Common use of Certificates Evidencing Units Clause in Contracts

Certificates Evidencing Units. The Company may, at the discretion of the Board, issue to any or all Members of the Company certificates signed on behalf of the Board by its officers, representing the Units held by such Member, which signatures may be facsimiles. If a certificate is worn out or lost, it may be renewed on production of the worn out certificate or on satisfactory proof of its loss, together with such indemnity as may be reasonably required by the Board. Any certificate for Units shall be imprinted with legends substantially in the following form: THE UNITS REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE TRANSFERRED OR RESOLD EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO REGISTRATION OR EXEMPTION THEREFROM. THE SECURITIES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS CONTAINED IN THE LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF ISSUER OF SUCH SECURITIES (THE “COMPANY”). A COPY OF SUCH LIMITED LIABILITY COMPANY AGREEMENT WILL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUEST.

Certificates Evidencing Units. The Company may, at hereby irrevocably elects that all Units shall be “securities” governed by the discretion Uniform Commercial Code as in effect from time to time in the State of California or analogous provisions in the Board, issue to Uniform Commercial Code in effect in any other jurisdiction. The Units shall be evidenced by one or all Members of the Company more Unit certificates signed on behalf of the Board Company by its officers, representing the Units held by such Member, which signatures may be facsimilesfacsimiles or other electronic means approved by the Company. If a certificate is worn out or lost, it may be renewed on production of the worn out certificate or on satisfactory proof of its loss, together with such indemnity as may be reasonably required by the BoardMember. Any Each certificate for Units shall be imprinted with legends a legend substantially in the following form: THE UNITS REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED AS OF , 200 AND HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE SOLD OR TRANSFERRED OR RESOLD EXCEPT AS PERMITTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO OR AN EXEMPTION FROM REGISTRATION OR EXEMPTION THEREFROMTHEREUNDER. THE SECURITIES TRANSFER OF THE UNITS REPRESENTED BY THIS CERTIFICATE ARE IS SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS CONTAINED THE CONDITIONS SPECIFIED IN THE A LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF AGREEMENT, GOVERNING THE ISSUER OF SUCH SECURITIES (THE “COMPANY”)) AND BY AND AMONG CERTAIN INVESTORS. A COPY OF SUCH LIMITED LIABILITY COMPANY AGREEMENT WILL CONDITIONS SHALL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUESTREQUEST AND WITHOUT CHARGE.

Certificates Evidencing Units. The Company will not issue to its Members certificates representing the Units held by such Member; provided, that, following the date hereof, the Company may, at the discretion of the Board, issue to any or all Members every Member of the Company certificates signed on behalf of the Board by its officersOfficers, representing the Units held by such Member, which signatures may be facsimiles. If a certificate is worn out or lost, it may be renewed on production of the worn out certificate or on satisfactory proof of its loss, together with such indemnity as may be reasonably required by the Board. Any certificate for Units shall be imprinted with legends a legend substantially in the following form: THE UNITS REPRESENTED BY THIS CERTIFICATE WERE ORIGINALLY ISSUED AS OF , 20 , HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE AND MAY NOT BE SOLD OR TRANSFERRED OR RESOLD EXCEPT AS PERMITTED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS, PURSUANT TO OR AN EXEMPTION FROM REGISTRATION OR EXEMPTION THEREFROMTHEREUNDER. THE SECURITIES TRANSFER OF THE UNITS REPRESENTED BY THIS CERTIFICATE ARE IS SUBJECT TO RESTRICTIONS ON TRANSFER AND OTHER PROVISIONS CONTAINED THE CONDITIONS SPECIFIED IN THE A LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF GOVERNING THE ISSUER OF SUCH SECURITIES THESE UNITS (THE “COMPANY”)) AND BY AND AMONG CERTAIN INVESTORS. A COPY OF SUCH LIMITED LIABILITY COMPANY AGREEMENT WILL CONDITIONS SHALL BE FURNISHED WITHOUT CHARGE BY THE COMPANY TO THE HOLDER HEREOF UPON WRITTEN REQUESTREQUEST AND WITHOUT CHARGE.