LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF CBOE V, LLC (a Delaware limited liability company)Operating Agreement • March 1st, 2017 • Bats Global Markets, Inc. • Security & commodity brokers, dealers, exchanges & services • Delaware
THIS LIMITED LIABILITY COMPANY OPERATING AGREEMENT (this “Agreement”) is executed as of September 25, 2016 by CBOE Holdings, Inc. (the “Member”). The Member, intending to be legally bound, hereby states the terms of its agreement as to the affairs of, and the conduct of the business of, CBOE V, LLC, a limited liability company (the “Company”), as follows:
