ContractOperating Agreement • March 31st, 2006 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware
Contract Type FiledMarch 31st, 2006 Company Industry JurisdictionOPERATING AGREEMENT OF LIGHTSTONE MEMBER III, LLC This Operating Agreement is entered into this 30th day of June, 2005, by and among DAVID LICHTENSTEIN, an individual (“Managing Member”), with an address c/o The Lightstone Group LLC, 326 Third Street, Lakewood, New Jersey 08701; PRESIDENTIAL REALTY CORPORATION, a Delaware corporation, with an address at 180 South Broadway, White Plains, New York 10605 (“PRC”); ROBERT BRVENIK, an individual, (“Brvenik”) with an address at 11410 Seymour Lane, Spotsylvania, Virginia 22553 and NICHOLAS KING, an individual (“King”), with an address at 217 E. Redwood, Suite 20, Baltimore, Maryland 21202. WHEREAS, David Lichtenstein, as the sole member, formed the Company by the filing of a Certificate of Formation with the Delaware Secretary of State on June 16, 2005, and WHEREAS, on June 30, 2005, the Property Owners, each of which is wholly owned by the Macon Burlington Owner, LLC, acquired the Properties, subject to the Mortgage Loan; and WHEREAS, on th
AMENDED AND RESTATED OPERATING AGREEMENT OF LIGHTSTONE MEMBER II LLC Dated as of December 23, 2004Operating Agreement • March 31st, 2006 • Presidential Realty Corp/De/ • Real estate investment trusts • Delaware
Contract Type FiledMarch 31st, 2006 Company Industry JurisdictionAMENDED AND RESTATED OPERATING AGREEMENT OF LIGHTSTONE MEMBER II LLC This Amended and Restated Operating Agreement is entered into this 23rd day of December, 2004, by and among DAVID LICHTENSTEIN, an individual (“Managing Member”), with an address c/o The Lightstone Group LLC, 326 Third Street, Lakewood, New Jersey 08701 and PRESIDENTIAL REALTY CORPORATION, a Delaware corporation, with an address at 180 South Broadway, White Plains, New York 10605 (“PRC”). WHEREAS, David Lichtenstein, as the sole member, formed the Company by the filing of a Certificate of Formation with the Delaware Secretary of State, and entered into the Operating Agreement of the Company dated December 1, 2004 (the “Original Agreement”); and WHEREAS, on December 16, 2004, the Property Owners, each of which is wholly owned by the Company, acquired the Properties, subject to the Mortgage Loan; and WHEREAS, on the date hereof, the Mezzanine Lender is making the Mezzanine Loan to the Company; and WHEREAS, David Lichten