DigitalBridge Group, Inc 8-K, filed Dec 22, 2022

DigitalBridge Group, Inc. (DBRHP)

8-K 2022-12-22 For: 2022-12-19

Added on April 05, 2026

About this 8-K

DigitalBridge Group, Inc filed this 8-K on December 22, 2022, reporting on events of December 19, 2022.



☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))



Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

	Emerging growth company	☐

	If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.	☐


Date:	December 22, 2022	DIGITALBRIDGE GROUP, INC.

		By:	/s/ Jacky Wu
			Jacky Wu
			Executive Vice President and Chief Financial Officer


		Page

1.	DEFINITIONS; CERTAIN RULES OF CONSTRUCTION	2
1.1.	Definitions	2
2.	THE PURCHASE AND SALE TRANSACTIONS; THE CLOSING	27
2.1.	Purchase and Sale of the Transferred Interests	27
2.2.	Closing	27
2.3.	Closing Deliveries	27
2.4.	Purchase Price Adjustment	30
2.5.	Post-Closing Payments	34
3.	WITHHOLDING	36
3.1.	Withholding	36
4.	REPRESENTATIONS AND WARRANTIES OF THE SELLER	37
4.1.	Organization	37
4.2.	Power and Authority	37
4.3.	Authorization of Governmental Authorities	37
4.4.	Non-contravention	38
4.5.	Transferred Interests	38
4.6.	Environmental Matters	38
4.7.	Brokers	38
4.8.	ERISA	38
4.9.	Organization of Target Group Members	39
4.10.	Capitalization; Subsidiaries	39
4.11.	Financial Matters	40
4.12.	Absence of Undisclosed Liabilities; Limited Purpose	40
4.13.	Absence of Certain Developments	41
4.14.	Ownership of Assets	41
4.15.	Intellectual Property	42
4.16.	Material Contracts	44
4.17.	Legal Compliance; Permits; Registrations	48
4.18.	Litigation; Outstanding Orders	49
4.19.	Advisory Clients	50
4.20.	Investment Adviser Subsidiaries and Alternative Investment Fund Managers	53
4.21.	Tax Matters	54
4.22.	Employee Benefit Plans	58
4.23.	Employment Matters	60
4.24.	Affiliate Transactions	61
4.25.	Insurance	62


4.26.	Debt	62
4.27.	Real Property	62
4.28.	Restrictive Covenants	62
4.29.	Austrian Investment Control Act	62
4.30.	Disclaimer of Other Representations and Warranties	62
5.	REPRESENTATIONS AND WARRANTIES OF THE BUYER	63
5.1.	Organization	63
5.2.	Power and Authority	63
5.3.	Authorization of Governmental Authorities	64
5.4.	Non-contravention	64
5.5.	Litigation	64
5.6.	Availability of Funds	64
5.7.	Acquisition for Investment	64
5.8.	No Brokers	65
5.9.	CFIUS	65
5.10.	Due Diligence Review	65
5.11.	Disclaimer of Other Representations and Warranties	66
6.	COVENANTS	66
6.1.	Operation of the Business	66
6.2.	Commercially Reasonable Efforts	70
6.3.	Press Releases and Public Announcements	72
6.4.	Access to Information	73
6.5.	Further Assurances	74
6.6.	Fees and Expenses	75
6.7.	Exclusivity	75
6.8.	Assignment Consents	75
6.9.	Post-Closing Access to Books and Records	76
6.10.	Tax Matters	77
6.11.	Contributions to Campaigns or Political Action Committees	81
6.12.	Notice of Developments	81
6.13.	Statutory Reports	82
6.14.	Non-Compete; Non-Solicit	83
6.15.	Change of Name	85
6.16.	Preservation of Rights	86
6.17.	Intercompany Agreements	86
6.18.	[Reserved]	87
6.19.	Use of Track Record	87
6.20.	Lease Obligations	87
6.21.	Reorganization	87
6.22.	Carried Interest Payment	88
6.23.	Third Party Valuation Firm	89


			DIGITALBRIDGE GROUP, INC.
			(Exact Name of Registrant as Specified in Its Charter)


7.	CLOSING CONDITIONS	90
7.1.	Mutual Closing Conditions	90
7.2.	Closing Conditions of the Buyer	91
7.3	Closing Conditions of the Seller	92
7.4.	Frustration of Closing Conditions	92
8.	EMPLOYEES	92
9.	TERMINATION AND REMEDIES	95
9.1.	Termination of Agreement	95
9.2.	Effect of Termination	96
10.	INDEMNIFICATION	96
10.1.	Indemnification by the Seller	96
10.2.	Third-Party Claims	99
10.3.	Direct Claims	100
10.4.	Tax Effect of Indemnification Payments	100
10.5.	Tax Indemnification	100
10.6.	Certain Limitations on Indemnification	101
10.7.	Exclusive Remedy	102
10.8.	No Special Damages	102
11.	GOODS AND SERVICES TAX	102
11.1.	Interpretation	102
11.2.	GST Gross Up	102
11.3.	Adjustment Events	103
11.4.	Reimbursements	103
11.5.	Separate Supply and Attribution	103
11.6.	Calculation of Payment	103
11.7.	VAT	103
12.	MISCELLANEOUS	105
12.1.	Release	105
12.2.	Notices	106
12.3.	Succession and Assignment; No Third-Party Beneficiary	108
12.4.	Amendments and Waivers	108
12.5.	Entire Agreement	108
12.6.	Counterparts; Electronic Signature	108
12.7.	Severability	108
12.8.	Headings	109
12.9.	Construction	109
12.10.	Specific Performance	109
12.11.	Governing Law	109
12.12.	Jurisdiction; Venue; Service of Process	109
12.13.	Waiver of Jury Trial	110
12.14.	Non-Recourse	110


AMP CAPITAL INVESTORS INTERNATIONAL HOLDINGS LIMITED (ACN 114 352 957) in accordance with section 127 of the Corporations Act 2001:
/s/ Brendan Michael O'Brien						/s/ James Georgeson
Signature of Director						Signature of Director/Company Secretary
Brendan Michael O'Brien						James Georgeson
Name of Director in full						Name of Director/Company Secretary in full


AMP GROUP HOLDINGS LIMITED (ACN 079 804 676) in accordance with section 127 of the Corporations Act 2001:
/s/ James Georgeson						/s/ Leanne Gray
Signature of Director						Signature of Director/Company Secretary
James Georgeson						Leanne Gray
Name of Director in full						Name of Director/Company Secretary in full


DIGITALBRIDGE INVESTMENT HOLDCO, LLC
By:	/s/ Jacky Wu
	Name:	Jacky Wu
	Its:	Vice President and Treasurer

DIGITALBRIDGE OPERATING COMPANY, LLC
By:	/s/ Jacky Wu
	Name:	Jacky Wu
	Its:	Vice President and Treasurer