Operating Agreement Sample Contracts

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Operating Agreement

An operating agreement defines the financial and day-to-day functional rules that guide the internal management of a business.  The business owners who are party to the agreement agree to abide by the terms of the operating and agreement and consult the agreement to resolve management disputes.  Operating agreements include terms such as the percentage of each parties' ownership, voting rights, management duties and responsibilities, and distribution of profits and losses. 

Rangers Sub I, LLC – Operating Agreement of Rangers Sub I, Llc (September 7th, 2017)

THIS OPERATING AGREEMENT (this Agreement) is entered into as of April 20, 2017 (the Effective Date), by RLJ Lodging Trust, L.P., a Delaware limited partnership (the Managing Member or the Member).

VivoPower International PLC – Amended & Restated Operating Agreement Of (August 1st, 2017)

This Amended and Restated Limited Liability Company Operating Agreement (this "Agreement") of Innovative Solar Ventures I LLC, a Delaware limited liability company (the "Company"), is made and entered into as of April 17, 2017 (the "Effective Date"), by and among the Company and the members set forth on Schedule A attached hereto (the "Members").

Tribus Enterprises, Inc. – OPERATING AGREEMENT OF TRIBUS INNOVATIONS, LLC a Washington Limited Liability Company (June 13th, 2017)

THIS OPERATING AGREEMENT of TRIBUS INNOVATIONS, LLC ("Agreement") is entered into and shall be effective as of ______February 12th_______, 2016 ("Effective Date"), by and between Kendall Bertagnole, Juan C Ayala and Tommy Mills each as an Initial Member and collectively as the Initial Members.

Dominion Gas Holdings, LLC – Operating Agreement of Dominion Energy Gas Holdings, Llc (May 16th, 2017)

This Operating Agreement (this "Agreement") is made as of the 12th day of May, 2017, by and between DOMINION ENERGY GAS HOLDINGS, LLC, a Virginia limited liability company (the "Company"), and DOMINION ENERGY, INC. (the "Sole Member").

Phoenix Group – OPERATING AGREEMENT OF GLOBAL VALUE LIGHTING, LLC (The "Company") (May 15th, 2017)

This OPERATING AGREEMENT OF GLOBAL VALUE LIGHTING, LLC (this "Agreement") is entered into as of the 20th day of March, 2017, by and among LSG MLS JV HOLDINGS, INC., a Delaware corporation ("SPV") and a subsidiary of LIGHTING SCIENCE GROUP CORPORATION ("LSG"), and MLS CO., LTD., a company organized under the laws of the People's Republic of China ("MLS"), and solely for purposes of Sections 1.1(a), 3.1(a), 9.3(b), 13.12 and Article XI, LSG. All capitalized terms used in this Agreement shall have the meanings set forth in Article XII of this Agreement.

Anytranslation Corp – Operating Agreement (May 12th, 2017)

This Operating Agreement (this " Agreement ") is dated May 12, 2017, and is entered into between Green Vision Biotechnology Corp., a corporation incorporated in the State of Nevada, the United States, with an address of 1255 W. Rio Salado Parkway, Suite 215, Tempe, AZ, 85281 ("Party A"), Able Lead Holdings Limited, with a registered address of P.O. Box 957, Offshore Incorporations Centre, Road Town, Tortola, British Virgin Islands ("Party B"), and Lutu International Biotechnology Limited, a limited company incorporated in the Cayman Islands with a registered address of P.O. Box 31119 Grand Pavilion, Hibiscus Way, 802 West Bay Road, Grand Cayman, KY1-1205 Cayman Islands ("Party C"). Party A, Party B and Party C are hereunder collectively called "the Parties".

Soufun Holdings – Schedule of Operating Agreements Among Certain Prc Subsidiary of Fang Holding Limited, a Consolidated Controlled Entity and Shareholders of the Consolidated Controlled Entity (May 12th, 2017)

10. December 20, 2015 Beijing Zhong Zhi Shi Zheng Information Technology Co., Ltd. Tianquan Mo Jiangong Dai Shanghai China Index Consultancy Co., Ltd. 80 20 % % 11. December 20, 2015 Jia Tian Xia Network Technology Co., Ltd. Beijing SouFun Internet Information Service Co., Ltd. Beijing Jia Tian Xia Advertising Co., Ltd. Shanghai Jia Biao Tang Real Estate Broking Co., Ltd. 70 30 % % 12. December 20, 2015 Jia Tian Xia Network Technology Co., Ltd. Tianquan Mo Jiangong Dai Tianjin Jia Tian Xia Advertising Co., Ltd. 80 20 % % 13. December 30, 2016

First Savings Financial Group – Operating Agreement of Q2 Business Capital, Llc (April 28th, 2017)

This Operating Agreement (this "Agreement") of Q2 Business Capital, LLC (the "Company") is made effective as of the 1st day of January, 2017 (the "Effective Date"), by and among First Savings Bank (the "Bank"), an Indiana-chartered commercial bank, Jonathan E. Handmaker and George M. Vredeveld, Jr.

Operating Agreement (April 21st, 2017)
Hunting Dog Capital Corp. – Operating Agreement of Hunting Dog Capital Llc (April 19th, 2017)

This Operating Agreement (the "Agreement") of Hunting Dog Capital LLC (the "Company") is entered into as of January 4, 2007, by Christopher W. Allick and Todd Selix Blankfort (the "Initial Members").

Oglethorpe Power Corporation – Second Amendment to Plant Hal Wansley Operating Agreement (March 27th, 2017)

THIS SECOND AMENDMENT to Plant Hal Wansley Operating Agreement, dated as of the 31st day of October, 2016 (the Effective Date), by and among Georgia Power Company (GPC), Oglethorpe Power Corporation (An Electric Membership Corporation) f/k/a Oglethorpe Power Corporation (An Electric Membership Generation and Transmission Corporation) f/k/a Oglethorpe Electric Membership Corporation (OPC), Municipal Electric Authority of Georgia (A Public Corporation and Instrumentality of The State of Georgia) (MEAG), and City of Dalton, an incorporated municipality in the State of Georgia acting by and through its Board of Water, Light and Sinking Fund Commissioners (Dalton), each individually, a Participant, and together, the Participants.

Intelligent Highway Solutions, Inc. – Operating Agreement of Tca Cresent Construction Company, Llc (March 24th, 2017)

OPERATING AGREEMENT of TCA Cresent Construction Company, LLC (the "Company") made as of March 9, 2017 (the "Effective Date"), by and among the Members who have subscribed to and executed this Agreement.

Operating Agreement of G&k Services, Llc (March 22nd, 2017)

This Operating Agreement (the Agreement) of G&K Services, LLC (the Company) is made, effective as of March 21, 2017, by Cintas Corporation No. 2 (the Member). Unless the context otherwise requires, terms that are capitalized and not otherwise defined in context have the meanings set forth or cross referenced in Article II of this Agreement.

Amendment to Pharmacy Operating Agreement (March 8th, 2017)

This Amendment to Pharmacy Operating Agreement is entered into by Target Corporation ("Target") and CVS Pharmacy, Inc. ("CVS") as of November 30, 2016.

Revolutionary Concepts – Operating Agreement (February 24th, 2017)

This Operating Agreement of R.I. TECHNOLOGY, LLC (the "Company"), a limited liability company organized pursuant to the Georgia Limited Liability Company Act, is entered into by and among the Company and the persons executing this Agreement as Members.

Korth Direct Mortgage LLC – OPERATING AGREEMENT of Korth Direct Mortgage LLC (January 27th, 2017)

This Florida Limited Liability Company was originally named HCMK Consulting LLC and was renamed J W Korth & Company LLC and contributed 100% to J. W. Korth & Company Limited Partnership who renamed it Korth Direct Mortgage LLC.

Interim Operating Agreement (December 28th, 2016)

This Interim Operating Agreement (this "Agreement") is made as of December 20, 2016 (the "Effective Date") by and between LIMAB LLC, a Delaware limited liability company, or its designee ("LIMAB" or "Operator"), and Cosi, Inc., a Delaware corporation ("Cosi"), Hearthstone Partners, LLC, a Massachusetts limited liability company, Hearthstone Associates, LLC, a Massachusetts limited liability company, Xando Cosi Maryland, Inc., a Maryland corporation, and Cosi Sandwich Bar, Inc., a Delaware corporation (together with Cosi, collectively, the "Owner" or "Debtors").

Sachem Capital Corp. – OPERATING AGREEMENT For (October 28th, 2016)

This Limited Liability Company Operating Agreement ("Agreement") of SACHEM CAPITAL PARTNERS, LLC ("LLC") is among JJV, LLC (the "Initial Member" and "Manager"), and each of the additional Persons who become Members (also known as "Partners") in accordance with the provisions of this Agreement. Any capitalized terms used herein but not defined herein shall have the meaning ascribed to them in the Confidential Private Placement Memorandum dated as of January 1, 2011 (the "Memorandum").

CNX Coal Resources LP – First Amendment to Pennsylvania Mine Complex Operating Agreement (October 4th, 2016)

THIS FIRST AMENDMENT TO PENNSYLVANIA MINE COMPLEX OPERATING AGREEMENT (this Amendment) is made as of this 30th day of September, 2016 (the Execution Date), by and among CONSOL PENNSYLVANIA COAL COMPANY LLC, a Delaware limited liability company (CPCC), CONRHEIN COAL COMPANY, a Pennsylvania general partnership (Conrhein, and together with CPCC, the CONSOL Parties), CNX THERMAL HOLDINGS LLC, a Delaware limited liability company (Operator). CONSOL Parties and Operator may be referred to herein separately as a Party and collectively as the Parties.

Intl Packaging And Logistics – Operating Agreement (September 6th, 2016)

This Operating Agreement (this "Agreement") is dated August 31, 2016, and is entered into in Xinglong Industry Park,Yanzhou City, Jining, , Shandong, China between YibaoConfucian Co., Ltd, with a registered address at , Rm. 19C, Lockhart Ctr., 301-307 Lockhart Rd., Wan Chai, Hong Kong ("Party A"), and Shangdong Confucian Biologics Co. Ltd., with a registered address at Xinglong Industry Park,Yanzhou City, Jining, , Shandong, China ("Party B"), , and shareholders holding 100% outstanding shares of Party B (the "Shareholders of Party B" or "Party C"). Party A and Party B, and Shareholders of Party B are referred to collectively in this Agreement as the "Parties."

Operating Agreement of Fth Dfw Partners Llc (July 29th, 2016)

THIS OPERATING AGREEMENT OF FTH DFW PARTNERS LLC (this "Agreement") is entered into as of May 10, 2016 (the "Effective Date"), by and between TEXAS HEALTH RESOURCES, a Texas non-profit corporation ("THR"), and ADPT DFW HOLDINGS LLC ("Adeptus"), each as members of FTH DFW PARTNERS LLC, a Texas limited liability company ("Company").

Soufun Holdings – Schedule of Operating Agreements Among Certain Prc Subsidiary of Soufun Holding Limited, a Consolidated Controlled Entity and Shareholders of the Consolidated Controlled Entity (May 17th, 2016)

11. December 20, 2015 Beijing Zhong Zhi Shi Zheng Information Technology Co., Ltd. Tianquan Mo Jiangong Dai Shanghai China Index Consultancy Co., Ltd. 80 20 % % 12. December 20, 2015 Jia Tian Xia Network Technology Co., Ltd. Tianquan Mo Jiangong Dai Shanghai Fang Chao Real Estate Broking Co., Ltd. 80 20 % % 13. December 20, 2015 Jia Tian Xia Network Technology Co., Ltd. Beijing SouFun Internet Information Service Co., Ltd. Beijing Jia Tian Xia Advertising Co., Ltd. Shanghai Jia Biao Tang Real Estate Broking Co., Ltd. 70 30 % % 14. December 20, 201

Soufun Holdings – Form of Operating Agreement (May 17th, 2016)

This Agreement is made and entered into by the Parties below on [specify date] in [specify city], People's Republic of China ("China").

Strategic Realty Trust, Inc. – OPERATING AGREEMENT OF Sunset & Gardner INVESTORS LLC (May 13th, 2016)
ADDvantage Technologies Group, Inc. – Operating Agreement (May 10th, 2016)

This Operating Agreement (the "Agreement") is made effective as of February 28, 2016, by and among and those Persons (the "Members") identified in Exhibit A.

New Global Energy, Inc. – Operating Agreement of Moringa Reserve Llc (May 3rd, 2016)

THESE LIMITED LIABILITY OPERATING AGREEMENT ("Operating Agreement") is adopted pursuant to the Florida Limited Liability Company Act by MORINGA RESERVE, LLC a Florida limited liability company on this _____ day of _____________, 2016.

Cleco – Operating Agreement (April 19th, 2016)

This OPERATING COMPANY AGREEMENT (the "Agreement") of Cleco Corporate Holdings LLC (the "Company"), is made and entered into by and among the Company and Cleco Group LLC, a Delaware limited liability company, as the sole member of the Company (the "Member"), effective as of April 13, 2016 (the "Effective Date"). Capitalized terms used herein without definition have the respective meanings given to them in Section 1.01.

Operating Agreement of Amino Nutritionals, Llc (April 14th, 2016)

This OPERATING AGREEMENT OF AMINO NUTRITIONALS, LLC, is dated as of November 6, 2015. Capitalized terms used herein without definition shall have the respective meanings ascribed thereto in Section 1.1.

Immudyne Inc – OPERATING AGREEMENT OF ImmuDyne PR LLC (A Puerto Rico Limited Liability Company) (April 7th, 2016)

THIS OPERATING AGREEMENT (this "Agreement") is made and entered into as of April 1, 2016, by and among the persons set forth on Schedule A attached hereto (the "Members").

MVP REIT II, Inc. – OPERATING AGREEMENT OF MVP BRIDGEPORT FAIRFIELD GARAGE, LLC a Delaware Limited- Liability Company (April 6th, 2016)

This Operating Agreement (the Agreement) is made and entered into and, effective as of this 22nd day of February, 2016, by MVP REAL ESTATE HOLDINGS, LLC, a Nevada limited-liability company and MVP REIT II OPERATING PARTNERSHIP, LP a Delaware limited partnership (hereinafter referred to as Members), and MVP BRIDGEPORT FAIRFIELD GARAGE, LLC a Delaware limited-liability company (hereinafter referred to as the LLC or the Company).

MVP REIT II, Inc. – OPERATING AGREEMENT OF MVP DENVER 1935 SHERMAN, LLC a Nevada Limited-Liability Company (April 6th, 2016)

This Operating Agreement (the Agreement) is made and entered into and, effective as of this 25th day of February, 2016, by MVP REAL ESTATE HOLDINGS, LLC, a Nevada limited-liability company and MVP REIT II OPERATING PARTNERSHIP, LP, a Delaware limited partnership (hereinafter referred to as Members), and MVP DENVER 1935 SHERMAN LLC, a Nevada limited-liability company (hereinafter referred to as the LLC or the Company).

MVP REIT II, Inc. – Operating Agreement of Mvp Minneapolis Orpheum Lots, Llc (April 6th, 2016)

THIS OPERATING AGREEMENT (this Agreement), is effective as of January 4th 2016, by and among MVP REAL ESTATE HOLDINGS, LLC, a Nevada limited liability company (MVP I) and MVP REIT, II INC., a Maryland corporation (MVP II)(MVP I, together with MVP II are hereinafter collectively referred to as the Members). The Members are Members of MVP MINNEAPOLIS ORPHEUM LOTS, LLC (the Company).

Rancher Energy – Operating Agreement Of (March 22nd, 2016)

THIS OPERATING AGREEMENT is made effective as of January 6, 2016 by and among the Members of the T-Rex Oil LLC#3,and the T-Rex Oil LLC #3, ("The LLC.").

Pharmacy Operating Agreement Between Target Corporation and Cvs Pharmacy, Inc. (March 11th, 2016)

THIS PHARMACY OPERATING AGREEMENT is made as of December 16, 2015 (the "Effective Date"), between Target Corporation, a Minnesota corporation ("Target"), and CVS Pharmacy, Inc., a Rhode Island corporation ("CVS").

Gaia, Inc. – Form of Transitional Operating Agreement (February 17th, 2016)

This Transitional Operating Agreement (Agreement) is entered into as of , 2015 (the Effective Date) by and between GAIAM, INC. and GAIAM AMERICAS, INC. (collectively, Gaiam Brand), on one side, and GAIA, INC. DBA GAIAMTV (GTV), on the other side, on the following terms and conditions: