Certain Transactions
Settlement Class Counsel Compensation
T-Cubed will pay to settlement class counsel cash in an amount equal to $2,000 per linear mile of conduits for the first three conduits installed in the corridor. In addition, T-Cubed will pay to the settlement class counsel from time to time cash in amount equal to a percentage of the gross receipts T-Cubed receives with respect to the fourth and successive conduits installed in the corridor as follows:
|
Conduits |
% of Gross Receipts |
|
4 to 7 |
2.5% |
|
8 and up |
3.75% |
The Company will pay to settlement class counsel:
25% of the net revenue received by the Company from the sale, lease or use of the up to sixteen dark fiber optic strands per railroad corridor T-Cubed transfers to the Company;
25% of the net revenues derived from any conduit purchased by the Company from T-Cubed pursuant to the option to purchase a conduit installed in the telecommunications system;
25% of the gross proceeds from the sale of all or substantially all of the assets of the Company, or the merger or liquidation of the Company; and
In the event of an initial public offering of the common equity securities of the Company or its successor, a number of securities equal to 25% of the outstanding equity interest of the Company or its successor immediately before the closing of the initial public offering.
The settlement class counsel comprises:
Nels Ackerson, The Ackerson Group, Washington, D.C.
Roger C. Johnson, Koonz, McKenney, Johnson, DePaolis & Lightfoot, Washington, D.C.
John B. Massopust, Zelle, Hofmann, Voelbel & Gette, LLP, Minneapolis, Minnesota
Henry J. Price, Price, Potter, Jackson & Mellowitz, P.C., Indianapolis, Indiana