Retirement of Class B Shares. The Managing Member hereby returns to the Company for retirement 1,514,138 Class B Shares. As of the date hereof, such Class B Shares shall be deemed to no longer be outstanding. Schedule A to the Agreement is hereby deleted in its entirety and replaced by Schedule A-1 attached hereto, which schedule sets forth the amount of Membership Shares and resulting Percentage Interest of each Member as of the date hereof. Schedule A-1 is also amended to reflect certain administrative changes thereto.
Appears in 4 contracts
Samples: Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC), Limited Liability Company Operating Agreement (Biodelivery Sciences International Inc), Limited Liability Company Operating Agreement (Bioral Nutrient Delivery LLC)
