1316 N Sycamore St, Unit 100 & 101 - Plan

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Copyright 2002-2019, LegalContracts.com 69.All of the rights, remedies and benefits provided by this Agreement will be cumulative and will not be exclusive of any other such rights, remedies and benefits allowed by law. Definitions 70.For the purpose of this Agreement, the following terms are defined as follows: a."Additional Contribution" means Capital Contributions, other than Initial Contributions, made by a Member to the Company. b."Capital Contribution" means the total amount of cash, property, or services contributed to the Company by any one Member. c."Initial Contribution" means Capital Contributions made by a Member to acquire an interest in the Company. d."Member's Interests" means the Member's collective rights, including but not limited to, the Member's right to share in profits, Member's right to a share of Company assets on dissolution of the Company, Member's voting rights, and Member's rights to participate in the management of the Company. e."Net Profits or Losses" means the net profits or losses of the Company as determined by generally accepted accounting principles (GAAP). f."Operation of Law" means rights or duties that are cast upon a party by the law, without any act or agreement on the part of the individual including, but not limited to, an assignment for the benefit of creditors, a divorce, or a bankruptcy. g."Principal Office" means the office whether inside or outside the State of California where the executive or management of the Company maintain their primary office. IN WITNESS WHEREOF the Member has duly affixed their signature under hand and seal on this 17th day of April, 2019. _____________________________ Jamal Hasan (Member) LLC Operating Agreement Page 12 of 12 1316 N Sycamore St, Unit 100 & 101 - 101115529-3011/8/2023