piggyback registration rights. Additionally, Todd Pedersen, our former director Alex Dunn, certain investment funds affiliated with Summit Partners, whose principal, Jay Pauley, is
one of our directors, and Black Horse Holdings, LLC, a co-investor in 313 Acquisition LLC, also have customary piggyback registration rights. The registration rights agreement also provides that we
will pay certain expenses relating to such registrations and indemnify the registration rights holders against certain liabilities which may arise under the Securities Act.
Tax Equity Funds
We have entered into three
investment fund transactions with two affiliates of Blackstone, Blackstone Holdings I L.P. and Stoneco IV Corporation. These funds provided for investment by such Blackstone affiliates of $40 million, $50 million and $20 million, with
aggregate fund sizes (in terms of value of solar energy systems owned) of $84.7 million, $107 million and $42.8 million, respectively. Further details of these and our other investment funds may be found in Note 14 of the footnotes to
our Financial Statements in our 2019 Annual Report on Form 10-K.
Agreements with Vivint Smart
Home, Inc.
In connection with our initial public offering, we entered into a number of agreements with our sister company, Vivint Smart Home, Inc., or Vivint,
related to services and other support that Vivint has provided and will provide to us, including:
Master Intercompany Framework Agreement
This agreement establishes a framework for the ongoing relationship between us and Vivint. This agreement contains master terms regarding the
protection of each others confidential information, and master procedural terms, such as notice procedures, restrictions on assignment, interpretive provisions, governing law and dispute resolution. We and Vivint each make customary
representations and warranties that will apply across all of the agreements between us, and we each agree not to damage the value of the goodwill associated with the VIVINT or VIVINT SOLAR marks. Vivint agrees to provide
us notice if Vivint plans to stop using or to abandon rights in the VIVINT mark in any country or jurisdiction, and we are permitted to take steps to prevent abandonment of the VIVINT mark. We each also agree not to make
public statements about each other without the consent of the other or disparage one another.
Recruiting Services Agreement
Pursuant to the terms of a Recruiting Services Agreement we have entered into with Vivint, we and Vivint each have agreed to provide recruiting services to the other
party in exchange for compensation for such services. In addition, pursuant to this agreement, we and Vivint have each agreed not to solicit for employment any member of the others executive or senior management team, or any of the
others employees who primarily manage sales, installation or services of the others products and services until the termination of the Recruiting Services Agreement. The commitment not to solicit each others employees lasts for 180
days after such employee finishes employment with us or Vivint.
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