Joint Operating Agreement Puns

You can find the full news release at https://pro.ceo.ca/@nasdaq/pyrogenesis-signs-joint-venture-agreement-to-build

PyroGenesis Signs Joint-Venture Agreement to Build and Operate Plants to Convert Aluminum Dross Residues into High Value Chemical Products

MONTREAL, Sept. 27, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, is pleased to announce today that, further to its Q2 2021 financial results press release (section Outlook) dated August 16th, it has signed joint venture and license agreements (both agreements collectively the “JV”) with a leading residue processor (the “Partner”) to transform dross residues into high value chemical products.

“This is a very interesting addition to PyroGenesis’ offerings as it fits perfectly into PyroGenesis’ existing portfolio of waste management services offered to the aluminum industry, at a time when aluminum prices are making our core technology even more valuable. This JV not only solidifies our Drosrite™ offering, but it is also able to address a downstream problem that is increasingly plaguing the industry; namely, how to handle dross residues which are becoming more and more regulated and banned from landfills,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “This is the ultimate coffee & donut strategy where, with very little additional effort, we are able to sell, alongside Drosrite™, a separate compelling green solution, which also further secures Drosrite™’s commercial competitiveness.”

This 50:50 JV will be geared towards building, installing and operating dross residue valorization facilities worldwide. To this effect, PyroGenesis secured, through the JV, an exclusive license to a patented and novel technology which is expected to convert dross residues into high value chemical products. Under the terms of the JV, the exclusive access to the technology initially applies to projects in North America and in the Gulf Cooperation Council nations. Upon successful completion of the first project, the exclusive access to the technology will expand to include, for all sense and purposes, the majority of the world. These dross residues are currently either being (i) landfilled (which is increasingly becoming banned by reg

This is the W&K Operating Agreement being passed around on Twitter. See page 3 for the supposed membership distribution. It is verifiably a forgery. Point III H references the Florida Revised Limited Liability Company Act on P.5 despite the fact that the document was supposedly executed February 15, 2011 (P. 17), and the Florida Revised Limited Liability Company Act wasn't even filed until 2013.

That it's a forgery is orthogonal to the main point I'm making here though. Starting on P.32, Bloom considers whether or not Lynn Wright is a member of W&K, meaning the case lacks complete diversity, and therefore Federal Court does not have jurisdiction. She explicitly brings up the W&K Operating Agreement shills keep pointing to (my emphasis):

>Plaintiffs respond that since the August 2019 Order was entered, Defendant still fails to offer any “credible evidence” that diversity is lacking. ECF No. [533] at 27. In their view, Defendant and Ms. Wright’s divorce settlement is a forgery and, notably, it was not included in the Australian court file. Id. at 27-28. They add that Ms. Wright has a strong motive to lie for Defendant, and she has done so in the past. Id. at 28-29. Plaintiffs assert, additionally, that other testimony by Ms. Wright and “clearly forged documents [Defendant] claims he received from her strongly suggest that she was never a member of W&K and lacks any real knowledge of W&K’s membership.” Id. at 29. They point to the W&K Operating Agreement, which they assert is a “boldfaced forgery that contains anachronisms which could not possibly exist if the document was genuine.” Id. They argue that forgeries and unreliable witness testimony do not meet the burden of production for a factual attack on diversity. Id. at 29-30.

Ultimately, she concludes, on P.34:

>Upon review and consideration, the Court does not find a basis to disturb its prior conclusion from the August 2019 Order that Defendant has failed to present credible evidence that Ms. Wright was a member of W&K.

She continues:

>Mr. Eisner, W&K’s corporate representative, separately testified

Hello all,

My partner and I have formed an LLC and we're both bringing cash to the table but we still will need a hard money loan most likely to acquire the house as single family houses cost around ~$600k or more in my location.

We both have a mortgage that we're paying for currently but I am looking to move to a different house in a few years. If I get the hard money loan under my name would that impact my buying ability? The plan is to pay back the loan in 3-4 months and use our cash for the reno budget. I have excellent credit. Does it make sense to have the hard money loan under both people?

For the operating agreement what do I need to put in there? We're going to split everything 50/50.

We're working with a top notch realtor who is going to find off market properties. Is there anything else that we need to think about? Looking for any advise before we acquire our house.

Hi all! This week I finally registered for my first small business’ LLC (yay!) and my processor is asking that I complete the Operating Agreement ASAP. My question is: since the LLC is still pending approval, what date (if any) should I put in the space for date company was formed?

Thanks in advanced! My only legal background is in media/communication law, so this whole process is all new to me.

I'm starting a new business with a partner. I've filed the initial paperwork in my state (IL) through incfile. It's going to be structured as a member-owned LLC.

The business itself will provide home inspection services for primarily residential home buyers.

I understand that Articles of Operation / Operating Agreement (are these terms interchangeable?) are important if I ever get sued and I just want to make sure everything is nailed down right anyway. But most of the samples I've seen are just a few pages in legalese. Doesn't seem sufficient.

So I guess I'd like some advice on how to draft this. Some things I've researched and think I want included:

1. establishing the company as manager managed rather than member managed (I'll be both a member and manager)

2. terms for members coming into / leaving the LLC

3. arrangements for the owners/members to get paid as employees rather than flow-though or forced distribution, but managers still having the ability to distribute additional funds to any employee as a bonus at any time

Who should l talk yo or where should I go to have this done? What else should I be looking at including in this document? Any other general advice about this document?

This is a big leap for me so all advice is welcome.

UPDATE: Amyris (Ticker: AMRS)

Amyris just announced today the completion of a previously announced Joint Venture Agreement with MF 92 VENTURES LLC ("Minerva"), a Minerva Foods subsidiary, to develop molecules for the sustainable production and distribution of animal protein.

https://investors.amyris.com/2021-12-23-AMYRIS-AND-MINERVA-FOODS-COMPLETE-JOINT-VENTURE-AND-LICENSE-AGREEMENTS-TO-SCALE-LOW-CARBON-PROTEIN-PRODUCTION-PLATFORM

**********

There are some key notes in this:

1. New molecules pursuits

a. Molecules to improve and lower the carbon intensity of producing animal protein;

b. Sustainable packaging (note: AMRS has a prior relationship with Kuraray in the food packaging space and has some knowledge of this space as a result);

c. Fermentation-based, natural preservatives that facilitate the transport of meat around the world.

d. Fermentation-based protein as an alternative to animal-based protein (although based on the wording of this as well as Minerva's PR -see below), this will likely be a later stage goal of the JV and may not be under current development for the near future)

Here is a link to an article regarding that subject:

https://www.forbes.com/sites/briankateman/2021/06/07/fermentation-the-new-game-changer-for-alternative-proteins/

2. Expected to generate first license revenue for Amyris before the end of 2021 (i.e., in the next week)

3. Commercial production of its initial targets in 2022 (which is in line with its prior March 16th press release announcement and expectation of 18 months time frame for commercialization).

**********

In reading through Minerva's own press release on the matter:

http://ri.minervafoods.com/minerva2012/web/conteudo_en.asp?idioma=1&tipo=40419&conta=44&id=262625

We find additional information:

1. Initial investment by Minerva US$5 million to JV

2. This represents 60% of the JV's total capital (although it is not clear what this means in terms of % ownership of the JV)

3. This implies that the remaining capital is $3.33MM which leads me to believe is derived from AMRS

4. Most importantly, Melo states " We are executing well and are on track for a strong fourth quarter.". This bodes well for the Q3 Earnings Call.

**********

For those who do not know Minerva Foods, they are one of the leaders in the production and sale of fresh beef and its byproducts, live cattle exports and beef processing in South America. Here are some bits of relevant d

For those of you who have been voting for Mondale over Megathump... well the thing is your position in r/SuccessionTV could become complicated if you get too associated with Mondale.

The animal lovers, as you know, have been voting in our little polls. And those who want them out, you've never done this before. And we're all very, very concerned. I don't want to see either animal win. We need our votes all working together. One big happy family. Joint Defense Agreement. Big strong umbrella. Keeps your favorite character dry.

Megathump, then Mondale.

https://twitter.com/hardytskagimoto/status/1473142704595152899?s=21

You can find the full news release at https://pro.ceo.ca/@nasdaq/pyrogenesis-signs-joint-venture-agreement-to-build

PyroGenesis Signs Joint-Venture Agreement to Build and Operate Plants to Convert Aluminum Dross Residues into High Value Chemical Products

MONTREAL, Sept. 27, 2021 (GLOBE NEWSWIRE) -- PyroGenesis Canada Inc. (http://pyrogenesis.com) (NASDAQ: PYR) (TSX: PYR) (FRA: 8PY), a high-tech company (hereinafter referred to as the “Company” or “PyroGenesis”), that designs, develops, manufactures and commercializes advanced plasma processes and sustainable solutions to reduce greenhouse gases, is pleased to announce today that, further to its Q2 2021 financial results press release (section Outlook) dated August 16th, it has signed joint venture and license agreements (both agreements collectively the “JV”) with a leading residue processor (the “Partner”) to transform dross residues into high value chemical products.

“This is a very interesting addition to PyroGenesis’ offerings as it fits perfectly into PyroGenesis’ existing portfolio of waste management services offered to the aluminum industry, at a time when aluminum prices are making our core technology even more valuable. This JV not only solidifies our Drosrite™ offering, but it is also able to address a downstream problem that is increasingly plaguing the industry; namely, how to handle dross residues which are becoming more and more regulated and banned from landfills,” said Mr. P. Peter Pascali, CEO and Chair of PyroGenesis. “This is the ultimate coffee & donut strategy where, with very little additional effort, we are able to sell, alongside Drosrite™, a separate compelling green solution, which also further secures Drosrite™’s commercial competitiveness.”

This 50:50 JV will be geared towards building, installing and operating dross residue valorization facilities worldwide. To this effect, PyroGenesis secured, through the JV, an exclusive license to a patented and novel technology which is expected to convert dross residues into high value chemical products. Under the terms of the JV, the exclusive access to the technology initially applies to projects in North America and in the Gulf Cooperation Council nations. Upon successful completion of the first project, the exclusive access to the technology will expand to include, for all sense and purposes, the majority of the world. These dross residues are currently either being (i) landfilled (which is increasingly becoming banned by reg