LIMITED LIABILITY COMPANY OPERATING AGREEMENT
ACAS BUSINESS LOAN LLC, 2002-2
This Limited Liability Company Operating Agreement (together with the schedules attached hereto, this “
Agreement ”) of ACAS BUSINESS LOAN LLC, 2002-2 (the “ Company ”), is entered into by AMERICAN
CAPITAL STRATEGIES, LTD., as the sole equity member (“ ACAS ” or the “ Member ”), and WILLIAM
HOLLORAN and EVELYNE S. STEWARD, as the Special Members. Capitalized terms used and not
otherwise defined herein have the meanings set forth on Schedule A hereto.
The Member, by execution of this Agreement, hereby forms the Company as a limited liability company
pursuant to and in accordance with this Agreement and the Delaware Limited Liability Company Act (6 Del .
C . §18-101 et seq .), as amended from time to time (the “ Act ”), and the Member and the Special Members
hereby agree as follows:
Section 1. Name .
The name of the limited liability company formed hereby is ACAS Business Loan LLC, 2002-2.
Section 2. Principal Business Office .
The principal business office of the Company shall be located at 2 Bethesda Metro Center, 14th Floor,
Bethesda, Maryland 20814 or such other location as may hereafter be determined by the Member.
Section 3. Registered Office .
The address of the registered office of the Company in the State of Delaware is c/o Corporation Service
Company, 2711 Centerville Road, Suite 400, Wilmington, Delaware 19808.
Section 4. Registered Agent .
The name and address of the registered agent of the Company for service of process on the Company in
the State of Delaware is Corporation Service Company, 2711 Centerville Road, Suite 400, Wilmington,
Section 5. Members .
(a) The mailing address of the Member is set forth on Schedule B attached hereto. The Member
was admitted to the Company as a member of the Company upon its executio