TableofContents
ARTICLEIDEFINEDTERMSSection1.01CertainDefinedTerms2ARTICLEIIFORMATION,TERM,PURPOSEANDPOWERSSection2.01Formation15Section2.02Name15Section2.03Term15Section2.04PrincipalPlaceofBusiness16Section2.05FiscalYear16Section2.06TitletoLeagueProperty16Section2.07RegisteredAgentforServiceofProcessandOffice16Section2.08Purpose16Section2.09PowersoftheLeague16Section2.10MaintenanceofSeparateExistence16Section2.11NoPersonalLiability17ARTICLEIIIMEMBERSSection3.01Classes17Section3.02MembershipUnits17Section3.03AdmissionofInitialMembers18Section3.04AdmissionofAdditionalMembers18Section3.05Members'VotingRights19Section3.06ResignationofaMember.20Section3.07TeamBusinessPlan21Section3.08WaiverofFiduciaryDuties21Section3.09RepresentationsandWarrantiesofEachMember.21Section3.10RepresentationsandWarrantiesofClassAandClassCMembersRegardingFinancialCondition,InvestmentintheLeagueandAdditionalAgreements22Section3.11PlayersAllocationandDraft24Section3.12AnschutzAgreements24Section3.13ClassBMember24Section3.14IPCross-Licenses24ARTICLEIVCAPITALCONTRIBUTIONS,CAPITALACCOUNTSANDMEMBERSHIPUNITSSection4.01InitialCapitalContributions
of.the.InitialClassA
Membersr.i.;.:25·Section
4.0Z
Capita]ContributionsoftheClassBandClassCMembers26
NYDOCS02/849007.9