--000000000000b41b7905dbfc670b Content-Type: text/plain; charset="UTF-8" Thank you Lucas. James On Wed, Apr 6, 2022 at 8:53 AM Timothy Thomas wrote: > Ok, thanks Lucas. > > On Tue, Apr 5, 2022 at 8:42 PM Lucas Motro wrote: > >> Hi James, Timothy, >> >> I don't believe that we ever explicitly discussed, but want to remind >> that Matt V and Angie K are going through a modest labor investigation that >> relates to underpayment of pandemic pay in 2021. Details are in the >> diligence folder. Changes to fix the issue were made September 2021. We >> expect the penalty to be $50-100k, but for conservatism, we required a much >> larger and longer holdback than is typical for this deal. >> >> The implications for you: >> >> 1. We need to flag any costs related to the investigation so that >> they can be paid or reimbursed by the Sellers and so that Greg knows to >> include these as an adjustment not to hit EBITDA >> 2. We are indemnified and can make a claim at any time for all >> related costs, including both the penalty itself and any costs related to >> conducting the investigation, which is being self-administered >> 3. When the penalty is finalized and due, please loop me in. >> >> Thanks, let me know if any questions. >> >> Lucas >> >> -- >> Lucas Motro >> Director of Corporate Development >> *Please note my email has changed:* >> lmotro@homecareassistance.com >> TheKey.com >> >> [image: TheKey] >> >> > > > -- > > Timothy Thomas > Head of Canada Division > Home Care Assistance > Office: 514-907-5065 > Fax: 514-221-4265 > 4464 Ste Catherine West > Westmount, QC, H3Z1R7 > HomeCareAssistanceMontreal.ca > --- > Read Our Testimonials > > We Are Hiring! > > > Champions of Longevity > --000000000000b41b7905dbfc670b Content-Type: text/html; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Thank you Lucas.=C2=A0 James On We= d, Apr 6, 2022 at 8:53 AM Timothy Thomas < tt@homecareassistance.com > wrote: Ok, thanks Lucas. O= n Tue, Apr 5, 2022 at 8:42 PM Lucas Motro < lmotro@thekey.com > wrote: Hi James, Timot= hy, I don't believe that we ever explicitly discusse= d, but want to remind that Matt V and Angie K are going through a modest la= bor investigation that relates to underpayment of pandemic pay in 2021. Det= ails are in the diligence folder. Changes to fix the issue were made Septem= ber 2021. We expect the penalty to be $50-100k, but for conservatism, we re= quired a much larger and longer holdback than is typical for this deal. The implications for you: We need t= o flag any costs related to the investigation so that they can be paid or r= eimbursed by the Sellers and so that Greg knows to include these as an adju= stment not to hit EBITDA We are indemnified and can make a claim at= any time for all related costs, including both the penalty itself and any = costs related to conducting the investigation, which is being self-administ= ered When the penalty is finalized and due, please loop me in.= =C2=A0 Thanks, let me know if