Common use of Revaluation of Company Property Clause in Contracts

Revaluation of Company Property. The Capital Accounts of the Members shall be increased or decreased to reflect a Revaluation of Company Property (including intangible assets such as goodwill) on the Company’s books in connection with a Revaluation Event. Upon such Revaluation: (1) the Book Value of Company Property shall be adjusted based on the fair market value of Company Property (taking section 7701(g) of the Code into account) on the Revaluation Date; (2) the unrealized income, gain, loss, or deduction inherent in such Company Property (that has not been reflected in the Capital Accounts previously) would be allocated among the Members as if there were a taxable disposition of such Company Property for such fair market value on the Revaluation Date. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 21

Revaluation of Company Property. The Capital Accounts of the Members shall be increased or decreased to reflect a Revaluation revaluation of Company Property (including intangible assets such as goodwill) on the Company’s 's books in connection with a Revaluation Event. Upon such Revaluation: (1) the Book Value of Company Property shall be adjusted based on the fair market value of Company Property (taking section 7701(g770l(g) of the Code into account) on the Revaluation Date; (2) the unrealized income, gain, loss, or deduction inherent in such Company Property (that has not been reflected in the Capital Accounts previously) would be allocated among the Members as if there were a taxable disposition of such Company Property property for such fair market value on the Revaluation Date. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 21.

Revaluation of Company Property. The Capital Accounts of the Members shall be increased or decreased to reflect a Revaluation revaluation of Company Property property (including intangible assets such as goodwill) on the Company’s 's books in connection with a Revaluation Eventrevaluation event. Upon such Revaluationrevaluation: (1) the Book Value book value of Company Property property shall be adjusted based on the fair market value of Company Property property (taking section Section 7701(g) of the Code into account) on the Revaluation Daterevaluation date; (2) the unrealized income, gain, loss, or deduction inherent in such Company Property property (that has not been reflected in the Capital Accounts previously) would be allocated among the Members as if there were a taxable disposition of such Company Property property for such fair market value on the Revaluation Date. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 21revaluation date.

Revaluation of Company Property. The Capital Accounts of the Members shall be increased or decreased to reflect a Revaluation of Company Property (including intangible assets such as goodwill) on the Company’s books in connection with a Revaluation Event. Upon such Revaluation: (1) the Book Value of Company Property shall be adjusted based on the fair market value of Company Property (taking section 7701(g) of the Code into account) on the Revaluation Date; (2) the unrealized income, gain, loss, or deduction inherent in such Company Property (that has not been reflected in the Capital Accounts previously) would be allocated among the Members as if there were a taxable disposition of such Company Property for such fair market value on the Revaluation Date. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 21Agreement

Revaluation of Company Property. The Capital Accounts of the Members shall be increased or decreased to reflect a Revaluation of Company Property (including intangible assets such as goodwill) on the Company’s books in connection with a Revaluation Event. Upon such Revaluation: (1) the Book Value of Company Property shall be adjusted based on the fair market value of Company Property (taking section 7701(g) of the Code into account) on the Revaluation Date; (2) the unrealized income, gain, loss, or deduction inherent in such Company Property (that has not been reflected in the Capital Accounts previously) would be allocated among the Members as if there were a taxable disposition of such Company Property for such fair market value on the Revaluation Date. EXHIBIT 2 to Offering Circular/Opening Night Enterprises, LLC/Operating Agreement 21- 11/30/2017