such third anniversary if a change of control occurs or if the Company is unable to acquire projects in sufficient number or size (as determined by the Board of Managers of the Company (the "Board")) to justify continuing the Commitments. Funding of capital contributions would be pursuant to annual operating and ca

nd Regulations and Provisions of the Declaration Establishing a Plan for Condominium Ownership of the Premises and (B) Powers of Attorney granted to the Board of Managers, leases, agreements, mortgages, renewals, modifications, consolidations, replacements and extensions to which the Declaration of the Unit are presen

read the operating agreement, there do not appear to be any controls or protections to Unit holders. All, and that means ALL, decisions are made by the Board of Managers. There is an initial Board of Managers named in the Operating Agreement and all future managers are appointed by the Board and all vacancies are fil

kage, the advance payment could generate up to SI.0 million. Administrative Update We arc pleased to announce that David Scott has been elected by the Board of Managers to serve as Board Chairman. In addition, Salient Partners, L.P, recently welcomed Dan Amiri to their team as an analyst. Year-End Valuation —id Ap

missory note, deliver such note to the Escrow Agent with these documents. Accepted: MIDWAY-CAROLINAS 2012, LLC By: Date: , 2012 on behalf of the Board of Managers B-6 407125-I-W EFTA00541078 Exhibit C Class A Member Signature Addendum IN WITNESS WHEREOF, the undersigned has signed this Operating Agreemen