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' ' MEMBERSHIP AGREEMENT=JULIE, INC. <br /> AMENDED-July 19,2000 <br /> • determined in the prior paragraph and the denominator of which is the sum of the votes of <br /> all members who are providing indemnification and hold harmless protection to the <br /> corporation. (For instance, in the prior paragraph if there are three members providing <br /> indemnification and hold harmless protection to the corporation and two are entitled to <br /> cast 50,000 votes each and one 25,000 the respective fractions would be: <br /> 50,000 50,000 and 25,000, or 2, 2, and 1 <br /> 125,000 125,000 125,000 5 5 5 <br /> ARTICLE III <br /> 3.1 Each member shall secure and maintain in force during the term of this <br /> Agreement Comprehensive General Liability Insurance, including Contractual Liability <br /> , <br /> insurance. Such insurance shall be in such form, in such amounts, and with such <br />' companies as are acceptable to the corporation and is in accordance with the standards �I <br /> set forth �n the Operating Rules and Re ulations of the co oration. ' <br /> 9 rp A certification <br /> evidencing such insurance shall be filed with the corporation before this Membership I <br /> Agreement shall become effective and shall provide evidence that the policy has been <br /> endorsed to provide thirty (30) days', notice of cancellation or change thereof. Said <br /> insurance requirements may be waived at the discretion of the corporation. <br /> ARTICLE IV <br /> 4.1 This Agreement is made pursuant to and shall be governed by the laws of <br /> the State of Illinois applicable to agreements made and to be entirely performed within <br /> such State. <br /> 4.2 In the event that any provision of this Agreement or the application of such <br /> provision to any party or circumstance, shall be held to be invalid or unenforceable, the <br /> - 5 - � <br />