Laserfiche WebLink
DocuSign Envelope ID:CCABACD4-6EDA-474F-A230-6C6849B95834 <br /> r <br /> OPERATING AGREEMENT FOR <br /> FAFO HOLDINGS,LLC <br /> A NEVADA LIMITED LIABILITY COMPANY <br /> THIS OPERATING AGREEMENT ("Agreement"), is made as of August 5, 2023, by and among <br /> FAFO Holdings, LLC, a Nevada limited liability company("Company") and the parties set forth on <br /> the signature page hereto (each a "Member"), with reference to the following facts: <br /> A. On August 5, 2023, the Members filed Articles of Organization with the Nevada <br /> Secretary of State in the name of Company and executed and delivered this Agreement. <br /> B. The Members and Manager hereby adopt this Agreement as the "operating <br /> agreement" of Company under the Act (as defined below) setting forth the governance and <br /> management of Company and the rights,privileges,and restrictions of the Members and Manager. <br /> NOW,THEREFORE, in consideration of the premises and mutual agreements contained <br /> herein, the parties hereto agree as follows: <br /> ARTICLE I <br /> DEFINITIONS <br /> When used in this Agreement, the following terms shall have the meanings set forth below <br /> (all terms used in this Agreement that are not defined in this Article I shall have the meanings set <br /> forth elsewhere in this Agreement): <br /> 1.1 "Act" shall mean the Nevada Limited Liability Company Act, codified in the <br /> Nevada Corporation Code, as may be amended from time to time. <br /> 1.2 "Affiliate" shall mean any individual, partnership, corporation, trust or other entity <br /> or association, directly or indirectly, through one or more intermediaries, controlling, controlled <br /> by, or under common control with the Member. The term "control," as used in the immediately <br /> preceding sentence, means, with respect to a corporation or limited liability company the right to <br /> exercise, directly or indirectly, more than 50% of the voting rights attributable to the controlled <br /> corporation or limited liability company, and, with respect to any individual, partnership, trust, <br /> other entity or association,the possession, directly or indirectly, of the power to direct or cause the <br /> direction of the management or policies of the controlled entity. <br /> 1.3 "Agreement" shall mean this Operating Agreement, as originally executed and as <br /> amended from time to time. <br /> 2 <br />