LIMITED LIABILITY COMPANY OPERATING AGREEMENT OF BLACK FAMILY GP, LLC This Limited Liability Company Operating Agreement (this "Agreement") of Black Family GP, LLC (the "Company"), is dated as of May 17, 2007 by the undersigned members (the "'Members") pursuant to the provisions of the Delaware Limited Liability Company Act, ¢ Del. C. § 18-101 et ssta. (the "Act"). 1. Formation of the Company The Members hereby ratifies, confirms and approves any and all actions taken by Aimee Albright as the Company's duly authorized agent, including, without limitation, the filing of a certificate of formation (the "Certificate") with the Secretary of State of Delaware for the purpose of forming the Company, a limited liability company formed under the Act, and the filing on behalf of the company of the certificate of limited partnership of Black Family Partners, L.P. 2. Name of the Company The name of the Company is Black Family GP, LLC. 3. Purpose This Company is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Company is, engaging in any lawful act or activity for which limited liability companies may be formed under the Act and engaging in any and all activities necessary or incidental to the foregoing. 4. Registered Office; Registered Agent The registered office of the Company in the State of Delaware is located at 2711 Centerville Road, Suite 400, Wilmington, County of New Castle, Delaware 19808. The registered agent of the Company at such address is Corporation Service Company. 5. Membership Interests Each Member is the owner of the membership interest in the Company set forth opposite their name on Schedule I. The Manager will update Schedule I at a future time to reflect the membership interests of each Member, based on the relative value of the assets contributed by each Member as determined by an independent valuation. 6. Capital Contribution by the Members No capital contributio