DERIVATIVE PLAINITFFS QUANTEC, LLC, IGUANA CONSULTING, LLC, AND NOVO POINT, LLC ORIGINAL
PETITION IN INTERVENTION -
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Agreement on behalf of the entities referenced in this paragraph. As part of the purchase,
Quantec, Iguana, and Novo Point, respectively, agreed to make an initial capital
contribution of Ten Thousand Dollars ($10,000) to Four Points, and also agreed to pay a
subscription fee of Thirteen Thousand Three Hundred Fifty Dollars ($13,350) to Four
Points. They also agreed to pay Marshden, as the general partner of Four Points, an
ongoing management fee equal to a percentage of the net taxable income generated by
the Partners’ business on a sliding scale from one percent (1%) to three percent (3%).
6.09 On December 30, 2005, Manila sold to HCB, LLC (USVI) n/k/a Simple
Solutions, which is wholly-owned by Four Points, approximately 529,000 domain names
in exchange for a promissory note secured by the domain names.
6.10 On December 30, 2005, Ondova sold to Macadamia Management, LLC
(USVI) n/k/a Blue Horizons, which is wholly-owned by Four Points, all of its
approximately 2,500 domain names and all referral fee agreements in existence at the
time, in exchange for a promissory note secured by the domain names and the referral fee
agreements.
6.11 On December 30, 2005, Netsphere sold to RIM n/k/a Search Guide, which
is wholly-owned by Four Points, all of its interest in its search engine intellectual
property in exchange for a promissory note secured by the search engine intellectual
property.
6.12 Four Points owns one hundred percent (100%) of Simple Solutions, Blue
Horizons, and Search Guide. This fact is important for two reasons. First, Ondova,
Manila, and Netsphere sold their assets to these three companies. Second, the Trusts own
limited partnership interests in Four Points through their ownership of Quantec, Iguana,
USCA5 859