Operating Agreement Addendum Template

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Operating Agreement Addendum Template

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Operating Agreement Addendum Template (1)
Between:
[Name of the Company]
[Company ID]
[Company Address]
And:
[Name of the Member]
[Member’s ID]
[Member’s Address]
Introduction:
This addendum serves to modify the existing Operating Agreement dated [Original Agreement Date] for [Name of the Company]. The purpose of this addendum is to incorporate additional provisions found necessary by the parties.
Clause 1: Modification of Member Contributions
The Members agree to modify their respective contributions as follows: [Specify the modified contribution terms].
Clause 2: Profit and Loss Distribution
The distribution of profits and losses will henceforth be altered to the following percentages: [Specify new distribution terms].
Clause 3: Management Structure
The management structure will now include: [Describe any changes to the management structure].
Clause 4: Amendment Procedure
Any future amendments to the Operating Agreement shall require the consent of [Specify required parties or percentages].
Clause 5: Effective Date
This addendum will be effective as of [Effective Date].
Signed in [City], [Date].
Sincerely,
[Signature of the Company Representative]
[Name of the Company Representative]
[Signature of the Member]
[Name of the Member]
Operating Agreement Addendum Template (2)
Between:
[Name of the Company]
[Company ID]
[Company Address]
And:
[Name of the Additional Member]
[Member’s ID]
[Member’s Address]
Introduction:
This addendum is intended to formally add [Name of the Additional Member] to the Operating Agreement dated [Original Agreement Date], thereby amending the membership structure.
Clause 1: Admission of Additional Member
The new Member has agreed to accept the terms of the existing Operating Agreement and will contribute [Specify contribution details].
Clause 2: Voting Rights
The voting rights of the Members are hereby amended to include the new Member, with the following distribution: [Specify voting rights].
Clause 3: Restrictions and Limitations
The Members agree to impose the following restrictions on the new Member: [List any restrictions or limitations].
Clause 4: Governing Law
This amendment shall be governed by the laws of [Jurisdiction].
Clause 5: Ratification
All other provisions of the original Operating Agreement shall remain in full force and effect except as modified herein.
Signed in [City], [Date].
Sincerely,
[Signature of the Company Representative]
[Name of the Company Representative]
[Signature of the Additional Member]
[Name of the Additional Member]

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Operating Agreement Addendum Template

1. Company Information


2. Member Information


3. Purpose of Addendum

4. Amendments to Original Agreement

5. Effective Date of Addendum

6. Additional Terms and Conditions

7. Signatures and Acceptance

8. Declaration and Signatures



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Operating Agreement Addendum Template

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Operating Agreement Addendum Template