eTrade 2000 Annual Report Download - page 226

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13.2. Other Instruments and Acts 13
13.3. Binding Agreement 13
13.4. Governing Law 13
13.5. Notices 13
13.6. Power of Attorney 13
13.7. Amendment Procedure 13
13.8. Effective Date 13
13.9. Entire Agreement 13
13.10. Titles; Subtitles 13
13.11. Company Name 13
13.12. Exculpation 13
13.13. Indemnification 14
13.14. Limitation of Liability of Members 14
13.15. Arbitration 14
13.16. Tax Matters Partner 14
13.17. Taxation as Company 15
ii
Page
ARTICLE XIV MISCELLANEOUS TAX COMPLIANCE PROVISIONS 15
14.1. Substantial Economic Effect 15
14.2. Income Tax Allocations 15
14.3. Withholding 15
EXHIBIT A Members’ Capital Commitments and Percentage Interests
iii
E*TRADE VENTURES II, LLC
a Delaware Limited Liability Company
OPERATING AGREEMENT
This Operating Agreement is entered into as of the 16th day of June, 2000, by andamong (i)Christos M. Cotsakos and Thomas A.
Bevilacqua, as managing members (the “Managing Members”), and (ii)E*Trade Group, Inc. (“E*Trade”) and each of the other
persons whose names are set forth under the heading “Non-Managing Members” on ExhibitA attached hereto, as non-Managing
Members (such persons and any additional non-Managing Member admitted after the date of this Agreement being referred to herein
as the “Non-Managing Members”). The Managing Members and the Non-Managing Members are referred to herein collectively as the
“Members.”
The Members have formed the Company by causing a Certificate of Formation (the “Certificate”) conforming to the requirements of
the Delaware Revised Limited Liability Company Act (the “Act”) to be filed in the Office of the Secretary of State for the State of
Delaware.
ARTICLE I
NAME, PURPOSE AND
PRINCIPAL OFFICE OF COMPANY
1.1. Name. The name of the Company is “E*Trade Ventures II, LLC.” The affairs of the Company shall be conducted under such
name or such other name as the Managing Members may, in their discretion, determine. E*Trade hereby grants the Company the right,
at no cost, to use the “E*Trade” name for the term of the Company as set forth in Article II hereof.
1.2 . Agreement. In consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt
2002. EDGAR Online, Inc.