LIMITED LIABILITY COMPANY AGREEMENT of Deephaven Capital Management Holdings LLC among Knight Capital Group, Inc. KFP Holdings I LLC, Deephaven Managing Partners, LLC, Colin Smith, Shailesh Vasundhra and Matthew Nunn Dated as of: February 1, 2008Limited Liability Company Agreement • February 7th, 2008 • Knight Capital Group, Inc. • Security brokers, dealers & flotation companies • Delaware
THIS LIMITED LIABILITY COMPANY AGREEMENT (this “Limited Liability Company Agreement”) of Deephaven Capital Management Holdings LLC, a Delaware limited liability company (the “Company”), made as of the 1st day of February, 2008 (the “Effective Date”), by and among KFP Holdings I LLC, a Delaware limited liability company (“Knight”), Deephaven Managing Partners, LLC, a Minnesota limited liability company (the “Management Group”) (each individually, a “Member” and, collectively, the “Members”), Colin Smith (“Smith”), Shailesh Vasundhra (“Vasundhra”) and Matthew Nunn (“Nunn”, and, together with Smith and Vasundhra, the “Management Group Members”) and, solely with respect to Sections 3.01 and 7.11, Knight Capital Group, Inc., a Delaware corporation (“Knight Capital”).
