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Bender Stock REUS REBV MB Parent
Common stock
Shares owned 792 198 --
Percentage of class 80% 20% --
Percentage of vote 16% 4% --
Voting preferred stock
Shares owned -- -- 3,960
Percentage of class -- -- 100%
Percentage of vote -- -- 80%
Participating preferred stock
Shares owned -- -- 10
Percentage of class -- -- 100%
Percentage of vote -- -- --
C. Capitalization of LBI (the LLC)
Pursuant to section 9.b. of the LBI LLC agreement, Times
Mirror became the manager of LBI immediately following when the
merger of MergerSub with and into Bender became effective. As of
that time, Lexis informed Mellon Trust and Bank of America that
Times Mirror had replaced Lexis as manager of LBI and that they
were to take instructions directly from Times Mirror on any
administrative and operational aspects relating to LBI’s bank
accounts.
Immediately following Times Mirror’s appointment as manager
of LBI, MB Parent contributed $1.375 billion to LBI. MB Parent
transferred the $1.375 billion from the MB Parent Citibank
account to a bank account that LBI maintained at Citibank (LBI
Citibank account). The $1.375 billion was then transferred from
the LBI Citibank account to a bank account that LBI maintained at
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