OPERATING AGREEMENT OF MACROSHARES HOUSING DEPOSITOR, LLC (a Delaware Limited Liability Company) by MACROMARKETS LLC, as the sole Member dated as of June 4, 2008Operating Agreement • June 9th, 2008 • MacroShares Housing Depositor, LLC • Delaware
This Operating Agreement, (as further amended, supplemented or otherwise modified and in effect from time to time, the "Agreement") of MacroShares Housing Depositor, LLC, a Delaware limited liability company (the "Company"), is made as of this fourth day of June 2008 by MacroMarkets LLC, a Delaware limited liability company ("MM"), as the sole member of the Company (a "Member" and, together with any other entity that may from time to time become a member of the Company, the "Members").
