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ARTICLES ES OF 'ORGANIZATION
FOR
PIVOTAL HOLDINGS, LLC
ARTICLE I, NAME:
The name of this Limited Liability Comp y ("Company") shall be:
PIVOTAL HOLDINGS, LLC
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1C'LE 11. - ADIAESS
The mailing address and street address of the principal office of the Company is:
vla l & E HOLDINGS, LLC, 425 East 61'r Street, New York, New York 10021.
A TrCI E JS. - DURATION
The period orduration for the Company shall be perpetual *dm dissolved accorduag to
law.
ARTICLE W. - IsIANAGEMENT
The Company is to be managed by the members; the e(s) and address of the initial
raeruber(s) is:
M & E ,Holdings, LLC, a Delaware Died ,liability company
425 East Wit Street
New York, New York 10021
ARTICLE V. - AQMri'f1SrQN Qf ADDITIQN,N1j4Wv113EaS
The right of the members to admit additional members and thterms and conditions of
the admissions shall be: new members may be admitted from time to time and apart such terms
and eonditiozas as shall be determined by a unanimous vote of the holders of all of the
Membership Interests.
TICL$ VI. +MEME .S RIGHTS TO CONTINUE LIUS.NESS
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The right of the of the Company to continue the business on the death,
retirement; resignation, expulsion, bankruptcy, or dissolution of a zrxctnbermor the ocou rence of
any ocher event vvhictt terminates the continual membership of a mernbcr n the Convexly shall .
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tile: determined by a unanimous v the rcrnaani hoidcmo€all of the -Mier tbership Interests - - _
to continue to conduct the business of tho Company ruder the Company's name.
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