OPERATING AGREEMENT OF MACRO INFLATION DEPOSITOR, LLC (a Delaware Limited Liability Company) by MACROMARKETS LLC, as the sole Member dated as of November 30, 2007Operating Agreement • December 7th, 2007 • Macro Inflation Depositor, LLC • Delaware
Contract Type FiledDecember 7th, 2007 Company JurisdictionThis Operating Agreement, (as further amended, supplemented or otherwise modified and in effect from time to time, the "Agreement") of MACRO Inflation Depositor, LLC, a Delaware limited liability company (the "Company"), is made as of this [ ] day of November 2007 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").