Short Form Operating Agreement for Single Member LLC

OPERATING AGREEMENT
FOR
______________________________________ LLC
A CALIFORNIA LIMITED LIABILITY COMPANY

THIS OPERATING AGREEMENT (this "Agreement") is made and entered as of by _____ (the "Member") as the sole and initial Member of _____, LLC, a California limited liability company to be formed (the "Company") and is as follows:

1. DEFINITIONS.

All capitalized terms used in this Agreement are equally applicable to both the singular and plural derivations of the defined terms:

"Act" means the Beverly Killea Limited Liability Company Act, codified in the California Corporations Code, Section 17000 et seq., as amended from time to time.

"Member" means the initial member identified above and all new, or substitute Members, pursuant Section 11 of this Agreement.

2. ORGANIZATION.

2.1 Formation. Promptly upon the Member's execution of this Agreement, [the Member] [or] [name of promoter or organizing attorney], shall execute and file Articles of Organization (the "Articles") with the California Secretary of State (the "Secretary") to form the Company. This Agreement shall govern the Member's rights and obligations and the Company's administration to the extent permitted by the Act.

2.2 Name. The Company's name is "_____ LLC". The Company may conduct business under any other name the Member deems necessary or desirable to comply with local law.

2.3 Purpose. The Company's purpose is to engage in any lawful act or activity for which a limited liability company may be organized under the Act on the terms and conditions and subject to the limitations set forth in this Agreement.

2.4 Term. The Company's existence commenced on the date the Articles were filed with the Secretary and shall continue until dissolved pursuant to Section 10 of this Agreement....