OPERATING AGREEMENT OF GROUNDFLOOR YIELD LLC (A Georgia Limited Liability Company) DATED: APRIL 10, 2020Operating Agreement • August 21st, 2020 • Groundfloor Yield LLC • Real estate • Georgia
This OPERATING AGREEMENT of GROUNDFLOOR YIELD LLC (the “Company”), a limited liability company organized pursuant to the Georgia Limited Liability Company Act (the “Act”), is executed effective as of the date set forth on the cover page of this Agreement. GROUNDFLOOR FINANCE INC., a Georgia corporation (“Groundfloor Parent”), is the sole member of the Company. Solely for federal and state tax purposes and pursuant to Treasury Regulations Section 301.7701-3, Groundfloor Parent and the Company intend for the Company to be disregarded as an entity that is separate from Groundfloor Parent. For all other purposes (including, without limitation, limited liability protection for Groundfloor Parent from Company liabilities), however, Groundfloor Parent and the Company intend for the Company to be respected as a legal entity that is separate and apart from Groundfloor Parent.
FORM OF GROUNDFLOOR YIELD LLC NOTE PURCHASE AGREEMENTNote Purchase Agreement • August 21st, 2020 • Groundfloor Yield LLC • Real estate • Georgia
This Note Purchase Agreement (the “Agreement”) is entered into by the undersigned investor (“Investor” or “You”) in connection with such Investor’s purchase of Groundfloor Yield Notes (each, a “Note” and collectively, the “Notes”) issued by Groundfloor Yield LLC, a Georgia limited liability company (“Groundfloor Yield”, or the “Company”) in accordance with the terms herein. Investor understands that the offer and sale of Notes by the Company has not been registered under the Securities Act of 1933, as amended (the “Securities Act”) and is being offered pursuant to that certain offering statement under Form 1-A (together with all exhibits, supplements, and post-qualification amendments, the “Offering Statement”) qualified by the Securities and Exchange Commission (“SEC”), which may be obtained from the SEC EDGAR filing website at https://www.sec.gov. No decision to invest in the Notes should be made without reading the Offering Statement and the other Note Purchase Documents (as such te
