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OPERATING AGREEMENT <br /> FOR <br /> JR & DK INVESTMENTS , LLC <br /> This Operating Agreement is entered into as of October 1 , 2015 , by Janet Ramirez as <br /> trustee of the Janet Ramirez Revocable Trust U/A/D June 26 , 2015 (hereinafter the " Member " ) in <br /> order to provide for the organization and operation of the company . <br /> A . The Member desires to form a single member limited liability company (Company) <br /> under the California Revised Uniform Limited Liability Company Act . <br /> Be The Member desires to enter into this Operating Agreement in order to form and <br /> provide for the governance of the Company and the conduct of its business . <br /> NOW , THEREFORE, the Member hereby covenants and agrees as follows : <br /> ARTICLE I : DEFINITIONS <br /> The following capitalized terms used in this Agreement have the meanings specified in this <br /> Article or elsewhere in this Agreement and when not so defined shall have the meanings set forth <br /> in California Corporations Code § 17701 . 02 . <br /> 1 . 1 . "Act" means the California Revised Uniform Limited Liability Company Act <br /> (California Corporations Code § § 17701 . 01 et seq . ) including amendments from time to time . <br /> 1 . 2 . "Agreement " means this operating agreement, as originally executed and as <br /> amended from time to time . <br /> 1 . 3 . "Articles of Organization " is defined in California Corporations Code § 17702 . 01 as <br /> applied to the Company . <br /> 1 . 4 . " Capital Account" means an account maintained and adjusted in accordance with <br /> Article III , Section 3 . 2 . <br /> 1 . 5 . " Capital Contribution" means the amount of the money and the Fair Market Value <br /> of any property (other than money) contributed to the Company (net of liabilities secured by such <br /> contributed property that the Company is considered to assume or take " subject to " under IRC <br /> § 752) in consideration of a Percentage Interest held by the Member. A Capital Contribution shall <br /> not be deemed a loan . <br /> 1 . 6 . " Capital Event" means a sale or disposition of any of the Company ' s capital assets , <br /> the receipt of insurance and other proceeds derived from the involuntary conversion of Company <br /> property, the receipt of proceeds from a refinancing of Company property, or a similar event with <br /> respect to Company property or assets . <br /> 1 <br />