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HomeMy WebLinkAboutSWA000114_Recorded Document_20210901SOSID: 1599136 Date Filed: 6/1/2017 8:09:00 AM Elaine F. Marshall North Carolina Secretary of State C2017 151 00846 ARTICLES OF ORGANIZATION of THYME PROPERTIES, LLC Pursuant to § 57D-2-20 of the General Statutes of North Carolina, the undersigned does hereby submit these Articles of Organization for the purpose of forming a limited liability company. The name of the limited liability company is: THYME PROPERTIES, LLC 2. The term of the limited liability company is perpetual. 3. The name and address of the member executing these Articles of Organization is as follows: Stephen J. Phillips 2255 Lewisville Clemmons Rd, Suite C Clemmons, NC 27012 4. The street address and county of the initial registered office of the limited liability company is: 2255 Lewisville Clemmons Rd, Suite C Clemmons, NC 27012 Forsyth County 5. The name of the initial registered agent is: Stephen J. Phillips 6. All members of the limited liability company, by virtue of their status as members, shall be managers of this limited liability company. 7. To the fullest extent permitted by applicable law, as it now exists or may hereafter be amended, the limited liability company shall indemnify all members and managers of the limited liability company against all liability and litigation expense, including, but not limited to, reasonable attorney's fees, arising out of their status as such or their activities in the foregoing capacity, regardless of when such status existed or activity occurred and regardless of whether or not they are members or managers of the limited liability company at the time such indemnification is sought or obtained. Without limiting the generality of the foregoing indemnity, such persons may also recover from the limited liability company all reasonable costs, expenses and attorney's fees in connection with the enforcement of rights to indemnification granted herein. The provisions of this paragraph are in addition to and not in limitation of the power of the limited liability company with respect to, and the rights of any manager or member of the limited liability company to receive the benefits of, any other or further indemnification, insurance, elimination of liability or the right or benefit which is either required by THE NORTH CAROLINA LIMITED LIABILITY COMPANY ACT or permitted thereby and duly adopted by the limited liability company in accordance therewith. 8. To the fullest extent permitted by applicable law, as it now exists or may hereafter be amended, no member or manager of the limited liability company shall have any personal liability arising out of any action, whether by or in the right of the limited liability company or otherwise, for monetary damages for breach of his or her duty as a manager or member. This paragraph shall not impair any right to receive indemnity or insurance from the limited liability company or any third party which any member or manager may now or hereafter have. Any repeal or modification of this paragraph shall not impair or otherwise adversely affect any limitation on, or elimination of, the personal liability of a member or manager effected hereby with respect to acts or omissions occurring prior to such repeal or modification. 9. These Articles are to be effective upon filing. THIS the 31st day of May, 2017. Stephen J Phillips, Member 2255 Lewisville Clemmons Rd, Suite C Clemmons, NC 27012 (336) 354-1155 (ph) (336) 354-4010 (fx)