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ARTICLEVMANAGEMENT
5.2TheBoard.
5.2.1SubjecttotherightsgrantedpursuanttoSection5.3,thepurposeoftheBoardistoadviseandconsultwiththeManager
on
theoperation,managementandbusinessplanoftheCompany.
-14-
NYA820520.12
 
5.2.2ThenumberofDirectorswhowillconstitutetheentireBoardshallbeseven(7)withtheinitialmembersoftheBoardbeing
3•
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5
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5.2.3DirectorsshallbeelectedbytheholdersofUnits.AnelectionofDirectorswillbedeterminedbyapluralityofthevotescast.Thereshallbenocumulativevoting.EachMemberagreestovoteallofhis,heroritsUnitsandwill,aspromptlyaspracticable,takeallothernecessaryordesirableactionswithinitscontrol(whetherinsuchMember'scapacityasaMemberorotherwise,andincluding,withoutlimitation,attendanceatmeetingsinpersonorbyproxyforpurposesofobtainingaquorumandexecutionofwrittenconsentsinlieuofmeetings),andtheCompanywill,aspromptlyaspracticable,takeallnecessaryanddesirableactionswithinitscontrol(including,withoutlimitation,callingspecialmeetingsoftheBoardandtheMembers),sothateachDirectorontheBoardshallbeelectedwhendesignatedasfollows:(a)solongastheParticipantMemberhasnotTransferred75%ormoreoftheUnitsinitiallyissuedtoit(otherthanTransferstoPermittedTransferees),theParticipantMembershallbeentitledtodesignateone
(1)
DirectortotheBoard(the"ParticipantDirector");(b)atanytimepriortoaControlLossEvent,theRizviMembershallbeentitledtodesignatetwo(2)DirectorstotheBoard(each,a"RizviDirector");(c)solongastheMLMemberhasnotTransferred75%ormoreoftheUnitsinitiallyissuedtoit(otherthanTransferstoPermittedTransferees),theMLMembershallbeentitledtodesignateone(l)DirectortotheBoard(the"MIcJ!_irei<tQ[");(d)solongasRT-NewGroundswellLLChasnotTransferred75%ormoreoftheUnitsinitiallyissuedtoit(otherthanTransferstoPermittedTransferees),RT-NewGroundswell
LLC
shallbeentitledtodesignateone(1)DirectortotheBoard;(e)solongasPegasushasnotTransferred75%
or
moreoftheUnitsinitiallyissuedtoit(otherthanTransferstoPermittedTransferees),Pegasusshallbeentitledtodesignateone(1)DirectortotheBoard:and(f)solongasNalahasnotTransferred75%ormoreoftheUnitsinitiallyissuedto
it
(otherthanTransferstoPermittedTransferees),Nalashallbeentitledtodesignateone(1)DirectortotheBoard.5.2.4MeetingoftheBoardmaybecalledatanytimebythePresident,SecretaryoranyDirectoruponatleasttwo(2)BusinessDayswrittennoticetotheotherDirectors.ADirectorentitledtovoteatanymeetingoftheBoardmayauthorize(inwriting)anotherindividual,includinganotherDirector.toactinhisorherplacebyproxy.
---':>-=-;:.
5.3ConsentofDirectors.UnlessconsentedtobyeachofaRizviDirector,theMLDirectorandtheParticipantDirector,neithertheCompanynortheManagershall:(a)approveanymatterthatrequirestheapprovalofaSummitDirectorunderthetermsoftheSummitLLCAgreement;(b)approveanymatterthatrequiresapprovaloftheCompensationCommitteeRepresentativeunderthetermsoftheSummitLLCAgreement;-15-
NYA820520.
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2
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