Common use of Conversion to Corporate Form; Public Offering Clause in Contracts

Conversion to Corporate Form; Public Offering. (a) The parties hereto acknowledge that the Board may approve a restructuring of the legal status and capital structure of the Company in the future in order to facilitate a public offering of securities by a corporate entity that, immediately after such restructuring, shall own, directly or indirectly, one hundred (100) percent of the assets and business of the Company (the “IPO Entity”), that such restructuring will result in the direct or indirect conversion of the Membership Units of the Company into capital stock of the IPO Entity and that the form of such restructuring shall be at the sole discretion of the Board.

Conversion to Corporate Form; Public Offering. (a) The parties hereto acknowledge that the Board may approve a restructuring of the legal status and capital structure of the Company in the future in order to facilitate a public offering of securities by a corporate entity that, immediately after such restructuring, shall own, directly or indirectly, one hundred (100) percent % of the assets and business of the Company (the “"IPO Entity”"), that such restructuring will result in the direct or indirect conversion of the Membership Units of the Company into capital stock of the IPO Entity and that the form of such restructuring shall be at the sole discretion of the Board.

Conversion to Corporate Form; Public Offering. (a) The parties hereto acknowledge that the Board may approve a restructuring of the legal status and capital structure of the Company LLC in the future in order to facilitate a public offering of securities by a corporate entity that, immediately after such restructuring, shall own, directly or indirectly, one hundred (100) percent % of the assets property and business of the Company LLC and its Subsidiaries (the “IPO Entity”), that such restructuring will result in the direct or indirect conversion of the Membership Units of the Company LLC into capital stock of the IPO Entity and that the decision to convert to corporate form and the form of such restructuring shall be at the sole discretion of the Board, with the Unitholders having no vote or veto power with respect to any such conversion.

Conversion to Corporate Form; Public Offering. (a) The parties hereto acknowledge that the Board may approve a restructuring of the legal status and capital structure of the Company in the future in order to facilitate a public offering of securities by a corporate entity that, immediately after such restructuring, shall own, directly or indirectly, one hundred (100) percent % of the assets property and business of the Company and its Subsidiaries (the “"IPO Entity”"), that such restructuring will result in the direct or indirect conversion of the Membership Units of the Company into capital stock of the IPO Entity and that the decision to convert to corporate form and the form of such restructuring shall be at the sole discretion of the Board, with the Members having no vote or veto power with respect to any such conversion.