Agenda Packets - 1986/05/19 - Laserfiche WebLink

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U114NHtIMtx WUill FDSTtA SHEPARD AND DONNELLY Ncrth Suburban Cable Commissior April 28, 1906 Page Two the stock of Group W. Sometime before the end of June of 1986 (hereinafter referred to as the 'closing•) the Buyers are jointly and severally obligated to close the purchase of Group W's stock from Westinghouse subject to the terms and conditions of a purchase agreement dated as of December 23, 1985 ('Purchase Agreement*). Upon the closing, the stock of Group W will be apportioned among and owned by the Buyers in the following approximate proportions: TCIH and its affiliates or assignees 32.6► ATC and its affiliates or assignees 26.4% comcast and its affiliates or assignees 25.41 Century and its affiliates or assignees 12.0► Daniels end its affiliates or assignees 3.6► 100.0► The Buyers have aqreed that, upon the closing, they will elect the following individuals to serve as the Board of Directors of Group W: Presently an Name offirpr of: Office Held Thomas W. Binning ATC Executive Vice President Stewart Blair TCIH Senior Vice President Julian A. Brodsky Comcast Senior Vice President Thomas A. Marinkcvich Daniels ?resident Leonard Tow Century President After the closing, Group W will be supervised by the Board of Directors specified above and each Buyer will have primary operational responsitiiity for a group of cable systems which it has agreed to subsequently purchase, or trarsfer to other parties, pursuant to the Purchase Agreement. The six suburban Twin Cities systems currently owned by Group W, including the North Suburban cable system (the 'System'), have been allocated to Daniels. Daniels has assigned its interests in those systems to Daniels -Hauser Holding Company ('D-H Holdings'), a Colorado general partnership consisting of Daniels i Associates, Inc. and North Central Cable Communications Company L.P. as general partners. North Central Cable Communications Company L.P. ('North Central') is a Minnesota limited partnership consisting