Common use of Manner and Basis of Converting LLC Units in the LLC Clause in Contracts

Manner and Basis of Converting LLC Units in the LLC. (a) At the Effective Time, each Preferred Share and each Common Share of the LLC outstanding immediately prior to the Effective Time shall be converted automatically, without any action on the part of the holder thereof, into validly issued, fully paid and non-assessable shares of the Corporation’s Common Stock. . Each Preferred Share and each Common Share outstanding immediately prior to the Effective Time shall, by reason of the Conversion, be converted into [1/__th]1 of one share of the Corporation’s Common Stock (the “Conversion Exchange Ratio”).

Manner and Basis of Converting LLC Units in the LLC. (a) At the Effective Time, each Preferred Share and each Common Share of the LLC outstanding immediately prior to the Effective Time shall be converted automatically, without any action on the part of the holder thereof, into validly issued, fully paid and non-assessable shares of the Corporation’s Common Stock. . Each Preferred Share and each Common Share outstanding immediately prior to the Effective Time shall, by reason of the Conversion, be converted into [1/__th]1 1/788.141906th of one share of the Corporation’s Common Stock (the “Conversion Exchange Ratio”).

Manner and Basis of Converting LLC Units in the LLC. (a) At the Effective Time, each Preferred Share and each Common Share of the LLC outstanding immediately prior to the Effective Time shall be converted automatically, without any action on the part of the holder thereof, into validly issued, fully paid and non-assessable shares of the Corporation’s Common Stock. . Each Preferred Share and each Common Share outstanding immediately prior to the Effective Time shall, by reason of the Conversion, be converted into [1/__th]1 1/452.523282th of one share of the Corporation’s Common Stock (the “Conversion Exchange Ratio”).