94 lines
3.3 KiB
Markdown
94 lines
3.3 KiB
Markdown
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# Accounts and Records
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## Records and Accounting; Reports; Fiscal Affairs
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Proper and complete records and books of accounting of the business of the Company,
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including a list of names, addresses and interests of all Members, shall
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be maintained under the direction of the Board Of Directors at the
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Company's principal place of business. Each Member or his or her duly
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authorized representative may examine the books of account of the
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Company records, reports and other papers regarding the business and
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financial condition of the Company, make copies and extracts therefrom
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at such Member's expense, and discuss the affairs, finances and accounts
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of the Company with independent public accountants of the Company, all
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at such reasonable times and as often as may be reasonably requested.
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The books and records of the Company shall be kept on a cash basis in
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accordance with generally accepted accounting principles applied on a
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consistent basis, and in all events shall conform with Generally
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Accepted Accounting Policies and Procedures.
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## Fiscal Year End
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The fiscal year end of the Company shall be December 31.
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## Keeper of the Books
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At all times during the term of existence of
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the Company, and beyond that term if deemed by Board Of Directors to be
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necessary, the CFO shall keep or cause to be kept the books of accounts
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referred to in this section and the following:
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* A current list of the full name and last known business or
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residence address of each Member and Director, together with the
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Capital Contribution and the share in Profits and Losses of each Member;
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* A copy of the Certificate of Formation, as amended;
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* Executed counterparts of this Agreement, as amended;
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* Executed Supplements and Consents, if any;
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* Any powers of attorney under which the Company takes action;
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* Copies of the Company's federal, state, and local income tax or
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information returns and reports, if any, for the six (6) most recent
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taxable years;
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* Financial statements of the Company for the six (6) most recent
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fiscal years; and
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* All Company records as they relate to the Company's internal
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affairs for the current and past four (4) fiscal years.
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## Member Examination of Records
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Each Member, at its expense and under
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the circumstance and conditions set forth in the BOC, may at all
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reasonable times during usual business hours, audit, examine and make
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copies of account records, files and bank statements of the Company.
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Such right may be exercised by any Member or by its designated agents or employees.
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## Bank Accounts
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All funds of the Company shall be deposited in one or
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more accounts with one or more recognized financial institutions in the
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name of the Company, at such locations as shall be determined by the
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Board Of Directors and CFO. Withdrawal from such accounts shall require
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the signature of such Person or Persons as the Board Of Directors and
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Members jointly designate.
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## Members' Tax Requirements
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Within fifteen (15) days after the end of
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each taxable year, the Company shall forward to each Member all
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information necessary for the Members to complete their federal and
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state income tax or information returns, and a copy of the Company's
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federal, state, and local income tax or information returns for such
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year.
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## Membership Records
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The
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* name
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* e-mail address
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* Capital Contributions
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* Percentage Interest
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of each of the Members is set forth in Supplement 4.
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