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2.6 No Interest on Capital Contributions. Members are not entitled to interest or other <br /> compensation for or on account of their capital contributions to the Company except to the extent, if <br /> any, expressly provided in this Agreement. <br /> 2.7 Unpaid Obligations of Members. Except as otherwise provided in this Agreement,no <br /> Member shall have any personal liability whatsoever, whether to the Company,to any of the Members <br /> or to the creditors of the Company for the debts of the Company or any of its losses except to the extent <br /> of his or her rights and interests in and to the Company and its assets. <br /> 2.8 Effect of Death or Incapacity of a Member. The death or legal incapacity of a Member <br /> shall not cause a dissolution of the Company but the rights of a deceased Member or incapacitated <br /> Member to share in the profits and losses of the Company, to receive distributions of Company funds <br /> and to receive the proceeds of any sale of such deceased or incapacitated Member's interest in the <br /> Company shall, on the happening of such an event,evolve to his/her legal representative. In no event, <br /> however, shall such legal representative become a substituted Member,except with the unanimous <br /> written consent of all the remaining Members. <br /> 2.9 Other Business of Members. Any Member may engage independently or with others in <br /> other business and investment ventures of every nature and description and shall have no obligation to <br /> account to the Company for such business or investments or for business or investment opportunities. <br /> 2.10 Additional Members. Except as otherwise expressly provided in this Agreement, no <br /> additional Members shall be admitted to the Company except upon the prior written unanimous consent <br /> of Member or Members. <br /> 3. MEMBER MEETINGS <br /> 3.1 Meetings. A meeting of Members shall be held (a) if it is called by the Operating <br /> Member or(b) if Members holding at least fifty percent (50%)ownership sign, date, and deliver to the <br /> Company's principal office a written demand for the meeting,describing the purpose or purposes for <br /> which it is to be held. Meetings of Members shall be held at the principal office of the Company or any <br /> other place specified in the notice of meeting. <br /> 3.2 Notice of Meeting. Notice of the date, time,and place of each Members' meeting shall <br /> be given to each member not earlier than sixty(60)days nor less than ten (10) days before the meeting <br /> date. The notice must include a description of the purpose or purposes for which the meeting is called. <br /> 3.3 Record Date. The persons entitled to notice of and to vote at a Members meeting, and <br /> their respective ownership interest, shall be determined as of the record date for the meeting. The <br /> record date shall be a date, not earlier than seventy(70) days nor less than ten (10)days before the <br /> meeting, selected by the Operating Member. If the Operating Member does not specify a record date, <br /> the record date shall be the date on which notice of the meeting was first mailed or otherwise delivered. <br /> 3.4 Quorum. The presence, in person or by proxy,of members holding at least fifty percent <br /> (50%) of Ownership Interests shall constitute a quorum. <br /> Page-13- OPERATING AGREEMENT <br />