📄 Extracted Text (342 words)
ARTICLE SEVEN
LIMITATION OF LIABILITY
No manager of the Company shall be liable to the Company or its members for monetary
damages for an act or an omission in such manager's capacity as a member, except for liability of
a manager for (i) a breach of a manager's duty of loyalty to the Company or its members, (ii) an
act or omission, not in good faith, that constitutes a breach of duty of a manager to the Company
or an act or omission that involves intentional misconduct or a knowing violation of the law, (iii)
a transaction from which a manager received an improper benefit, whether or not the benefit
resulted from an action taken within the scope of the manager's position, or (iv) an act or omission
for which the liability of a manager is expressly provided for by an applicable statute. U the
Uniform Limited Liability Company Act or other applicable law is amended to authorize action
further eliminating or limiting the liability of managers, then the liability of any manager of the
Company shall be eliminated or limited to the fullest extent permitted by the Uniform Limited
Liability Company Act or other applicable law, as so amended.
Any repeal or modification of the foregoing paragraph by the members shall not adversely affect
any right or protection of any manager existing at the time of such repeal or modification.
ARTICLE EIGHT
MEMBER LIABILITY
No member of the Company shall be liable for the debts and obligations of the Company under
Section 1303, Subsection (c) of the Uniform Limited Liability Company Act.
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ARTICLE NINE
$EVERABILITY
ry;
If any phrase, clause, sentence, paragraph, or provision of these Articles of Orpnilatioafield
to be void or illegal, then it shall not impair or affect the balance of these:Adis*, *A°
undersigned Organizer of the Company does hereby declare that she wouldthavesigratind
executed the balance of these Articles without such void or illegal provisions. eik c-
(signature page follows)
3
CONFIDENTIAL - PURSUANT TO FED. R. GRIM. P. 6(e) DB-SDNY-0075796
CONFIDENTIAL SDNY_GM_00221980
EFTA01378590
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EFTA01378590
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