13. Severabilitv. The invalidity or unenforneability of any particular pnwision of this
Agreement shall not affect the other provisions hereof, and this Agreement that be construed m all
respects as if such invalid or unenforceable provisions were omitted.
C. Amendment This Agreement may be amended or revoked at any time, in writing, with
the consent of the Sole Member. No change or modification to this Agreement shall be valid unless
in writing and signed by the Sole Member.
D. Oinding Effect Subject to the provisions of this Agreement relating to transferability,
this Agreement will be binding upon and stall inure to the benefit of the parties, and their respective
distributees, heirs, successors and assigns
E. Governing Law. Regardless of the place where this Agreement may be executed by the
Sole Member, the rights and obligations of the Sole Member, and any claims and disputes relating
thereto, shall be subject to and governed by, and construed and enforced in accordance with the
laws of the Territory of the U.S. Virgin Islands.
IN WITNESS WHEREOF, the Sole Member makes and executes this Operating Agreement on
the day and year first written above.
DESIGNATION AS MANAGER
AND THE TERMS HEREOF
APPLICABLE TO THE MANAGER
ARE ACCEPTAED
Visoski
7
Confidential Treatment Requested by JPM-SDNY-00002301
JPMorgan Chase
CONFIDENTIAL SDNY_GM_00271499
EFTA01480207