Comcast 2010 Annual Report Download - page 236

such times and in such amounts as the Board may determine to offer to or accept from the Members.
Section 3.03. Issuance of Units . (a) No Units or other equity interests shall be issued in respect of any Additional Capital Contribution
until such Additional Capital Contribution is actually made. All Units in respect of the Initial Capital Contributions are hereby duly issued on the
date of this Agreement and no additional Units shall be issued by the Company after the date of this Agreement in respect of any Initial Capital
Contributions.
(b) Subject to Sections 3.07 and 4.10(a), the Board may authorize the Company to issue additional Units and/or create and issue new
series, types or classes of equity interests in the Company with such voting powers, full or limited, or no voting powers, and such designations,
preferences and relative, participating, optional or other special rights, and qualifications, limitations or restrictions thereof as the Board may
determine and authorize, obligations, evidences of indebtedness or other securities or interests of the Company convertible or exchangeable into
Units or other equity interests in the Company and warrants, options or other rights to purchase or otherwise acquire Units or other equity
interests in the Company, in each case to any Person in such amounts and on such terms as so approved by the Board; provided that any such
issuance will be made only in exchange for payment of fair market value for such interest, as determined in the reasonable good faith judgment
of the Board, and provided , further , that an issuance of equity interests in the Company, such as warrants or rights to acquire Units, on
customary commercial terms in connection with a bona fide debt financing or other commercial arrangement need not comply with the
requirement set forth in the immediately preceding proviso so long as such arrangement as a whole has been approved by the Board. The
Company may issue whole or fractional Units or other equity interests in the Company. In the event the Company issues any equity interests
other than Units, this Agreement will be appropriately amended to reflect the terms of such other equity interests and the issuance thereof.
Section 3.04. Withdrawal of Capital . (a) No Member shall be entitled to withdraw any part of its Capital Contributions or to receive any
distribution from the Company, except as expressly provided herein. Under circumstances requiring the return of any Capital Contribution, no
Member shall have the right to demand or receive property other than cash. No Member shall have the right to cause the sale of any Company
asset. No Member shall have any right to receive any salary or draw with respect to its Capital Contributions or its Capital Account or for
services rendered on behalf of the Company or otherwise in its capacity as a Member.
(b) No Member shall have any liability for the return of the Capital Contributions of any other Member. Except as otherwise required by
Law, no Member shall be required to make up a negative balance in its Capital Account.
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