Article 27 - Rights attaching to Shares

(1) To the extent permitted by its articles of association, an LLC may create different classes of Shares. Subject to these Regulations, the rights attaching to Shares (or any class of Shares) shall be determined by the articles of association of the LLC.
(2) The articles of association of the LLC shall set out:
(A) the right to vote at a meeting of the LLC carried by each class of Share;
(B) the right to repayments of capital attaching to each class of Share;
(C) the right to participate in any undistributed profit of each class of Share;
(D) the rights and obligations pertaining to the transfer of each class of Share;
(E) the right to dividends and other distributions attaching to each class of Share; and
(F) any other rights and obligations attaching to each class of Share.
(3) Subject to the provisions of the articles of association of the LLC, each Share shall rank in all respects equally with any other Share in the LLC.
(4) It shall not be lawful for an LLC to issue bearer Shares.