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<br />consent or vote of the sole Member. <br />Purpose <br />4.Multi-Family Rental Property. <br />Term <br />5.The Company will continue until terminated as provided in this Agreement or may dissolve under <br />conditions provided in the Act. <br />Place of Business <br />6.The Principal Office of the Company will be located at 2935 North Mountain ave, San <br />Bernardino, CA 92404 or such other place as the Member may from time to time designate. <br />Capital Contributions <br />7.The following table shows the Initial Contributions of the Member. The Member agrees to make <br />the Initial Contributions to the Company in full, according to the following terms: <br /> <br />Member Contribution Description Value of <br />Contribution <br />Jamal Hasan $0.00 <br />Allocation of Profits/Losses <br />8.Subject to the other provisions of this Agreement, the Net Profits or Losses, for both accounting <br />and tax purposes, will accrue to and be borne by the sole Member: <br /> Jamal Hasan of 115 Doverwood, Irvine, CA 92620. <br />9.Where the Company consists of two or more Members, no Member will have priority over any <br />other Member for the distribution of Net Profits or Losses. <br />Nature of Interest <br />10.A Member's interest in the Company will be considered personal property, and will at no time be <br />considered real property. <br />LLC Operating Agreement Page 2 of 12 <br />1003 W Richland Ave Units 18, <br />19, 20 & 21 - 101117246 & <br />7255-576/19/2024