Common Contracts

OPERATING AGREEMENT

Operating Agreement • December 1st, 2016

• Contract Type
  Operating Agreement
• Filed
  December 1st, 2016

This OPERATING AGREEMENT (this “Agreement”), dated as of December 31, 2011 (the “Effective Date”) is entered into by and among Deutsche Bank AG, a German AktienGesellschaft (“DBAG”), and Deutsche Bank Financial LLC, a Delaware limited liability company (“Affiliate” and together with DBAG, the “Parties”).