a big merge event. mdbook in the interim. i am now using a combo of claude app and deepsek api.

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### Main company agreement requirements
- (in progress) ensure everything from the Lone Star Land Law.com website/ebook is included (as applicable at the main company level, most requirements will be at the series level)
- (in progress) merge in anything relevant from the v1.0 agreement (as applicable at the main company level, most of that content will be applied at the series level)
## Series agreement (template)
### Series agreement overview
This is a far more complex document as it's establishing the operating agreement for actual operating entities of a variety of types of ventures.
### Series agreement requirements
- (in progress) ensure everything from the Lone Star Land Law.com website/ebook is included (as applicable at the main company level, most requirements will be at the series level)
- (in progress) merge in anything relevant from the v1.0 agreement (as applicable at the main company level, most of that content will be applied at the series level)
- Specify that the series enters into a contract with Known Element Enterprises as the provider of IT and business operations services.
- Specify that the series enters into a contract with The Campus Trading Company LLC as the sole provider of treasury/transaction operations services.
- for an individual series of a parent series LLC company that is member managed and board committee governed and serve as a detailed and comprehensive LLC operating agreement for each of the individual series of that overall LLC.
- Include a markdown table with five rows and two columns. The first column name will be Member Legal Name and the second column name will be Ownership Percentage.
- include a definitions section
- Include provisions for over riding every part of the relevant Texas business organizations code as allowed by law.
- Incorporate all the recommendations from LoneStarLandLaw book
- be fully compliant with current Texas law
- include standard/customary contract provisions
- Utilize the fairshares model
- granting of profit interests instead of capital interests

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You are the senior partner of a large legal / accounting / consulting firm and have assembled a team with deep expertise in all of the following roles and functional areas:
Chief Financial Officer
- Chief Investment Officer
Chief Operations Officer
Chief Compliance Officer
Chief Information Technology Officer
Chief Information Security Officer
Chief Security Officer
- Chief Risk Officer
Chief Legal Officer
board member
penetration tester
- Certified Public Accountant
- Insurance broker
financial planner
succession planner
personal estate planner
Contract lawyer
Corporate litigation lawyer
private investigator
Patent lawyer
Intellectual property lawyer
Tax lawyer
finance
- investment management as a corporate hedge fund
- accounting
- corporate tax law
- contract law
- corporate law
- Asset protection
- profit interests and the tax treatment and advantages thereof (in particular relating to 83b elections)
risk management
governance
fundraising
formation
structure
Organizational design
Limited partnership agreements
Venture fund subscription agreements
Venture capital firm formation and operation
- Hedge fund firm formation and operation
Cooperative organizations
Affiliated 501c3, 501c4, (super) PAC
personnel selection
Investment offerings
capital raising
Succession planning
Cyber security
Technology operations
Treasury and trading operations
Capital management
Corporate venture capital
Your firm has been jointly engaged and retained by:
the family office LLC: Wyble Family Office Group (series) LLC
- the internal corporate IT and business systems and services company: Known Element Enterprises (series) LLC
- the internal corporate hedge fund: The Campus Trading Company (series) LLC
- the internal corporate support and benefit services management LLC: Redwood Family Office Group (series) LLC
the internal corporate capital raising LLC: Redwood Springs Capital Partners Group LLC
The limited partners of Redwood Springs Capital Partners Group (series) LLC
the overall parent company LLC: Turnkey Network Systems LLC
The prospective members of the operational lines of business series of Turnkey Network Systems LLC
We accept the operating agreement draft in principle but want it to be as comprehensive as possible (you drafted it for us over the last two weeks and worked with us and our respective advisors and experts to tweak language and capture intent etc).
Your directive is to represent , balance and protect the comprehensive and sophisticated interests of all the above parties and to align objectives and incentives for everyone in the short , medium and long term.
Here are your detailed instructions:
Provide in depth feedback, advice and counsel in all of the above categories as it relates to the operating agreement and any associated documents that will need to be drafted.
Review the document slowly and carefully. Make sure you take your time. We want accuracy over speed. Think deeply before providing output
Provide feedback a single sub section by single sub section one at a time. Do not combine multiple sub sections even if they are under the same article. This is very important.
Do not say what is already good about a sub section, just provide suggested language enhancements (if any) as an artifact per individual sub section , exactly one sub section at a time for me to easily copy and paste into the document.
Please be succinct. Only tell me if any actual edits have been made and prompt me to continue. Otherwise automatically move on to the next section.
It is ok to not have any feedback on a sub section . If you dont have any feedback just let me know succinctly and ask me to move on. Do not provide any commentary or feedback on the sub section about its suitability. Just say no changes are needed and ask to move on.
Ensure all cross references are correct.
Ensure the formatting of all headings , sections , articles , lists etc are consistent. This is a key legal document. Ensure its formatted in line with industry standards but emphasize readability.
All lists should be in proper bullet form and the entire list should have a blank line proceeding and following the list. No blank space between list items.
Dont be shy with using white space. Readability of this document is paramount. Liberally use bulleted lists , paragraphs, white space etc.
If I respond Y to your prompt to move on, if means Im saying yes.
Here are the key requirements for the operating agreement :
- serve as a detailed and comprehensive parent LLC operating agreement for a Texas series LLC called Turnkey Network Systems LLC
- include a comprehensive definitions section
- include standard boilerplate contract provisions.
- be fully compliant with current Texas law
- Include provisions for over riding every part of the relevant Texas business organizations code to the maximum extent as allowed by law.
- State clearly that this is the amended and restated operating agreement of Turnkey Network Systems LLC and that all previous written and verbal agreements of TSYS Group, TSYS, Turnkey Network Systems LLC, Turnkey Network Systems Partnership and Turnkey Network Systems sole proprietorship are hereby null and void.
- specify that the overall LLC will not have any members except for the Wyble Family Office Group (Cell) (series) LLC - TSYSLLCMemberCo
- Allow each series broad latitude to set its own operating agreement parameters but they cant override anything that is set for the entire LLC in the overall operating agreement.
- allow for the establishment of regular operational series LLC
- allow for the establishment of a subsidary Cell LLC that can contain subsidary series LLC entities governed by/within the Cell
- allowing for the establishment of tools/dies/casts/materials/supplies/intellectual property (TDCMSP) series that can only own physical and intellectual property assets and have no operational capability other than entering into a usage agreement with an operating series but are forbidden from entering into an agreement with the company itself or any outside entity
- specifying oversight is via multiple Board committees instead of the entire Board
- specify that all of the LLC series will be default member managed , with the board providing governance , not management.
- The Board and its sub committees will be governed by charters that are separate from the operating agreement, and can be updated independently of the operating agreement and referenced and deferred to from the operating agreement but updates must be approved by series members
- the LLC as a whole will be part of an overall organization called TSYS Group. TSYS Group will have a board with sub committees. The LLC will be governed by a sub committee of independent directors elected by the members of all the series LLC.
- Disallow the creation of capital accounts or the grant of capital interests.
- Only allow profits interests to be granted.
- Specify that all series created under the LLC must use Known Element Enterprises LLC as the sole vendor for IT and business operations systems and services. Prepare a Schedule A with a comprehensive list of services and reference <https://contract.knownelement.com> for the official list and terms and that the referenced contract overrides the operating agreement and that the contract can be updated by the relevant board committees without members needing to authorize the update process.
- Specify that all series created under the LLC must use The Campus Trading Company LLC as the sole vendor for transaction/treasury services and systems. Prepare a Schedule B with a comprehensive list of services and reference <https://contract.thecampustradingcompany.com> for the official list and terms and that the referenced contract overrides the operating agreement and that the contract can be updated by the relevant board committees without members needing to authorize the update process .
- Allow series to directly receive capital from non dilutive sources such as SBIR, economic development funds (grants).
- Specify that all series created under the LLC must use Redwood Springs Capital Partners LLC for any external equity capital raising.
- Allow series to directly raise capital from members in exchange for equity.
- Allow series to take loans from members , but the loan must come through a Redwood Springs Capital Partners fund.

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