MASTER AGREEMENT FOR THE FORMATION OF A LIMITED LIABILITY COMPANYServices Agreement • May 9th, 2007 • Jefferies Group Inc /De/ • Security brokers, dealers & flotation companies • New York
This Amended and Restated Limited Liability Company Agreement of Jefferies High Yield Holdings, LLC, a Delaware limited liability company (the “Company”), is made as of ___ ___, 2007 (as amended and in effect from time to time, this “Agreement”), by and among (a) Jefferies Group, Inc., a Delaware corporation (“JGI”), (b) Jefferies & Company, Inc., a Delaware corporation (“Jefco”), (c) Leucadia National Corporation, a New York corporation (“Leucadia”), (d) Jefferies High Yield Partners, LLC, a Delaware limited liability company (“Fund Investor”), and (e) Jefferies Employees Opportunity Fund LLC, a Delaware limited liability company (“JEOF”), as members of the Company (the “Initial Members”), and (f) the Company. Any reference in this Agreement to JGI, Jefco, Leucadia, Fund Investor or JEOF shall include such Member’s successors to the extent such successors have become New Members in accordance with the provisions of this Agreement.
