EFTA01452171.pdf

SOF III - 1081 Southern Financial LLC TABLE OF CONTENTS (continued) Page ARTICLE 6 CAPITAL ACCOUNTS; ALLOCATION PROVISIONS; ELECTIONS; CERTAIN EXPENSES Section 6.01. Capital Accounts 19 Section 6.02. Tax Allocation Provisions 21 Section 6.03. Elections 22 Section 6.04. Certain Expenses 22 ARTICLE 7 DISTRIBUTIONS; VALUATION Section 7.01. Distributions 22 Section 7.02. Intentionally Omitted 23 Section 7.03. In Kind Distributions 23 Section 7.04. Withholding 24 Section 7.05. Establishment of the Funding Reserve 25 Section 7.06. Valuation 25 ARTICLE 8 MANAGEMENT Section 8.01. Authority of the General Partner 26 Section 8.02. Duties of the General Partner 26 Section 8.03. Removal and Replacement of the General Partner 27 Section 8.04. Power to Delegate to the Investment Manager; Removal of the Investment Manager 27 Section 8.05. Powers Retained by the General Partner 27 Section 8.06. Initial Investment Manager 28 Section 8.07. Outside Businesses 28 Section 8.08. Expenses of the Partnership 28 ARTICLE 9 EXCULPATION, INDEMNIFICATION AND INSURANCE Section 9.01. Exculpation 29 Section 9.02. Duties and Liabilities of Indemnified Persons 29 Section 9.03. Indemnification 30 Section 9.04. Advancement of Expenses 30 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0109072 CONFIDENTIAL SDNY_GM_00255256 EFTA01452171