Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / trask-carry-retention-side-letter.docx
trask-carry-retention-side-letter.docx
Parties
Ardent Capital Partners III LP
Ardent Capital GP III LLC
Prestige Registered Agents LLC
Ardent Capital Management LLC
Ardent Capital Holdings LLC
Ardent GP Intermediate LLC
Restated LLC
Chase LLP
Dates
February 28, 2024
April 15, 2024
February 14, 2024
September 30, 2023
April 15, 2026
Amounts
$2.8
$87,600,000
$10,512,000
$6,307,200
$4,204,800
$3,150,000
$1,892,160 4.3
$1,892,160
$1,257,840
$5,040,000
Obligations
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as follows: SECTION 1: DEFINITIONS As used in this Side Letter, the following terms shall have the meanings set forth below
Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the LPA or the Separation Agreement, as applicable
Trask shall retain 60% of her Vested Carry (the "Retained Carry")
For reference, as of September 30, 2023, the Fund's aggregate portfolio metrics were as follows: The Retained Carry shall be subject to the forfeiture, escrow, clawback, distribution, and other provisions set forth in this Side Letter and the LPA
Trask shall forfeit 40% of her Vested Carry (the "Forfeited Vested Carry")
The Forfeited Vested Carry is calculated as follows: Forfeited Vested Carry = 40% × Vested Carry Forfeited Vested Carry = 40% × $10,512,000 = $4,204,800 The Forfeited Vested Carry shall be irrevocably relinquished by Ms