Orange County NC Website
Browse       Search
7 <br /> <br /> <br />FIRST AMENDMENT TO OPERATING AGREEMENT <br />OF FOX HILL FARM, L.L.C. <br />THIS FIRST AMENDMENT ("Amendment") to the Operating Agreement of Fox Hill <br />Farm, L.L.C.,a North Carolina limited liability company (the "Company"), is made as of the 1st <br />day of October, 1998, by RANDOLPH D. FOX {"Fox",); <br />WITNESSETH THAT: <br />WHEREAa"", Fox is the sole party to that certain Operating Agreement of the Company <br />dated 7anuary 1, 1998 (the "Operating Agreement"); and <br />WHEREAS, Fox is the sole Member and Manager of the Company; and <br />WHEREAS, Pox desires to amend the Operating Agreement for the purposes of increasing <br />the number of Managers of the Company from one to two and to name the second Manager; <br />NOW, THEREFORE, in consideration of the premises and other good and valuable <br />consideration, the receipt and sufficiency of which are hereby acknowledged, Fox hereby states <br />and agrees as follows: <br />1. Amendment of Operating. Agreement. Section 3.2 of the Operating Agreement is <br />hereby amended for the purpose of stating that there shall be two (2) Managers of the Company. <br />Schedule II of the Operating Agreement is hereby deleted and replaced by Schedule II attached <br />hereto and incorporated herein by this reference. Schedule II attached hereto sets forth the names <br />and addresses of the Managers of the Company which are effective as of this date. <br />2. Conflicting_Terms. Whenever the terms and provisions of this Amendment shall <br />conflict with the terms and provisions of the Operating Agreement, the terms of this Amendment <br />shall .control over the conflicting terms of the Operating Agreement. <br />3. Ratification of Operating Agreement. Except as expressly set forth in this Amendment, <br />the Operating Agreement is hereby ratified and affirmed. <br />IN WITNESS WHEREOF, Fox, as the sole. Member of the Company, has executed this <br />Amendment on the day and year first above written. <br />w}~w\emend.fox <br />ME R: <br />~c~ <br />Rando ph D. Fox <br />