SEC Contract Filing

Filing Date: 2020-08-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.12
<SEQUENCE>5
<FILENAME>exhibit1012clny2020q2.htm
<DESCRIPTION>EXHIBIT 10.12
<TEXT>
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<div><a name="s1432366DB493A6CFFB2DC50A27B2748A"></a></div><div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;font-weight:bold;">Exhibit 10.12</font></div><div style="line-height:120%;text-align:right;font-size:11pt;"><font style="font-family:inherit;font-size:11pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">EXECUTION VERSION</font></div></div><div><br></div><div style="line-height:120%;padding-bottom:16px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">ASSIGNMENT AND CONTRIBUTION AGREEMENT</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:49px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">THIS ASSIGNMENT AND CONTRIBUTION AGREEMENT (this &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;) is entered into on and effective as of July 22, 2020, by and among Marc Ganzi (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Ganzi</font><font style="font-family:inherit;font-size:12pt;">&#8221;), Ben Jenkins (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Jenkins</font><font style="font-family:inherit;font-size:12pt;">&#8221;), MCG ANALOG, LLC (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">MCG Analog</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the GANZI EXTENDED FAMILY TRUST (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Ganzi Trust</font><font style="font-family:inherit;font-size:12pt;">&#8221;), BJJ ANALOG, LLC (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">BJJ Analog</font><font style="font-family:inherit;font-size:12pt;">&#8221;), DB Aviator Manager Rollover Holdings, L.P. (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Rollover Holdings</font><font style="font-family:inherit;font-size:12pt;">&#8221;), DCR YieldCo Holdings, LP (&#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">DCR Holdings</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and DCR and Aviator Holdings GP, LLC, in its capacity as general partner of DCR Holdings (the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">General Partner</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Ganzi, Jenkins, MCG Analog, BJJ Analog, Rollover Holdings, DCR Holdings, and the General Partner are sometimes individually referred to in this Agreement as a &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Party</font><font style="font-family:inherit;font-size:12pt;">,&#8221; and, collectively, as the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Parties</font><font style="font-family:inherit;font-size:12pt;">.&#8221;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, as of the date hereof, each of Ganzi and Jenkins holds Class A Units in DCR Holdings (as to each of Ganzi and Jenkins, his &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Class A Units</font><font style="font-family:inherit;font-size:12pt;">&#8221;) in the amounts set forth on </font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">Schedule A</font><font style="font-family:inherit;font-size:12pt;">&#32;hereto; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, as of the date hereof, (a) MCG Analog is wholly-owned by Ganzi, (b) BJJ Analog is wholly-owned by Jenkins, and (c) Ganzi is the trustee of the Ganzi Trust; </font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, as of the date hereof, (a) MCG Analog, the Ganzi Trust and BJJ Analog are each limited partners of Rollover Holdings and (b) Rollover Holdings is a limited partner of DCR Holdings;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, (a) Ganzi wishes to contribute and assign (x) 58.580000 of his Class A Units to the Ganzi Trust, and (y) the remainder of his Class A Units to MCG Analog and (b) Jenkins wishes to contribute and assign 100% of his Class A Units to BJJ Analog (collectively, the &#8220;</font><font style="font-family:inherit;font-size:12pt;text-decoration:underline;">First Contribution</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and each of MCG Analog, the Ganzi Trust and BJJ Analog is willing to accept the contribution and assignment of such Class A Units;</font></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">WHEREAS, immediately following the First Contribution, each of MCG Analog, the Ganzi Trust and BJ