Exhibit 4.7
*CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
SECOND AMENDMENT
TO
AMENDED AND RESTATED OPERATING AGREEMENT
OF
VAN DER MOOLEN SPECIALISTS USA, LLC
Dated: January 3, 2005
SECOND AMENDMENT, dated January 3, 2005 (the "Amendment"), to the
Amended and Restated Operating Agreement, dated December 1, 2004, as amended by
that certain First Amendment, dated December 30, 2004 (the "Operating
Agreement"), of Van der Moolen Specialists USA, LLC, a New York limited
liability company (the "Company"), by and among the entity and individuals
listed on Schedule A hereto (each, a "Member" and collectively, the "Members").
WHEREAS, effective as of the close of business on December 31, 2004,
James P. Cleaver, Jr. retired and ceased to be a member of the Company;
WHEREAS, the Profit & Loss Percentage held by Mr. Cleaver has been
added to the Float; and
WHEREAS, the Members wish to amend Schedule A to the Operating
Agreement of the Company to reflect the foregoing changes.
NOW, THEREFORE, in consideration of the foregoing premises and the
terms and conditions set forth in this Amendment, the Members hereby agree as
follows:
1. Capitalized terms used but not defined herein shall have the
meanings ascribed to such terms in the Operating Agreement.
2. Schedule A to the Operating Agreement is hereby deleted and Schedule
A annexed to this Amendment shall be substituted therefor.
3. In all other respects the Operating Agreement is hereby ratified and
confirmed in its entirety.
[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK;
SIGNATURE PAGES FOLLOW]
IN WITNESS WHEREOF, the Members have executed this Amendment as of the
date and year first written above.
MILL BRIDGE IV, LLC
By:
----------------------------
Name:
Title: Manager
- -------------------------------- --------------------------------
JASON N. BLATT NICHOLAS R. BRIGANDI
- -------------------------------- --------------------------------
ROBERT J. BURKE TERRENCE P. BURNS
- -------------------------------- --------------------------------
JAMES J. CAMPANELLA MATTHEW C. CEBULSKI
- -------------------------------- --------------------------------
FORREST CLOSE, II CHRISTOPHER S. DEARBORN
- -------------------------------- --------------------------------
JAMES E. DEMAIRA, JR. CHARLES P. DOLAN
- -------------------------------- --------------------------------
JOHN F. X. DOLAN ROBERT B. FAGENSON
- -------------------------------- --------------------------------
PAUL D. FRANKEL ANDREW J. GRABOWSKI
2
- -------------------------------- --------------------------------
ROBERT W. GRAHAME STEPHEN R. GREEN
- -------------------------------- --------------------------------
THOMAS M. GREENHILL STEVEN GROSSMAN
- -------------------------------- --------------------------------
MARK A. INNAIMO PHILIP T. KEATING
- -------------------------------- --------------------------------
M. ANDICA KUNST KEVIN J. LYDEN
- -------------------------------- --------------------------------
MARK J. MAZZELLA SCOTT E. MAZZELLA
- -------------------------------- --------------------------------
MICHAEL J. MCDONNELL SCOTT E. MCMAHON
- -------------------------------- --------------------------------
JAMES L. MILLER DAVID A. MIRANDA
- -------------------------------- --------------------------------
IRWIN MISSHULA JOHN D. MONAHAN
- -------------------------------- --------------------------------
DANIEL P. MORRISEY NICHOLAS S. ORLANDO
3
- -------------------------------- --------------------------------
ERIC B. OSCHER THOMAS PERRY
- -------------------------------- --------------------------------
STEVEN M. RUBINSTEIN EDWARD J. SCAVONE
- -------------------------------- --------------------------------
JAMES J. SCAVONE STEPHEN M. SCAVONE
- -------------------------------- --------------------------------
THOMAS E. SCAVONE THOMAS H. SHAFER
- -------------------------------- --------------------------------
STEPHEN J. SHERMAN CHRISTOPHER C. SMITH
- -------------------------------- --------------------------------
GREGG F. SORRENTINO ROBERT M. SPIEGELBERG
- -------------------------------- --------------------------------
LOUIS J. SPINA MARTIN B. STEINTHAL, III
- -------------------------------- --------------------------------
GLEN R. SURNAMER JOSEPH A. TALENTO
4
- -------------------------------- --------------------------------
JOSEPH V. TALENTO ALBERT VEENSTRA
- -------------------------------- --------------------------------
THOMAS J. VERDIGLIONE MARK E. WAGNER
- -------------------------------- --------------------------------
GREGORY R. WERTZ HAROLD YOSCO
5
*CONFIDENTIAL MATERIAL HAS BEEN OMITTED AND FILED SEPARATELY WITH THE
COMMISSION.
Schedule A
----------
to
AMENDED AND RESTATED OPERATING AGREEMENT
of
VAN DER MOOLEN SPECIALISTS USA, LLC
-----------------------------------
Dated: January 3, 2005
- --------------------------------------------------------------------------------------------------------
MEMBERS
- --------------------------------------------------------------------------------------------------------
Stated Profit and Loss
Name Address Capital ($) Percentage (%)
---- ------- ----------- --------------
- --------------------------------- ---------------------------- ------------------ ----------------------
Mill Bridge IV, LLC 45 Broadway, 29th Fl. * 75.0000
New York, NY 10006
- --------------------------------- ---------------------------- ------------------ ----------------------
Jason N. Blatt * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Nicholas Brigandi * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Robert J. Burke * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Terence P. Burns * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
James J. Campanella * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Matthew C. Cebulski * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Forrest Close, II * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Christopher S. Dearborn * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
James E. DeMaira, Jr. * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Charles P. Dolan * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
John F. X. Dolan * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Robert B. Fagenson * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Paul D. Frankel * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Andrew J. Grabowski * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Robert W. Grahame * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Stephen R. Green * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Thomas M. Greenhill * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Steven Grossman * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Mark A. Innaimo * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Philip T. Keating * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
M. Andica Kunst * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Kevin J. Lyden * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Mark J. Mazzella * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Scott E. Mazzella * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Michael J. McDonnell * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
i
Scott E. McMahon * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
James L. Miller * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
David A. Miranda * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Irwin Misshula * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
John D. Monahan * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Daniel Morrisey * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Nicholas R. Orlando * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Eric B. Osher * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Thomas Perry * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Steven M. Rubinstein * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Edward J. Scavone * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
James J. Scavone * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Stephen M. Scavone * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Thomas E. Scavone * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Thomas H. Shafer * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Stephan J. Sherman * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Christopher C. Smith * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Gregg Sorrentino * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Robert M. Spiegelberg * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Louis J. Spina * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Martin B. Steinthal III * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Glen R. Surnamer * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Joseph A. Talento * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Joseph V. Talento * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Albert Veenstra * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Thomas J. Verdiglione * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Mark E. Wagner * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Gregory R. Wertz * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Harold Yosco * * *
- --------------------------------- ---------------------------- ------------------ ----------------------
Float Percentage * *
- --------------------------------- ---------------------------- ------------------ ----------------------
TOTAL * 100,000%
- --------------------------------- ---------------------------- ------------------ ----------------------
ii
Exhibit 8: Subsidiaries of Van der Moolen Holding N.V.
Subsidiary Country of Incorporation % Ownership Interest
- ---------- ------------------------ --------------------
VDM Specialists United States of America 75.0
Van der Moolen Options USA, LLC(1) United States of America 100.0
Van der Moolen Effecten Specialist B.V. Netherlands 100.0
Van der Moolen Obligaties B.V. Netherlands 100.0
Van der Moolen Trading GmbH Germany 100.0
Van der Moolen Equities, Ltd. United Kingdom 100.0
(1) The activities of Van der Moolen Options USA, LLC were sold in December
2004.