Common use of Cancellation of Units Clause in Contracts

Cancellation of Units. Each Unit of HLBE (other than Units held by GFE or an affiliate of GFE) issued and outstanding immediately prior to the closing of the Merger shall be cancelled and converted into the right to receive $0.36405 per Unit, and each Unit of HLBE held by GFE issued and outstanding immediately prior to the Closing shall be cancelled and no consideration will be issued in respect thereof.