EFTA01366698.pdf

Amendment #4 Page 269 of 868 .ift.c54 on, The holders or IDRsvoll be ended to cause the target disunion levels to be reset on mule than one occasion There are no restnctons on Ire ability to exercise their reset night multiple tines, bu the requrements for exercise must be met each time Because one of the requirerrerts is that Global LLC make cash detnIxtions in excess of the thenepplicable Thad Target Distnio-tion for Me pnor two canecubve fiscal garters. a minimum of two quarters must elapse between each reset In connection with resetbng of the target dienbution levels and the oxnesponding relinquishnent by ma Sponsor of 'tentere detnbution payments based on the target denbuion levels pnor to the reset, ocr Sponsor will beentitled to reserve a nanber of newly issued Global LLC Class 81 tests and shares of Class 81 common stock based on tre formula described below trot takes into amours tI 'oath panty vat* of the cash distnbutcrs relined to tre IDRs for the two consecurve quarters wrinedetety pnor so the reset event as compared to the Cash disinbiAcin per use in such quarters. The number et Class 81 units and shares of Class B1 common stock to be *sued rt ccnnecbcn with a resetting of the Minimum Quarterly DaInttlion arrant and the target castribution levels then in effect wodd equal the quotient determined by Owing 00 the average aggregate amount of cash dstnbutions received in respect of the IDRs dairy the two consec,utrve fiscal quarters ended immediately pia lo the date or such reset election by (y) the average of the aggregate arrant of cash dskituted Per Cans A unit, Class 81 unit and Class B und skring each of these two quarters POSNIMEt IDAs Following a reset election, a baseline Minimum Quarterly DisMtuten amount wit be calculated as an amount equal to the average cash distribution amount per Class A unit Class 81 unt and Class Bunt fa the Iwo consecutwe fiscal garters immediate, preceding the reset election, which amount we refer to as the Reset Minimun Quarterly Destnbution; and the target dist ntuton levels will be reset to be correspondingly higher Menthe Reset Minmun Quarterly DistritxMon Following a reselling of the Minimum Quarterly DsInbulon amount Global LLC would, subject to the Clistntxecn Forbearance Provisions make disIntutions of cash in respect of speedo quarters ending suer the reset date as blows • Anst to all holders of Class A units, Class 81 units are Class 8 units pro rata. until each holder recewes an arnoure per unit for that quarter equal to 115 0%a the Reset Mir nun Quarterly DiStribillOrr, • secold 8.5 0% to all boldera d Class A unite, Class 81 unds and Class B tan pro rata, and 150% to Me holders of the ICRs, until each holder of Class A tints. Class 81 int% an Class B units recent' an amount per stn for net quarter equal to 125 0%a the Reset Millman Quarterly Distnbuton • Ward, 75.0% to all holders of Class A ores, Class 81 units and Class B units, pro rata, and 25 0% to the holders of the ORs, until each holder of Class A units, Class 81 units and Class Bursts receives an amount per unit for that quarter equal to 150.0% of the Reset Minims, Cuarterly Orland/ben and • thereafter, 50.0% to all holders of Class A unts, Class 81 urea and Class B units. pro rata, and 500% to the raiders of the IDRs Because a reset election can only occur alter the Subordnaten Period expires, the Reset Minimum Cistern/ Disatuton will have no significance except as a baseline for the target caStfibution levels after our Sponsor effectuates an IDR reset. The folowing table illustrates Me percertage allocaton or Global LLC distributions of cash in respect of a specific quarter between the holders of Class A unts. Class 81 units. Class B units and the ICRs at various Used:titian levels (0 pusLant to the distribution povaions of Global LLCs amended and restated operating 261 http://cfdocs.btogo.com:27638/cf/drv7/pub/edgar/2015/07/20/0001193125-15-256461/d78... 7/20/2015 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0058226 CONFIDENTIAL SDNY_GM_00204410 EFTA01366698