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(1) Proposal No. 1 — The Business Combination Proposal – To adopt and approve the Agreement and Plan of Merger dated as of February 9, 2021 (as amended or supplemented from time to time, the | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
“Merger Agreement”) by and among Forest Road, BB Merger Sub, LLC, a Delaware limited liability company and direct, wholly-owned subsidiary of Forest Road (“BB Merger Sub”), MFH Merger Sub, LLC, a Delaware limited liability company and direct, wholly-owned subsidiary of Forest Road (“Myx Merger Sub”, and together with BB Merger Sub, the “Merger Subs”), The Beachbody Company Group, LLC, a Delaware limited liability company (“Beachbody”), and Myx Fitness Holdings, LLC, a Delaware limited liability company (“Myx”, and together with Beachbody, the “Target Companies”), and the transactions contemplated by the Merger Agreement (collectively, the “Business Combination”). Pursuant to the Merger Agreement, (1) BB Merger Sub will merge with and into Beachbody, with Beachbody surviving as a wholly-owned subsidiary of Forest Road (the “Surviving Beachbody Entity”); (2) Myx Merger Sub will merge with and into Myx, with Myx surviving as a wholly-owned subsidiary of Forest Road; and (3) the Surviving Beachbody Entity will merge with and into Forest Road (the “Merger”), with Forest Road surviving such merger (such surviving entity, the “Company”), as described in more detail in the attached proxy statement/prospectus. | |
(2) Proposal No. 2 — The Organizational Documents Proposals – To approve and adopt, assuming the Business Combination Proposal is | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
approved and adopted, the second amended and restated certificate of incorporation of the Company (the “Proposed Charter”) and the proposed amended and restated bylaws of the Company to be in effect following the Business Combination, each of which, if approved, would take effect upon the Closing. | |
3) The Advisory Charter Proposals — To approve and adopt, on a non-binding advisory basis, certain governance provisions in the Proposed Charter, which are being presented separately in accordance with SEC guidance to give stockholders the opportunity to present their separate views on important corporate governance provisions, as 6 sub-proposals: | |
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i. Proposal No. 3(A) — Advisory Charter Proposal A – To reclassify the Company’s capital stock and to increase the total number of authorized | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
shares and classes of stock to 2,000,000,000 shares, consisting of (i) 100,000,000 shares of preferred stock, par value $0.0001 per share, (ii) 1,600,000,000 shares of Class A Common Stock, par value $0.0001 per share, (iii) 200,000,000 shares of Class X Common Stock, par value $0.0001 per shares, and (iv) 100,000,000 shares of Class C Common Stock, par value $0.0001 per share. | |
ii. Proposal No. 3(B) — Advisory Charter Proposal B – To provide that holders of shares of the Company’s Class A Common Stock will | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
be entitled to cast one vote per share of the Company’s Class A Common Stock and holders of shares of the Company’s Class X Common Stock will be entitled to cast 10 votes per share of the Company’s Class common stock on each matter properly submitted to the Company’s stockholders entitled to vote, until the earlier of (a) the date Carl Daikeler is no longer providing services to the Company as a senior executive officer or director of the Company or (b) the date on which the holders of Class X Common Stock as of the Closing Date have sold 75% of their shares (other than pursuant to a Permitted Transfer (as defined in the Proposed Charter), as opposed to each share of Forest Road Class A common stock and Forest Road Class B common stock being entitled to one vote per share on each matter properly submitted to Forest Road’s stockholders entitled to vote. | |
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iii. Proposal No. 3(C) — Advisory Charter Proposal C – To provide that each member of the board of directors of the Company will be elected | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
at each annual meeting of stockholders (or special meeting in lieu thereof), as opposed to Forest Road having three classes of directors, with only one class of directors being elected in each year and each class serving a three-year term. | |
iv. Proposal No. 3(D) — Advisory Charter Proposal D – To provide that any action required or permitted to be taken by the stockholders of | | | ![LOGO](https://capedge.com/proxy/S-4A/0001193125-21-174916/g11148707.jpg) | |
the Company may not be taken by written consent, other than with respect to holders of preferred stock, who are permitted to take actions by written consent. | |