Emmis and Sinclair together own 100% of the membership interests of Radio Austin Management, L.L.C., a Texas limited liability company (the “LLC”), each holding the following membership interest and Income Percentage (as defined in the LLC Agreement described below):
The LLC is the sole general partner, and Emmis and Sinclair together own 100%are the sole limited partners, of the membership interests ofEmmis Austin Radio Austin Management,Broadcasting Company, L.L.C.P., a Texas limited liability companypartnership (the “LLC”“LP”), each holding the following membership interest and Income PercentageSharing Ratio (as defined in the LLCLP Agreement described below):
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