This Operating Agreement (this “Agreement”) sets forth the rights and obligations among [[DAO LLC NAME]], a Delaware limited liability company (the “Org”) and the members of the Org.
A. The Org has been formed for the purposes contemplated by this Agreement by the filing with the Secretary of State of the State of Delaware of a Certificate of Formation (the “Certificate”) in accordance with the Delaware Limited Liability Company Act (the “Delaware LLC Act”).
B. This Agreement is being entered into for the purposes of organizing and establishing the governance and operations of the Org and the rights and obligations of membership in the Org.