The document discusses the potential conflicts of interest and financial obligations between IAC and its subsidiary, particularly in relation to tax liabilities and stock transactions. It outlines the tax sharing agreement that requires the subsidiary to indemnify IAC for certain tax liabilities and restricts the subsidiary's ability to engage in certain transactions to preserve tax-free status. The document also highlights the risks associated with IAC's potential sale or distribution of shares, the adequacy of services provided by IAC post-IPO, and the impact of indebtedness on the subsidiary's operations.
documents/EFTA01377986.pdf
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