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Exhibit 3.1
AMENDMENT TO THE
OPERATING AGREEMENT
OF
FIBERNET EQUAL ACCESS, L.L.C.
THIS AMENDMENT TO THE OPERATING AGREEMENT (this "Amendment"), is dated
as of November 13, 1997 and entered into by and between the undersigned members
of FiberNet Equal Access, L.L.C. , a New York limited liability company (the
"Company"). Capitalized terms used without definitions herein have the
respective meaning set forth in the Operating Agreement (as defined below).
RECITALS
WHEREAS, it is desirable to amend the Limited Liability Company
Operating Agreement of FiberNet Equal Access, L.L.C. dated as of December 16,
1996 by and between the members referenced therein (the "Operating Agreement"),
to add FiberNet Telecom, Inc., a Delaware corporation ("FiberNet") as a party
thereto and to acknowledge that SMFS, Inc., LTJ Group, Inc. and LPS Consultants,
Inc. (collectively, the "Members") are no longer members of the Company and have
no further rights or obligations under the Operating Agreement;
WHEREAS, the Members desire that Schedule A to the Operating Agreement
be amended to reflect the change in ownership of the Company; and
NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained and for other good and valuable
consideration, the sufficiency and receipt of which are hereby acknowledged, it
is mutually agreed as follows:
ARTICLE I
SECTION 1.1. ADDITION OF FIBERNET AS A PARTY. FiberNet by execution of
this Amendment hereby agrees to be bound by the terms and conditions of the
Operating Agreement as a member and agrees to be subject to the provisions of
the Operating Agreement applicable to members as though originally a signatory
and party to the Operating Agreement.
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SECTION 1.2. CONSENT TO TRANSFER OF MEMBERS' INTERESTS. Pursuant to the
Contribution Agreement dated as of November 13, 1997 by and among the
signatories listed thereto, the Members hereby consent to the transfer of all of
their respective membership interests in the Company to FiberNet Telecom, Inc.
SECTION 1.3. AMENDMENT TO SCHEDULE A. Schedule A to the Operating
Agreement is hereby amended and restated as of the effective date of this
Amendment to read in its entirety as Schedule A attached hereto.
ARTICLE II
SECTION 2.1. RELATION TO THE OPERATING AGREEMENT. The provisions of
this Amendment shall be deemed to be effective as of December 16, 1996 or
immediately upon the execution and delivery hereof. This Amendment and all the
terms and provisions herein contained shall form a part of the Operating
Agreement as fully and with the same effect as if all such terms and provisions
had been set forth in the Operating Agreement. The Operating Agreement shall
remain and continue in full force and effect in accordance with the terms and
provisions thereof, as amended by this Amendment, and the Operating Agreement
and this Amendment shall be read, taken and construed together as one
instrument.
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IN WITNESS WHEREOF, the persons signing this Amendment below
conclusively evidence their agreement to the terms and conditions of the
Operating Agreement by so signing here.
FIBERNET TELECOM, INC.
By:/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
--------------------------------
Name: ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
Title: VP Finance
SMFS, INC.
By:/s/ ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
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Name: ▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇
Title: President
LTJ GROUP, INC.
By:/s/ ▇. ▇. ▇▇▇▇▇▇▇▇▇▇
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Name: ▇. ▇. ▇▇▇▇▇▇▇▇▇▇
Title: President
LPS CONSULTANTS, INC.
By:/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
--------------------------------
Name: ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇
Title: President
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SCHEDULE A
Membership Interests in FiberNet Equal Access L.L.C.
The Members of FiberNet Equal Access L.L.C. as of November 13, 1997 are
as follows:
Name Membership Interests
FiberNet Telecom, Inc. 100%
