Common use of Splits Clause in Contracts

Splits. There shall be no subdivision of the Series BDBR Interests other than in accordance with Section 3.7. Other rights: Holders of Series BDBR Interests shall have no conversion, exchange, sinking fund, redemption or appraisal rights, no preemptive rights to subscribe for any securities of the Company and no preferential rights to distributions of Series BDBR Interests. Officers: Pxxxxx Xxxxxx – Chief Executive Officer Yxxx Xxxxxx – Head of Partnerships Each officer shall have full power and authority to execute all agreements and other documents on behalf of Series BDBR. Minimum Interests: One (1) Interest per Member.