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“Leased Real estate”setting all leasehold or subleasehold estates or any other contractual legal rights to have fun with otherwise inhabit people belongings (and, for the avoidance from question, pursuant to any crushed lease), property, structures, developments, fittings or other interest in realproperty held from the Company or any kind of their Subsidiaries to own (a) people store having adjusted operating income over $step three,one hundred thousand,000 to your 12 months concluded August 30, 2024 otherwise (b) anynon-merchandising facility more than 25,000 square feet. “Intervening Feel” setting people matter feel, advancement oroccurrence which had been unidentified to the Organization Board as the of the day hereof (otherwise, when the recognized, the effects from which weren’t known to otherwise relatively predictable from the Business Board since the fresh go out of the Arrangement) and you can will get recognized to the newest CompanyBoard following the time hereof and you will prior to the Organization Stockholder Recognition; considering, yet not, you to definitely in the zero enjoy shall the new bill, existence otherwise regards to a purchase Suggestion or any amount linked thereto otherwise consequences thereofconstitute or perhaps considered getting a keen Intervening Enjoy. “Indemnified People” function differing people who’s today, or might have been when before the day hereof, otherwise whom becomes prior tothe Effective Time (a) a director, director otherwise manager of the Company or any one of their Subsidiaries otherwise (b) a movie director otherwise manager serving in the consult out of, or else on the part of, the organization otherwise any one of its Subsidiaries to the a panel ofdirectors otherwise similar ruling looks of any person in the fresh VPMC Group (excluding, for the avoidance of question, the new people in the new Product sales Committee in their capabilities therefore). “ERISA Affiliate” form people organization that’s a member of (a) a controlled set of businesses (because the laid out inSection 414(b) of one’s Password), (b) a team of positions otherwise businesses below popular handle (because the laid out in the Point 414(c) of one’s Password) or (c) a connected provider class (since the discussed lower than Part 414(m) of one’s Password or perhaps the regulationsunder Section 414(o) of one’s Code), any one of which includes otherwise integrated the company or any kind of the Subsidiaries.

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Whereas, pursuant for the Merger Arrangement, theParent Agencies provides offered to trigger DAP Issuer so you can thing in the value of any display out of Business Popular Inventory plus regard away from Team Collateral Honours a great as of instantaneously before the Active Time, specific rights for the DAP Correct PaymentAmounts in the event the and when payable pursuant compared to that Contract. (a) Except as the or even provided here, all remedies herein explicitly conferred up on a guy usually getting deemed cumulative which have and you will notexclusive of any almost every other option conferred hereby, otherwise for legal reasons otherwise equity through to such as Individual, plus the get it done because of the a guy of every one answer usually not prevent the brand new do it of every most other option. “Subsidiary” function, when it comes to any person, someone else (a) from which suchfirst People possess or control, personally or ultimately, ties and other possession hobbies symbolizing (i) more than fifty% of the voting strength of all of the a good inventory otherwise possession welfare of such 2nd Person, or (ii) the proper toreceive more 50% of one’s net assets available for shipping to your owners from an excellent stock or ownership welfare through to a liquidation or dissolution, otherwise (b) of which for example earliest Body is a standard companion otherwise dealing with associate.

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(vii) Regardless of anything to the exact opposite in this Arrangement, inside the zero knowledge should the newest Aggregate DAP Best Percentage Numbers impact inside an excellent Holderof one a fantastic DAP Right acquiring aggregate DAP Right Payment Quantity according of these DAP In excess of the new DAP Limit Count. Subject tothe actions set forth within the Point dos.4(c), abreast of the fresh acknowledgment by DAP Issuer from proceeds in respect away from any Whole Community Sales, in case your level of Readily available Cash Balance following the receipt of these proceeds is a positive count,for every Proprietor out of an excellent DAP Best will, in respect of such DAP Correct, be eligible for and you can will receive the Village Shareholder Continues Per DAP Best. To the reduction away from doubt, so it Section dos.4(a)(ii) andSection 2.4(c) will affect a whole Village Sale that was consummated following day of one’s Merger Agreement and you can prior to the go out of the Agreement on the the total amount that the proceeds from such Entire Town Salewere perhaps not in the past placed into the brand new For each Display Dollars Idea in connection with the new Closure less than Point 2.1(c) of your own Merger Agreement. At the mercy of the fresh tips established inside Area 2.4(b) relating toany Mandatory Delivery Number pursuant so you can Area cuatro.1(e)(i), through to an important Meantime Distribution pursuant to help you Section cuatro.1(e)(i) or a request an Interim Delivery by the Sales Committeepursuant so you can Area cuatro.1(e)(ii) or Part cuatro.1(e)(iii), for each Proprietor away from an excellent DAP Best shall, according of each and every such as DAP Best, be eligible for and you will should get the Interim DistributionShareholder Proceeds For each DAP Right in terms of including Meantime Shipment. (d) A holder will make a composed consult tothe Rights Representative so you can changes such as ▇▇▇▇▇▇’s target from checklist on the DAP Proper Sign in. Through to bill of such composed find, the new Legal rights Representative should on time checklist the alteration of address inthe DAP Best Sign in.

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Should your Sales Panel thus demands, the newest DAP Issuer will make for example fee pursuant to help you Section 2.4(a)(i). (i) Prior to the Selling Due date, any time and you may periodically, whether or not (x) the new Offered CashBalance is higher than $2 hundred,100000,000 and (y) the brand new number determined per away from conditions (iv), (v) and (vi) of one’s definition of Offered Dollars Balance is for every comparable to $0, the newest DAP Issuer will create a cost for the People inside regard of one’s DAPRights pursuant so you can Section dos.4(a)(i) inside an enthusiastic aggregate count (a “Necessary Shipment Amount”) equivalent to the additional Cash Number, until the new Sales Committee (pretending because of the unanimous composed concur of theeach of the Specified People Representative, the newest Father or mother Member and the Shareholder Affiliate) determines never to make for example a mandatory Shipment Count. (f) DAP Issuer should offer written notice of every resignation each elimination of a RightsAgent or personal member of the newest Sale Panel otherwise committee spanning the newest Stockholder Associate and every conference from an excellent replacement Liberties Agent otherwise private member of the brand new Sale Committee or panel comprising the newest ShareholderRepresentative on the then pretending members of the newest Selling Committee, the fresh following pretending people in the brand new committee spanning the new Shareholder Representative after which pretending Legal rights Representative within this ten (10) months once welcome away from appointment by the theapplicable replacement. The new Rights Broker (otherwise successor Liberties Agent) shall send observe of any resignation each removal of a Rights Agent or personal member of the new Selling Committee or individual member of the brand new committee comprising the brand new ShareholderRepresentative and every fulfilling away from an excellent replacement Liberties Broker or individual person in the new Sales Committee otherwise private person in the brand new panel comprising the brand new Stockholder Affiliate to help you the brand new Owners inside 10 (10) days just after bill ofnotice thereof out of DAP Issuer. For each and every such observe agreed to the fresh Rights Agent, Stockholder Affiliate, Sale Panel otherwise Owners shall through the name and you may target of the newest successor Liberties Representative, private person in the brand new ShareholderRepresentative or individual person in the fresh Product sales Panel, while the appropriate. “Town Product sales” form an immediate otherwise indirect sales, import, lease, licenses, exchangeor almost every other disposition (and as a good merger or any other business consolidation purchase) (i) of any part of the consolidated possessions of your own VPMC Classification, (ii) of every portion of the DAP Issuer’s lead otherwise secondary equityinterests regarding the Town Entities or (iii) the end result where would be to divest the brand new DAP Issuer out of people percentage of their direct or secondary Funding regarding the VPMC Group, in addition to an entire Town Selling.

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People Equity Honor Hook-right up Quantity and you can people numbers chosen because of the DAP Issuer according away from Forfeited Equity Award DAP Rights shall notbe sensed Cash and you may Cash Competitors of one’s Town SPV Group and you may shall not be as part of the calculation out of Available Dollars Equilibrium. Regardless of the new foregoing, theParent Entities admit and you can concur that they shall not titled to help you economic injuries for infraction out of Area six.15, 6.16, 6.17 otherwise 6.18 from the Organization and therefore the best and you may personal answer for your infraction ofSection six.15, 6.16, 6.17 otherwise 6.18 by Business will likely be certain results (plus the Company understands and you may believes one to for example solution might be available against they). Representatives underneath the Confidentiality Contract, the newest Voting Arrangement or even to be indemnified and reimbursed to own expenditures prior to Areas 6.11(c), six.15, 6.16,six.17, six.18 otherwise 8.3(e).

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