Llc Operating Agreement (Page 5 of 5) in pdf

directly and indirectly, and wherever situated, and may own, hold, improve, lease, exchange, trade, transfer

or otherwise dispose of such properties, and the Company may enter into such contracts, agreements, ven-

tures or arrangements with other partnerships, joint ventures, corporations, trusts, associations, individuals,

limited liability companies, or other entities as may be deemed necessary by the Company to accomplish any

of its purposes.

1.2.5. The foregoing powers and purposes are not intended as a limitation on the Company, and the

Company acting through its Manager shall have the power to do all acts necessary to the operation of the

business as aforesaid.

Section 1.3. Term. The term of the Company began upon the acceptance of the Articles of Organi-

zation and shall continue perpetually unless its existence is sooner terminated pursuant to Article VI of this

Agreement.

Section 1.4. -Principal Office. The principal office of the Company shall be located at

_______________________________, or at any other place which the Manager selects.

Section 1.5. Registered Agent and Registered Office. The name and address of the Company’s resi-

dent agent in the State of Indiana shall be _____________________________. The registered office of

the Company shall also be __________________________________.

Section 1.6. Members. The name, present mailing address, taxpayer identification number, and

Percentage of each Member shall be set forth on Exhibit A, as amended from time to time.

Section 1.7. -Certificate of Interest or Membership. Interest or Membership in the Company held

by Interest Holders, including Members and non-Members, shall be represented by Certificates of Interest or

Certificates of Membership, as the case may be, substantially in the form shown in Exhibit E.

ARTICLE II.

Capital and Capital Accounts

Section 2.1. -Initial Capital Contributions. The Initial Capital Contribution of each Member shall be

as set forth on Exhibit A.

Section 2.2. -No Other Capital Contributions. No Member shall be required to contribute any addi-

tional capital to the Company, and except as set forth in the Act, no Member shall have any personal liability

for any obligations of the Company. In order to obtain additional funds or for other business purposes, how-

ever, additional capital may be contributed to the Company by the Class A Members upon unanimous Vote

of the Class A Members or in accordance with the provisions of Section 2.3, but only upon the written con-

sent of the Manager.

Section 2.3. -Additional Capital. Upon Unanimous Vote of the Class A Members or of the Class B

Members if there are no Class A Members and the written consent of the Manager, if such Members deter-

mine that additional funds are required by the Company, such Members and Manager may cause the Com-

pany to deliver a written notice to each Interest Holder (a “Funds Request”), requesting that the Interest

Holder contribute to the Company as additional capital their pro rata share of such required amount. The

Company shall not be required to borrow or attempt to borrow funds from third parties, or to otherwise

obtain the necessary funds, before making a Funds Request. Each Interest Holder may, but is not required to,

within sixty (60) days after receipt of the Funds Request, contribute to the Company in cash an amount up to

Llc Operating Agreement Page 5