LimitedLiabilityCompanyAgreement.doc

LimitedLiabilityCompanyAgreement ?a(state)limitedliabilitypany ?effectiveasof(m,d,y) ?theinterestsdescribedandrepresentedbythislimitedliabilitypanyagreementhavenotbeenregisteredunderthesecuritiesactof1933(theactoranyapplicablestatesecuritieslaws(stateacts)andarerestrictedsecuritiesasthattermisdefinedinrule144undertheact.thesecuritiesmaynotbeofferedforsale,sold,orotherwisetransferredexceptpursuanttoaneffectiveregistrationstatementorqualificationundertheactandapplicablestateactsorpursuanttoanexemptionfromregistrationundertheactandapplicablestateacts,theavailabilityofwhichistobeestablishedtothesatisfactionofthepany. ?tableofcontents ?article1.definitions ?1.1accretionamount ?1.2act ?1.3affiliate ?1.4agreement ?1.5business. ?1.6businessplan ?1.7capitalaccount ?1.8capitalcontribution. ?1.9certificateofformationorcertificate ?1.10changeofcontrol ?1.11code. ?1.12monunit ?1.13pany ?1.14panyproperty. ?1.15confidentialinformation. ?1.16deficitcapitalaccount ?1.17depreciation. ?1.18distributablecash. ?1.19distribution. ?1.20economicinterest ?1.21economicinterestowner ?1.22entity. ?1.23equityowner. ?1.24fiscalyear ?1.25grossassetvalue ?1.26holders ?1.27ipo ?1.28intellectualpropertyrights. ?1.29licenseagreement ?1.30majorityinterest ?1.31manager ?1.32member. ?1.33membershipinterest ?1.34fff. ?1.35fffoptions. ?1.36fffdilutiveunits ?1.37nii ?1.38niisale. ?1.39nonpetitiveactivity ?1.40hhhpartnersdomestic. ?1.41hhhpartnersoverseas. ?1.42hhhpartners ?1.43ownershipinterest. ?1.44preferredsalefee. ?1.45proportionatelydilutiveunits. ?1.46putperiod. ?1.47putright ?1.48person. ?1.49preferredtomonconversionoption ?1.50preferredunits ?1.51profitsandlosses. ?1.52proportionately ?1.53redemptionprice. ?1.54regulations ?1.55reorganization. ?1.56reserves. ?1.57saleorsell. ?1.58secretaryofstate. ?1.59sellingequityowner. ?1.60sharingratio ?1.61state ?1.62successorcorporation ?1.63twothirdsinterest ?1.64unrecoveredlosses. ?1.65votinginterest ?article2.formationofpany ?2.1formation ?2.2name. ?2.3principalplaceofbusiness ?2.4registeredofficeandregisteredagent. ?2.5term.1 ?article3.businessofpany. ?3.1permittedbusiness. ?sandaddressesofequityowners ?article5.rightsanddutiesofmanagerandofficers. ?5.1management ?5.2number,tenureandqualifications. ?5.3certainpowersofmanager. ?5.4limitationsonauthority ?5.5liabilityforcertainacts ?5.6managerandmembershavenoexclusivedutytopany;nonpetitioncovenant ?5.7bankaccounts. ?5.8indemnityofthemanager,employeesandotheragents ?5.9resignation. ?5.10removal ?5.11vacancies ?5.12pensation,reimbursement,organizationexpenses. ?5.13annualoperatingplan ?5.14righttorelyonthemanager. ?5.15officers. ?article6.rightsandobligationsofequityowners. ?6.1limitationofliability ?6.2listofequityowners ?6.3equityownershavenoagencyauthority. ?6.4panybooks ?6.5priorityandreturnofcapital ?6.6licenseagreement ?6.7warrants. ?article7.meetingsofmembers. ?7.1norequiredmeetings. ?7.2placeofmeetings ?7.3noticeofmeetings. ?7.4meetingofallmembers. ?7.5recorddate ?7.6quorum. ?7.7mannerofacting. ?7.8proxies ?7.9actionbymemberswithoutameeting ?7.10waiverofnotice. ?article8.contributionstothepanyandcapitalaccounts. ?8.1memberscapitalcontributions. ?8.2additionalcontributions. ?8.3capitalaccounts. ?8.4withdrawalorreductionofequityownerscontributionstocapital. ?article9.allocations,inetax,distributions,electionsandreports. ?9.1allocationsofprofitsandlossesfromoperations ?9.2specialallocationstocapitalaccounts ?9.3creditorchargetocapitalaccounts. ?9.4distributions ?9.5limitationupondistributions ?9.6accountingprinciples ?9.7interestonandreturnofcapitalcontributions ?9.8loanstopany. ?9.9accountingperiod ?9.10recordsandreports ?9.11returnsandotherelections ?9.12taxmatterspartner ?9.13certainallocationsforinetax(butnotbookcapitalaccountpurposes. ?article10.transferability ?10.1general ?10.2rightoffirstrefusalandcosale. ?10.3transfereenotmem