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LLCOperatingAgreement-Markdown/CommonBoilerplate/AdditionalMembershipInterests.md

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Creation of Additional Membership Interests

Additional Membership Interests may be created and issued to existing or new Members or Persons, and such other Persons may be admitted to the Company as Members in one or more classes, with the unanimous written conset of the Board Of Directors, and all Company Members on such terms and conditions as the Board Of Directors and Company Members may approve at the time of admission.

The creation of new Membership Interests, the admission of any new Members, or the creation of any new class or group of Members in accordance with this Agreement may

  • (i) result in the dilution of the Sharing Ratios of existing Members

  • (ii) be reflected as an amendment to this Agreement or a Supplement which shall be valid if executed by the entirety of the Board Of Directors, all existing Company Members and the new Member.