The document outlines various agreements related to a corporate spin-off, including a services agreement, employee matters agreement, and a subordinated loan facility with IAC. The services agreement involves IAC providing legal, finance, IT, and other services to the new entity. The employee matters agreement addresses compensation and benefits, with IAC retaining liabilities for its employees and the new entity assuming liabilities for its employees. The subordinated loan facility allows the new entity to borrow funds from IAC, with terms subordinated to other credit obligations.
documents/EFTA01378057.pdf
{}