Phoenix Arizona Exhibit A to Operating Agreement - Contract Area and Parties - Form 2

• Category: Oil Gas and Minerals - Agreements
• State: Multi-State
• City: Phoenix
• Control #: US-OG-740
• Format: Word; Rich Text

Description

This operating agreement exhibit contain contract area information, working interest percentages, and a description of leasehold and oil and gas interests.

Phoenix Arizona Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is a legally binding document essential for outlining the specific details of an operating agreement related to business operations in Phoenix, Arizona. This exhibit acts as an attachment to the operating agreement and provides a comprehensive description of the contract area and involved parties. Incorporating relevant keywords, we will dive into the details of this document. Keywords: Phoenix Arizona, Exhibit A, Operating Agreement, Contract Area, Parties, Form 2. Description: 1. Purpose of Exhibit A: The purpose of Phoenix Arizona Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 is to provide a detailed account of the contract area and the parties involved in the operating agreement. It serves as an essential component to establish clarity, legal protection, and a well-defined framework for conducting business in Phoenix, Arizona. 2. Contract Area: This section of Exhibit A defines the geographical boundaries and premises where the business activities covered by the operating agreement will occur. It includes detailed information such as the physical address, square footage, or any other relevant identifiers that clearly demarcate the designated contract area in Phoenix, Arizona. 3. Parties Involved: Exhibit A additionally outlines the specific parties involved in the operating agreement. It typically includes the legal names, addresses, and contact information of all the parties who are signatories to the agreement. Various types of parties that could be mentioned in this exhibit include: a) Members or Shareholders: If the business operates as a limited liability company (LLC) or a corporation, this section identifies the members or shareholders who have ownership rights and responsibilities in the company. b) Managing Members or Board of Directors: In case of an LLC or corporation, this section outlines the managing members or board of directors responsible for making key decisions and managing the day-to-day operations of the business. c) Guarantors: If there are any individuals or entities providing a guarantee or securing certain obligations defined in the operating agreement, their details are included in this section. d) Other Relevant Parties: This section may also include details of any other parties involved, such as lenders, suppliers, vendors, or other entities closely associated with the business operations and covered by the operating agreement. 4. Types of Phoenix Arizona Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2: While the document title remains the same, the content within Exhibit A may vary depending on the specific nature of the operating agreement. For instance, the exhibit content may differ when it comes to different business structures like LCS, partnerships, corporations, or when agreements cover various industries or sectors. To summarize, Phoenix Arizona Exhibit A to Operating Agreement — Contract Area anPartiesie— - Form 2 plays a crucial role in defining the contract area and parties involved in an operating agreement specific to Phoenix, Arizona. By providing detailed information about the geographical area and parties, this exhibit ensures clear understanding, minimizes conflicts, and safeguards the rights of all involved entities.