Understanding the Investment Risks. The Member understands that: (i) the LTIP Units represent a highly speculative investment, and there can be no assurance as to the success of OpCo, the Company or their respective Affiliates in their business; (ii) the LTIP Units cannot be transferred except in very limited circumstances in accordance with the provisions of the Operating Agreement and the Award Agreement to which this Appendix A is attached (the “Award Agreement”), and at present, no market for the LTIP Units exists and it is not anticipated that a market for the LTIP Units will develop in the future; (iii) the LTIP Units may be worthless; and (iv) ownership of the LTIP Units may result in taxable income to the Member without a corresponding cash or in-kind distribution.
Appears in 6 contracts
Samples: Award Agreement for Long Term Incentive Plan Units and Restricted Stock (Digital Landscape Group, Inc.), Award Agreement for Long Term Incentive Plan Units and Restricted Stock (Digital Landscape Group, Inc.), Award Agreement for Long Term Incentive Plan Units and Restricted Stock (Digital Landscape Group, Inc.)
