Adrian Dayton

So I had a big incentive to do great in year one.

But then the thing is, if they hit the number in year two, I still get the money because it's based on my stock ownership, not on my participation.

Tell me, explain what that means.

Okay.

So because I owned whatever, 60% of the company, as a shareholder, the way the deal was structured, all the shareholders got a first and second year earn out based on the performance of the company.

When it's sold, right.

And they bought 100% of it.

But as a shareholder, I had rights that as long as we hit our EBITDA target in 2021, EBITDA target in 2022, which we haven't done yet, but they're on track, right?

It's like that I'm going to get this piece.

Interesting.

Well, so I had the option to roll in whatever money I wanted into the private equity fund.

And so I opted to take a chunk of that and roll it into the private equity firm.

And when they have a recapitalization event, then I'll get a second bite of the apple.

Well, it's not a true private equity firm.

It's really a family office that buys up companies and recaps them every few years.

So it's a cool model.

Yeah, yeah.

So I have the same terms as all of the other kind of LPs or whatever.

Yeah.

So you're within 15% of all my numbers.