EFTA01358397

DEUTSCHE BANK Fax 410895513E Sep 20 2013 06:0Sam P014/037 OPEBAIINO AGREE IENT QV. 1\rtie . 02_32 Odsi SOUThERN RECANCIALALC A.U.S.•Vitgin 1i/andiaimitaLiatalit Company THIS OPERATING .4120310NT (Orin "hrgetnear)' is made and entered: into as of February 26, 2012, by Sot Trust Cavern, tits. (hersinailar lefeavd. to as Iple Mengel with n.blisiness addict is 6100 Red Hook Quarten3, St Tiottes,B.S. Virgin Wanda 00802, and whet, h%elly. forms Southern Financial; Itc,,it U.S. Vin islands Liveried Liability Colittargl(te "614a1191..pirtsuaiii to the U SI Virght Island* Uilifotm tailed Liability Coinpany At& (the 'Ace' up0ri the following ferns and conditions: SECTION! OgAMTAtrON4 FORIOCITO A. frppation. The. Cappany has lacerotgerizted u.a1J.S; Virgin Wands **tritest Liability Company imde: and puns to theD.a Vugin Islandillpiked fabilitY Campisy Act (the "Aet"). • by the filing of ArtickS of QtganizatiOn ("Articles') witlethe•Offige o£the Litt:tenant Governor. on February 25.,2013, as tentilred by the Att • NAmt The rate Odle Company. Shall be "Southern Sluential,.131.C; The Company ipott propernotice and filing witirtheOfgce. of *Lieutenant Governor ofthe G.S. Virgin islands thy cOndoctiti business "under vie or mote assumed names. C. Furposel: the purpose oftbe Company is to Opiate ahrlawful btness or to effecnete any Appose permitted. by theism. of the territory of the U:S. Vigra Istimds. The Co:npity shalt have all the powers necemary•or connate:* to offectlanyWorree for whieh if is form en, hkrinditg allpowtcs•grintedbythe Act p, The company ebejl got in existence petpetually,beginiiing on the ate of Sling of the Articles, milessitunitiateWby lower dissolvedandtemtheted. ElIegistodfailaent amlimotagginess. ' The Registered Qftioe ;nod Resident Agent oftht ()minify &sea-via ofoteelat within the tefritay shag RusinessteSica VI, V..C.; Sri 00 Potter Sale.14211, trite 15.,:St Thostatitta VirghttslandslX).802. The COnaiatts• Pal*Iptace 91husinest ii,6101YRed gook genie:404Si. Thomas; 11,S, Virgin islands:008021r ateh Amplate orplaoes as he Solettember ray. gerealter detednine, SECTION It CMS aRpatritt alatittn -pagrs AND cON'ttrsurtptvgaRANata ortiguilipisp2INtis 4. ,Capital Corthinnicitbv the Sole Mettiben.lnitictissuatee. The:Sole Member's. onmeallipt rights in the Company stall be reflected in "Menibeir,14 Unite,. as reccaed IA the Courpfav's frXcirds.. ttOtrthe fecund* of the: C.AmPeriy, the Setelitlember shalt:make a Capital . .contribution tothe capital of the Compan' *the anignni of SI,Crefthepretpettria-kind,•Obothi 1 CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0046034 CONFIDENTIAL SDNY GM_00192218 EFTA01358397