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OPERATING AGREEMENT OF NEW YORK STRATEGY GROUP, LLC A New York Limited Liability Company THIS OPERATING AGREEMENT (this "Agreement') of NEW YORK STRATEGY GROUP, LLC, a New York limited liability company (the "Company"), organized under

A_00 164627 EFTA01295259 therewith shall be determined by the affirmative vote or the written consent of Members holding a majority percentage of the Membership Interests of the Company. B. Limitation of Manager's Authority. Notwithstanding anything to the contrary provided in the foregoing, the written consent of the Sole Member

OPERATING AGREEMENT OF NES, LLC A New York Limited Liability Company THIS OPERATING AGREEMENT (this "Agreement") of NES, LLC, a New York limited liability company (the "Company"), organized under the Limited Liabilit

the Company in connection therewith shall be determined by the affirmative vote or the written consent of Members holding a majority percentage of the Membership Interests of the Company. 4 SDNY_GM_00054066 CONFIDENTIAL - PURSUANT TO FED. R.CON(FIDENTIAL DB-SONY-0016890 EFTA_00164636 EFTA01295266 B. Limitation of Manager's Au

OPERATING AGREEMENT OF NES, LLC A New York Limited Liability Company THIS OPERATING AGREEMENT (this "Agreement") of NES, LLC, a New York limited liability company (the "Company"), organized under the Limited Liabilit

the Company in connection therewith shall be determined by the affirmative vote or the written consent of Members holding a majority percentage of the Membership Interests of the Company. 4 SDNY_GM_00062393 o• c‘i co 8 0 Lc 9 ta.. is] 2 0 03.1 0 CONFIDENTIAL CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) EFTA01298253

EFTA01404906 EFTA01404907 EFTA01404908 EFTA01404909 EFTA01404910 OPERATING AGREEMENT OF NEW YORK STRATEGY GROUP, LLC A New York Limited Liability Company TfflS OPERATING AGREEMENT (this "Agreement") of NEW YORK STRATEGY GROUP, LLC, a New York limited liability company (the "Company"), organized unde

Company in coimection 3 therewith shall be determined by the affirmative vote or the written consent of Members holding a majority percentage of the Membership Interests of the Company. Limitation of Manager's Authority. Notwithstanding anything to the contrary provided in the foregoing, the written consent of the Sole Member shal

EFTA01404892 EFTA01404893 EFTA01404894 EFTA01404895 EFTA01404896 EFTA01404897 OPERATING AGREEMENT OF NES,LLC A New York Limited Liability Company TfflS OPERATING AGREEMENT (this "Agreement") of NES, LLC, a New York limited liability company (the "Company"), organized under the Limited Liabili

the Company m connection therewith shall be determined by the affirmative vote or the written consent of Members holding a majority percentage of the Membership Interests of the Company. 4 B. Limitation of Manager's Authority. Notwithstanding anything to the contrary provided in the foregoing, the written consent of the Sole Memb