Free Operating Agreement Template
OPERATING AGREEMENT
THIS AGREEMENT is made and entered into effect as of this 1st day of January 2050, by and among Maya Hailey, hereinafter referred to as "Member One," and Bert Gob, hereinafter referred to as "Member Two."
1. FORMATION
1.1 The members hereby form a Limited Liability Company ("Company") subject to the provisions of the state law under the name "PulseSphere". The Company’s principal office will be located at 707 Cedar Drive, #123, Hillcrest, FL 33124.
2. PURPOSE
2.1 The purpose of the Company is to conduct any lawful business and to exercise all rights and powers conferred upon limited liability companies under laws.
3. TERM
3.1 The term of the Company will commence on the date of this agreement and shall continue indefinitely until dissolution in accordance with Section 5 of this Agreement.
4. MANAGEMENT AND VOTING
4.1 Members will manage the Company's business and affairs. All decisions and documents relating to the management and decision-making of the Company will require the consent of all Members.
5. DISSOLUTION
5.1 Dissolution of the Company shall occur upon the unanimous vote of all Members or as required by law. Upon dissolution, the Company shall distribute its assets and wind up its affairs as per the state laws.
6. REPRESENTATIONS AND WARRANTIES
6.1 Each Member represents and warrants to the other Members that (s)he has the ability to enter this Agreement and that his/her agreement to do so does not violate any extant agreement or law.
7. AMENDMENTS
7.1 This Agreement may only be amended, restated, or otherwise modified by an instrument in writing unanimously signed by all Members.
8. GOVERNING LAW
8.1 This Agreement shall be governed by and construed in accordance with the laws of the state.
9. ENTIRE AGREEMENT
9.1 This Agreement contains the full agreement of the Members and supersedes all prior agreements relating to the Company.
Dated this 1st day of January, 2050
___________________________
Maya Hailey
___________________________
Bert Gob
