2.4 registered office and registered agent.
2.5 term. 1
article 3. business of company.
3.1 permitted business.
article 4. names and addresses of equity owners
article 5. rights and duties of manager and officers.
5.1 management
5.2 number, tenure and qualifications.
5.3 certain powers of manager.
5.4 limitations on authority
5.5 liability for certain acts
5.6 manager and members have no exclusive duty to company; noncompetition covenant
5.7 bank accounts.
5.8 indemnity of the manager, employees and other agents
5.9 resignation.
5.10 removal
5.11 vacancies
5.12 compensation, reimbursement, organization expenses.
5.13 annual operating plan
5.14 right to rely on the manager.
5.15 officers.
article 6. rights and obligations of equity owners.
6.1 limitation of liability
6.2 list of equity owners
6.3 equity owners have no agency authority.
6.4 company books
6.5 priority and return of capital
6.6 license agreement
6.7 warrants.
article 7. meetings of members.
7.1 no required meetings.
7.2 place of meetings
7.3 notice of meetings.
7.4 meeting of all members.
7.5 record date
7.6 quorum.
7.7 manner of acting.
7.8 proxies
7.9 action by members without a meeting
7.10 waiver of notice.
article 8. contributions to the company and capital accounts.
8.1 members' capital contributions.
8.2 additional contributions.
8.3 capital accounts.
8.4 withdrawal or reduction of equity owners' contributions to capital.
article 9. allocations, income tax, distributions, elections and reports.
9.1 allocations of profits and losses from operations
9.2 special allocations to capital accounts
9.3 credit or charge to capital accounts.
9.4 distributions
9.5 limitation upon distributions
9.6 accounting principles
9.7 interest on and return of capital contributions
9.8 loans to company.
9.9 accounting period
9.10 records and reports
9.11 returns and other elections
9.12 tax matters partner
9.13 certain allocations for income tax (but not book capital accountpurposes.
article 10. transferability
10.1 general
10.2 right of first refusal and cosale.
10.3 transferee not member in absence of consent
10.4 additional conditions to recognition of transferee.
10.5 put rights.
10.6 sales to affiliates
10.7 right of first offer.
article 11. issuance of membership interests; options; conversion rights.