15_RIDGEWAY_LLC_Operating_Agreement_Final_Aug_11_2025

OPERATING AGREEMENT of 15 RIDGEWAY LLC 1. Formation This Operating Agreement ("Agreement") is entered into on August 11, 2025, by and between: - Member A - Amoghene Umude, 43 Edgewood Ave, West Orange, NJ 07052 - 60% ownership - Member B - Abhay Kant Jha, 3 Sandalwood Dr, Edison, NJ 08820 - 40% ownership The Members have formed 15 RIDGEWAY LLC ("Company") under the laws of the State of New Jersey for the purpose of acquiring, developing, constructing, and selling the real property located at 15 Ridgeway Avenue, West Orange, NJ 07052 ("Project Property"). 2. Name and Principal Place of Business The name of the Company is 15 RIDGEWAY LLC, and its principal place of business is located at 43 Edgewood Ave, West Orange, NJ 07052, or any other location designated by the Members. 3. Purpose The Company's sole purpose is to: - Acquire the property at 15 Ridgeway Avenue, West Orange, NJ 07052 - Secure necessary permits and approvals - Manage design, construction, and completion of the Project Property - Market and sell completed units or the property as a whole - Distribute profits according to this Agreement 4. Term The Company will continue until the completion and sale of the Project Property and final distribution of proceeds, unless dissolved earlier under this Agreement. 5. Capital Contributions - Amoghene Umude will contribute 50% of the total required capital. - Abhay Kant Jha will contribute 50% of the total required capital. - Additional contributions require written consent of both Members.