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Step 2 - OPERATING AGREEMENT FOR EQUILIBRIUM, LLC
This Operating Agreement (the "Agreement") is entered into as of , by and among the undersigned members of Equilibrium, LLC (the "Company"), a limited liability company organized under the laws of the State of Maryland.
The Company is formed as a limited liability company pursuant to the laws of the State of [State]. The Company’s principal place of business shall be [Address], or such other place as determined by the Managing Members.
The Company’s purpose is to promote mental health testing before diagnosis and medication by purchasing and renting equipment to facilities that provide mental health evaluations. The Company will also issue a cryptocurrency, Equilibrium Token ("EQL"), to fund its initial efforts and support its operations.
Membership in the Company is represented by Equilibrium Tokens ("EQL"). Each token grants the holder specific membership rights outlined in this Agreement.
- Tokens represent access to the Company’s services, voting rights on specific matters, and participation in the Company’s community initiatives.
- Tokens do not represent ownership, profit-sharing rights, or any entitlement to dividends.
- Token holders may vote on non-critical matters such as community projects or initiatives as determined by the Managing Members.
- Token holders have no authority to manage or control the Company’s operations or finances.
- Token holders are not entitled to receive profits or returns based on the Company’s success.
The Company shall be managed by Managing Members who shall have full authority over the operations, finances, and decision-making of the Company.
- Voting rights are limited to specific matters outlined by the Managing Members, such as community-driven initiatives.
- Each EQL token grants one vote on eligible matters.
Advisors and partners allocated tokens may provide strategic advice but do not have management authority.
The total supply of Equilibrium Tokens (EQL) is fixed at 2,000,000,000 and shall be distributed as follows:
Category | Allocation | Percentage |
---|---|---|
Owner Allocation | 300,000,000 EQL | 15% |
Mental Health Testing Fund | 700,000,000 EQL | 35% |
Community and Liquidity Pool | 700,000,000 EQL | 35% |
Advisors and Partners | 100,000,000 EQL | 5% |
Reserve Fund | 200,000,000 EQL | 10% |
- Tokens may not be freely traded or transferred without the written consent of the Managing Members.
- Unauthorized transfers shall render the tokens void.
- Members may sell or trade tokens within the Community and Liquidity Pool.
- The Company will provide a mechanism to facilitate token trades at the prevailing token value.
Proceeds from token sales will be used exclusively for the Company’s operations, including but not limited to:
- Purchasing equipment for mental health evaluations.
- Renting equipment to facilities.
- Supporting the Mental Health Testing Fund.
Upon dissolution, all remaining assets, after satisfying debts and liabilities, shall be used to redeem outstanding tokens based on their utility within the Company.
Tokens shall become void upon dissolution and will not entitle holders to any residual profits.
Tokens do not guarantee any financial return, appreciation, or profit to holders.
Members acknowledge the risks associated with holding tokens, including market, regulatory, and operational risks.
Tokens are issued as membership interests and are not securities. They do not provide equity or ownership in the Company.
This Agreement may be amended by the Managing Members with a majority vote of token holders on eligible matters.
This Agreement shall be governed by the laws of the State of Maryland.
If any provision of this Agreement is deemed unenforceable, the remainder shall remain in effect.
The undersigned have executed this Operating Agreement as of the date first written above.
Issuer: Equilibrium Token
Managing Members
Signed: D'Launte Wade
Token Holder
Signed: (Use stylus, mouse, or finger to sign below)