OPERATING AGREEMENT FOR ADESA NEVADA, LLC Effective as of August 18, 2010Operating Agreement • February 24th, 2011 • Insurance Auto Auctions Tennessee LLC • Retail-auto dealers & gasoline stations • Indiana
Contract Type FiledFebruary 24th, 2011 Company Industry JurisdictionTHIS OPERATING AGREEMENT (this “Agreement”) is made and entered into as of this 18th day of August, 2010 (the “Effective Date”), by and between ADESA Nevada, LLC, a Nevada limited liability company (the “Company”), and ADESA, Inc. (the “Member”), as the sole initial member of the Company. The Company was organized as a limited liability company under Nevada Revised Statutes, Chapter 86 - Limited-Liability Companies (“NRS Chapter 86”). Certain defined terms used in this Agreement are set forth in Schedule I (Schedule of Definitions) attached hereto and made a part hereof. In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration, and intending to be legally bound hereby, the undersigned parties hereby agree as follows:
OPERATING AGREEMENT FOR LIBERTY RECOVERY, LLC Effective as of September 3, 2010Operating Agreement • February 24th, 2011 • Insurance Auto Auctions Tennessee LLC • Retail-auto dealers & gasoline stations • Indiana
Contract Type FiledFebruary 24th, 2011 Company Industry JurisdictionTHIS OPERATING AGREEMENT (this “Agreement”) is made and entered into as of this 3rd day of September, 2010 (the “Effective Date”), by and between Liberty Recovery, LLC, an Indiana limited liability company (the “Company”), and PAR, Inc. (the “Member”), as the sole initial member of the Company. The Company was organized as a limited liability company under the Indiana Business Flexibility Act, Indiana Code § 23-18-1-1 et seq. as amended (the “Act”). Certain defined terms used in this Agreement are set forth in Schedule I (Schedule of Definitions) attached hereto and made a part hereof. In consideration of the mutual covenants and agreements contained in this Agreement and other good and valuable consideration, and intending to be legally bound hereby, the undersigned parties hereby agree as follows: