Series C Common Units. On the Effective Date, the Company has authorized and created a class of Units designated as “Series C Common Units”, consisting of a total of 100,000 Series C Common Units, and has issued Series C Common Units to the Common Members in the respective amounts set forth on Exhibit A. Any Series C Common Units authorized but not yet issued shall remain available for future issuances in accordance with the terms of this Agreement, and the issuance of additional Series C Common Units shall dilute the Common Members pro rata. The voting rights of Series C Common Units are set forth in Section 12.10.
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Sources: Limited Liability Company Agreement (Grizzly Energy, LLC), Limited Liability Company Agreement (Grizzly Energy, LLC)