definiens: shall mean a Member ’s share of the Company ’s Profits from such LiquidityEvent as set forth below : ( a ) For a Liquidity Event that is consummated prior to the first ( 1st ) anniversary of the EffectiveDate, the Capital Percentages of the Members shall be forty - five ( 45 % ) percent to BioLife and fifty - five ( 55 % ) percentto Savsu ; ( b ) For a Liquidity Event that is consummated on or after the first ( 1st ) anniversary of theEffective Date and prior to the second ( 2nd ) anniversary of the Effective Date, the Capital Percentages of theMembers shall be forty ( 40 % ) percent to BioLife and sixty ( 60 % ) percent to Savsu ; ( c ) For a Liquidity Event that is consummated on or after the second ( 2nd ) anniversary of theEffective Date and prior to the third ( 3rd ) anniversary of the Effective Date, the Capital Percentages of the Membersshall be thirty - five ( 35 % ) percent to BioLife and sixty - five ( 65 % ) percent to Savsu ; and 4 ( d ) For a Liquidity Event that is consummated on or after the third ( 3rd ) anniversary of theEffective Date, the Capital Percentages of the Members shall be twenty - five ( 25 % ) percent to BioLife and seventy - five ( 75 % ) percent to Savsu