Membership Interest Ledger. The Company shall maintain a membership interest ledger which contains the name and address of each Member of the
Membership Interest Ledger. The Members specify, acknowledge and agree that all Units (and the Membership Interests represented thereby) are securities governed by the Uniform Commercial Code as in effect from time to time in the State of Colorado, such interests shall be “securities” for all purposes under all other provisions of the Uniform Commercial Code of any other applicable jurisdiction that now or hereafter substantially include the 1994 revisions to Article 8 thereof, as adopted by the American Law Institute and the National Conference of Commissioners on Uniform State Laws. All Units shall be represented in book entry form and shall not be evidenced by physical Certificates. No Member shall have the right to require the company to issue physical certificates representing shares for any reason, except as required by applicable law. The Managing Member, on behalf of the Company, shall issue all units subject to the approvals required by this Agreement, substantially in the form (including the legend indicating that the Units evidenced by book entry are subject to the restrictions in this Agreement, the U.S. Securities Act of 1933, as amended, and applicable state securities laws) of digital “Asset Tokens”, subject to the following: Such Membership Interests shall be evidenced by Ledger cap table entries managed by the Transfer Agent. Representation of such cap table entry shall be evidenced by a digital token (“Asset Token”) on a decentralized distributed ledger. An Asset Token is a representation of cap table ledgered ownership of Membership Interests filed and stored by the Transfer Agent and maintained on behalf of the Company, and shall be subject to such rules for the issuance thereof in compliance with this Agreement. The Company via its Transfer Agent shall maintain a register for the purpose of registering any issuance, transfer, cancellation, and/or surrender of Membership Interests.
Membership Interest Ledger. The Managing Member shall maintain a Membership interest ledger which contains the name and address of each Member of the Company and the number of Shares and the particular class of Shares which the Member holds. The Membership interest ledger may be in written form or in any other form capable of producing copies for visual inspection. The original or duplicate of the Membership interest ledger shall be kept at the offices of the transfer agent, with or without the state of Delaware, or, if none, at the principal executive office of the Company.
Membership Interest Ledger. The Company shall maintain a membership interest ledger which contains the name and address of each Member of the Company and the number of Shares and the particular class of Shares which the Member holds. The membership interest ledger may be in written form or in any other form capable of producing copies for visual inspection. The original or duplicate of the membership interest ledger shall be kept at the offices of the transfer agent, within or without the state of Delaware, or, if none, at the principal executive office of the Company.
