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8/8/2019 Branca Letter Excerpt
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'- 2TFTnEN, BR.ITTENHAM. BRANCA. FISCHER, CILBERT-LURIE 8 STIFFELMAN I.I-Ptgot cENTUia "o*ro WEST . LOS ANG6LE5, CALTFORNTA 90067-6406JOHN G. BRANCAPAUL L. BRINDZEHARRY M, BRITTENHAMSTEVEN H, BURKOWJAMEY COHENSTEPHEN B. ESPINOZASAMUEL FISCHERCLI FFORD GILBERT-LURIEKATHLEEN HALLBERG\^tlENOY HELLER
MATTHE\JV M. JOHNSONDAVIO LANOEOENNIS LUOERERDAVIO NOCHIMSONP.J. SHAPIROGARY STIFFELMANMITCHELL TENZERBRYAN WOLFJAMIE YOUNGKENNETH ZIFFREN
PHONE: (3lO) 55a-338eFAX: (3lol 553-7068MELANIE COOKALAN J. LEVINEOF COUNSEL
July 28, 2003
Mr. Charles KoppelmanC.A.K. Entertainment, Inc.37 E. 64th St.Suite 1607New York, NY 10021
RE: Michael Jackson/Goldman Sachs AgreementDear Charles:
8/8/2019 Branca Letter Excerpt
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Mr. Charles KoppelmanJulyJ8,2003PageZ
6. It needs to be clarified that, in the event of a liquidity event or exercise of the Put,n- k^Ahere will be sufficient cash disnibuted from the venture to cover Michael's obligations,n ilorlF^cluding tax obiigations, direct payment of this firm's 5Yo andany other obligation Michaelnll,ilVt'? may have as a result of a liquidity event or exercise of the Put. Similarly an exit strategy'-r/ / venture.
I look forward to discussing this with you.
JGB/laCc: Alvin Malnik
John McClainZia Modabber, Esq.Rene Ghadimi, Esq.Karen Langford
IGB -An2A06Ltts99.0