EFTA Document EFTA01481177

°Pan= AGIOSOMNT OF HYPIRION Alft. A U.S. Virgin islands Limited Liabithy Comm THIS OPERATOR} AGREEMENT Ws 'Apeman le mode aid caked into as of Odder 19. 2012 by May R.Spokin (latainolicr ming to as 'Soh menials vas an 'dikes a 6100 Rad Hook NOT. ID, Si. Thames USVI 00002. who hemby HYPERNXI Ants Li.C. s U.S. Vitals him* Wed PAU* compiew (the •Otapany") pastas* the U.S. Virgin blonds Wan Limited Liability Company Act phe 'A won the blowing WM and eandidoor IIRCTION 1 ORGANIZATION & FORMATION A. hawks The Maim km been armed el a ILL Virgin Mande limited gabby Gomm under and puma to the U.S. Virght Mash Limited Liable)! Comm Act pha "Ad) by the Mktg of Attacks of Onpadzako rAnickel with the Wm tithe Umtata Moamar. an Weber 19, 2012. as capital by tho Act. & bfigg. The ante of the Canna, AO be "HYPERION AIR. LLCM, The Oznpasy von pager as and Ong with the Me tithe Linamma Gomm' oldie U.& VI* Node nury conduct ik apautimm ardor one or mom aseemed ammo. C. hum The pupa of dm Cowpony kip cog* in mei id activity. yam any moire oc to bow say other lawad ppm pennined byte kw or thee ondlary of the U.S. Virgin Wm& The Comm, lb& have all the powers necammy or convenhea b atkotm purpose kr which kis homed, including powers loosed by the Act. D. Dow The Comm Abell modone in seism meta*. beginning al the date of las °Ha Melamine stardom!! by kw or &aka and termlimet EildillaigiiraingliilatrallUMMatitilliala Tat 0150e aid Raking Agent °Hie Company kr smite ofpmcan within the *rimy b Ilmitem Badge VI, LLC. a 9100 Pan of Sde hist Salle 1.5. St. Thomas, Ualk Vlikt Mods 00102. lit Campaiges priacipel place of Wan' em tall be 6100 Red Hook Woe, 83. St. Theme U.& Vbgin Wade 000( or sock other place at pleas as the Sole Member nay bead* deleaniae. SECTION If ppm oftucruitra MEMIMISIIIP toms AND ammusunotamtmenst similimintat EFTA01481177 CmilslattiltdialwilisiskasibiablikLisiosa The Sole Multiores owandip rights in the Canopy shag be reflected in whirmbenthip Units." at waded in the Compeers as Upon the Anoka tithe Convoy. the Sole Member did rode capital contibtelon to the capitol of the Comm in the unmet arced. or dee pmperty.inslind. orbad, set forth Opposite the Sole Maabee's mem on the Sadao ok of Copied Corthilmisms aseired hereto. The Comm shell damp= Woe so the Sale Member 'id somber of Mashed* heir so aduathed end contributed kr es named on sold Schuh& The Sole bkisher Row mike eilltioad ell conetheeke' e then time to time end et sw brae end in my notate the lee may desk. kiikalalbiabakki Wet ID the travisiostaga Sysitsualsober ney used* end mesa a nyaorx p Ude to ay as or more pumas or antidote, any thee and hoes time to time. The useskr end am ipmutt of a Membership Unit does not, in amt of itsalf, aside the soigne to palicipme in the magma sod Weis of the Cawley dr to become a mamba Sod aligns* is cobs tinkled to rewires se the Wag ermined, the &denim the esekolos Member said otherwise be aided to and such edify* shed only become an meioses eta lambed* Unit and not a Maim Members An seism of e Membenielp Usk shell be admitted as a stistituie Member sod shell be added to the eithe end psen of the sulesor only Veil the Maiden NOM If abated. the Maio* Member, hos to the mote emliped. ell ofthe rights and powers, tad is ailed that *Abe restriction end ashifsies. oft Member of the Calm. %twiddled* the kap*, without the comma of do other Mamba. the Sole Manbet may. by a deb. emoted eareement with the mime, sato my mall of the Membership 'Wks eel soy or ell aide Membership hared lice held by the Sole Member. *de with the Sole Member's meossement red vs* dabs le the Caspar with moped to the Members* Units aul Membership blend son and, upon the comummetion cinch amisoment. the Naive* *honour eluil be aimemically admitted as a etheeknot member, with all of the eights end powers held by. sad soldea to sll tithe remictioss grad limbilities imposed epos. the Sole Member hantelidebt prior to ma emisasent. to the Sall acted elite iambus* Wks awl Membership bared so essissed. C. No beam No bens ad's. Copied contagion to the Cowpony she not acerb hicast, nape es of avise apes* melded for in ids Astematt, facept as EFTA01481178 otherwise provided Jodie Avant* e Member del curd be entitled to widthsoar becalm as 04 a GOBI cantithudon ay pardon thmet. prodded, however. the, abject to ho surrisions of Section. IV herso4 the Sole Member shell Sem time to time tail at my sine. in the Sole Manber's ellaraion4 be melded to withdrew. end Nevin a ream eat, ad or any pmt of the Sole Mendes espial moribmita. SECTION III CAPITAL ACCOUNT A.Cedtaggue. A aphid mold Maisel Amman AM 'mod fatthe Sole Member, and each addidead Member, if any, la madam sib the pueblos of this Miele. L hospejoleuktiow The CRAW Amami of cab Maier sal be incased by: (o) The Sir melbas value ear Membent initial aphid coaltibution act sty Wilma, opal easibmias by the Member to the Company. If up paper% other then mei Is co fined to or din ad by the Compaq, the mtbamentstee Opal Amass wed by Tammy Replmioa See** 1.704-1(bativX4 (e), (0 mi 00 and tkedon 1104.101X4)11) dill beau& (b) The Member's shoe ofthe areas in the tax beds of Campy prepay, if any. miasma ofthatempannofeay Ian audit. (e) Ahead= to the Member of Pm& (d) Comp* theme or pia heinding loam mid pia amp Acm imam teak* as povidod take this Aram* or adze by Rapala halm 1.704-104rlxii). (e) The annum of Compaq liabilities that are as by the Member. Z.Regiandogookijkimmi The Ciphal Amami dads Wax siall be dammed by: (a) ite mama of money wed to the Member by the Compel), paw to lay orovisioa ofthis Apemen'. (b) "nse liirmothavalee tempo dial and to the Member by the Comp" (am of Melee seared by stath dbialated prepay die Member is annikeed to assume emake m coder Code Section 7521 (c) Allocations to the Member ofLossa (d} Alloostions 10 the Member of delimiters, apnea Nonreetasse EFTA01481179 Deadens and act Imes ahead to him pomat to this Apeemeat, sad the Marabaas 'boa of Company apeadiatea which are wither *data am tap* dap* to Opal Amens wader Code Saila 70I(e)2)(8) or as awed as tab apathies ander litany Regulation Sada 1.7044(1421141). "Narcotise Dmittedeass shell have the oneening see bob in Maio* Repletion Soaks 1.704.2. bd The emovat or my Nobilities or the Member that re mond by the Coming SIMON IV ALLOCATIONS AND DISTRIBUTIONS A. Magas" For purposes of maddaing each Merabses Capital Amoy^ al of the Ca au pad% ad low expose wad ether hems aflame, pia, kes, end met& the be dammed to the Member in pew*. to the /emboli* Units bald by sash Member ea eampered to the toad non* ofeememding Membenhip Unita AN items of Compeny tad* imam, pin, lea, dedeetion. end met recepised or adovrable far Federal imam tax mews shall be imam* deeded and mead or ohne b ad Member in pupation to the Membership Units held by web Member m eampered to the tail member of madam' Memberidp UAL B. ffspimiggs Net ads flow shell be wed at as time and bad emanate se may be detemdned ban time to dme and at few dare by the Sale Member of flee Comm ht the taming *dlr. I. Rat, la the Members fa repayment entry advance °Made to the Camp" as a tends., Is the moot dead kr properden to each advance; indbding. ions, thews. If s% 2. Adettional dittibmines, few 1011 be made* the Iambus htpeepottiet totem histabluhip' Units held by them neptedvedy• deb snevats end at adh times as may be detention* by the Sole hkenber ofthe Camper,. C. L At the emulation of the Comply and after the Compemy ha added m provided fix the tan of all the Campany's debis and other oblastiame, the EFTA01481180 Compewt'e meets we be dbittlsord be ash to the Members and ody &melded numbed stale imbues lave not been merle* Weaned fink be &dor, of their rupsedve eapitdiaL ai ewd dank in properties to the Membership Untie held by them, rupeethdy. 2. lithe Cram lob minded seeds to make the dbeibetiams deledbed is the fareplas pempaph, the Compaq till make dbeibedoes in properties to the Imam of the tupeetive aphid amounts of the Members and any digeadmed members whose interests !em net been ptevieuely redeemed. INICIX*1 V MANAGINSINT tIPMRCSS A. jagaget. lb Clow del be ommepremenesed. The laid Maw of the Compew shell be Gonne Vilma The Mawr thdl mow the badness aid of date Company ad shell hove Mland complete authority, power mod donation to do all things nommary or convenient to masose, opted and Gamy ors the bs nabs and prop:des 01 the Company, to make &add= regard* time mime and to patient any and all adman or activities asamary or Widens to the Immignment °film Casparty's betinem. •Nottailenthill the saw* eft lilluder the mien coment tithe Sole blembeesidi be readied fortis hbapiertz tramtbr, assign, convey, or adtorwhe dome of any pet of the Company's some 2. Canoe the Camay to inns ray Ms in sumo of 4000, ',holm or not in the minty come tibias* 3. Case dm Compray to bear arty debt has than MOO other dun b dre adimsy sane ofbednost 4. Cane die Cempme to conmeat am auto in ocean with toy debt mimed to io clam 2 or 3 above; 5 loam twat er appmve the seefor, moignmet, conveyance or robe dopodtion of any Mombonhip Usk* or Mambas* Went in the Casper 6. Ma" amend or Med the Oporaing Ailment of the Camper 7. Appold or id da vacancy order Manger; ■ Aram awn emetic ofthe Comply with my coherent*: 9. Arnett abler, raped, or take my action incmsbant with any tesdudos of the Ur Menben EFTA01481181 to late se tingle apeme or oosibmion girded apatite la exam c435,000; 11. Caws the Cowpony so make way distributions to ho Mornbets C. bduafiganianiaakt A Membenldp Unit it added to be voted only Mt is owned by a Mate and each ouch Membership Wit shad be added to one vote. Wen an asoknee nor a trash= may vat a Momberoldp the oohs so& Nesnei nr nmagne seabed so a Member. seam vi MalbillINSELIUSIXIMISIQUEMIE A. Isfabohniabfax. Was othendsr provided by by or eves* awned paw Ma Irdden inammat deed by tack mon, neither the Sole Member nor the Mow dad be pone* br dor ads, debt or Salads date Calm. • thismiliddiddi f. Swept at othawbo provided it this Sonia the Compaw, its receiver or tis tame shed indemnity, *hod and hold hatates the Sole Member and the Manton aid tfrcir helm portend reprosentadvas, and seccomors, and may inemnik Mond and hold loudest any employee or ova, who um or is a posy or it thrommod to be mob a pay b ditstami, pears or completed action, soh or pamonfos, firom and spina my apse, los% &mar or liability banal or comma with, or any ems, smelt, demand. Wily, con or moose, wthoot limkwion. nesowibk stomey's kes, arising from or rdated to. die Comp" or soy am or 'minim of the Sole Member, the Wooer or seek employee or agoti on Waif of the Cenipsew. and amounts paid b settlement of any of the above, provided diat such ammo were not the malt of hod, gross negkence. or MAWS or intentional miscondoct on the port of the Sole Member, the Mensior or web empleote or aomt against Miners dabs is esseried. Tk Commit may advance to the Sob Member, the Meager or ary Ind employee or apt aired their teeportho beim. pentad representatives. and seems= the costs of Mean any thins, sok or action against such meson if such pew* endenekos so rem die finds advanced, with barest. if the pence is not =tided to iiidownificadon widw this Section. 2. To the Wed SW Ss Sole Marker, the Maw" or wry sock employee or oat of ire EFTA01481182 Compeny ha been sweessild on die merits or otherwise in defence of en action, air or proceeding or hi dare of any dabs. issue or other miner in die adios, salt or reeee64. such person she be indemnified spinet acted sad reasonable expensar, ineladre• w attoeneye hes. formed by ash paean in comieedon with die adios, snit or proceed* and any action, soh or proceeding bought to ohne the miedenny kidemnitiridoe provided herein. 3. Any bdonnifiesdon permitted ender this Section. wises mdered by a cant shah It made by the Cowpony only as mithericed in the specific case epee a thoorminetion do the indenthilication is proper ender the eireathwatices brow die person m be iodeninified has me the applicable stands* of conduct ald upon an evehodion of the merreasblenem of uproot and amounts paid in oedema determinadon and evoke** AM be made by the vat Odic ovierity of the Member** the of the members who we not parties or threatened to be made perdu no the adioss, snit or proceeding. Noteddistandbg the Owego* to the comity, no indenwhicetion diell be provided to any Mow" employee or agent of*. Comp* kr or is connection with the receipt of a basil benefit to which such perm is sot entitled. mitt for or amengins to as dbarbudon to the Members in violation of this Agerenent or the Act, or knowing vieladon szenon vn LMEAVIE The Cowpony Ad be dissolved, end dal testate wol wind up its NM* on the deterailistion ofthe Sole Menthw to do ow =non via MinigialiSEMSEMBEi A. kgdodhogio. The Sudan Mho and nombes eonlained bilis /totems* have been WOW only is a meths ofcerwenience and for Matto; satin noway dui be Ceenteild to define, limit er describe the scope et hoes d my provision of this Agreement. B. klialgift. The broil*? a unaheageby of any pike* pladdat of this Ammo ebell Am the other pawkions bunt ad els Agawam* dal be awned in di tapas as Windt invalid or ammereable pavilions am admit EFTA01481183 C. afkmagya 111 Agsamas say be asseol or !evoked et any dim in yam with the coment deo ale bfraber. No dame orb the Avowal dal be *eel takes in writing and IOW ig the Sole Maga akilhaect, SeVeet to the wakes cede; Agana Males lc tameability, ibis Armee will be bIdI4 niza and tall imne to the benefit arts paha, ad their awake dkilatins, kits. suemem and aseigaa • aftleilallt bred* otthe piens stem tide Aram* any be eascaed Sae Mtenbee. the ights ad abibutices eihe Sok Mad* ad my dela end apes relies them% AM be added to end gevoard by, ad eonetaad sad mead in ateadme with dir bees tithe Teners ella U. iando. 111 WIT ass 112115601P, the Me Mather nukes ad exams this *eating Amines on d—edyaadyawfiatneam above. ISISIGNAMON AS MANAGER AND THE WAS BUOY APPUCAELZ le TIM WHAM AM maw MEMBER LISTING; corm CONTRURMONS Moist ramilead Mal MOW lifemborthip moor loacentsse M JEFFREY E. EPSTEIN S1000.00 100 MO% ACCEF till;AID AWED: RY: JEFFREY 19.2012 Al DATE: Ocsaber EFTA01481184 re=ldadE ter RIM Ve 0 CITADEL° Doc Cads Doe Code Doc Cads Doe Cods Account Numbers 19$ 00 Aotouni Numbers 4/11219414 46 EFTA01481185