EFTA01480310

tun,* •••••••••••• pl WITHESSET11: WHEREAS, the Metal:et desires to form i• New York kilned liability company named I lb Enst 656 Street LLC (the "Company), WHEREAS. Section 4(7 of the New York LiiiLte.4 liability Company law. as the same has been amended (the "law"). requires the sole member of a limited liability company to adopt a written operating agreement of the (united liability company. NOW. THEREFORE, in order to comply with Seaton 417 of the Law, the Member hereby adapts the following as the operating agreement of the Company I Esitpurbon of the The Company will be funned. upon the filing with the Department of State of the State of New York of slit Panties of Organization of the Company in accordance with, and pursuant in, the taw lo the even' of any inconsistency between any ()cowmen of the Law and the provisions of this Opciatintr Agreement the provisions of this Operating Agreement shall gevern, unless the Law expressly provides otherwise The Member hereby approves the completion, execution, &twiny remitting and filing of the Articles of Organization of the Company by Darren K lndykc on behalf of :he Company The Member shall be the sale "member' of the Company, as defined undo the Law The Company shall be tosemsg4;ti by the Member as the sole member of the Conway The Member may delegate any too/tote )11 BSA* aleti 0ci ZlZ xvj go It 904I/Stint I 9141 9001 9I t30 11530 MdS 3A1113111, IS.?11 40 uottletto3 113•431 1 '0'0, Oita SS er 14 404043 t'd Confidential Treatment Requested by JPMorgan Chase CONFIDENTIAL JPM-SDNY-00002430 SDNY_GM_00271628 EFTA01480310