LIMITED LIABILITY COMPANY AGREEMENT OF PICO Northstar, LLCLimited Liability Company Agreement • September 27th, 2010 • Pico Holdings Inc /New • Real estate • Delaware
THIS LIMITED LIABILITY COMPANY AGREEMENT (the “Agreement”) is made and entered into as of September 21, 2010 (the “Effective Date”) by and among (i) PICO Northstar Management LLC, a Delaware limited liability company (“PICO”) and Northstar Agri Industries, LLC, a Delaware limited liability company (“Northstar”) (collectively, the “Members”) for the purposes of forming a limited liability company pursuant to the Act to be known as PICO Northstar, LLC (the “Company”). Certain capitalized terms used in this Agreement are defined in Section 17 below.
PICO NORTHSTAR, LLC CONTRIBUTION AGREEMENT BY AND AMONG PICO NORTHSTAR MANAGEMENT, LLC NORTHSTAR AGRI INDUSTRIES, LLC AND PICO-NORTHSTAR, LLC DATED SEPTEMBER 21, 2010Contribution Agreement • September 27th, 2010 • Pico Holdings Inc /New • Real estate • California
This CONTRIBUTION AGREEMENT (this “Agreement”) is entered into by and among Northstar Agri Industries LLC, a Delaware limited liability company (“Northstar”), PICO Northstar LLC, a Delaware limited liability company (the “Company”) and PICO Northstar Management LLC, a Delaware limited liability company (“PICO-NSM”), as a beneficiary of the representations and warranties in Article IV of this Agreement. This Agreement and the Limited Liability Company Agreement of PICO Northstar LLC by and among PICO-NSM, Northstar and the Company (the “Operating Agreement”) are entered into and shall be effective simultaneously with each other as of the date set forth above.(the “Effective Date”).
