LIMITED LIABILITY COMPANY OPERATING AGREEMENT OFLimited Liability Company Operating Agreement • May 13th, 2020 • iCap Vault 1, LLC • Real estate • Delaware
This Limited Liability Company Operating Agreement (this “Agreement”) of iCap Vault 1, LLC, a Delaware limited liability company (the “Company”), is dated as of August 1, 2018, and is entered into by iCap Vault, LLC as its sole initial Member (the “Initial Member”).
GUARANTY AGREEMENTGuaranty Agreement • May 13th, 2020 • iCap Vault 1, LLC • Real estate • Delaware
This Guaranty (this “Guaranty”) is made and entered into as of [________], 2020 (the “Effective Date”) by Vault Holding 1, LLC, a Delaware limited liability company (“Guarantor”), to and for the benefit of each of the holders (each, a “Holder”) of promissory notes (the “Notes”) issued by iCap Vault 1, LLC, a Delaware limited liability company and the sole member of Guarantor (“Borrower”) pursuant to an offering of up to $500,000,000 of Variable Denomination Floating Rate Demand Notes of Borrower commencing on or about [________], 2020 (the “Offering”). Defined terms used herein without definition shall have the meaning given to them in the Notes.
PLEDGE AND SECURITY AGREEMENTPledge and Security Agreement • May 13th, 2020 • iCap Vault 1, LLC • Real estate • Delaware
This Pledge and Security Agreement (this “Agreement”), dated as of [________], 2020 (the “Effective Date”), is entered into by and between iCap Vault 1, LLC, a Delaware limited liability company (“Pledgor”) and Marketplace Realty Advisors, LLC, a Washington limited liability company, in its capacity as collateral agent and pledgee hereunder (in such capacity “Agent”) for the benefit of holders of promissory notes issued by Pledgor pursuant to an offering (the “Offering”) of up to $500,000,000 of Variable Denomination Floating Rate Demand Notes of Pledgor (the “Notes”), pursuant to an Indenture dated [________], 2020 (“Indenture”) commencing on or about [___________], 2020 (the “Holders”). Each of Pledgor and Agent may be referred to herein as a “Party” and collectively as the “Parties.” Defined terms used herein without definition shall have the meaning given to them in the Indenture.
