Amended and Restated

Series Limited Liability Company Operating Agreement

April 17, 2019

Redwood Springs Capital Partners LLC
a Texas Series Limited Liability Company

THE INTERESTS HAVE NOT BEEN AND W ILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR THE SECURITIES LAWS OF ANY
STATE. THE INTERESTS ARE BEING OFFERED PURSUANT TO EXEMPTIONS PROVIDED BY
SECTION 4(2) OF THE SECURITIES ACT, REGULATION D THEREUNDER, CERTAIN STATE
SECURITIES LAWS AND CERTAIN RULES PROMULGATED PURSUANT THERETO. 

THE INTERESTS MAY NOT BE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS
OR (UNLESS WAIVED BY THE FUND MANAGER IN ITS SOLE DISCRETION) AN OPINION OF
COUNSEL ACCEPTABLE TO THE FUND’S MANAGER THAT SUCH REGISTRATION IS NOT
REQUIRED. 

TRANSFERABILITY OF THE INTERESTS IS FURTHER RESTRICTED BY THE TERMS
OF THIS OPERATING AGREEMENT. THE INTERESTS HAVE NOT BEEN RECOMMENDED OR
APPROVED BY THE SECURITIES AND EXCHANGE COMMISSION OR ANY STATE REGULATORY
AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR
ENDORSED THE MERITS OF THIS OFFERING OR THE ACCURACY OR ADEQUACY OF THIS
MEMORANDUM. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

PURSUANT TO AN EXEMPTION FROM THE COMMODITY FUTURES TRADING COMMISSION IN
CONNECTION W ITH POOLS WHOSE PARTICIPANTS ARE LIMITED TO QUALIFIED ELIGIBLE
PARTICIPANTS, AN OFFERING MEMORANDUM FOR THIS POOL IS NOT REQUIRED TO BE, AND
HAS NOT BEEN, FILED W ITH THE COMMISSION. THE COMMODITY FUTURES TRADING
COMMISSION DOES NOT PASS UPON THE MERITS OF PARTICIPATING IN A POOL OR UPON
THE ADEQUACY OR ACCURACY OF AN OFFERING MEMORANDUM. CONSEQUENTLY, THE
COMMODITY FUTURES TRADING COMMISSION HAS NOT REVIEWED OR APPROVED THIS
OFFERING OR ANY OFFERING MEMORANDUM FOR THIS POOL.

THE INTERESTS OFFERED HEREBY INVOLVE A HIGH DEGREE OF RISK. SEE “THE FUND -
FUND OBJECTIVE”, “RISK FACTORS” AND “CONFLICTS OF INTEREST” IN THE CONFIDENTIAL
PRIVATE PLACEMENT MEMORANDUM.

Any inquiries should be directed to:
Redwood Springs Capital Partners LLC
PO Box 
Pflugerville Texas
Phone: () -
Email: rwscp-compliance@community.turnsys.com