Real Property Transfer Agreement - Affordable HomeMatters Indiana LLC Intend Indiana

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APPROVED AND FILED DIEGO MORALES INDIANA SECRETARY OF STATE 05/03/2024 03:16 PM (a) Managers, Officers and committee members shall not be personally liable for the debts, obligations or liabilities of the Company, whether arising in contract, tort or otherwise, or for the acts or omissions of the Member, other Managers or Officers or committee members, agents or employees of the Company. A Manager, Officer, or committee member shall perform his or her duties as a Manager, Officer, or committee member in good faith, in a manner the Manager, Officer, or committee member reasonably believes to be in the best interests of the Company, and with such care as an ordinarily prudent person in a like position would use under similar circumstances. A Manager, Officer, or committee member is not liable for any action taken as a Manager, Officer, or committee member, or any failure to take any action, unless the Manager, Officer, or committee member has breached or failed to perform the Manager's or Officer's or committee member's duties and the breach or failure to perform constitutes willful misconduct or recklessness. (b) In performing the Manager's or Officer's or committee member's duties, a Manager or Officer or committee member shall be entitled to rely on information, opinions, reports, or statements of the following persons or groups unless the Manager or Officer or committee members has knowledge concerning the matter in question that would cause such reliance to be unwarranted: (i) One or more employees or other agents of the Company or the Member whom the Manager or Officer or committee member reasonably believes to be reliable and competent in the matters presented; (ii) Any attorney, public accountant, or other person as to matters which the Manager or Officer or committee member reasonably believes to be within such person's professional or expert competence; or (iii) A committee upon which the Manager or Officer or committee member does not serve, duly designated in accordance with a provision of the Articles or this Agreement, as to matters within its designated authority, which committee the Manager or Officer or committee member reasonably believes to merit confidence. (c) Except to the extent provided in the Articles, every Manager or Officer or committee member is an agent of the Company for the purpose of apparently carrying on in the usual way the business of the Company, and the act of every Manager or Officer or committee member, including the execution in the Company name of any instrument for apparently carrying on in the usual way the business of the Company, binds the Company, unless such act is in contravention of the Articles of Organization or this Agreement or unless the Manager or Officer or committee member so acting otherwise lacks the authority to act for the Company, and the person with whom the Manager or Officer or committee member is dealing has knowledge of the fact that such Manager or Officer or committee member has no such authority. Section 4.8. Liability. The Member shall not be liable for the debts, obligations or liabilities of the Company by reason of being a Member of the Company. Section 4.9. Compensation. Subject to the provisions of the Member's policies concerning conflicts of interest and excess benefit transactions, the Company may pay reasonable 6 -Page 10 of 23 -