Common use of General Partner; Admission of New Partners; Conversion of General Partner Interest Clause in Contracts

General Partner; Admission of New Partners; Conversion of General Partner Interest. (a) The general partner of the Partnership is Pantera Digital Asset GP LLC, a Delaware limited liability company. (b) Subject to the condition that each new Limited Partner executes a Subscription Agreement or other instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may admit one or more new Limited Partners at any time. (c) Subject to the condition that each new general partner executes an instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may, without the consent of the Limited Partners (unless required by applicable law), admit one or more new general partners at any time. Admission of a new general partner shall not, in and of itself, be a cause for the removal of any general partner. (d) Subject to the condition that there is at least one General Partner that is authorized to carry on the business of the Partnership thereafter, the General Partner may, without the consent of the Limited Partners, convert all or any portion of its Interest into a limited partner interest and, with respect to such limited partner interest, be admitted as a Limited Partner, and the Partnership shall continue without dissolution. (e) Admission of a new Partner shall not be a cause for dissolution of the Partnership. (f) No Limited Partner shall have the right to remove the General Partner.

General Partner; Admission of New Partners; Conversion of General Partner Interest. ‌ (a) The general partner of the Partnership is Pantera Digital Asset GP LLC, a Delaware limited liability company. (b) Subject to the condition that each new Limited Partner executes a Subscription Agreement or other instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may admit one or more new Limited Partners at any time. (c) Subject to the condition that each new general partner executes an instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may, without the consent of the Limited Partners (unless required by applicable law), admit one or more new general partners at any time. Admission of a new general partner shall not, in and of itself, be a cause for the removal of any general partner. (d) Subject to the condition that there is at least one General Partner that is authorized to carry on the business of the Partnership thereafter, the General Partner may, without the consent of the Limited Partners, convert all or any portion of its Interest into a limited partner interest and, with respect to such limited partner interest, be admitted as a Limited Partner, and the Partnership shall continue without dissolution. (e) Admission of a new Partner shall not be a cause for dissolution of the Partnership. (f) No Limited Partner shall have the right to remove the General Partner.

General Partner; Admission of New Partners; Conversion of General Partner Interest. (a) The general partner of the Partnership is Pantera Valcour Digital Asset GP LLC, a Delaware limited liability company. (b) Subject to the condition that each new Limited Partner executes a Subscription Agreement or other instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may admit one or more new Limited Partners at any time. (c) Subject to the condition that each new general partner executes an instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may, without the consent of the Limited Partners (unless required by applicable law), admit one or more new general partners at any time. Admission of a new general partner shall not, in and of itself, be a cause for the removal of any general partner. (d) Subject to the condition that there is at least one General Partner that is authorized to carry on the business of the Partnership thereafter, the General Partner may, without the consent of the Limited Partners, convert all or any portion of its Interest into a limited partner interest and, with respect to such limited partner interest, be admitted as a Limited Partner, and the Partnership shall continue without dissolution. (e) Admission of a new Partner shall not be a cause for dissolution of the Partnership. (f) No Limited Partner shall have the right to remove the General Partner.

General Partner; Admission of New Partners; Conversion of General Partner Interest. ‌ (a) The general partner of the Partnership is Pantera Digital Asset GP LLC, a Delaware limited liability company. (b) Subject to the condition that each new Limited Partner executes a Subscription this Agreement or other instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may admit one or more new Limited Partners at any time. (c) Subject to the condition that each new general partner executes an instrument pursuant to which it agrees to be bound by the terms and provisions hereof, the General Partner may, without the consent of the Limited Partners (unless required by applicable law), admit one or more new general partners at any time. Admission of a new general partner shall not, in and of itself, be a cause for the removal of any general partner. (d) Subject to the condition that there is at least one General Partner that is authorized to carry on the business of the Partnership thereafter, the General Partner may, without the consent of the Limited Partners, convert all or any portion of its Interest into a limited partner interest and, with respect to such limited partner interest, be admitted as a Limited Partner, and the Partnership shall continue without dissolution. (e) Admission of a new Partner shall not be a cause for winding-up or dissolution of the Partnership. (f) No Limited Partner shall have the right to remove the General Partner.