Cancellation of Class A Common Stock and Units. At any time a share of Class A Common Stock is redeemed, repurchased, acquired, cancelled or terminated by Publico, one Unit registered in the name of Holdco (or in the event Holdco no longer holds Units, the General Partner) will automatically be cancelled for no consideration by the Partnership, in order that the ratio of (a) Class A Common Stock then outstanding to (b) the aggregate Units held by Holdco and the General Partner immediately prior to any such event shall remain the same immediately following any such event.
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