PROFITS/LOSSES. For accounting and tax purposes, the net profits or net losses of the Company will be determined annually. Pursuant to Section 10-00-000 of the Supplement, and as provided in Section (8)12.3 below, profits and losses will be allocated to the Members in proportion to each Member's aggregate Distribution Points in the Company and in accordance with Treasury Regulation 1.704-1. Table of Contents
Appears in 2 contracts
Samples: Operating Agreement (Comboox DAO LLC), Operating Agreement (Comboox DAO LLC)