FEG DIRECTIONAL ACCESS FUND LLC AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENTLimited Liability Company Operating Agreement • March 1st, 2013 • FEG Directional Access Fund LLC • Delaware
THIS AMENDED AND RESTATED LIMITED LIABILITY COMPANY OPERATING AGREEMENT of FEG Directional Access Fund LLC (the “Company”) is made effective as of February 20, 2013, by the Directors of FEG Directional Access Fund, amending and restating that certain limited liability company operating agreement made effective as of March 12, 2010 (the “Previous Operating Agreement”) by and among each Director (as defined in the Previous Operating Agreement), whether a signatory thereto or who otherwise agrees to be bound by the terms hereof and serve as Director, the Investment Manager as “Initial Member”, and each person thereafter admitted to the Company and reflected on the books of the Company as a Member.
