The Company has entered into Founders Agreements and, in some cases, Exchange Agreements with certain of its subsidiaries as described in the Company’s Form 10-K for the year ended December 31, 2017, filed with the SEC on March 16, 2018. The following table summarizes, by subsidiary, the effective date of the Founders Agreements and PIK dividend or equity fee payable to the Company in accordance with the terms of the Founders Agreements, Exchange Agreements and the subsidiaries’ certificates of incorporation.

 

Fortress Company		Effective Date  (1)		PIK Dividend as a % of fully diluted outstanding capitalization			Class of Stock Issued
Helocyte		March 20, 2015			2.5	%	Common Stock
Avenue		February 17, 2015			2.5	%	Common Stock
Mustang		March 13, 2015			2.5	%	Common Stock
Checkpoint		March 17, 2015			0.0	% (2)	Common Stock
Cellvation		October 31, 2016			2.5	%	Common Stock
Caelum		January 1, 2017			2.5	%	Common Stock
Cyprium		March 13, 2017			2.5	%	Common Stock
Aevitas		July 28, 2017			2.5	%	Common Stock
Tamid		November 30, 2017 (3)			2.5	%	Common Stock

 

(1) - Represents the effective date of each subsidiary’s Founders Agreement. Each PIK dividend and equity fee is payable on the annual anniversary of the effective date of the original Founders Agreement.

 

 

(3) - Represents the Trigger Date.