Class B memberships shall be divided into Series B-1 (Full), Series B-2 (Associate), Series B-3 (GIM), Series B-4 (IDEM) and Series B-5 (COM) memberships, as set forth in Article IV.B.2. of the Exchange’s Certificate of Incorporation. Membership in the Exchange is a personal privilege subject to transfer only as authorized and on the conditions prescribed herein. (11/29/07)