Restated Limited Liability Company Agreement
ORGANIZATIONthe Confidential Offering Memorandum
ORGANIZATION3
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17.13 Context 31 EFTA01394897 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF LONG TERM INSURED CREDIT FUND, LLC This Amended and Restated Limited Liability Company Agreement (as amended or restated from time to time, this "Agreement") is made on September 26, 2018 by and among ESM Management LLC, a Delaware limited liab
onal and offering expenses include, without limitation, formation costs, offering expenses, expenses associated with preparation of this Agreement, the Confidential Offering Memorandum and other Fund-related documents (but excluding all expenses associated with the negotiation of any Fund-related documents or side letters with inv
ntext 31 iii EFTA01399373 AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF LONG TERM INSURED CREDIT FUND, LLC This Amended and Restated Limited Liability Company Agreement (as amended or restated from time to time, this "Agreement") is made on September 26, 2018 by and among ESM Management LLC, a Delaware limited li
al and offering expenses include, without limitation, formation costs, offering expenses, expenses associated with preparation of this Agreement, the Confidential Offering Memorandum and other Fund-related documents (but excluding all expenses associated with the negotiation of any Fund-related documents or side letters with i
e "OriginalAgreement") WHEREAS, the Original Agreement was subsequently amended and restated in its entirety as of March 1, 2011 by the Amended and Restated Limited Liability Company Agreement of the Fund (the "Amended Agreement"); WHEREAS, the Amended Agreement was subsequently amended and restated in its entirety as of April 1, 2014 by
dential Offering Memorandums of the Fund, including the Confidential Offering Memorandum of Class A Interests of the Fund, dated November 2018, and the Confidential Offering Memorandum of Class B Interests of the Fund, dated November 2018, each as may be amended or supplemented from time to time. Original Agreement shall have the
Entities connected to both Restated Limited Liability Company Agreement and the Confidential Offering Memorandum

United States
LOCATION
New York
LOCATIONthe Confidential Information
ORGANIZATIONUnaffiliated
ORGANIZATION
Federal Reserve
ORGANIZATIONthe Securities and Exchange Commission
ORGANIZATION
UBS AG
ORGANIZATION
the Cayman Islands
LOCATIONErnst & Young LLP
ORGANIZATIONUBS Fund Advisor
ORGANIZATIONMillennium USA LP
ORGANIZATION
Fannie Mae
ORGANIZATIONLehman
ORGANIZATION
Millennium
ORGANIZATIONthe Fund of the
ORGANIZATIONInterest(s
ORGANIZATIONthe Limited Liability Companies Law
ORGANIZATIONLong Term Insured Credit Fund
ORGANIZATION
Wilmington
LOCATIONthe Administrative Services Agreement
ORGANIZATION