Common use of Conversion to Corporation Clause in Contracts

Conversion to Corporation. The General Partner has broad powers to cause the Company to convert to a corporation, including for the purpose of facilitating an IPO. In order to facilitate the description of the succession of Rackspace to New Rackspace, the underwriters have suggested that the Holders transfer all of their interests in the Partnership (the "Units") to New Rackspace, in exchange for common stock in New Rackspace (the "Common Stock"). The Partners have agreed to make this exchange pursuant to the terms of this Agreement and agree to allow this exchange, whether or not the IPO occurs. AMENDMENT OF SUPPORT AGREEMENT. The parties desire to amend the Support Agreement to include as Class C Limited Partners, Red Hat, Norwest, Th▇▇▇▇ ▇e▇▇▇▇ ▇nd the New Investors.