TSYS Group » Chief Operations Officer » Known Element Enterprises - Business Services

Notice of Limitation on Liability of Series

The Company Agreement may establish or provide for the establishment of one or more designated series of members, managers, membership interests, or assets that (1) has separate rights,
powers, or duties with respect to specified property or obligations of the Company or profits and losses associated with specified property or obligations, or (2)
has a separate business purpose or investment objective.

Subject to the provisions of the Texas Business Organizations Code (1) the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with
respect to a particular series shall be enforceable against the assets of that series only, and shall not be enforceable against the assets of the Company generally
or any other series, and (2) none of the debts, liabilities, obligations, and expenses incurred, contracted for, or otherwise existing with respect to the Company generally –
or any other series – shall be enforceable against the assets of a particular series.

Specific series of assets shall be separately labeled or enumerated in such a manner as to identify each series’ assets, structure, and operations.
Pursuant to §101.614 of the Texas Business Organizations Code, and as ore fully set forth in the Company Agreement,
a specific series and its business and affairs ay be wound up and terminated without causing the winding up of the Company.
The winding up of a series shall not affect the litigation of liability of members and managers of other series or the Company at large.