Common use of Management and Operation of Business Clause in Contracts

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 Section 6.2 Number, Qualification and Term of Office of Directors 32 Section 6.3 Election of Directors 32 Section 6.4 Removal 32 Section 6.5 Resignations 33 Section 6.6 Vacancies 33 Section 6.7 Chairman of Meetings 33 Section 6.8 Place of Meetings 33 Section 6.9 Meetings; Notice 33 Section 6.10 Action Without Meeting 34 Section 6.11 Conference Telephone Meetings 34 Section 6.12 Quorum 34 Section 6.13 Committees 34 Section 6.14 Alternate Members of Committees 35 Section 6.15 Remuneration 35 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 Certificate of Formation 43 Section 6.19 Officers 43 Section 6.20 Duties of Officers and Directors 44 Section 6.21 Reliance by Third Parties 44 Section 6.22 Manager 45

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 13 Section 6.2 5.2 Number, Qualification Qualification, Term and Term of Office of Directors 32 Section 6.3 Election of Directors 32 14 Section 6.4 Removal 32 5.3 Vacancies 15 Section 6.5 5.4 Meetings 15 Section 5.5 Organization 15 Section 5.6 Resignations 33 and Removals of Directors 15 Section 6.6 Vacancies 33 5.7 Quorum 15 Section 6.7 Chairman 5.8 Nomination of Meetings 33 Directors 16 Section 6.8 Place 5.9 Actions of Meetings 33 the Board by Written Consent 16 Section 6.9 Meetings; Notice 33 Section 6.10 Action Without 5.10 Meeting 34 Section 6.11 by Means of Conference Telephone Meetings 34 16 Section 6.12 Quorum 34 5.11 Committees 16 Section 6.13 Committees 34 5.12 Compensation 16 Section 6.14 Alternate Members 5.13 Duties of Committees 35 Officers and Directors 16 Section 6.15 Remuneration 35 5.14 Exculpation and Indemnification 17 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 5.15 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Interested Directors 19 Section 6.18 5.16 Certificate of Formation 43 20 Section 6.19 5.17 Officers 43 20 Section 6.20 Duties of Officers 5.18 Business Opportunities and Non-Employee Directors 44 22 Section 6.21 5.19 Reliance by Third Parties 44 23 ARTICLE VI Section 6.22 Manager 456.1 Records and Accounting 23 Section 6.2 Fiscal Year 23 Section 6.3 Reports 23 ARTICLE VII

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 17 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 17 Section 6.3 Election 5.3 Classes of Directors 32 17 Section 6.4 5.4 Removal 32 18 Section 6.5 5.5 Resignations 33 19 Section 6.6 5.6 Vacancies 33 19 Section 6.7 5.7 Nomination of Directors 19 Section 5.8 Chairman of Meetings 33 20 Section 6.8 5.9 Place of Meetings 33 20 Section 6.9 Meetings; Notice 33 5.10 Regular Meetings 20 Section 6.10 5.11 Special Meetings 20 Section 5.12 Action Without Meeting 34 20 Section 6.11 Conference Telephone 5.13 Notice 20 Section 5.14 Meetings 34 by Remote Communication 21 Section 6.12 5.15 Quorum 34 21 Section 6.13 Committees 34 5.16 Waiver of Notice 21 Section 6.14 Alternate Members 5.17 Regulations 21 Section 5.18 Minutes 21 Section 5.19 Remuneration 22 Section 5.20 Reliance by Third Parties 22 Section 5.21 Consent Rights 22 Section 6.1 Exculpation 24 Section 6.2 Indemnification 24 Section 6.3 Duties of Committees 35 Officers and Directors 26 Section 6.15 Remuneration 35 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 6.4 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 27 Section 6.18 Certificate 6.5 Outside Activities 28 Section 7.1 Designation, Powers 29 Section 7.2 Procedure; Meetings; Quorum 29 Section 7.3 Alternate Members of Formation 43 Section 6.19 Officers 43 Section 6.20 Duties of Officers and Directors 44 Section 6.21 Reliance by Third Parties 44 Section 6.22 Manager 45Committees 29

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 30 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 Section 6.3 5.3 Election of Directors 32 Section 6.4 5.4 Removal 32 33 Section 6.5 5.5 Resignations 33 Section 6.6 5.6 Vacancies 33 Section 6.7 5.7 Nomination of Directors 33 Section 5.8 Chairman of Meetings 33 34 Section 6.8 5.9 Place of Meetings 33 34 Section 6.9 5.10 Regular Meetings 34 Section 5.11 Special Meetings; Notice 33 34 Section 6.10 5.12 Action Without Meeting 34 35 Section 6.11 5.13 Conference Telephone Meetings 34 35 Section 6.12 5.14 Quorum 34 35 Section 6.13 Committees 34 Section 6.14 Alternate Members of 5.15 Committees 35 Section 6.15 5.16 [Reserved] 36 Section 5.17 Minutes of Committees 36 Section 5.18 Remuneration 35 36 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 36 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 5.20 Certificate of Formation 43 and Certificate of Domestication 40 Section 6.19 5.21 Officers 43 41 Section 6.20 5.22 Duties of Officers and Directors 43 Section 5.23 Outside Activities 44 Section 6.21 5.24 Reliance by Third Parties 44 50 Section 6.22 Manager 456.1 Records and Accounting 51 Section 6.2 Fiscal Year 51 Section 6.3 Reports 51

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 15 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 16 Section 6.3 5.3 Election of Directors 32 17 Section 6.4 5.4 Removal 32 17 Section 6.5 5.5 Resignations 33 17 Section 6.6 5.6 Vacancies 33 17 Section 6.7 5.7 Nomination of Directors 18 Section 5.8 Chairman of Meetings 33 18 Section 6.8 5.9 Place of Meetings 33 18 Section 6.9 5.10 Regular Meetings 18 Section 5.11 Special Meetings; Notice 33 18 Section 6.10 5.12 Action Without Meeting 34 18 Section 6.11 5.13 Conference Telephone Meetings 34 18 Section 6.12 5.14 Quorum 34 19 Section 6.13 5.15 Committees 34 19 Section 6.14 5.16 Alternate Members of Committees 35 19 Section 6.15 5.17 Minutes of Committees 19 Section 5.18 Remuneration 35 19 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 20 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 23 Section 6.18 5.21 Certificate of Formation 43 23 Section 6.19 5.22 Officers 43 24 Section 6.20 5.23 Duties of Officers and Directors 44 26 Section 6.21 5.24 Outside Activities 26 Section 5.25 Reliance by Third Parties 44 27 Section 6.22 Manager 455.26 Consent Rights 27 Section 6.1 Records and Accounting 28 Section 6.2 Fiscal Year 28 Section 6.3 Reports 29 Section 7.1 Tax Elections 29 Section 7.2 Withholding 29

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 28 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 30 Section 6.3 5.3 Election of Directors 32 30 Section 6.4 5.4 Removal 32 31 Section 6.5 5.5 Resignations 33 31 Section 6.6 5.6 Vacancies 33 31 Section 6.7 5.7 Nomination of Directors 31 Section 5.8 Chairman of Meetings 33 32 Section 6.8 5.9 Place of Meetings 33 32 Section 6.9 5.10 Regular Meetings 32 Section 5.11 Special Meetings; Notice 33 32 Section 6.10 5.12 Action Without Meeting 34 33 Section 6.11 5.13 Conference Telephone Meetings 33 Section 5.14 Quorum 33 Section 5.15 Committees 33 Section 5.16 [Reserved] 34 Section 6.12 Quorum 34 Section 6.13 5.17 Minutes of Committees 34 Section 6.14 Alternate Members of Committees 35 5.18 Remuneration 34 Section 6.15 Remuneration 35 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 34 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 5.20 Certificate of Formation 43 and Certificate of Domestication 38 Section 6.19 5.21 Officers 43 39 Section 6.20 5.22 Duties of Officers and Directors 44 41 Section 6.21 5.23 Outside Activities 42 Section 5.24 Reliance by Third Parties 44 49 Section 6.22 Manager 456.1 Records and Accounting 49 Section 6.2 Fiscal Year 49 Section 6.3 Reports 49

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 21 Section 6.2 5.2 Number, Qualification Qualification, Term and Term of Office of Directors 32 Section 6.3 Election of Directors 32 23 Section 6.4 Removal 32 5.3 Appointment of Designated Directors. 24 Section 6.5 5.4 Resignations 33 and Removals of Directors 24 Section 6.6 5.5 Vacancies 33 24 Section 6.7 Chairman 5.6 Meetings 25 Section 5.7 Organization 25 Section 5.8 Quorum 25 Section 5.9 Nomination of Meetings 33 Directors 26 Section 6.8 Place 5.10 Actions of Meetings 33 the Board by Consent 26 Section 6.9 Meetings; Notice 33 Section 6.10 Action Without 5.11 Meeting 34 Section 6.11 by Means of Conference Telephone Meetings 34 26 Section 6.12 Quorum 34 5.12 Committees 26 Section 6.13 Committees 34 5.13 Attorneys; Authorized Signatories 27 Section 6.14 Alternate Members 5.14 Compensation 27 Section 5.15 Elimination of Committees 35 Fiduciary Duties; Standard of Conduct 27 Section 6.15 Remuneration 35 5.16 Exculpation and Indemnification 28 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 5.17 Resolution of Conflicts of Interest; Standards of Conduct Interested Directors 30 Section 5.18 Loans and Modification of Duties 40 Contributions Between Group Members 32 Section 6.18 Certificate of Formation 43 5.19 Officers 32 Section 6.19 Officers 43 5.20 Business Opportunities 32 Section 6.20 Duties of Officers and Directors 44 Section 6.21 5.21 Reliance by Third Parties 44 33 Section 6.22 Manager 456.1 Records and Accounting 34 Section 6.2 Fiscal Year 34 Section 6.3 Reports; Confidential Information 34

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 16 Section 6.2 Number, Qualification and Term of Office of Directors 32 17 Section 6.3 Election of Directors 32 17 Section 6.4 Removal 32 17 Section 6.5 Resignations 33 17 Section 6.6 Vacancies 33 17 Section 6.7 Chairman of Meetings 33 17 Section 6.8 Place of Meetings 33 17 Section 6.9 Meetings; Notice 33 18 Section 6.10 Action Without Meeting 34 18 Section 6.11 Conference Telephone Meetings 34 18 Section 6.12 Quorum 34 18 Section 6.13 Committees 34 18 Section 6.14 Alternate Members of Committees 35 18 Section 6.15 Remuneration 35 18 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 18 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 22 Section 6.18 Certificate of Formation 43 23 Section 6.19 Officers 43 23 Section 6.20 Duties of Officers and Directors 44 23 Section 6.21 Reliance by Third Parties 44 24 Section 6.22 Manager 4524 Section 7.1 Records and Accounting 24 Section 7.2 Fiscal Year 25 Section 7.3 Reports 25

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 26 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 28 Section 6.3 5.3 Election of Directors 32 28 Section 6.4 5.4 Removal 32 29 Section 6.5 5.5 Resignations 33 29 Section 6.6 5.6 Vacancies 33 29 Section 6.7 5.7 Nomination of Directors 29 Section 5.8 Chairman of Meetings 33 30 Section 6.8 5.9 Place of Meetings 33 30 Section 6.9 5.10 Regular Meetings 30 Section 5.11 Special Meetings; Notice 33 30 Section 6.10 5.12 Action Without Meeting 34 31 Section 6.11 5.13 Conference Telephone Meetings 34 31 Section 6.12 5.14 Quorum 34 31 Section 6.13 5.15 Committees 34 31 Section 6.14 Alternate Members 5.16 [Reserved] 32 Section 5.17 Minutes of Committees 35 32 Section 6.15 5.18 Remuneration 35 32 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 32 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 5.20 Certificate of Formation 43 and Certificate of Domestication 36 Section 6.19 5.21 Officers 43 37 Section 6.20 5.22 Duties of Officers and Directors 44 39 Section 6.21 5.23 Outside Activities 40 Section 5.24 Reliance by Third Parties 44 46 Section 6.22 Manager 456.1 Records and Accounting 47 Section 6.2 Fiscal Year 47 Section 6.3 Reports 47

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 31 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 33 Section 6.3 5.3 Election of Directors 32 34 Section 6.4 5.4 Removal 32 34 Section 6.5 5.5 Resignations 33 34 Section 6.6 5.6 Vacancies 33 34 Section 6.7 5.7 Nomination of Directors 35 Section 5.8 Chairman of Meetings 33 35 Section 6.8 5.9 Place of Meetings 33 35 Section 6.9 5.10 Regular Meetings 35 Section 5.11 Special Meetings; Notice 33 35 Section 6.10 5.12 Action Without Meeting 34 35 Section 6.11 5.13 Conference Telephone Meetings 34 36 Section 6.12 5.14 Quorum 34 36 Section 6.13 5.15 Committees 34 36 Section 6.14 5.16 Alternate Members of Committees 35 36 Section 6.15 5.17 Minutes of Committees 37 Section 5.18 Remuneration 35 37 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 37 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 5.21 Certificate of Formation 43 41 Section 6.19 5.22 Officers 43 41 Section 6.20 5.23 Duties of Officers and Directors 43 Section 5.24 Outside Activities 44 Section 6.21 5.25 Reliance by Third Parties 44 Section 6.22 Manager 5.26 Acquisitions by FIG LLC 45 Section 6.1 Records and Accounting 45 Section 6.2 Fiscal Year 45 Section 6.3 Reports 45

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 25 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 26 Section 6.3 5.3 Election of Directors 32 26 Section 6.4 5.4 Removal 32 27 Section 6.5 5.5 Resignations 33 27 Section 6.6 5.6 Vacancies 33 27 Section 6.7 5.7 Nomination of Directors 27 Section 5.8 Chairman of Meetings 33 27 Section 6.8 5.9 Place of Meetings 33 27 Section 6.9 5.10 Regular Meetings 28 Section 5.11 Special Meetings; Notice 33 28 Section 6.10 5.12 Action Without Meeting 34 28 Table of Contents Section 6.11 5.13 Conference Telephone Meetings 34 28 Section 6.12 5.14 Quorum 34 28 Section 6.13 5.15 Committees 34 28 Section 6.14 5.16 Alternate Members of Committees 35 29 Section 6.15 5.17 Minutes of Committees 29 Section 5.18 Remuneration 35 29 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 29 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 32 Section 6.18 5.21 Certificate of Formation 43 32 Section 6.19 5.22 Officers 43 33 Section 6.20 5.23 Duties of Officers and Directors 44 Directors. 34 Section 6.21 5.24 Outside Activities 35 Section 5.25 Reliance by Third Parties 44 35 Section 6.22 Manager 455.26 Acquisitions by Och-Ziff Holding 35 Section 6.1 Records and Accounting 36 Section 6.2 Fiscal Year 36 Section 6.3 Reports 36

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 33 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 36 Section 6.3 5.3 Election of Directors 32 36 Section 6.4 5.4 Removal 32 36 Section 6.5 5.5 Resignations 33 37 Section 6.6 5.6 Vacancies 33 37 Section 6.7 5.7 Nomination of Directors 37 Section 5.8 Chairman of Meetings 33 37 Section 6.8 5.9 Place of Meetings 33 38 Section 6.9 5.10 Regular Meetings 38 Section 5.11 Special Meetings; Notice 33 38 Section 6.10 5.12 Action Without Meeting 34 38 Section 6.11 5.13 Conference Telephone Meetings 34 38 Section 6.12 5.14 Quorum 34 38 Section 6.13 5.15 Committees 34 39 Section 6.14 5.16 Alternate Members of Committees 35 39 Section 6.15 5.17 Minutes of Committees 39 Section 5.18 Remuneration 35 39 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 40 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 43 Section 6.18 5.21 Certificate of Formation 43 44 Section 6.19 5.22 Officers 43 44 Section 6.20 5.23 Duties of Officers and Directors 44 47 Section 6.21 5.24 Outside Activities 47 Section 5.25 Reliance by Third Parties 44 48 Section 6.22 Manager 455.26 Acquisitions by Och-Ziff Holding or Och-Ziff Corp 48 Section 6.1 Records and Accounting 49 Section 6.2 Fiscal Year 49 Section 6.3 Reports 49

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 14 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 16 Section 6.3 5.3 Election of Directors 32 16 Section 6.4 5.4 Removal 32 17 Section 6.5 5.5 Resignations 33 17 Section 6.6 5.6 Vacancies 33 17 Section 6.7 5.7 Nomination of Directors 17 Section 5.8 Chairman of Meetings 33 18 Section 6.8 5.9 Place of Meetings 33 18 Section 6.9 5.10 Regular Meetings 18 Section 5.11 Special Meetings; Notice 33 18 Section 6.10 5.12 Action Without Meeting 34 18 Section 6.11 5.13 Conference Telephone Meetings 34 18 Section 6.12 5.14 Quorum 34 18 Section 6.13 5.15 Committees 34 19 Section 6.14 5.16 Alternate Members of Committees 35 19 Section 6.15 5.17 Minutes of Committees 19 Section 5.18 Remuneration 35 19 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 20 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 22 Section 6.18 5.21 Certificate of Formation 43 23 Section 6.19 5.22 Officers 43 24 Section 6.20 5.23 Duties of Officers and Directors 44 26 Section 6.21 5.24 Outside Activities 26 Section 5.25 Reliance by Third Parties 44 27 Section 6.22 Manager 455.26 Consent Rights 27 Section 6.1 Records and Accounting 28 Section 6.2 Fiscal Year 28 Section 6.3 Reports 28 Section 7.1 Tax Elections 29 Section 7.2 Withholding 29

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 33 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 35 Section 6.3 5.3 Election of Directors 32 35 Section 6.4 5.4 Removal 32 36 Section 6.5 5.5 Resignations 33 36 Section 6.6 5.6 Vacancies 33 36 Section 6.7 5.7 Nomination of Directors 36 Section 5.8 Chairman of Meetings 33 37 Section 6.8 5.9 Place of Meetings 33 37 Section 6.9 5.10 Regular Meetings 37 Section 5.11 Special Meetings; Notice 33 37 Section 6.10 5.12 Action Without Meeting 34 37 Section 6.11 5.13 Conference Telephone Meetings 34 38 Section 6.12 5.14 Quorum 34 38 Section 6.13 5.15 Committees 34 38 Section 6.14 5.16 Alternate Members of Committees 35 38 Section 6.15 5.17 Minutes of Committees 39 Section 5.18 Remuneration 35 39 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 39 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 42 Section 6.18 5.21 Certificate of Formation 43 Section 6.19 5.22 Officers 43 Section 6.20 5.23 Duties of Officers and Directors 44 45 Section 6.21 5.24 Outside Activities 46 Section 5.25 Reliance by Third Parties 44 46 Section 6.22 Manager 455.26 Acquisitions by FIG LLC 47 Section 6.1 Records and Accounting 47 Section 6.2 Fiscal Year 47 Section 6.3 Reports 47

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 33 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 36 Section 6.3 5.3 Election of Directors 32 36 Section 6.4 5.4 Removal 32 36 Section 6.5 5.5 Resignations 33 37 Section 6.6 5.6 Vacancies 33 37 Section 6.7 5.7 Nomination of Directors 37 Section 5.8 Chairman of Meetings 33 37 Section 6.8 5.9 Place of Meetings 33 38 Section 6.9 5.10 Regular Meetings 38 Section 5.11 Special Meetings; Notice 33 38 Section 6.10 5.12 Action Without Meeting 34 38 Section 6.11 5.13 Conference Telephone Meetings 34 38 Section 6.12 5.14 Quorum 34 38 Section 6.13 5.15 Committees 34 39 Section 6.14 5.16 Alternate Members of Committees 35 39 Section 6.15 5.17 Minutes of Committees 39 Section 5.18 Remuneration 35 39 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 40 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 43 Section 6.18 5.21 Certificate of Formation 43 44 Section 6.19 5.22 Officers 43 44 Section 6.20 5.23 Duties of Officers and Directors 44 47 Section 6.21 5.24 Outside Activities 47 Section 5.25 Reliance by Third Parties 44 48 Section 6.22 Manager 455.26 Acquisitions by Och-Ziff Holding or Och-Ziff Corp 48 Section 6.1 Records and Accounting 49 Section 6.2 Fiscal Year 49 Section 6.3 Reports 49

Management and Operation of Business. Section 6.1 5.1 Power and Authority of Board of Directors 29 33 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 35 Section 6.3 5.3 Election of Directors 32 35 Section 6.4 5.4 Removal 32 36 Section 6.5 5.5 Resignations 33 36 Section 6.6 5.6 Vacancies 33 36 Section 6.7 5.7 Nomination of Directors 36 Section 5.8 Chairman of Meetings 33 37 Section 6.8 5.9 Place of Meetings 33 37 Section 6.9 5.10 Regular Meetings 37 Section 5.11 Special Meetings; Notice 33 37 Section 6.10 5.12 Action Without Meeting 34 37 Section 6.11 5.13 Conference Telephone Meetings 34 37 Section 6.12 5.14 Quorum 34 38 Section 6.13 5.15 Committees 34 38 Section 6.14 5.16 Alternate Members of Committees 35 38 Section 6.15 5.17 Minutes of Committees 38 Section 5.18 Remuneration 35 38 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 39 Section 6.17 5.20 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 42 Section 6.18 5.21 Certificate of Formation 43 Section 6.19 5.22 Officers 43 Section 6.20 5.23 Duties of Officers and Directors 44 Directors. 45 Section 6.21 5.24 Outside Activities 46 Section 5.25 Reliance by Third Parties 44 46 Section 6.22 Manager 455.26 Acquisitions by FIG LLC. 46

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 15 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 15 Section 6.3 Election 5.3 Classes of Directors 32 15 Section 6.4 5.4 Removal 32 16 Section 6.5 5.5 Resignations 33 17 Section 6.6 5.6 Vacancies 33 17 Section 6.7 5.7 Nomination of Directors 17 Section 5.8 Chairman of Meetings 33 17 Section 6.8 5.9 Place of Meetings 33 17 Section 6.9 Meetings; Notice 33 5.10 Regular Meetings 17 Section 6.10 5.11 Special Meetings 18 Section 5.12 Action Without Meeting 34 18 Section 6.11 Conference Telephone 5.13 Notice 18 Section 5.14 Meetings 34 by Remote Communication 18 Section 6.12 5.15 Quorum 34 18 Section 6.13 Committees 34 5.16 Waiver of Notice 18 Section 6.14 Alternate Members 5.17 Regulations 19 Section 5.18 Minutes 19 Section 5.19 Remuneration 19 Section 5.20 Reliance by Third Parties 19 Section 5.21 Consent Rights 20 Section 6.1 Exculpation 21 Section 6.2 Indemnification 21 Section 6.3 Duties of Committees 35 Officers and Directors 23 Section 6.15 Remuneration 35 Section 6.16 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 6.4 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 24 Section 6.18 Certificate 6.5 Outside Activities 24 Section 7.1 Designation, Powers 25 Section 7.2 Procedure; Meetings; Quorum 25 Section 7.3 Alternate Members of Formation 43 Section 6.19 Officers 43 Section 6.20 Duties of Officers and Directors 44 Section 6.21 Reliance by Third Parties 44 Section 6.22 Manager 45Committees 26

Management and Operation of Business. Section 6.1 Power and Authority of Board of Directors 29 Section 6.2 5.2 Number, Qualification and Term of Office of Directors 32 31 Section 6.3 5.3 Election of Directors 32 31 Section 6.4 5.4 Removal 32 Section 6.5 5.5 Resignations 32 Section 5.6 Vacancies 32 Section 5.7 Nomination of Directors 33 Section 6.6 Vacancies 33 Section 6.7 5.8 Chairman of Meetings 33 Section 6.8 5.9 Place of Meetings 33 Section 6.9 5.10 Regular Meetings 33 Section 5.11 Special Meetings; Notice 33 Section 6.10 5.12 Action Without Meeting 34 Section 6.11 5.13 Conference Telephone Meetings 34 Section 6.12 5.14 Quorum 34 Section 6.13 5.15 Committees 34 Section 6.14 Alternate Members 5.16 [Reserved] 35 Section 5.17 Minutes of Committees 35 Section 6.15 5.18 Remuneration 35 Section 6.16 5.19 Exculpation, Indemnification, Advances and Insurance 35 Section 6.17 Resolution of Conflicts of Interest; Standards of Conduct and Modification of Duties 40 Section 6.18 5.20 Certificate of Formation 43 and Certificate of Domestication 40 Section 6.19 5.21 Officers 43 40 Section 6.20 5.22 Duties of Officers and Directors 44 42 Section 6.21 5.23 Outside Activities 43 Section 5.24 Reliance by Third Parties 44 50 Section 6.22 Manager 456.1 Records and Accounting 50 Section 6.2 Fiscal Year 50 Section 6.3 Reports 50