Joint Venture LLC Operating Agreement
Category: Joint Venture, LLC, Operating Agreement
MINE RESISTANT AMBUSH PROTECTED VEHICLE PROGRAM —
FORCE DYNAMICS LLC OPERATING AGREEMENT
This Agreement is entered into and is effective as of the last date of the signatures below, between General Dynamics Land Systems Inc. (“GDLS”), and Force Protection, Inc. (jointly and severally with its wholly owned subsidiary Force Protection Industries, Inc. hereinafter “FPI”).
The purpose of this Agreement is to confirm and set forth the terms and conditions under which GDLS and FPI will work together to win and execute a contract for the anticipated United States Government Mine Resistant Ambush Protected Vehicle Program, including any Foreign Military Sales (“FMS”) and direct international sales that may result therefrom. To accomplish this purpose, the Members shall, coincident with the execution of this Agreement, enter into the other documents referred to in this Agreement, and otherwise furnish this joint venture assistance and enhance its opportunity for future success, all as provided for in this Agreement.
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