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AMENDED AND RESTATED <br /> OPERATING AGREEMENT <br /> OF <br /> KORWELL LAND HOLDINGS, LLC <br /> THIS AMENDED AND RESTATED OPERATING AGREEMENT OF KORWELL <br /> LAND HOLDINGS, LLC ("Operating Agreement") is made and entered into this 3rd day of <br /> September 2021, by and between Korwell Land Holdings, LLC, a Colorado limited liability <br /> company ("Company"), and Trenton Korby, Craig Rasmuson, James Chick, Michael <br /> Lordemann and Julie Lordemann hereinafter referred to as "Members." <br /> WITNESSETH: <br /> IT IS AGREED, in consideration of the promises, covenants, performance, and mutual <br /> consideration herein as follows: <br /> I <br /> FORMATION OF COMPANY <br /> 1.1 Articles of Organization. This Company is organized pursuant to the provisions of <br /> the Limited Liability Company Laws of the State of Colorado and pursuant to Articles of <br /> Organization filed with the Secretary of State on July 13, 2021. The rights and obligations of the <br /> Company and the Members shall be provided in the Articles of Organization and this Operating <br /> Agreement. <br /> 1.2 Conflict Between Articles of Organization and this Operating Agreement. If <br /> there is any conflict between the provisions of the Articles of Organization and this Operating <br /> Agreement, the terms of this Operating Agreement shall control. <br /> 1.3 General Purpose. The general purpose of the Company is to engage in any lawful <br /> business, subject to any provisions of law governing or regulating such business. <br /> 1.4 Duration. The duration of the Company shall be perpetual. <br />