Laserfiche WebLink
10 <br />7. Section 5.6 of the Purchase and Contribution Agreement is hereby amended to <br />read in its entirety as follows: <br />The ownership chert of CCI and its Subsidiaties included as Schedule 5.6 is true <br />and correct in all material respects. Without limiting the generality of the <br />foregoing, CCI is, and as of the Closing either CCI or Charter LLC will be, the <br />record and beneficial owner of all of the issued and outstanding Equity Interests <br />of Charter Holdings, and CCI is, and as of the Closing CCI will be, the record and <br />beneficial owner of all of the issued and outstanding Equity Interests of Charter <br />LLC. <br />8. Section 6.1(a) is hereby amended by adding the following new subparagraph (1): <br />(10) Tax Status of CC VB. LLC. Take any action that would cause CC VH, <br />LLC to be treated for federal income tax purposes as an entity other than a disregarded <br />entity under Treasury Regulations § 301.7701-3(b)(1)(ii). <br />9. Clause (I) of Section 6.6(c) of the Purchase and Contribution Agreement is <br />hereby amended to read in its entirety as follows: <br />the definitive Charter LLC Operating Agreement to be effective upon the Closing <br />in accordance with the terms set forth on Exhibit D, with such changes as are <br />appropriate to reflect the assignment by CCI to Chatter LLC of the right to <br />acquire the Purchased Interests, and such additional terms as Buyer and FHGLP <br />may mutually agree, <br />10. Section 6.6 of the Purchase and Contribution Agreement is hereby amended by <br />adding the following new paragraph (g): <br />(g) On or prior to the Closing, FHGLP shall contribute a one percent <br />(1%) limited partnership interest in Falcon to CC VII, LLC, free and clear of all <br />Encumbrances and subject to the Legal Restrictions. <br />11. Clause (i) of Section 6.10(h) of the Purchase and Contribution Agreement is <br />hereby amended to read in its entirety as follows: <br />the Cash Consideration allocable (pursuant to Section 2.3(d)) to the membership <br />interest in CC VIL LLC and to the partnership interests in Falcon other than the <br />Contributed Interest, <br />12. For purposes of this paragraph 12, each of CCI and Charter LLC is refered to as <br />a'Buyer" and CCI and Charter LLC are referred to collectively as the "Buyers." CCI and <br />Charter LLC agree that all obligations specified in the Pumbase and Contribution Agreement as <br />obligations of CCI, including the obligation to pay the Aggregate Consideration and any other <br />amounts payable to Sellers, whether to be performed at, before or after Closing, shall be joint <br />and several obligations of CCI and Charter LLC. All such obligations, including those to pay <br />money, including, without limitation, the Cash Consideration, may be enforced by Sellers against <br />either Buyer individually, and such enforcement shall not be conditioned or contingent upon the <br />-3- <br />