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Memo Regarding Florabama Energy Venture Between Meyer Inc and Saban Company

2023-12-23 16:25:18

Memorandum of Understanding: March 17, 2013 Posted by: Chief Financial Officer Posted by: Topic: Florabama Variable Interest Rate Analysis The purpose of this memo is Ferrabama Energy Company, co-financed by Meyer Inc. with Saban in February 2011. Meyer Inc. is to analyze. With 60% investment by Florabama, Saban has the remaining 40%. Profits are allocated based on ownership percentage. With this arrangement, Saban can purchase up to 20% of the power produced by Florabama for a fee. Depending on the nature of the business and the level of risk equity investment, Florabama is considered a variable interest entity (VIE) for financial reporting purposes.

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