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<br />Admission of New Members <br />24.No new Members may be admitted into the Company. <br />Voluntary Withdrawal of a Member <br />25.The voluntary withdrawal of a Member will result in the dissolution of the Company. <br />26.It remains incumbent on the withdrawing Member to exercise this dissociation in good faith and <br />to minimize any present or future harm done to the remaining Members as a result of the <br />withdrawal. <br />Involuntary Withdrawal of a Member <br />27.Where the Company consists of two or more Members, events leading to the involuntary <br />withdrawal of a Member from the Company will include but not be limited to: death of a <br />Member; Member mental incapacity; Member disability preventing reasonable participation in <br />the Company; Member incompetence; breach of fiduciary duties by a Member; criminal <br />conviction of a Member; Operation of Law against a Member or a legal judgment against a <br />Member that can reasonably be expected to bring the business or societal reputation of the <br />Company into disrepute. Expulsion of a Member can also occur on application by the Company <br />or another Member, where it has been judicially determined that the Member: has engaged in <br />wrongful conduct that adversely and materially affected the Company's business; has willfully or <br />persistently committed a material breach of the Operating Agreement or of a duty owed to the <br />Company or to the other Members; or has engaged in conduct relating to the Company's business <br />that makes it not reasonably practicable to carry on the business with the Member. <br />28.The involuntary withdrawal of a Member will result in the dissolution of the Company. <br />Dissociation of a Member <br />29.Where the Company consists of two or more Members, in the event of either a voluntary or <br />involuntary withdrawal of a Member, if the remaining Members elect to purchase the interest of <br />the withdrawing Member, the remaining Members will serve written notice of such election, <br />including the purchase price and method and schedule of payment for the withdrawing Member's <br />interest, upon the withdrawing Member, their executor, administrator, trustee, committee or <br />analogous fiduciary within a reasonable period after acquiring knowledge of the change in <br />circumstance to the affected Member. <br />LLC Operating Agreement Page 5 of 12 <br />1003 W Richland Ave Units 18, <br />19, 20 & 21 - 101117246 & <br />7255-576/19/2024