8. ADDITIONAL CONTRIBUTIONS; MEMBER LOANS
(i) The Member may, but is not required to, make additional capital contributions to the
Company.
{ii} The Member may, but is not required to, make loans to the Company. If and to the
extent that loans are made by the Member to the Company, those loans shall be on terms
determined by the Member and the Manager to be commercially reasonable. In the absence of
any separate determination made by the Member and the Manager, all loans made by the
Member to the Company shall be payable upon demand and shal} bear interest at 4% per year.
(iii) To the extent that additional funds are made available by the Member to the
Company, those funds shall be treated as loans made by the Member to the Company, and not as
additional capital contributions made by the Member to the Company, unless specifically
designated as additional capital contributions made by the Member to the Company.
9. LIABILITY OF MEMBER
To the fullest extent provided for in the Maine LLC Act, the Member shall not have any liability
for the obligations or liabilities of the Company.
10. TAX STATUS
At all times that the Company has only one member (who owns 100% of the limited liability
company interests in the Company), it is the intention of the Member that the Company be
disregarded as an entity separate from the Member for federal, state, local and foreign income
tax purposes and that the Company be treated for those purposes, but not for purposes other than
taxation, as a division of the Member.
11. DISTRIBUTIONS
(i) Distributions shall be made to the Member at the times and in the amounts determined
by the Manager, except that no distribution shall be made in violation of the Maine LLC Act.
(ii) Unless otherwise determined by the Member, no distribution shall be paid to the
Member upon its resignation, whether in connection with the voluntary assignment of its entire
interest pursuant to Section 13 or otherwise.
12. ASSIGNMENTS
(i) The Member may voluntarily transfer or assign (including as a pledge or other
collateral assignment) in whole or in part its limited liability company interest.
(ii) In connection with a voluntary transfer or assignment by the Member of its entire
limited liability company interest in the Company (not including a pledge or collateral
assignment or any transfer as a result thereof):
(R1641711.2 S7989-D7T2080 |} 7
