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REVOLUTION ENERGY INTERNATIONAL LLC
ARTICLE I DEFINITIONS Section 1.1 Definition of limited liability company.As used in this Operating Agreement, the following terms are to have the meaning as stated below: “LLC" means "Limited Liability Company" and "the LLC” means Revolution Energy Intenational LLC. Section 1.2 Definition of State Law. "State Law" means the laws of the State of Nevis.
ARTICLE II GENERAL PROVISIONS Section 2.1 Formation. The Articles of Organization shall be filed with the appropriate government Office. The Member shall execute or cause to be executed all other instruments, certificates, notices and documents as may now or hereafter be required for the formation, valid existence and, when appropriate, termination of the LLC as a limited liability company under the laws of the State of Nevis. Section 2.2 Company Name. The name of the LLC is "Revolution Energy International LLC” or such other name or names as may be selected by the Member from time to time, and its business shall be carried on in such name with such variations and changes as the Membership deems appropriate. Section 2.3 Purpose of the LLC. The purpose of the LLC is to engage in any lawful act or activity for which a limited liability company may be organized under the laws of the State of Nevis, including, but not limited to; providing energy and electricity services to customers, providing electricity for battery recharge for converted and designed electric vehicles, provide the services derived from that electricity generation, such as water desalinization, and all other legal activities approved by the Membership. Section 2.4 Place of Business. The business address of the LLC shall be determined by the Membership. The LLC may from time to time have such other place or places of business, within or without the State of Nevis, as the Membership may decide. Section 2.5 Registered Agents. The registered agent of the LLC shall be determined by the Membership, who shall also possess the power to remove or replace a currently serving LLC registered agent. Section 2.6 Business Transactions of a Member with the Company. A Member may lend money to, borrow money from, act as surety, guarantor or endorser for, guarantee or assume one or more obligations of, provide collateral for, and transact other business with, the LLC and, subject to applicable law, shall have the same rights and obligations with respect to any such matter as a Person who is not a Member.
DEATH OF MEMBER Section 7. however. In the event that the Member or the assigns of the Member wishes to dissolve the company. the LLC's existence shall be perpetual without term. ARTICLE VIII DISSOLUTION OF THE COMPANY Section 8.Section 2. No real or other property of the LLC shall be deemed to be owned by any Member individually. as appointed by the membership. it shall be done in any acceptable manner in accordance with the law of the State of Nevis.’ shall be determined by the majority interest of the Members. or by the transfer of ownership. The close of the LLC's year for financial statement and federal income tax purposes shall be as determined by the Member so long it is not in violation of applicable law. but shall be owned by and title shall be vested solely in the LLC. all incidents in this document where decisions are determined by “the Member. All revenue earned as a direct result of the passive efforts of the Member shall be dispensed as a distribution. The LLC shall initially be a one-member llc. ARTICLE III MEMBERSHIP Section 3. In the event that additional members are added. ARTICLE VI DISTRIBUTIONS Section 5. ARTICLE IX . The membership may expand by amendment to these articles.9 Accounting Period.8 No Term To Existence. ARTICLE VII TRANSFERS OF UNITS. at any time. unless otherwise determined by the Membership. The LLC shall be managed by its member and its origin. The LLC's existence shall commence on the date of the filing of the Article of Organization with the appropriate state office and. WITHDRAWAL. Section 3. and other employees. managers. thereafter.1 Management of the LLC.1 Dissolution. Section 2. ARTICLE IV MANAGEMENT Section 4. That manager possesses the right to hire. In the event of the withdrawal or death of the Member.1 Distribution.7 Company Property. the LLC shall then be managed by a manager. Section 2. manage and terminate. the membership is transferable via will or intestacy in accordance with the decisions of that member.2 Effect of Additional Members.1 Transfer of ownership.1 Member.
administrative. fines. suit or proceeding. and amounts paid in settlement actually and reasonably incurred by such person in connection with the action. or both. employee or agent of the LLC. a person who is the Member or a Manager. and whether formal or informal. Unless otherwise provide by law or expressly assumed.EXCULPATION OF LIABILITY. For persons other than Members or Managers of the LLC. Indemnification shall be limited to expenses.1 Exculpation of Liability.e. debts or liabilities of the LLC to third−parties i. Manager. ARTICLE X RESTRICTIONS OF ACTIVITIES . judgments.. with the care an ordinary prudent person in a like position would exercise under similar circumstances. shall not be liable for the acts. the person acted in good faith. Except as otherwise provided in this Article. persons other than the LLC.2 Indemnification. other than an action by or in the right of the LLC. the LLC shall indemnify any Manager or the Member (and may indemnify any employee or agent) of the LLCwho was or is a party or is threatened to be made a party to a potential. suit or proceeding. INDEMNIFICATION Section 9. including attorney's fees. criminal. pending or completed action. indemnification shall only be made after an affirmative vote of the LLC Member. by reason of the fact that such person is or was a Member. or investigative. whether civil. and only if. Section 9. if. penalties.