Attached files
file | filename |
---|---|
8-K - FORM 8-K - REYNOLDS AMERICAN INC | d456575d8k.htm |
EX-99.1 - PRESS RELEASE - REYNOLDS AMERICAN INC | d456575dex991.htm |
EX-99.2 - TERM SHEET - REYNOLDS AMERICAN INC | d456575dex992.htm |
Exhibit 99.3
Direct Number: (312) 269-4368 | ||
eleibenstein@jonesday.com |
JP015026:ehd 629000-605003 |
December 17, 2012 |
VIA E-MAIL
Bradford Phelps
Chief Deputy Attorney General
State of Arkansas, Office of Attorney General
323 Center Street, Suite 200
Little Rock, AR 72201
bradford.phelps@arkansas.gov
David D. Cookson
Chief Deputy Attorney General
State of Nebraska, Office of Attorney General
2115 State Capitol
Lincoln, NE 68509
david.cookson@nebraska.gov
Re: | Term Sheet for Settlement of the NPM Adjustment Disputes |
Dear Counsel:
I am authorized by the Original Participating Manufacturers to agree: (1) pursuant to Section IV.E of the Term Sheet, that the PMs that have joined the November 14, 2012 Term Sheet to date constitute a critical mass of PMs and that the Settling States that have signed that Term Sheet to date, with an aggregate Allocable Share of approximately 42%, constitute a critical mass of Settling States; and (2) for purposes of Section I.A.2 of the Term Sheet and Appendix A, Paragraph 2(A) of the Term Sheet, joinder by those signatory Settling States with that aggregate Allocable Share qualifies as joinder by Settling States with an aggregate Allocable Share of 50% and gives rise to a Settlement Value Percentage of 46%.
Sincerely, |
/s/ Elli |
Elli Leibenstein |