APL Spectrum Acquisition
EX-10.5B 6 dex105b.htm AMENDMENT TO LETTER AGREEMENT Amendment to Letter Agreement
Exhibit 10.5(b)
Exhibit A
APL – Spectrum Acquisition
Acquisition Look Back Example For Employment Agreement
| Most recent quarterly distribution | 0.63 | |||
| Multiplied by four | 4 | |||
| Annualized distribution | $ | 2.52 | ||
| Closing price of APL common unit on 12/31/2008 | $ | 38.00 | ||
| Yield (distribution/Closing price) | 7.20 | % | ||
| Distributed Cash Flow generated by acquisition during the 12 months ended 12/31/2008 | $ | 10,000,000 | ||
| Imputed Value (Dist Cash Flow / Yield) | $ | 138,888,889 | ||
| Incentive % | 1.50 | % | ||
| Incentive amount (Imputed value * Incentive %) | $ | 2,083,333 | ||
| # of units issued (Incentive amount / unit price) | 59,524 | |||
