Organization and Management
The is a Partnership Agreement for membership to the Economic Blue Print Group also known as (E.B.P. Group), The E.B.P. Group is an investment group, to create investment returns to it�s Partners, Known as (Member or Members).
The Membership shall commence when members contribute funds, and shall continue until the member resign from the group. The majority members can determine your continued membership by a 80% majority vote.
Each member shall make an initial capital contribution of $50.00(Fifty and 0/100ths Dollars ). *Plus fees of $3.00 (Three 0/100) per member. All members shall receive a certificate of membership, stating the dollar amount invested.
Members shall be entitled to make additional capital contributions of no less than $50.00 (Fifty and 0/100ths Dollars ) if a individual member determines they want to contribute additional. Profits and losses shall be allocated to each member in the same proportion of the determined agreed upon contributed and/or return.
*Members contributing $50.00 will receive a return of 30 % (per cent) for every $50.00 they contribute.
*There will be only 400 members per project, unless otherwise stated by the Director. One member can occupy up to 400 membership slots or shares.
*The 400 members shall have 49% voting allotment. 51% shall be allotted to the Director.
Books of accounts shall be created and maintained for transactions of the members. A monthly report shall be presented to members of the results of the operation of the membership. The books shall be open to examination by members at all reasonable times. The Director may determine the need for an accounting firm to perform bookkeeping or other services. It shall not be necessary for the affairs of the membership to be audited; however, upon the vote of the majority of the partners an audit may be commissioned at the members expense
The official depository for funds shall be Paypal. Withdrawals and Transfers shall be made by the signature of (1) partner member. The person shall be the Director.
The members shall hold regular meetings at least weekly online in the E.B.P Group, maintained by Yahoo. The time shall be determined by vote of the majority members. The place for the holding of meetings shall be online in a determined
Posting Group. At the first regular meeting of the members, the members by majority vote shall elect a presiding officer who shall act as the Chairman of meetings. Meetings shall be held following Robert's Rules of Order to the extent that the same are appropriate. Thereafter, each project, a new Chairman shall be
elected, or re-elected.
Members may appoint any other partner member, and only another partner member, to act as their proxy at any meeting which proxy shall be required to be in
writing. No quorum shall be required for regular business; however, the following business shall require a quorum of the members, determined by percentage of capital at the beginning of the meeting:
(a) dissolution or other termination of the partner membership;
(b) changes in the partner membership agreement
All business of the members shall be determined by a simple majority of the members present, except for dissolution or changes in the partner membership agreement which shall require a 2/3 majority.
Upon the vote of a majority of the partner membership, a special meeting may be held upon 10 days prior notice.
The membership interests herein may not be assigned or transferred, unless agreed to by the Director. It must be in writing.
New members may be admitted upon the consent of the Director. The minimum initial capital contribution of a new member shall be $50.00 (Fifty and 0/100ths Dollars ). The amount necessary for such admission shall be changed a fee of $3.00.
A member may withdraw by notice to the Director. Upon withdrawal, a partner shall receive the value of their contributing amount as of the date of their withdrawal within 30 days, not including the fees it shall cost to withdrawal.
(Fees are paid to Paypal for all transactions). The cost to withdrawal is $3.00.
Upon the death, incapacity or legal disability of a member, the same shall be deemed to be a withdrawal, and the disability of any member, the capital account of the partner shall be repaid as is provided above.