Document:

MEMBERSHIP UNIT SUBSCRIPTION AGREEMENT

THIS MEMBERSHIP UNIT SUBSCRIPTION AGREEMENT (this “Agreement”) is made and entered into as of June [  ], 2008, by and among RHI Entertainment, Inc., a Delaware corporation (“RHI Inc.”), KRH Investments LLC, a Delaware limited liability company (formerly RHI Entertainment Holdings, LLC, “KRH”), and RHI Entertainment Holdings II, LLC, a Delaware limited liability company (“Holdings II”). 

RECITALS

A. WHEREAS, RHI Inc. is contemplating an offer and sale of its shares of common stock, par value $ 0.01 per share (“Shares”), to the public in an underwritten initial public offering (the “Initial Public Offering”). 

B. WHEREAS, pursuant to that certain reorganization agreement, dated as of September 14, 2007 (the “Reorganization Agreement”), KRH, Holdings II and RHI Inc. have agreed to effectuate the transactions described or referenced therein. 

C. WHEREAS, immediately prior to or simultaneously with the consummation of the transactions contemplated by this Agreement, RHI Inc. will become the sole managing member of Holdings II and KRH will become the non-managing member of Holdings II pursuant to that certain amended and restated limited liability operating agreement of Holdings II, as it may be amended, supplemented or otherwise modified from time to time (the “LLC Agreement”). 

D. WHEREAS, Holdings II desires to issue Membership Units to RHI Inc. in exchange for the proceeds received from RHI Inc.’s Initial Public Offering.

E. WHEREAS, Holdings II desires to issue Membership Units to KRH in exchange for the contribution of its interests in RHI Entertainment LLC, a Delaware limited liability company (the “Contributed Asset”).

F. WHEREAS, immediately after the Initial Closing (as defined herein), Holdings II desires to make a cash distribution of $35.7 million (the “Cash Distribution”) to KRH, which is intended to return capital contributions by KRH used for the funding of capitalized film production costs incurred within the two years prior to payment of the Cash Distribution.

G. WHEREAS, the parties hereto intend for the contribution of the Contributed Asset by KRH and the proceeds received from RHI Inc.’s Initial Public Offering in exchange for Membership Units to be treated as contributions of property governed by Section 721(a) of the Internal Revenue Code of 1986, as amended and the Cash Distribution to be treated as a payment as described in Treasury Regulations Section 1.707-4(d).

H. NOW, THEREFORE, In consideration of the covenants and agreements contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, RHI Inc., KRH and Holdings II agree as follows:

 

AGREEMENT

 

1. Definitions

1.1 Certain Definitions. For purposes of this Agreement, the following terms shall have the meanings specified in this Section 1.1:

 “Cash Distribution” has the meaning set forth in the Recitals.

 “Contributed Asset” has the meaning set forth in the Recitals.

“Encumbrance” means, with respect to any specified asset, any security interest, lien, mortgage, claim, charge, pledge, restriction, option, reservation, equitable interest, deed of trust, right of first refusal, easement, servitude or encumbrance of any nature.

 “Holdings II” has the meaning set forth in the Preamble.

“Initial Closing” means the closing of the transactions contemplated in Sections 2.1, 2.2, 3.1 and 3.2.

“Initial Closing Date” has the meaning set forth in Section 2.3.

“Initial Public Offering” has the meaning set forth in the Recitals.

“IPO Proceeds” means the proceeds received by RHI Inc. in exchange for the issuance and sale of Shares in connection with the Initial Public Offering, calculated by the price per share at which Shares are sold to the public multiplied by the number of Shares sold to the public, less underwriting discounts and commissions. For the avoidance of doubt, IPO  Proceeds shall not include the Over-Allotment Proceeds.

“KRH” has the meaning set forth in the Preamble. 

“KRH Units” has the meaning set forth in Section 3.1.

 “LLC Agreement” has the meaning set forth in the Recitals.

“Membership Units” means the common membership units of Holdings II as described in the LLC Agreement.

 “Optional Closing” means the closing of the transactions contemplated in Section 2.5.

“Optional Closing Date” has the meaning set forth in Section 2.5(c).

“Over-Allotment Option” has the meaning set forth in Section 2.5(a).

“Over-Allotment Proceeds” means the proceeds received by RHI Inc. in connection with the Underwriters’ purchase of Shares in connection with the Over-Allotment Option, calculated by the price per share at which Shares are sold to the public multiplied by the number of Shares sold to the public, less underwriting discounts and commissions.

“Over-Allotment Units” means the Membership Units, if any, issued by Holdings II to RHI Inc. pursuant to Section 2.5.

 

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“Prospectus” means the final prospectus for the Initial Public Offering contained in the registration statement filed on Form S-1 with the Securities and Exchange Commission.

“RHI Inc.” has the meaning set forth in the Preamble.

“RHI Inc. Consideration” has the meaning set forth in Section 2.2.

“RHI Inc. Units” has the meaning set forth in Section 2.1.

“Shares” has the meaning set forth in the Recitals.

 “Total Issued Units” means the total number of KRH Units,  RHI Inc. Units, and, if any, Over-Allotment Units.

“Transaction Documents” mean the transactional and organizational documents entered into contemporaneously with this Agreement by either Holdings II, RHI Inc. or KRH, as applicable, in connection with the Initial Public Offering.

“Underwriting Agreement” means the underwriting agreement to be entered into among RHI Inc. and the managing underwriters for the Initial Public Offering.

2. RHI Inc. Units.

2.1 Transfer. Holdings II hereby agrees to issue to RHI Inc. on the Initial Closing Date, and RHI Inc. hereby agrees to subscribe to and accept on the Initial Closing Date, free and clear of all Encumbrances, a number of Membership Units equal to the number of Shares sold (excluding any Shares sold pursuant to the exercise of the Over-Allotment Option) in the Initial Public Offering (collectively, the “RHI Inc. Units”).

2.2 Consideration. The consideration for the RHI Inc. Units shall be an amount equal to the IPO Proceeds (the “RHI Inc. Consideration”), which shall be delivered to Holdings II at the Initial Closing by wire transfer of immediately available funds in accordance with Section 2.4.

2.3 Initial Closing. The Initial Closing Date shall be held at the offices of Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022 at the time and date on which all the conditions set forth in Section 7 have been satisfied or waived, or at such later time and date as RHI Inc., Holdings II and KRH shall agree in writing (such time and date, the “Initial Closing Date”).

2.4 Initial Closing Deliverables. 

(a) Holdings II shall deliver, or cause to be delivered, the following documents to RHI Inc. at the Initial Closing:

(i) a certificate or certificates representing the RHI Inc. Units being issued to RHI Inc. identifying RHI Inc. as the registered holder thereof; and

 

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(ii)  all other customary documents, instruments or certificates as shall be reasonably requested by RHI Inc. and as shall be consistent with the terms of this Agreement; and

(b) RHI Inc. shall deliver, or cause to be delivered, the following documents to Holdings II at the Initial Closing:

(i) the RHI Inc. Consideration by wire transfer of immediately available funds to an account designated by Holdings II at least three business days prior to the Initial Closing.

2.5 Issuance of Additional Membership Units. 

(a) Holdings II hereby agrees to issue to RHI Inc., and RHI Inc. hereby agrees to subscribe to and accept, free and clear of all Encumbrances, a number of Membership Units equal to the number of Shares sold to the Underwriters pursuant to the Underwriters’ option to purchase additional Shares under the Underwriting Agreement (the “Over-Allotment Option”) in exchange for RHI Inc.’s contribution of the Over-Allotment Proceeds of such Over-Allotment Option, which shall be delivered to Holdings II at the Optional Closing by wire transfer of immediately available funds in accordance with Section 2.5(c). 

(b) RHI Inc. and Holdings II both agree and acknowledge that Holdings II’s obligations to issue any Over-Allotment Units in connection with the Over-Allotment Option are contingent upon the Underwriters’ exercise of their Over-Allotment Option. If the Underwriters exercise their Over-Allotment Option, RHI Inc. will, contemporaneously with the sale of Shares by RHI Inc. to the Underwriters pursuant to the Over-Allotment Option, subscribe to a number of  Over-Allotment Units from Holdings II equal to the number of Shares purchased by the Underwriters from RHI Inc. pursuant to the Over-Allotment Option.

(c) The Optional Closing shall be held at the offices of Latham & Watkins LLP, 885 Third Avenue, New York, NY 10022 at the time and date on which all the conditions set forth in Section 7 have been satisfied or waived, or at such later time and date as RHI Inc. and Holdings II shall agree in writing (such time and date, the “Optional Closing Date”).

(d) Holdings II shall deliver, or cause to be delivered, the following documents to RHI Inc. at the Optional Closing:

(i) a certificate or certificates representing the Over-Allotment Units being issued and sold to RHI Inc. in connection with the Over-Allotment Option, identifying RHI Inc. as the registered holder thereof; and

(ii) all other customary documents, instruments or certificates as shall be reasonably requested by RHI Inc. and as shall be consistent with the terms of this Agreement.

 

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(e) RHI Inc. shall deliver, or cause to be delivered, the following documents to Holdings II at such Optional Closing:

(i) the Over-Allotment Proceeds by wire transfer of immediately available funds to an account designated by Holdings II at least three business days prior to such Optional Closing; and

(ii) a letter evidencing the exercise of the Over-Allotment Option by the Underwriters in a form reasonably satisfactory to Holdings II.

2.6 Closing Costs; Transfer Taxes and Fees. Holdings II shall be responsible for the documentary and transfer taxes and any sales or other similar taxes, if any, imposed on the issuance of the Membership Units under this Agreement (including those Membership Units issued and sold in connection with the Over-Allotment Option) and any deficiency, interest or penalty asserted with respect thereto.

3. Contribution of Contributed Asset; Issuance of Membership Units; Subsequent Cash Distribution.

3.1 Transfer. Subject to the terms and conditions of this Agreement, Holdings II hereby agrees to issue to KRH on the Initial Closing Date, and KRH hereby agrees to accept on the Initial Closing Date, free and clear of all Encumbrances, 9,900,000 Membership Units (the “KRH Units”).  KRH shall contribute, convey, assign, transfer and deliver to Holdings II or its designee free and clear of any Encumbrances, and Holdings II or its designee does hereby acquire and accept from KRH, all of KRH’s right, title and interest in the Contributed Asset. 

3.2 Initial Closing. The Initial Closing shall be held on the Initial Closing Date.

3.3 Initial Closing Deliverables.

(a) Holdings II shall deliver, or cause to be delivered, the following documents to KRH at the Initial Closing:

(i) a certificate or certificates representing the KRH Units being issued and sold to KRH identifying KRH as the registered holder thereof; and

(ii) all other customary documents, instruments or certificates as shall be reasonably requested by KRH and as shall be consistent with the terms of this Agreement

 

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(b) KRH shall deliver, or cause to be delivered, the following documents to Holdings II at the Initial Closing:

(i) all customary documents, instruments or certificates as shall be reasonably requested by Holdings II and as shall be consistent with the terms of this Agreement.

3.4 Closing Costs; Transfer Taxes and Fees. Holdings II shall be responsible for the documentary and transfer taxes and any sales or other similar taxes, if any, imposed on the issuance of the KRH Units under this Agreement and any deficiency, interest or penalty asserted with respect thereto.

3.5 Cash Distribution. By executing and delivering this Agreement, Holdings II agrees to make, and on the Initial Closing Date will make, the Cash Distribution to KRH with a portion of the RHI Inc. Consideration. Notwithstanding anything in the LLC Agreement to the contrary, the Cash Distribution to KRH shall be permitted under the LLC Agreement and RHI Inc. and KRH agree that this Agreement shall serve to amend Section 5.4 of the LLC Agreement with respect to the Cash Distribution and to waive their respective rights to receipt of the Cash Distribution on a pro rata basis in accordance with their respective interests in Holdings II.

4. Representations and Warranties of Holdings II. As of the date of this Agreement and as of each of the Initial Closing Date and, if applicable, the Optional Closing Date, Holdings II represents and warrants to RHI Inc. and KRH as follows:

4.1 Organization; Good Standing; Qualification. Holdings II is a limited liability company, duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. Holdings II has the requisite power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. Holdings II is in good standing and qualified to do business in every jurisdiction where the failure to so qualify would have a material adverse effect on its business or financial condition or its ability to enter into this Agreement or to consummate the transactions contemplated hereby.

4.2 Authorization. The execution, delivery and performance of this Agreement and the issuance of the Membership Units have been duly authorized by Holdings II. This Agreement constitutes the legal, valid and binding obligation of Holdings II enforceable against Holdings II in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and (ii) the effect of rules of law governing the availability of equitable remedies.

4.3 Consents. Except as has been obtained or will be obtained prior to the Initial Closing and, if applicable, the Optional Closing, no consent, approval or authorization of, or designation, declaration or filing with, any governmental authority or other third party on the part of Holdings II is required in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby.

4.4 Capitalization of Holdings II. Immediately prior to the execution and delivery of this Agreement, there are no Membership Units issued and outstanding. There are no outstanding options, warrants, rights (including conversion or preemptive rights), voting agreements, investor or other type of agreement with respect to the Membership Units or other agreements for the purchase or acquisition from Holdings II of any Membership Units; provided, however, that the execution of any Transaction Document by the parties hereto either prior to, or contemporaneously with, this Agreement shall be expressly excluded from this Section 4.4. The assets and liabilities of Holdings II are as set forth in the financial statements included in the Prospectus as of the date indicated.

 

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5. Representations and Warranties of RHI Inc. As of the date of this Agreement and as of each of the Initial Closing Date and, if applicable, the Optional Closing Date, RHI Inc. hereby represents and warrants to Holdings II as follows:

5.1 Organization; Good Standing; Qualification. RHI Inc. is a corporation duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. RHI Inc. has the requisite power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. RHI Inc. is in good standing and qualified to do business in every jurisdiction where the failure to so qualify would have a material adverse effect on its ability to enter into this Agreement or to consummate the transactions contemplated hereby.

5.2 Authorization. The execution, delivery and performance of this Agreement and the subscription to the RHI Inc. Units have been duly authorized by RHI Inc. This Agreement constitutes the legal, valid and binding obligation of RHI Inc. enforceable against RHI Inc. in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and (ii) the effect of rules of law governing the availability of equitable remedies.

5.3 Consents. Except as has been obtained or will be obtained prior to Initial Closing and, if applicable, the Optional Closing no consent, approval or authorization of, or designation, declaration or filing with, any governmental authority or other third party on the part of RHI Inc. is required in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby.

6. Representations and Warranties of KRH.

As of the date of this Agreement and as of the Initial Closing Date, KRH hereby represents and warrants to Holdings II as follows:

6.1 Organization; Good Standing; Qualification. KRH is a limited liability company duly organized and validly existing under the laws of the State of Delaware and is in good standing under such laws. KRH has the requisite power and authority to own and operate its properties and assets, and to carry on its business as presently conducted and as proposed to be conducted. KRH is in good standing and qualified to do business in every jurisdiction where the failure to so qualify would have a material adverse effect on its ability to enter into this Agreement or to consummate the transactions contemplated hereby.

6.2 Authorization. The execution, delivery and performance of this Agreement and the subscription to the KRH Units and contribution of the Contribution Asset have been duly authorized by KRH. This Agreement constitutes the legal, valid and binding obligation of KRH enforceable against KRH. in accordance with its terms, except as may be limited by (i) applicable bankruptcy, insolvency, reorganization or other laws of general application relating to or affecting the enforcement of creditors’ rights generally and (ii) the effect of rules of law governing the availability of equitable remedies.

 

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6.3 Consents. Except as has been obtained or will be obtained prior to Initial Closing, no consent, approval or authorization of, or designation, declaration or filing with, any governmental authority or other third party on the part of KRH is required in connection with the execution and delivery of this Agreement or the consummation of the transactions contemplated hereby.

7. Conditions to Closing.

7.1 Conditions to the Obligations of All Parties. The obligations of the parties under this Agreement are subject to the fulfillment or waiver of the following conditions:

(a) There shall not have been issued and be in effect any order, decree or judgment of, or in, any court, tribunal of competent jurisdiction or governmental authority which makes the issue of the Total Issued Units or any of the other transactions contemplated by this Agreement illegal or invalid;

(b) RHI Inc. shall have entered into the Underwriting Agreement with respect to the Initial Public Offering and all conditions to the consummation thereof shall have been, or will contemporaneously be, satisfied, except for conditions to be satisfied under this Agreement at the Initial Closing and, if applicable, the Optional Closing; 

(c) Holdings II shall have been recapitalized in the manner described in the Prospectus; and

(d) The transactions described in the Prospectus under “Reorganization and offering transactions” shall have been completed prior to, or will be completed contemporaneously with, the execution of this Agreement.

7.2 Condition to Obligations of RHI Inc. In addition to the conditions specified in Section 7.1, the obligations of RHI Inc. under this Agreement are subject to the fulfillment or waiver of the following conditions:

(a) all covenants, agreements and conditions contained in this Agreement to be performed by Holdings II on or prior to each of the Initial Closing and, if applicable, the Optional Closing shall have been performed or complied with in all material respects;

(b) each of the representations and warranties of Holdings II set forth in this Agreement that is qualified as to a material adverse effect shall be true and correct, and each of the representations and warranties of Holdings II set forth in this Agreement that is not so qualified shall be true and correct in all material respects, in each case, as of the date of this Agreement and as of each of the Initial Closing Date and, if applicable, the Optional Closing Date as though made on and as of the Initial Closing Date and, if applicable, the Optional Closing Date (except to the extent in either case that such representations and warranties speak as of another date); and

 

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(c) Holdings II shall have delivered, or caused to be delivered, to RHI Inc. instruments of transfer and other transaction documents, in form and substance reasonably satisfactory to RHI Inc., to effect the issue of the RHI Inc. Units and the other transactions contemplated by this Agreement, including those documents identified in Section 2.4(a) and 3.3(a).

7.3 Conditions to the Obligations of Holdings II. In addition to the conditions specified in Section 7.1, the obligations of Holdings II under this Agreement are subject to the fulfillment or waiver of the following conditions:

(a) all covenants, agreements and conditions contained in this Agreement to be performed by RHI Inc. on or prior to the Initial Closing and, if applicable, the Optional Closing shall have been performed or complied with in all material respects;

(b) each of the representations and warranties of RHI Inc. set forth in this Agreement that is qualified as to a material adverse effect shall be true and correct, and each of the representations and warranties of RHI Inc. set forth in this Agreement that is not so qualified shall be true and correct in all material respects, in each case, as of the date of this Agreement and as of the Initial Closing Date and, if applicable, the Optional Closing Date as though made on and as of the Initial Closing Date and, if applicable, the Optional Closing Date (except to the extent in either case that such representations and warranties speak as of another date); and

(c) RHI Inc. shall have delivered to Holdings II instruments of transfer and other transaction documents, in form and substance reasonably satisfactory to Holdings II, to effect the issue of the RHI Inc. Units and the other transactions contemplated by this Agreement, including those documents identified in Section 2.4(b).

7.4 Conditions to the Obligations of KRH. In addition to the conditions specified in Section 7.1, the obligations of KRH under this Agreement are subject to the fulfillment or waiver of the following conditions:

(a) all covenants, agreements and conditions contained in this Agreement to be performed by Holdings II on or prior to the Initial Closing shall have been performed or complied with in all material respects;

(b) each of the representations and warranties of Holdings II set forth in this Agreement that is qualified as to a material adverse effect shall be true and correct, and each of the representations and warranties of Holdings II set forth in this Agreement that is not so qualified shall be true and correct in all material respects, in each case, as of the date of this Agreement and as of the Initial Closing Date as though made on and as of the Initial Closing Date (except to the extent in either case that such representations and warranties speak as of another date); and

(c) Holdings II shall have delivered to KRH instruments of transfer and other transaction documents, in form and substance reasonably satisfactory to KRH, to effect the issue of the KRH Units and the other transactions contemplated by this Agreement, including those documents identified in Section 3.3(a).

 

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8. Termination If the conditions set forth in Section 7 are not satisfied or waived on or before the completion of the Initial Public Offering or if the registration statement with respect to the Initial Public Offering is withdrawn for any reason prior to that date, this Agreement shall become null and void and be of no further force or effect whatsoever and neither Holdings II, KRH nor RHI Inc. shall have any further obligations hereunder or with respect hereto.

9. Covenants

9.1 Further Assurances. From time-to-time and after the date hereof, Holdings II shall deliver or cause to be delivered to RHI Inc. and KRH such further documents and instruments and shall do and cause to be done such further acts as RHI Inc. and KRH shall reasonably request to carry out more effectively the provisions and purposes of this Agreement.

9.2 No Transfer or Encumbrance. Between the date hereof and each of the Initial Closing Date and, if applicable, the Optional Closing Date and except as specifically disclosed in the Prospectus, Holdings II shall not issue, grant or sell any additional Membership Units or any rights to any Membership Units.

9.3 Conduct of the Business. Between the date hereof and each of the Initial Closing Date and, if applicable, the Optional Closing Date and except as specifically disclosed in the Prospectus, Holdings II shall (i) conduct the business of Holdings II in the ordinary course consistent with past practice, (ii) use all commercially reasonable efforts to (A) retain the services of its key employees, (B) preserve Holdings II’s relationships with material customers, suppliers, sponsors, licensees and creditors, and (C) maintain and keep Holdings II’s properties and assets in as good repair and condition as at present, ordinary wear and tear excepted, (iii) maintain its capital structure as it exists on the date of this Agreement, except as specifically contemplated hereunder.

10. Miscellaneous

10.1 Governing Law. This Agreement shall be governed by and construed in all respects in accordance with the laws of the State of Delaware without giving effect to principles of conflicts of law.

10.2 Notices. All notices, demands or other communications to be given under or by reason of this Agreement shall be in writing and shall be deemed to have been received when delivered personally, or when transmitted by overnight delivery service, addressed as follows:

If to RHI Inc.:

RHI Entertainment, Inc.

1325 Avenue of the Americas, 21st Floor

New York, NY 10019

Attention:  General Counsel

Fax:  (212) 977-3917

 

 

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with a copy to:

Latham & Watkins LLP

885 Third Avenue

New York, NY 10022

Attention:  Raymond Y. Lin, Esq.

Fax:  (212) 751-4864

	 	 

If to Holdings II:

RHI Entertainment Holdings, II LLC

1325 Avenue of the Americas, 21st Floor

New York, NY 10019

Attention:  General Counsel

Fax:  (212) 977-3917

with a copy to:

Latham & Watkins LLP

885 Third Avenue

New York, NY 10022

Attention:  Raymond Lin, Esq.

Fax:  (212) 751-4864

If to KRH:

KRH Investments LLC

  c/o Kelso & Company L.P.

  325 Park Avenue, 24th Floor

  New York, NY 10022

Attn: James Conners, Esq. 

Fax: (212) 223-2379

Any party to this Agreement may change its address for notices, demands and other communications under this Agreement by giving notice of such change to the other party hereto in accordance with this Section 10.2.

10.3 Survival. The representations, warranties, covenants and agreements made herein shall survive any investigation made by any of the parties hereto and the closing of the transactions contemplated hereby.

10.4 Benefit of Parties; Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors, legal representatives and permitted assigns. This Agreement may not be assigned by any party without the prior written consent of the other parties to this Agreement, and any assignment without such consent shall be null and void. Nothing herein contained shall confer or is intended to confer on any third party or entity that is not a party to this Agreement any rights under this Agreement.

 

 

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10.5 Amendment. This Agreement may not be amended, modified, altered or supplemented except by means of a written instrument executed on behalf of each of RHI Inc., KRH and Holdings II.

10.6 Waiver. No failure on the part of either party hereto to exercise any power, right, privilege or remedy under this Agreement, and no delay on the part of either party hereto in exercising any power, right, privilege or remedy under this Agreement, shall operate as a waiver thereof; and no single or partial exercise of any such power, right, privilege or remedy shall preclude any other or further exercise thereof or of any other power, right, privilege or remedy.

10.7 Severability. If any provision of this Agreement is held invalid or unenforceable by any court of competent jurisdiction, the other provisions of this Agreement will remain in full force and effect. Any provision of this Agreement held invalid or unenforceable only in part or degree will remain in full force and effect to the extent not held invalid or unenforceable.

10.8 Entire Agreement. This Agreement sets forth the entire understanding of the parties hereto and supersedes all other agreements and understandings between the parties hereto relating to the subject matter hereof including, without limitation, the Reorganization Agreement.

10.9 Counterparts and Facsimiles. This Agreement may be executed in one or more counterparts, all of which shall be considered one and the  same agreement, and shall become effective when one or more counterparts have been signed by each of the parties and delivered to the other. The parties hereto may execute the signature pages hereof and exchange such signature pages by facsimile transmission.

	
                         
 	
                        10.10
 	
                        Interpretation of Agreement.
 

(a) As used in this Agreement, the words “include” and “including, “and variations thereof, shall not be deemed to be terms of limitation, and shall be deemed to be followed by the words “without limitation.”

(b) Unless otherwise specified, references in this Agreement to “Sections” and “Exhibits” are intended to refer to Sections of, and Exhibits to, this Agreement.

(c) The Section headings contained in this Agreement are solely for the purpose of reference, are not part of the agreement of the parties and shall not in any way affect the meaning or interpretation of this Agreement.

(d) Each party hereto and its counsel cooperated in drafting and preparation of this Agreement and the documents referred to in this Agreement. Any rule of law or any legal decision that would require interpretation of any ambiguities in this Agreement against the party that drafted it is of no application and is hereby expressly waived.

[Signature page to follow]

 

 

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IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed on the day and year first above written.

 

	
                         
 	
                         
 	
                        RHI ENTERTAINMENT HOLDINGS II, LLC
 
	
                          
 	
                         
 	
      

        By:
 	
        
 
	
                         
 	
                         
 	
                         
 	
                        Name:
 Title:
 

 

	
                         
 	
                         
 	
                        RHI ENTERTAINMENT, INC.
 
	
                          
 	
                         
 	
      

        By:
 	
        
 
	
                         
 	
                         
 	
                         
 	
                        Name:
 Title:
 

 

	
                         
 	
                         
 	
                        KRH INVESTMENTS LLC
 
	
                          
 	
                         
 	
      

        By:
 	
        
 
	
                         
 	
                         
 	
                         
 	
                        Name:
 Title:
 

Signature Page – Subscription Agreementexv10w02

EXHIBIT 10.02

SUBSCRIPTION ESCROW AGREEMENT

          ESCROW AGREEMENT, (the “Agreement”) dated as of April 1, 2008 (“Effective Date”), by and between
Superfund Gold, L.P., a Delaware limited partnership (the “Fund”) and HSBC Bank USA, National
Association, a national banking association as escrow agent (the “Escrow Agent”).

          Whereas,
the Fund is offering its Series ___ units of limited partnership interest on a best
efforts, continuous offering basis to investors (the “Investors”) pursuant to a Prospectus.

          Whereas, in accordance with the Fund’s prospectus, the Fund intends to publicly offer $100,000,000
of Series ___ units (the “Securities”), for which each subscriber will pay $1,000 per unit during
the initial offering period and an amount equal to the current net asset value per unit thereafter
during the continuous offering period; and

          Whereas, the Prospectus provides for certain funds to be deposited into an escrow account to be
held and distributed in accordance with the terms of the Prospectus and the terms and conditions
set forth hereinafter.

          NOW, THEREFORE, for good and valuable consideration, the receipt and adequacy of which are hereby
acknowledged by each of the parties hereto, the parties hereto, intending to be legally bound, do
hereby agree as follows:

          Section 1. Appointment of Escrow Agent. The Fund hereby appoints HSBC Bank USA, National
Association as escrow agent in accordance with the terms and conditions set forth herein, and the
Escrow Agent hereby accepts such appointment.

          Section 2. Proceeds to be Escrowed.

          (a) A sample copy of the draft Prospectus, including any relevant Subscription Agreement(s),
is attached as Exhibit A. All funds received from Investors (“Investor Funds”) in payment for the
Securities will be delivered to the Escrow Agent within one (1) Business day following the day upon
which such proceeds are received by the Fund, and shall be retained in escrow by the Escrow Agent
pursuant to this Agreement. All Investor Funds shall be deposited into a non-interest bearing
account at the Escrow Agent entitled “HSBC as Escrow Agent for Superfund Gold, L.P.” (the Escrow
Account)

     (b) The Investor Funds deposited in the Escrow Account are referred to as the “Escrow Funds”.

     (c) In the event that any check deposited in the Escrow Account proves uncollectible after the
funds represented thereby have been released by the Escrow Agent, then the Fund shall promptly
reimburse the Escrow Agent for any and all costs incurred for such upon request, and the Escrow
Agent shall deliver the returned checks to the Fund.

 

 

     (d) In the event that any check deposited in the Escrow Account proves uncollectible before
the funds represented thereby have been released by the Escrow Agent, then the Escrow Agent shall
give notice to the Fund of such event, the Fund shall promptly reimburse the Escrow Agent for any
and all costs incurred therewith, and the Escrow Agent shall deliver the returned check to the
Fund.

          Section 3. Rejections by Escrow Agent. The Fund hereby acknowledges the Escrow Agent’s sole
right to reject for deposit into the Escrow Account, any Investor Funds based on the results of the
Escrow Agent’s internal due diligence policies and procedures. The Escrow Agent may reject
Investor Funds by giving written notice to the Fund, and returning the check to the Investor.

          Section 4. Disbursement of Funds. For each payment from the Escrow Account, the Fund shall
deliver, by facsimile, to Escrow Agent a letter of direction (“a “Certificate”), which Certificate
shall specify (i) the dollar amount of the Funds to be paid to the recipient, (ii) the name and
address of the recipient, (ii) the date on which such payment or payments shall be made by the
Escrow Agent. Escrow Agent shall make any payment to the recipient by wire or other transfer to the
account of such recipient as directed by the Fund.

          Section 5 Term of Escrow. The “Termination Date” shall be (i) the date the Escrow
Agent receives written notice from the Fund that it is abandoning the sale of the Securities. Upon
the termination of the Escrow Agreement any remaining Escrow Funds shall be refund to each Investor
at the address furnished to the Escrow Agent by the Fund in writing.

          Section 6 Issuance of Certificates. Until the offering period has ended, the Fund
shall not issue any certificates or other evidence of Securities, except subscription agreements.

          Section 7 Compensation of Escrow Agent. The Escrow Agent shall be entitled to payment
from the Fund for customary fees and expenses for all services rendered by it hereunder as set
forth in Exhibit D (as such fees may be adjusted from time to time). The Fund shall reimburse the
Escrow Agent on demand for all loss, liability, damage, disbursements, advances or expenses paid or
incurred by it in the administration of its duties hereunder, including, but not limited to, all
counsel, advisors’ and agents’ fees and disbursements and all taxes or other governmental charges.

          Section 8 Resignation of Escrow Agent. The Escrow Agent may resign and be discharged
from its duties hereunder at any time by giving thirty (30) calendar days’ prior written notice of
such resignation to the Fund, or immediately upon written notice to comply with any law or
regulation with which the Escrow Agent must comply. The Fund may remove the Escrow Agent at any
time by giving thirty (30) calendar days’ prior written notice to the Escrow Agent. Upon such
notice, a successor escrow agent shall be appointed by the Fund who shall provide written notice of
such to the resigning Escrow Agent. Such successor escrow agent shall become the escrow agent
hereunder upon the resignation or removal date specified in such notice. If the Fund is unable to
appoint a successor escrow agent within thirty (30) days after a notice of resignation or removal,
the Escrow Agent may, in its sole discretion, transfer the Escrow Funds to the Fund at the account
provided for in Schedule 1, or may apply to a court of

2

 

competent jurisdiction for the appointment
of a successor escrow agent or for other appropriate relief. The costs and expenses (including its
attorneys’ fees and expenses) incurred by the Escrow Agent in connection with such proceeding shall
be paid by the Fund. Upon receipt of the identity of the successor escrow agent, the Escrow Agent
shall deliver the Escrow Funds then held hereunder to the successor Escrow Agent, less the Escrow
Agent’s fees, costs and expenses or other obligations owed to the Escrow Agent. Upon its
resignation and delivery of the Escrow Funds as set forth in this Section 8, the Escrow Agent shall
be discharged of and from any and all further obligations arising in connection with the Escrow
Funds or this Agreement, provided however, the Escrow Agent shall be entitled to the retain the
rights set forth in Sections 7, 9 and 10 of this Agreement.

          Section 9 Indemnification of Escrow Agent. The Fund or Superfund Capital Management,
Inc. shall indemnify, defend and hold harmless the Escrow Agent and its officers, directors,
employees, representatives and agents, from and against and reimburse the Escrow Agent on demand
for any and all claims, expenses, obligations, liabilities, losses, damages, injuries (to person,
property, or natural resources), penalties, stamp or other similar taxes, actions, suits,
judgments, reasonable costs and expenses (including reasonable attorney’s fees and expenses) of
whatever kind or nature regardless of their merit, demanded, asserted or claimed against the Escrow
Agent directly or indirectly relating to, or arising from, claims against the Escrow Agent by
reason of its participation in the transactions contemplated hereby, including without limitation
all reasonable costs required to be associated with claims for damages to persons or property, and
reasonable attorneys’ and consultants’ fees and expenses and court costs except to the extent
caused by the Escrow Agent’s gross negligence or willful misconduct. The provisions of this
Section 9 shall survive the termination of this Agreement or the earlier resignation or removal of
the Escrow Agent.

          Section 10 The Escrow Agent.

          (a) The duties, responsibilities and obligations of Escrow Agent shall be limited to those
expressly set forth herein and no duties, responsibilities or obligations shall be inferred to or
implied against the Escrow Agent. The Escrow Agent shall not be subject to, nor required to comply
with, any other agreement to which the Fund is a party, even though reference thereto may be made
herein, or to comply with any direction or instruction (other than those contained herein or
delivered in accordance with this Escrow Agreement) from the Fund or any entity acting on the
Fund’s behalf. The Escrow Agent shall not be required to expend or risk any of its own funds or
otherwise incur any liability, financial or otherwise, in the performance of any of its duties
hereunder.

     (b) If at any time the Escrow Agent is served with any judicial or administrative order,
judgment, decree, writ or other form of judicial or administrative process which in any way affects
the Escrow Funds (including but not limited to orders of attachment or garnishment or other forms
of levies or injunctions or stays relating to the transfer of the Escrow Funds), the Escrow Agent
is authorized to comply therewith in any manner it or legal counsel of its own choosing deems
appropriate; and if the Escrow Agent complies with any such judicial or administrative order,
judgment, decree, writ or other form of judicial or administrative process, Escrow Agent shall not
be liable to any of the parties hereto or to any other person or entity even

3

 

though such order, judgment, decree, writ or process may be subsequently modified or vacated or otherwise determined
to have been without legal force or effect.

     (c) The Escrow Agent shall not be liable for any action taken or omitted or for any loss or
injury resulting from its actions or its performance or lack of performance of its duties hereunder
in the absence of gross negligence or willful misconduct on its part, as such is proved in a court
or tribunal of competent jurisdiction. In no event shall the Escrow Agent be liable (i) for acting
in accordance with or conclusively relying upon any instruction, notice, demand, certificate or
document from the Fund or any entity acting on behalf of the Fund, (ii) for any indirect,
cumulative, consequential, punitive or special damages, regardless of the form of action and
whether or not any such damages were foreseeable or contemplated unless such damages arise from the
gross negligence, intentional acts, or willful misconduct of the Escrow Agent, or (iii) for the
acts or omissions of its nominees, correspondents, designees, agents, subagents or subcustodians,
unless the Escrow Agent’s selection of such nominees, correspondents, designees, agents, subagents
or subcustodians of the Escrow Agent involves gross negligence or willful misconduct on part of
the Escrow Agent.

     (d) If any fees, expenses or costs incurred by, or any obligations owed to, the Escrow Agent
or its counsel hereunder are not promptly paid when due, the Escrow Agent may reimburse itself
therefor from the Escrow Funds and may sell, liquidate, convey or otherwise dispose of any
investment in respect of the Escrow Funds for such purpose. The Escrow Agent may in its sole
discretion withhold from any distribution of any interest earned in respect of the Escrow Funds an
amount it believes would, upon sale or liquidation, produce proceeds equal to any unpaid amounts to
which the Escrow Agent is entitled to hereunder.

     (e) The Escrow Agent may consult with legal counsel of its own choosing as to any matter
relating to this Escrow Agreement, and the Escrow Agent shall not incur any liability in acting in
good faith in accordance with any advice from such counsel.

     (f) The Escrow Agent shall not incur any liability for not performing any act or fulfilling
any duty, obligation or responsibility hereunder by reason of any occurrence beyond the control of
the Escrow Agent (including but not limited to any act or provision of any present or future law or
regulation or governmental authority, any act of God or war, civil unrest, local or national
disturbance or disaster, any act of terrorism or the unavailability of the Federal Reserve Bank
wire or facsimile or other wire or communication facility).

     (g) The Escrow Agent shall be entitled to conclusively rely upon any order, judgment,
certification, demand, notice, instrument or other writing delivered to it hereunder without being
required to determine the authenticity or the correctness of any fact stated therein or the
propriety or validity or the service thereof. The Escrow Agent may act in conclusive reliance upon
any instrument or signature believed by it to be genuine and may assume that any person purporting
to give receipt or advice to make any statement or execute any document in connection with the
provisions hereof has been duly authorized to do so.

     (h) The Escrow Agent shall not be responsible in any respect for the form, execution,
validity, value or genuineness of documents or securities deposited hereunder, or for any
description therein, or for the identity, authority or rights of persons executing or delivering or

4

 

purporting to execute or deliver any such document, security or endorsement. The Escrow Agent shall
not be called upon to advise any party as to the wisdom in selling or retaining or taking or
refraining from any action with respect to any securities or other property deposited hereunder.

     (i) The Escrow Agent shall not be under any duty to give the Escrow Funds held by it hereunder
any greater degree of care than it gives its own similar property and shall not be required to
invest any funds held hereunder. Uninvested funds held hereunder shall not earn or accrue
interest.

     (j) At any time the Escrow Agent may request an instruction in writing, in English from the
Fund and may, at its own option, include in such request the course of action it proposes to take
and the date on which it proposes to act, regarding any matter arising in connection with its
duties and obligations hereunder. The Escrow Agent shall not be liable for acting in accordance
with such a proposal on or after the date specified therein, provided that the specified date shall
be at least three (3) Business Days after the Escrow Agent sends such request for instructions and
its proposed course of action to Fund by fax or electronic mail (receipt confirmed) or by overnight
courier, and provided further that, prior to so acting, the Escrow Agent has not received the
written instructions from the Fund to refrain from taking the proposed action.

     (k) When the Escrow Agent acts on any information, instructions, communications, (including,
but not limited to, communications with respect to the delivery of securities or the wire transfer
of funds) sent by telex, facsimile, email or other form of electronic or data transmission, the
Escrow Agent, absent gross negligence as proved in a court or tribunal of competent jurisdiction,
shall not be responsible or liable in the event such communication is not an authorized or
authentic communication of the Fund or is not in the form the Fund sent or intended to send
(whether due to fraud, distortion or otherwise). The Fund shall indemnify the Escrow Agent against
any loss, liability, claim or expense (including legal fees and expenses) it may incur with its
acting in accordance with any such communication.

     (l) In the event of any ambiguity or uncertainty hereunder or in any notice, instruction or
other communication received by the Escrow Agent hereunder, the Escrow Agent may, in its sole
discretion, refrain from taking any action other than to retain possession of the Escrow Funds.
The Escrow Agent may, but is not obligated to, inform the Fund in writing of the ambiguity. If the
Fund provides the Escrow Agent with written instructions which eliminates such ambiguity or
uncertainty, the Escrow Agent shall comply with such written instructions.

     (m) In the event of any dispute between or conflicting claims among the Fund and any other
person or entity with respect to any Escrow Funds, the Escrow Agent shall be entitled, in its sole
discretion, to refuse to comply with any and all claims, demands or instructions with respect to
such Escrow Funds so long as such dispute or conflict shall continue, and the Escrow Agent shall
not be or become liable in any way to the Fund or any other person for failure or refusal to comply
with such conflicting claims, demands or instructions. The Escrow Agent shall be entitled to
refuse to act until, in its sole discretion, either (i) such conflicting or adverse claims or
demands shall have been determined by a final order, judgment or decree of a court of

5

 

competent jurisdiction, which order, judgment or decree is not subject to appeal, or settled by agreement
between the conflicting parties as evidenced in a writing satisfactory to the Escrow Agent or (ii)
the Escrow Agent shall have received security or an indemnity satisfactory to it sufficient to hold
it harmless from and against any and all losses which it may incur by reason of so acting. Any
court order, judgment or decree shall be accompanied by a legal opinion by counsel for the
presenting party, satisfactory to the Escrow Agent, to the effect that said order, judgment or
decree represents a final adjudication of the rights of the parties by a court of competent
jurisdiction, and that the time for appeal from such order, judgment or decree has expired without
an appeal having been filed with such court. The Escrow Agent shall act on such court order and
legal opinions without further question. The Escrow Agent may, in addition, elect, in its sole
discretion, to commence an interpleader action or seek other judicial relief or orders as it may
deem, in its sole discretion, necessary. The costs and expenses (including reasonable attorneys’
fees and expenses) incurred in connection with such proceeding shall be paid by, and shall be
deemed an obligation of, the Fund.

     (n) The Escrow Agent shall have no responsibility for the contents of any writing of the
arbitrators or any third party contemplated herein as a means to resolve disputes and may
conclusively rely without any liability upon the contents thereof.

     (o) The Escrow Agent does not have any interest in the Escrow Funds deposited hereunder but is
serving as escrow holder only and having only possession thereof. The Fund shall pay or reimburse
the Escrow Agent upon request for any transfer taxes or other taxes relating to the Escrow Funds
incurred in connection herewith and shall indemnify and hold harmless the Escrow Agent from any
amounts that it is obligated to pay in the way of such taxes. Any payments of income from this
Escrow Account shall be subject to withholding regulations then in force with respect to United
States taxes. The Fund will provide the Escrow Agent with appropriate W-9 forms for tax
identification number certifications, or W-8 forms for non-resident alien certifications. This
paragraph shall survive notwithstanding any termination of this Escrow Agreement or the resignation
or removal of the Escrow Agent.

     (p) The Escrow Agent shall provide to the Fund monthly statements identifying transactions,
transfers or holdings of Escrow Funds and each such statement shall be deemed to be correct and
final upon receipt thereof by the Fund unless the Escrow Agent is notified in writing, by the Fund,
to the contrary within thirty (30) business days of the date of such statement.

     (q) The Fund shall deliver to the Escrow Agent a list of authorized signatories, as set forth
in the attached Schedule 2 hereto, with respect to any notice, certificate, instrument, demand,
request, direction, instruction, waiver, receipt, consent or other document or communication
required or permitted to be furnished to the Escrow Agent hereunder, and the Escrow Agent shall be
entitled to rely on such list with respect to any party until a new list is furnished by such party
to the Escrow Agent. Furthermore, in the event funds transfer instructions are given (other than
in writing at the time of execution of this Agreement), whether in writing, by fax or otherwise,
the Escrow Agent is authorized to seek confirmation of such instructions by telephone call-back to
the person or persons designated on Schedule 3 hereto, and the Escrow Agent may rely upon the
confirmations of anyone purporting to be the person or

6

 

persons so designated. The persons and telephone numbers designated for such call-backs may be changed only in a writing actually received
by the Escrow Agent.

Section 11.Miscellaneous.

          (a) This Agreement embodies the entire agreement and understanding among the parties relating
to the subject matter hereof.

          (b) This Agreement shall be governed by and construed in accordance with the laws of the State
of New York without reference to the principles of conflict of laws.

          (c) Each of the parties hereto hereby irrevocably consents to the jurisdiction of the courts
of the State of New York and of any Federal Court located in the Borough of Manhattan in such State
in connection with any action, suit or other proceeding arising out of or relating to this
Agreement or any action taken or omitted hereunder, and waives any claim of forum non conveniens
and any objections as to laying of venue. Each party further waives personal service of any
summons, complaint or other process and agrees that service thereof may be made by certified or
registered mail directed to such person at such person’s address for purposes of notices hereunder.

          (d) Unless otherwise provided herein, all notices and other communications under this
Agreement shall be in writing in English and shall be deemed given when delivered personally, on
the next Business Day after delivery to a recognized overnight courier or upon receipt when mailed
first class (postage prepaid)or when sent by facsimile to the parties (which facsimile copy shall
be followed, in the case of notices or other communications sent to the Escrow Agent, by delivery
of the original) at the following addresses (or to such other address as a party may have specified
by notice given to the other parties pursuant to this provision):

If to the Fund, to:

Quadriga Superfund, L.P.

c/o Superfund Capital Management, Inc.

Otway Building

P.O. Box 1479

Grand Anse

St. George’s, Grenada

West Indies

Facsimile: (473) 439-2419

with a copy to:

Superfund Asset Management, Inc.

489 Fifth Avenue

7

 

New York, NY 10017

ATTN: Fund Administration

Fascsimile: (212) 750-2206

If to the Escrow Agent, to:

HSBC Bank USA, National Association

452 Fifth Avenue

New York, NY 10018

Facsimile: (212) 525-1300

Attention: Corporate Trust and Loan Agency

          (e) The headings of the Sections of this Agreement have been inserted for convenience and
shall not modify, define, limit or expand the express provisions of this Agreement.

          (f) This Agreement and the rights and obligations hereunder of parties hereto may not be
assigned except with the prior written consent of the other parties hereto. This Agreement shall
be binding upon and inure to the benefit of each party’s respective successors and permitted
assigns. Except as expressly provided herein, no other person shall acquire or have any rights
under or by virtue of this Agreement. This Agreement is intended to be for the sole benefit of the
parties hereto, and (subject to the provisions of this Section 11(f)) their respective successors
and assigns, and none of the provisions of this Agreement are intended to be, nor shall they be
construed to be, for the benefit of any third person.

          (g) This Agreement may not be amended, supplemented or otherwise modified without the prior
written consent of the parties hereto.

          (h) The Escrow Agent makes no representation as to the validity, value, genuineness or the
collectability of any security or other document or instrument held by or delivered to it.

          (i) The Escrow Agent shall not be called upon to advise any party as to the wisdom in selling
or retaining or taking or refraining from any action with respect to any securities or other
property deposited hereunder.

          (j) This Agreement may be executed in two or more counterparts, each of which shall be an
original, but all of which together shall constitute one and the same instrument.

          (k) The rights and remedies conferred upon the parties hereto shall be cumulative, and the
exercise or waiver of any such right or remedy shall not preclude or inhibit the exercise of any
additional rights or remedies. The waiver of any right or remedy hereunder shall not preclude the
subsequent exercise of such right or remedy.

          (l) The Fund hereby represents and warrants (i) that this Escrow Agreement has been duly
authorized, executed and delivered on its behalf and constitutes its legal, valid

8

 

and binding
obligation and (ii) that the execution, delivery and performance of this Escrow Agreement by the
Fund does not and will not violate any applicable law or regulation.

          (m) The invalidity, illegality or unenforceability of any provision of this Escrow Agreement
shall in no way affect the validity, legality or enforceability of any other provision; and if any
provision is held to be unenforceable as a matter of law, the other provisions shall not be
affected thereby and shall remain in full force and effect.

          (n) No printed or other material in any language, including prospectuses, notices, reports,
and promotional material which mentions “HSBC Bank USA, National Association” or any affiliates by
name or the rights, powers, or duties of the Escrow Agent under this Escrow Agreement shall be
issued by any other parties hereto, or on such party’s behalf, without the prior written consent of
the Escrow Agent. The Escrow Agent hereby consents to mention of HSBC Bank USA, National
Association” in the Fund’s prospectus.

          (o) For purposes of this Agreement, “Business Day” shall mean any day that is not a Saturday
or Sunday or a day on which banks are required or permitted by law or executive order to be closed
in the City of New York.

          (p) For purposes of sending and receiving instructions or directions hereunder, all such
instructions or directions shall be, and the Escrow Agent may conclusively rely upon such
instructions or directions, delivered, and executed by representatives of the Fund designated on
Schedule 2 attached hereto and made a part hereof (each such representative, an “Authorized
Person”) which such designation shall include specimen signatures of such representatives, as such
Schedule I may be updated from time to time.

          (q) The provisions of Sections 8, 10 and 11 shall survive the termination of this Escrow
Agreement or the earlier resignation or removal of the Escrow Agent.

          IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the day and year
first above written.

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Roman Gregorig
	 	 
	 

	 	 	 	Title: Vice President, Superfund Capital	 	 
	 

	 	 	 	Management, Inc., General Partner of Superfund	 	 
	 

	 	 	 	Gold, L.P.	 	 
	 
	 	 	 	 	 	 
	 

	 	(Superfund Gold, L.P.)	 	 

9

 

	 	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name: Roman Gregorig
	 	 
	 

	 	 	 	Title: Vice President	 	 
	 
	 	 	 	 	 	 
	 

	 	(Superfund Capital Management, Inc.)	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 

	 	 	 	 

Name:
	 	 
	 

	 	 	 	Title:	 	 
	 
	 	 	 	 	 	 
	 

	 	(HSBC Bank USA, National Association)	 	 

10

 

Schedule 1

Bank Name:

ABA#:

Account#

Account name:

11

 

Schedule 2

Authorized Representatives

	 	 	 	 	 
	Name	 	Title	 	Specimen Signature
	Roman Gregorig

	 	Vice President & Director	 	 
	 

	 	Superfund Capital Management	 	 
	 

	 	General Partner of the Fund	 	 

 

 

EXHIBIT A

Schedule 3

	 	 	 
	

	 	452 Fifth Avenue, New York, New York, 10018

Payment Order Authorization Form

	 	 	 	 	 
	Account Name:

	 	 	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 

	 	 	 	 
	 
	 	 	 	 
	Account Number(s):
	 	 	 	 
	 

	 	 	 	 
	 
	 
	 	 	 	 
	 

	 	 	 	 

By signing this form, the Customer authorizes the Authorized Contacts listed below to issue, amend
and cancel payment orders on behalf of the Customer, unless Call Back Only authorization is
indicated.

	 	 	 	 	 	 	 	 
	By:
	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 

	 	 

(Signature of an Authorized Officer of the Customer)
	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	 

	 	 
	 	 
	 

	 	 

(Print Name)
	 	 	 	 	 
	 
	 	 	 	 	 	 	 
	Title:

	 	 	 	Date:  	 	 	 
	 

	 	 
	 	 	 	 

Authorized Contacts

	 	 	 	 	 	 	 
	 	 	 	 	 	 	Call Back Only
	Name	 	Signature	 	Phone Number	 	(Check if Yes)
	 
	 

	 	 

	 	 

	 	o
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	o
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	o
	 
	 	 	 	 	 	 
	 

	 	 

	 	 

	 	o

 

 

Exhibit A

Subscription Agreement

 

 

Exhibit B

Escrow Agent Fees

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