Incredimail 2011 Annual Report Download - page 158

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(e) (i) Promptly following the final determination of the amount of the Contingent Payment pursuant to Section 1.13 of the Merger
Agreement, Purchaser shall transfer such amount, if any, to the Paying Agent. Ninety percent (90%) of each of the cash and Founder Share Consideration of the
Contingent Payment, if any, shall be distributed by the Paying Agent to the Participating Securityholders, and the balance shall be added to the Escrow Fund and shall
be held by the Paying Agent, acting in its capacity as escrow agent pursuant to the Escrow Agreement, and applied for the payment of indemnification obligations
under Article 10 hereof, provided, however, that the amount of the Contingent Payment to be added to the Escrow Fund shall be reduced (and distributed instead to the
Participating Securityholders) to the extent that the Deferred Payment was reduced pursuant to Section 10.7(a) below. Promptly following the payment of the
Contingent Payment, if any, but in no event later than three Business Days thereafterthe Paying Agent shall cause each Participating Securityholder to receive its
portion of the distributable portion of the Contingent Payment, which shall equal the product of the distributable portion of the Contingent Payment multiplied
by such
Participating Securityholder’
s Consideration Fraction, less any required Tax withholdings (it being understood that any amounts to be distributed in respect of any
Option Amount shall be delivered by the Paying Agent to Purchaser and Purchaser shall cause such amounts, less applicable withholding Taxes, to be disbursed to the
applicable Optionholder).
8