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Exhibit (c)(16)

 

 

DRAFT1 1 P.Virgil – Selected deal workstreams and assignments General Workstream Specific Workstream / Task Management FT Partners Barclays Notes Due Diligence Initial Materials & VDR Preparation R R C ? Management & FT Partners finalized VDR; Barclays reviewed all VDR files and provided comments that were reflected in the VDR content available at launch Ongoing Diligence Management R R R ? Management, FT Partners, and Barclays collaborating for efficient diligence responses General VDR Management A R R ? FT Partners and Barclays manage finalizing of files for diligence, posting to VDR, and access / permission of external parties to VDR Process for Soliciting & Selecting Non- Binding Bids Send Bid Letters I R R ? FT Partners sent, copying Barclays Management Meetings R A A ? FT Partners and Barclays attending all calls / meetings Ongoing Process Communications w/ Buyers I R R ? FT Partners and Barclays share lead of buyer communications, calls, email correspondence, etc. Receiving & Reviewing Bids I R R ? Bidders have been asked to send bids to FT Partners and Barclays ? FT Partners & Barclays to review proposals and advise Company BoD, including independently providing valuation data points and context Supporting Negotiations of Non-Binding Bids I R R ? FT Partners and Barclays to share lead of communication directly with bidder(s) regarding non-binding bids Advising on Selection of Buyer(s) to Advance C R R ? FT Partners and Barclays to advise Company BoD on selection of buyer(s) to advance Confirmatory Diligence & Negotiation of Final Deal Terms Negotiating Final Deal Terms A A A ? FT Partners and Barclays to negotiate directly with final bidder(s) with script agreed upon with the Company BoD Definitive Documentation A C C ? FT Partners and Barclays to support legal counsel regarding definitive documentation where relevant Responsible Accountable Consulted Informed RACI Matrix Legend