SECOND AMENDMENT TO
LIMITED LIABILITY COMPANY AGREEMENT OF
WESTFIELD PARTNERS, L.L.C.
This SECOND AMENDMENT to the LIMITED LIABILITY COMPANY AGREEMENT of
WESTFIELD PARTNERS, L.L.C. (the "Company") is dated as of December 31, 1999,
among WESTFIELD CAPITAL MANAGEMENT COMPANY, INC., a Massachusetts corporation,
as the Manager, and the undersigned Members, comprising all of the Members of
the Company, effective as of the date hereof.
WITNESSETH:
WHEREAS, the Manager and the Members entered into a Limited Liability
Company Agreement dated as of July 7, 1999, as amended on December 1, 1999 (the
"Agreement");
WHEREAS, the Manager and the Members desire to revise the Agreement to
grant additional discretion to the Manager to allocate Profit Sharing Income
among the Manager and the Members;
NOW THEREFORE, for good and valuable consideration the receipt and
sufficiency of which are hereby acknowledged, the parties hereby agree and the
Agreement is hereby amended as follows:
1. DEFINITIONS. Terms used herein and not otherwise defined herein are
used herein as defined in the Agreement.
2. AMENDED PROVISIONS. Section 6.2 of the Agreement is hereby amended
in its entirety to read:
6.2 PROFIT SHARING INCOME. As of the last business day of each
fiscal year for such fiscal year, the Manager shall allocate
Profit Sharing Income as follows:
6.2.1 65 percent of the Profit Sharing Income attributable to each
Fund (or such lesser amount pursuant to Section 6.5) to the
Capital Accounts of the Members other than the Manager. The
amount of such allocation, if any, to the Capital Account of
any particular Member is to be determined in the sole
discretion of the Manager.
6.2.2 10 percent of the Profit Sharing Income attributable to each
Fund to the Capital Account of the Manager.
6.2.3 25 percent of the Profit Sharing Income attributable to each
Fund to the Capital Accounts of the Members, including the
Capital Account of the Manager. The amount of such allocation,
if any, to the Capital Account of any particular Member or the
Manager is to be determined in the sole discretion of the
Manager.
3. Except as otherwise modified hereby, all other provisions of the
Agreement are hereby ratified, confirmed and approved and remain in full force
and effect.
IN WITNESS WHEREOF, the undersigned, have executed this Second
Amendment as of the date first written above.
MANAGER
Westfield Capital Management Company, Inc.
By: ___________________________________
Name: Xxxxxxx X. Xxxxxxxxx
Title: Senior Vice President
MEMBERS
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C. Xxxxxxx Xxxxxx
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Xxxxxx X. Xxxxxxxxxxx
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Xxxxxxx X. Xxxxxxxxx
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Xxxxxxx X. Xxxxxx
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B. Xxxxxxx Xxxxx
