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Manager Consent - Lofty Holding 621 E Le Claire Road LLC - 621 E Le Claire Rd Eldridge, IA 52748.pdf

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ACTION BY WRITTEN CONSENT OF THE MANAGER OF Lofty Holding 621 E Le Claire Road LLC April 18, 2022 The undersigned, being the manager (the “Manager”) of Lofty Holding 621 E Le Claire Road LLC, a Delaware limited liability company (the “Company”), pursuant to Section 18-404 of the Limited Liability Company Act of the State of Delaware and the Limited Liability Company Agreement of the Company dated April 18, 2022, as may be amended and restated from time to time (the “LLC Agreement”), hereby adopt

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ACTION BY WRITTEN CONSENT
OF THE MANAGER OF
Lofty Holding 621 E Le Claire Road LLC
April 18, 2022
The undersigned, being the manager (the “Manager”) of Lofty Holding 621 E Le Claire
Road LLC, a Delaware limited liability company (the “Company”), pursuant to Section 18-404 of
the Limited Liability Company Act of the State of Delaware and the Limited Liability Company
Agreement of the Company dated April 18, 2022, as may be amended and restated from time to
time (the “LLC Agreement”), hereby adopts the following resolutions by written consent, effective
as of April 18, 2022:
Appointment of Officers
RESOLVED, that the following persons are appointed as officers of the Company
to the offices set forth opposite their respective names, to serve until their respective
successors are duly appointed and qualified or until any such officer’s earlier resignation
or removal:
Chief Executive
Officer:

Jerry Chu

Secretary

Jerry Chu

Authority of Officers
RESOLVED, that in accordance with the powers of the officers specified in the
LLC Agreement, the officers of the Company are authorized to execute and deliver any
agreement in the name of the Company and to otherwise obligate the Company with respect
to the business of the Company, within general guidelines and budgets approved by the
Manager; provided, however, that the Manager may adopt from time to time specific
limitations on the authority of such officers.
Authorization of Residential Property Purchase
WHEREAS, the Manager has determined that it is in the best interests of the
Company and its stockholders to adopt and approve the purchase of property located at 621
E Le Claire Road, Eldridge, IA 52748 from HH Eldridge LLC for a total purchase price of

$2,320,000 in substantially the form attached hereto as Exhibit A (the “Purchase
Agreement”).
RESOLVED, that the Manager hereby adopts and approves the Purchase
Agreement on substantially the terms described above with such changes or modifications
thereto as may be approved by the appropriate officers of the Company, such officer’s
approval to be conclusively evidenced by the execution and delivery of the Purchase
Agreement, including any documents related thereto.
RESOLVED FURTHER, that the appropriate officers of the Company be, and
each of them hereby is, individually authorized and directed, for and on behalf of the
Company, to execute and deliver the Purchase Agreement, with any such changes therein,
additions thereto, and deletions therefrom as such officer or officers executing and
delivering the same may, in his or their sole and absolute discretion approve, such approval
to be conclusively evidenced by his or their execution and delivery of any such agreement,
instrument, or document with such changes therein.
General
RESOLVED, that the officers of the Company be, and they hereby are, authorized,
directed and empowered to execute any applications, certificates, agreements or any other
instruments or documents or amendments or supplements to such documents, including
any blue sky filings and unit certificates, or to do or to cause to be done any and all other
acts and things as such officers, in their discretion, may deem necessary or advisable and
appropriate to carry out the purposes of the foregoing resolutions.
RESOLVED, this written consent may be executed in two or more counterparts,
each of which shall be deemed an original, but all of which together shall constitute one
and the same written consent.

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