HomeMy WebLinkAboutCC - Affidavit of Legal Interest Ta b I e of Contents
Signed Affidavit of Legal Interest 2
Operating Agreement Epic Development Victory LLC 3
Shows single member owner as Epic Development Company
Operating Agreement Epic Development Company LLC 10
Shows single member owner as Epic Enterprises, Inc
Articles of Incorporation Epic Enterprises, Inc 17
Shows Truman Mathews as Director
Bylaws Epic Enterprises, Inc 19
Shows Powers of Directors
AFFIDAVIT OF LEGAL INTEREST
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(city) (state)
being first duly sworn upon,oath,depose and say:
I. That I am the record owner of the property described on the attached, and I grant my
permission to:
(name) (address)
to submit the accompanying application(s)pertaining to that property.
2. I agree to indemnify, defend and hold the City of Meridian and its employees harmless from
any claim or liability resulting from any dispute as to the statements contained herein or as
to the ownership of the property which is the subject of the application.
3. 1 hereby grant permission to City of Meridian staff to enter the subject property for the
purpose of site inspections related to processing said application(s).
Dated this(_day of NN uA V/ 20 22
(Signature)
SUBSCRIBED AND SWORN to before me the day and year first above written.
STATE OF %"4 16 ) as)
COUNTY OF All,( )
This record was acknowledged before me on I b�UV s y v Z«i, Zc 2.'2 (date)by
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nature f y Public
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(Rev 06/01/22)
OPERATING AGREEMENT
OF
EPIC DEVELOPMENT VICTORY LLC
An Idaho Single-Member Limited Liability Company
Dated Effective April 28, 2022
OPERATING AGREEMENT
OF
EPIC DEVELOPMENT VICTORY LLC
This Operating Agreement ("Agreement") of Epic Development Victory LLC, an Idaho
limited liability company organized pursuant to the Idaho Uniform Limited Liability Company
Act("Act"), is entered into and shall be effective as of April 28, 2022 by, between and among
the Company and the undersigned executing this Agreement as"Member."
ARTICLE I
DEFINITIONS
1.1 Name. The name of the limited liability company is Epic Development Victory
LLC ("Company").
1.2 Certificate of Organization. The Certificate of Organization for the Company was
filed with the Idaho Secretary of State on April 28, 2022 (as may be amended from time to time,
collectively "Articles").
1.3 Member. "Member" means Epic Development Company LLC, an Idaho limited
liability company, as the initial member of the Company and includes any Person admitted as an
additional member of the Company pursuant to the provisions of this Agreement; provided,
however,the term"Member" shall not include an Assignee.
1.4 Person. "Person" means an individual, a general partnership, a limited
partnership, a domestic or foreign limited liability company, a trust, an estate, an association, a
corporation or any other legal entity.
1.5 Principal Place of Business. The principal place of business shall be 1831 E.
Overland Road, Meridian, Idaho 83642, or such other location or locations as the Member may
establish from time to time.
1.6 Registered Office and Registered Agent. The Company's initial registered office
shall be at 1831 E. Overland Road, Meridian, Idaho 83642, and the name of its initial registered
agent at such address shall be Jarron Langston. The Member may change the registered office
and registered agent from time to time.
1.7 Business Purpose. The Company may engage in any lawful business permitted
by the Act or the laws of the State of Idaho.
1.8 Agreement. The Member executing this Agreement hereby agrees to the terms
and conditions of the Agreement, as it may from time to time be amended according to its terms.
To the extent any provision of the Agreement is prohibited or ineffective under the Act, the
OPERATING AGREEMENT,Page 1
Agreement shall be considered amended to the smallest degree possible in order to make the
Agreement effective under such Act. In the event the Act is subsequently amended or
interpreted in such a way to make any provision of the Agreement that was formerly invalid
valid, such provision shall be considered to be valid from the effective date of such interpretation
or amendment.
ARTICLE 2
MEMBER, CONTRIBUTIONS,AND INTERESTS
2.1 Name and Address. The sole Member of the Company is Epic Development
Company LLC whose address is 1831 E. Overland Road, Meridian, Idaho 83642. The Member
is the sole Member and holds one hundred percent (100%) of the Membership interests.
2.2 Single-Member LLC Status, Disregarded Entity for Tax Purposes. The Company
was formed with the express intent that it be considered a single-member limited liability
company while owned solely by Epic Development Company LLC. As provided in Section 9.4
of the Agreement, the Company shall be considered a disregarded entity for federal tax purposes
so long as there are no additional members. The Company shall not be treated as a corporation
under Internal Revenue Code Section 310.7701-2.
2.3 Limitation of Liability. The Member's liability shall be limited to the maximum
extent permitted by applicable law. The failure of the Company to observe any formalities or
requirements relating to the exercise of its powers or management of its business or affairs shall
not be grounds for imposing personal liability on the Member for liabilities of the Company.
2.4 Other Business of Member. The Member may engage independently or with
others in other business and investment ventures of every nature and description even if it
conflicts with the business of the Company and shall have no obligation to account to the
Company for such business or investments or for business or investment opportunities. Without
limiting the foregoing provisions of this Section 2.3, the Member may collect revenues and pay
expenses on behalf of the Company so long as all such activities performed by the Member on
behalf of the Company are separately accounted for and are attributed to the Company.
2.5 No Additional Contributions. The Member shall not be required to make any
additional capital contributions.
2.6 No Interest on Capital Contributions. No interest shall be paid on capital
contributions.
ARTICLE 3
MANAGEMENT, MEMBERS AND AMENDMENTS
3.1 Management. The Company shall be managed by the Member.
OPERATING AGREEMENT,Page 2
3.2 Member Meetings. Unless and until the Company has more than one (1)
Member, Member meetings shall not be required.
3.3 Amendment. The Member may amend or repeal the provisions of this Agreement
in writing. This Agreement may not be amended or repealed by oral action.
ARTICLE 4
ACCOUNTING AND RECORDS
4.1 Books of Account. The Company's books and records and this Agreement shall
be maintained by the Member. The Member shall keep, or cause to be kept, books and records
of the operation of the Company which are appropriate and adequate for the Company's business
and for the carrying out of this Agreement.
4.2 Fiscal Year. The fiscal year of the Company shall be the calendar year.
ARTICLE 5
PROFITS,LOSSES AND DISTRIBUTIONS
5.1 Profits and Losses. Profits and losses of the Company shall be allocated one
hundred percent (100%) to the Member.
5.2 Distributions. The Company shall make distributions to the Member at such time
and in such amounts as the Member shall determine.
ARTICLE 6
ADDITIONAL MEMBERS
6.1 Admission of New Members. Persons may be admitted as additional members or
as assignees upon the consent of the existing Member; provided, however, a person shall not
become a Member unless and until such person agrees to be bound by this Agreement and to
satisfy any other reasonable requirements of the existing Member. Notwithstanding the
foregoing, in the event of the death of a Member, the Member's estate, by and through the legal
representative of the estate, shall have all of the rights of the Member under the Act and this
Agreement.
6.2 Rights of Unadmitted Assignees. A person who acquires a Membership interest
but who is not admitted as a Member pursuant to Section 6.1 ("Assignee") shall be entitled only
to the economic rights with respect to such transferred Membership interest in accordance with
this Agreement, and shall have no right to vote on any matters as a Member, shall have no right
OPERATING AGREEMENT,Page 3
to any information or accounting of the affairs of the Company, shall not be entitled to inspect
the books or records of the Company, and shall not have any of the rights of a Member under the
Act or this Agreement.
ARTICLE 7
DISSOLUTION
7.1 Events of Dissolution. Except as otherwise provided in this Agreement, the
Company shall dissolve upon the earlier of. (a) the withdrawal or bankruptcy of the Member; or
(b)vote of dissolution by the Member.
7.2 Liquidation Upon Dissolution and Winding Up. Upon the dissolution of the
Company, the affairs of the Company shall be wound up. A full account of the assets and
liabilities of the Company shall be taken. The assets shall be promptly liquidated and the
proceeds applied as follows:
1. First, to the payment and discharge of all of the Company's debts and
liabilities to creditors other than the Member;
2. Second, to the payment and discharge of all of the Company's debts and
liabilities to the Member;
3. The balance, if any,to the Member.
With approval of the Member, the Company may, in the process of winding up, elect to
distribute property in kind.
ARTICLE 8
INDEMNIFICATION
The Company shall indemnify the Member to the fullest extent permissible under
applicable law, against all liability, loss and costs (including, without limitation, attorney fees
through all levels of appeal) incurred or suffered by the Member by reason of or arising from the
fact that such person is or was a Member of the Company, or is or was serving at the request of
the Company as a member, manager, director, officer, partner, trustee, employee, or agent of
another foreign or domestic limited liability company, corporation, partnership, joint venture,
trust, benefit plan, or other enterprise. The Company may, by action of the Member, provide
indemnification to employees and agents of the Company. The indemnification provided in this
section shall not be exclusive of any other rights to which any person may be entitled under any
statute, bylaw, agreement, resolution or contract, or otherwise.
OPERATING AGREEMENT,Page 4
ARTICLE 9
MISCELLANEOUS
9.1 Headings. Headings in this Agreement are for convenience only and shall not
affect its meaning.
9.2 Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of the remaining provisions.
9.3 Third-Party Beneficiaries. The provisions of this Agreement are intended solely
for the benefit of the Member and shall create no rights or obligations enforceable by any third
party, including creditors of the Company, except as otherwise provided by applicable law.
9.4 CompM Not Separate Entity for Tax Purposes. The Member has formed the
limited liability company under the Act and expressly intends to have the limited liability
company disregarded as a separate entity for purposes of federal and state income taxation. To
the extent that such treatment is not obtained due to any provision in this Agreement, this
Agreement shall be retroactively amended to the smallest degree necessary to provide for and
allow such treatment. The Member hereby consents to any and all such amendments.
9.5 Binding Effect. Except as otherwise provided in this Agreement, every covenant,
term, and provision of this Agreement shall be binding upon and inure to the benefit of the
Member and his heirs, legatees, legal representatives, successors,transferees, and assigns.
9.6 Construction. Every covenant, term, and provision of this Agreement shall be
construed simply according to its fair meaning.
9.7 Time. Time is of the essence with respect to this Agreement.
9.8 Governing Law. The laws of the State of Idaho shall govern the validity of this
Agreement, the construction of its terms, and the interpretation of the rights and duties of the
Member.
9.9 Rights and Remedies Cumulative. The rights and remedies provided by this
Agreement are cumulative and the use of any one right or remedy by any party shall not preclude
or waive the right to use any or all other remedies. Said rights and remedies are given in addition
to any other rights the parties may have by law, statute, ordinance or otherwise.
9.10 Waivers. The failure of any party to seek redress for violation of or to insist upon
the strict performance of any covenant or condition of this Agreement shall not prevent a
subsequent act, which would have originally constituted a violation, from having the effect of an
original violation.
OPERATING AGREEMENT,Page 5
9.11 Attorney Fees. In the event any action is instituted to enforce or determine the
parties' rights or duties arising out of the terms of this Agreement, the prevailing party shall
recover reasonable attorney fees and costs incurred through all levels of any such action.
ADOPTED effective as of the date first set forth above, by the undersigned, constituting
the sole Member of the Company.
EPIC DEVELOPMENT COMPANY, LLC, an
Idaho limited liability company
By: Epic Enterprises, Inc., an Idaho
corporation
By:
Its: 0400 I
OPERATING AGREEMENT,Page 6
OPERATING AGREEMENT
OF
EPIC DEVELOPMENT COMPANY LLC
An Idaho Single-Member Limited Liability Company
Dated Effective February 15, 2022
OPERATING AGREEMENT
OF
EPIC DEVELOPMENT COMPANY LLC
This Operating Agreement ("Agreement") of Epic Development Company LLC, an
Idaho limited liability company organized pursuant to the Idaho Uniform Limited Liability
Company Act ("Act"), is entered into and shall be effective as of February 15, 2022 by,between
and among the Company and the undersigned executing this Agreement as "Member."
ARTICLE I
DEFINITIONS
1.1 Name. The name of the limited liability company is Epic Development Company
LLC ("Company").
1.2 Certificate of Organization. The Certificate of Organization for the Company was
filed with the Idaho Secretary of State on February 15, 2022 (as may be amended from time to
time, collectively "Articles").
1.3 Member. "Member" means Epic Enterprises, Inc., an Idaho corporation, as the
initial member of the Company and includes any Person admitted as an additional member of the
Company pursuant to the provisions of this Agreement; provided, however, the term "Member"
shall not include an Assignee.
1.4 Person. "Person" means an individual, a general partnership, a limited
partnership, a domestic or foreign limited liability company, a trust, an estate, an association, a
corporation or any other legal entity.
1.5 Principal Place of Business. The principal place of business shall be 1831 E.
Overland Road, Meridian, Idaho 83642, or such other location or locations as the Member may
establish from time to time.
1.6 Registered Office and Registered Agent. The Company's initial registered office
shall be at 1831 E. Overland Road, Meridian, Idaho 83642, and the name of its initial registered
agent at such address shall be Rich Jarvis. The Member may change the registered office and
registered agent from time to time.
1.7 Business Purpose. The Company may engage in any lawful business permitted
by the Act or the laws of the State of Idaho.
1.8 Agreement. The Member executing this Agreement hereby agrees to the terms
and conditions of the Agreement, as it may from time to time be amended according to its terms.
To the extent any provision of the Agreement is prohibited or ineffective under the Act, the
OPERATING AGREEMENT,Page I
Agreement shall be considered amended to the smallest degree possible in order to make the
Agreement effective under such Act. In the event the Act is subsequently amended or
interpreted in such a way to make any provision of the Agreement that was formerly invalid
valid, such provision shall be considered to be valid from the effective date of such interpretation
or amendment.
ARTICLE 2
MEMBER, CONTRIBUTIONS,AND INTERESTS
2.1 Name and Address. The sole Member of the Company is Epic Enterprises, Inc.
whose address is 1831 E. Overland Road, Meridian, Idaho 83642. The Member is the sole
Member and holds one hundred percent (100%) of the Membership interests.
2.2 Single-Member LLC Status, Disregarded Entity for Tax Purposes. The Company
was formed with the express intent that it be considered a single-member limited liability
company while owned solely by Epic Enterprises, Inc. As provided in Section 9.4 of the
Agreement, the Company shall be considered a disregarded entity for federal tax purposes so
long as there are no additional members. The Company shall not be treated as a corporation
under Internal Revenue Code Section 310.7701-2.
2.3 Limitation of Liability. The Member's liability shall be limited to the maximum
extent permitted by applicable law. The failure of the Company to observe any formalities or
requirements relating to the exercise of its powers or management of its business or affairs shall
not be grounds for imposing personal liability on the Member for liabilities of the Company.
2.4 Other Business of Member. The Member may engage independently or with
others in other business and investment ventures of every nature and description even if it
conflicts with the business of the Company and shall have no obligation to account to the
Company for such business or investments or for business or investment opportunities. Without
limiting the foregoing provisions of this Section 2.3, the Member may collect revenues and pay
expenses on behalf of the Company so long as all such activities performed by the Member on
behalf of the Company are separately accounted for and are attributed to the Company.
2.5 No Additional Contributions. The Member shall not be required to make any
additional capital contributions.
2.6 No Interest on Capital Contributions. No interest shall be paid on capital
contributions.
ARTICLE 3
MANAGEMENT, MEMBERS AND AMENDMENTS
3.1 Management. The Company shall be managed by the Member.
OPERATING AGREEMENT, Page 2
3.2 Member Meetings. Unless and until the Company has more than one (1)
Member, Member meetings shall not be required.
3.3 Amendment. The Member may amend or repeal the provisions of this Agreement
in writing. This Agreement may not be amended or repealed by oral action.
ARTICLE 4
ACCOUNTING AND RECORDS
4.1 Books of Account. The Company's books and records and this Agreement shall
be maintained by the Member. The Member shall keep, or cause to be kept, books and records
of the operation of the Company which are appropriate and adequate for the Company's business
and for the carrying out of this Agreement.
4.2 Fiscal Year. The fiscal year of the Company shall be the calendar year.
ARTICLE 5
PROFITS,LOSSES AND DISTRIBUTIONS
5.1 Profits and Losses. Profits and losses of the Company shall be allocated one
hundred percent(100%)to the Member.
5.2 Distributions. The Company shall make distributions to the Member at such time
and in such amounts as the Member shall determine.
ARTICLE 6
ADDITIONAL MEMBERS
6.1 Admission of New Members. Persons may be admitted as additional members or
as assignees upon the consent of the existing Member; provided, however, a person shall not
become a Member unless and until such person agrees to be bound by this Agreement and to
satisfy any other reasonable requirements of the existing Member. Notwithstanding the
foregoing, in the event of the death of a Member, the Member's estate, by and through the legal
representative of the estate, shall have all of the rights of the Member under the Act and this
Agreement.
6.2 Rights of Unadmitted Assignees. A person who acquires a Membership interest
but who is not admitted as a Member pursuant to Section 6.1 ("Assignee") shall be entitled only
to the economic rights with respect to such transferred Membership interest in accordance with
this Agreement, and shall have no right to vote on any matters as a Member, shall have no right
OPERATING AGREEMENT,Page 3
to any information or accounting of the affairs of the Company, shall not be entitled to inspect
the books or records of the Company, and shall not have any of the rights of a Member under the
Act or this Agreement.
ARTICLE 7
DISSOLUTION
7.1 Events of Dissolution. Except as otherwise provided in this Agreement, the
Company shall dissolve upon the earlier of: (a) the withdrawal or bankruptcy of the Member; or
(b)vote of dissolution by the Member.
7.2 Liquidation Upon Dissolution and Winding Up. Upon the dissolution of the
Company, the affairs of the Company shall be wound up. A full account of the assets and
liabilities of the Company shall be taken. The assets shall be promptly liquidated and the
proceeds applied as follows:
1. First, to the payment and discharge of all of the Company's debts and
liabilities to creditors other than the Member;
2. Second, to the payment and discharge of all of the Company's debts and
liabilities to the Member;
3. The balance, if any, to the Member.
With approval of the Member, the Company may, in the process of winding up, elect to
distribute property in kind.
ARTICLE 8
INDEMNIFICATION
The Company shall indemnify the Member to the fullest extent permissible under
applicable law, against all liability, loss and costs (including, without limitation, attorney fees
through all levels of appeal) incurred or suffered by the Member by reason of or arising from the
fact that such person is or was a Member of the Company, or is or was serving at the request of
the Company as a member, manager, director, officer, partner, trustee, employee, or agent of
another foreign or domestic limited liability company, corporation, partnership, joint venture,
trust, benefit plan, or other enterprise. The Company may, by action of the Member, provide
indemnification to employees and agents of the Company. The indemnification provided in this
section shall not be exclusive of any other rights to which any person may be entitled under any
statute, bylaw, agreement, resolution or contract, or otherwise.
OPERATING AGREEMENT,Page 4
ARTICLE 9
MISCELLANEOUS
9.1 Headings. Headings in this Agreement are for convenience only and shall not
affect its meaning.
9.2 Severability. The invalidity or unenforceability of any provision of this
Agreement shall not affect the validity or enforceability of the remaining provisions.
9.3 Third-Party Beneficiaries. The provisions of this Agreement are intended solely
for the benefit of the Member and shall create no rights or obligations enforceable by any third
party, including creditors of the Company, except as otherwise provided by applicable law.
9.4 Company Not Separate Entity for Tax Purposes. The Member has formed the
limited liability company under the Act and expressly intends to have the limited liability
company disregarded as a separate entity for purposes of federal and state income taxation. To
the extent that such treatment is not obtained due to any provision in this Agreement, this
Agreement shall be retroactively amended to the smallest degree necessary to provide for and
allow such treatment. The Member hereby consents to any and all such amendments.
9.5 BindingEffect.ffect. Except as otherwise provided in this Agreement, every covenant,
term, and provision of this Agreement shall be binding upon and inure to the benefit of the
Member and his heirs, legatees, legal representatives, successors, transferees, and assigns.
9.6 Construction. Every covenant, term, and provision of this Agreement shall be
construed simply according to its fair meaning.
9.7 Time. Time is of the essence with respect to this Agreement.
9.8 Governiniz Law. The laws of the State of Idaho shall govern the validity of this
Agreement, the construction of its terms, and the interpretation of the rights and duties of the
Member.
9.9 Rights and Remedies Cumulative. The rights and remedies provided by this
Agreement are cumulative and the use of any one right or remedy by any party shall not preclude
or waive the right to use any or all other remedies. Said rights and remedies are given in addition
to any other rights the parties may have by law, statute, ordinance or otherwise.
9.10 Waivers. The failure of any party to seek redress for violation of or to insist upon
the strict performance of any covenant or condition of this Agreement shall not prevent a
subsequent act, which would have originally constituted a violation, from having the effect of an
original violation.
OPERATING AGREEMENT,Page 5
9.11 Attorney Fees. In the event any action is instituted to enforce or determine the
parties' rights or duties arising out of the terms of this Agreement, the prevailing party shall
recover reasonable attorney fees and costs incurred through all levels of any such action.
ADOPTED effective as of the date first set forth above, by the undersigned, constituting
the sole Member of the Company.
MEMBER:
Epic Enterprises, Inc., an Idaho corporation
By: /A
Its: 5ecv`�&
OPERATING AGREEMENT,Page 6
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0004611494 W
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Office of the secretary of state, Lawerence Denney For Office Use Only W
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Boise, ID 83720-0080 Date Filed:2/14/2022 4:24:35 PM
(208)334-2301 A
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Articles of Incorporation(General Business Corporation) N
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descriptions below)
Article 1:Corporation Name N
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Type of Corporation General Business Corporation
Entity name Epic Enterprises, Inc.
Business Type:
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Trust,select here: (D
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Article 2:Effective Date N
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The corporation shall be effective when filed with the Secretary of State.
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Article 3:Shares
The number of shares the corporation is authorized to issue: 100
Article 4:The mailing address of the corporation shall be:
Mailing Address: 1831 E OVERLAND RD
MERIDIAN, ID 83642 H
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Article 5:Registered Agent Name and Address
Registered Agent: Registered Agent
Rich Jarvis (D
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Physical Address: 1-i
1831 E.OVERLAND ROAD (p
MERIDIAN, ID 83642 �t
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Article 6:Incorporator Name(s)and Address(es) Un
Name Incorporator Address (
Rich Jarvis 1831 E OVERLAND RD rt
MERIDIAN, ID 83642 (D
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Article 7:Director Names and Addresses
Name Title Director Address (D
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Charles Mathews Director 1831 E OVERLAND RD (D
MERIDIAN, ID 83642
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Truman Mathews Director 1831 E OVERLAND RD (D
MERIDIAN, ID 83642
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William Mathews Director 1831 E OVERLAND RD (D
MERIDIAN, ID 83642
Tyson Barker Director 1831 E OVERLAND RD (D
MERIDIAN, ID 83642 '<
Rich Jarvis Director 1831 E OVERLAND RD
MERIDIAN, ID 83642
Page 1 of 2
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DocuSign Envelope ID:C224E8D9-EB6C-4904-A56F-260292C4C9C1
CORPORATE BYLAWS OF
EPIC ENTERPRISES,INC.
(AN IDAHO CORPORATION)
ARTICLE 1- CORPORATE AUTHORITY
Section 1.1. Incorporation. Epic Enterprises, Inc., (the "Corporation") is a duly
organized corporation authorized to do business in the State of Idaho by the filing of Articles
of Incorporation on February 14, 2022.
Section 1.2. State law. The Corporation is organized under Title 30,Corporations,
of the Idaho State Statutes and except as otherwise provided herein, the Statutes shall apply
to the governance of the Corporation.
ARTICLE 2- OFFICES
Section 2.1. Registered Office and Registered Agent. The registered office of the
Corporation in the State of Idaho shall be 1831 E. Overland Road, Meridian, Idaho 83642.
The registered agent of the Corporation shall be Rich Jarvis.
Section 2.2. Other Offices. The Corporation may also have offices at such other
places, both within and without the State of Idaho, as the Board of Directors may from time
to time determine or the business of the Corporation may require.
ARTICLE 3-MEETINGS OF SHAREHOLDERS
Section 3.1. Place of Meetings. Meetings of shareholders shall be held at the
principal office of the Corporation or at such place as may be determined from time to time
by the Board of Directors of the Corporation.
Section 3.2. Annual Meetings. Each year, the Corporation shall hold an annual
meeting of shareholders on such date and at such time as shall be determined from time to
time by the Board of Directors,at which meeting shareholders shall elect a Board of Directors
and transact any other business as may properly be brought before the meeting.
Section 3.3. Special Meetings. Special meetings of the shareholders, for any
purpose or purposes, may be called at any time by the President of the Corporation, or the
Board of Directors, or shareholders holding at least twenty percent (20%) of the issued and
outstanding voting stock of the Corporation. Business transacted at any special meeting shall
be confined to the purpose or purposes set forth in the notice of the special meeting.
Section 3.4. Notice of Meetings. Whenever shareholders are required or
permitted to take any action at a meeting, a written notice of the meeting shall be provided
to each shareholder of record entitled to a vote or entitled to notice of the meeting, which
shall state the place, date, and hour of the meeting, and, in the case of a special meeting, the
purpose or purposes for which the meeting is called. Unless otherwise provided by law,
written notice of any meeting shall be given not less than ten nor more than sixty days before
the date of the meeting to each shareholder entitled to vote at such meeting.
Section 3.5. Quorum at Meetings. Shareholders may take action on a matter at a
meeting only if a quorum exists with respect to that matter. Except as otherwise provided by
law, a majority of the outstanding shares of the Corporation entitled to vote, represented in
BYLAWS—Epic Enterprises, Inc. - 1
DocuSign Envelope ID:C224E8D9-EB6C-4904-A56F-260292C4C9C1
person or by proxy, shall constitute a quorum at a meeting of shareholders. Once a share is
represented for an purpose at a meeting (other than solely to object to the holding of the
meeting), it is deemed present for quorum purposes for the remainder of the meeting and the
shareholders present at a duly organized meeting may continue to transact business until
adjournment, notwithstanding the withdrawal of sufficient shareholders to leave less than a
quorum. The holders of a majority of the outstanding shares represented at a meeting,
whether or not a quorum is present, may adjourn the meeting from time to time.
Section 3.6. Proxies. Each shareholder entitled to vote at a meeting of
shareholders or to express consent or dissent to corporate action in writing without a meeting
may authorize another person or persons to vote for him or her by proxy, but no such proxy
shall be voted or acted upon after one year from its date, unless the proxy provides for a
longer period. A duly executed proxy shall be irrevocable if it states that it is irrevocable and
if, and only as long as, it is coupled with an interest sufficient in law to support an irrevocable
power. Except as otherwise provided herein or by law, every proxy is revocable at the
pleasure of the shareholder executing it by communicating such revocation, in writing,to the
Secretary of the Corporation.
Section 3.7. Voting at Meetings. If a quorum exists, action on a matter(other than
the election of directors) is approved if the votes cast favoring the action exceed the votes
cast opposing the action. Directors shall be elected by a plurality of the votes cast by the
shares entitled to vote in the election (provided a quorum exists). Unless otherwise provided
by law or in the Corporation's Articles of Incorporation, and subject to other provisions of
these Bylaws, each shareholder shall be entitled to one vote on each matter, in person or by
proxy, for each share of the Corporation's capital stock that has voting power and that is held
by such shareholder. Voting need not be by written ballot.
Section 3.8. List of Shareholders. The officer of the Corporation who has charge
of the stock ledger of the Corporation shall prepare and make, at least ten days before any
meeting of shareholders, a complete list of the shareholders entitled to vote at the meeting,
arranged alphabetically, and showing the address of each shareholder and the number of
shares held by each shareholder. The list shall be open to the examination of any shareholder
for any purpose germane to the meeting, during ordinary business hours, for a period of at
least ten days before the meeting, either at a place in the city where the meeting is to be held,
which place must be specified in the notice of the meeting, or at the place where the meeting
is to be held. The list shall also be produced and kept available at the time and place of the
meeting, for the entire duration of the meeting, and may be inspected by any shareholder
present at the meeting.
Section 3.9. Consent in Lieu of Meetings. Any action required to be taken or
which may be taken at any meeting of shareholders,whether annual or special,may be taken
without a meeting, without prior notice, and without a vote, if a consent in writing, setting
forth the action so taken, shall be signed by the holders of outstanding shares having not less
than the minimum number of votes that would be necessary to take such action at a meeting
at which all shareholders entitled to vote were present and voted. The action must be
evidenced by one or more written consents, describing the action taken, signed and dated by
the shareholders entitled to take action without a meeting, and delivered to the Corporation
at its registered office or to the officer having charge of the Corporation's minute book.
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No consent shall be effective to take the corporate action referred to in the consent unless the
number of consents required to take action are delivered to the Corporation or to the officer
having charge of its minute book within sixty days of the delivery of the earliest-dated
consent.
Prompt notice of the taking of the corporate action without a meeting by less than unanimous
vote shall be given to those shareholders who have not consented in writing.
Section 3.10. Conference Call. One or more shareholders may participate in a
meeting of shareholders by means of conference telephone, videoconferencing, or similar
communications equipment by means of which all persons participating in the meeting can
hear each other. Participation in this manner shall constitute presence in person at such
meeting.
Section 3.11. Annual Statement. The President and the Board of Directors shall
present at each annual meeting a full and complete statement of the business and affairs of
the corporation for the preceding year.
ARTICLE 4 -DIRECTORS
Section 4.1. Powers of Directors. The business and affairs of the Corporation
shall be managed by or under the direction of the Board of Directors, which may exercise all
such powers of the Corporation and do all lawful acts and things, subject to any limitations
set forth in these Bylaws or the Articles of Incorporation for the corporation
Section 4.2. Number, Qualification and Election. The number of directors shall
be set at Six (6). Each director shall be at least 18 years of age. The directors need not be
residents of the state of incorporation. The directors shall be elected by the shareholders at
the annual meeting of shareholders by the vote of shareholders holding of record in the
aggregate at least a plurality of the shares of stock of the Corporation present in person or by
proxy and entitled to vote at the annual meeting of shareholders.Each director shall be elected
for a term of 3 year(s), and until his or her successor shall be elected and shall qualify or until
his or her earlier resignation or removal. The initial directors of the Corporation are as
follows:
Charles Mathews
Truman Mathews
William Mathews
Tyson Barker
Rich Jarvis
Jarron Langston
Section 4.3. Nomination of Directors. The Board of Directors shall nominate
candidates to stand for election as directors; and other candidates may also be nominated by
any shareholder of the Corporation, provided such nomination is submitted in writing to the
Corporation's Secretary no later than 30 days prior to the meeting of shareholders at which
such directors are to be elected, together with the identity of the nominator and the number
of shares of the stock of the Corporation owned by the nominator.
Section 4.4. Vacancies. Except as otherwise provided by law, any vacancy in the
Board of Directors occurring by reason of an increase in the authorized number of directors
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or by reason of the death, withdrawal, removal, disqualification, inability to act, or
resignation of a director shall be filled by the majority of directors then in office. The
successor shall serve the unexpired portion of the term of his or her predecessor.Any director
may resign at any time by giving written notice to the Board or the Secretary.
Section 4.5. Meetings.
(a) Regular Meetings. Regular meetings of the Board of Directors shall
be held at least once per year without notice and at such time and place as determined by the
Board.
(b) Special Meetings. Special meetings of the Board may be called by the
President on two days' notice to each director, either personally or by telephone, express
delivery service, email,or facsimile transmission, and on four days' notice by mail(effective
upon deposit of such notice in the mail). The notice need not specify the purpose of a special
meeting.
Section 4.6. Quorum and Voting at Meetings. A majority of the total number of
authorized directors shall constitute a quorum for transaction of business. The act of a
majority of directors present at any meeting at which a quorum is present shall be the act of
the Board of Directors, except as provided by law, the Articles of Incorporation, or these
Bylaws. Each director present shall have one vote, irrespective of the number of shares of
stock, if any, he or she may hold.
Section 4.7. Committees of Directors. The Board of Directors,by resolution,may
create one or more committees, each consisting of one or more Directors. Each such
committee shall serve at the pleasure of the Board.All provisions under the Statutes and these
Bylaws relating to meetings, action without meetings, notice, and waiver of notice, quorum,
and voting requirements of the Board of Directors shall apply to such committees and their
members.
Section 4.8. Consent in Lieu of Meetings. Any action required or permitted to be
taken at any meeting of the Board of Directors or of any committee thereof, may be taken
without a meeting of all members of the Board or committee, as the case may be, consent
thereto in writing, such writing or writings to be filed with the minutes or proceedings of the
Board or committee.
Section 4.9. Conference Call. One or more directors may participate in meetings
of the Board or a committee of the Board by any communication,including videoconference,
by means of which all participating directors can simultaneously hear each other during the
meeting. Participation in this manner shall constitute presence in person at such meeting.
Section 4.10. Compensation. The Board of Directors shall have the authority to fix
the compensation of Directors. A fixed sum and expenses of attendance may be allowed for
attendance at each regular or special meeting of the Board. No such payment shall preclude
any director from serving the Corporation in any other capacity and receiving compensation
therefor.
Section 4.11. Removal of Directors. Any director or the entire Board of Directors
may be removed, with or without cause, by the holders of a majority of the shares then
entitled to vote at an election of directors.
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ARTICLE 5 - OFFICERS
Section 5.1. Positions. The officers of the Corporation shall be a President/Chief
Executive Officer, Chief Operating Officer, Chief Financial Officer/ Secretary, President of
Development, President of Construction, President of Capital / Treasurer, and such other
officers as the Board may from time to time appoint. Each such officer shall exercise such
powers and perform such duties as shall be set forth herein and such other powers and duties
as may be specified from time to time by the Board of Directors. The officers of the
Corporation shall be elected by the Board of Directors. The President / Chief Executive
Officer may execute bonds, mortgages, and other documents under the seal of the
Corporation, except where required or permitted by law to be otherwise executed and except
where execution thereof shall be expressly delegated by the Board to some other officer or
agent of the Corporation. Pursuant to Idaho Code Section 30-29-840, the same individual
may simultaneously hold more than one office of the Corporation.
Section 5.2. President/Chief Executive Officer. The President/Chief Executive
Officer shall have overall responsibility and authority for management of the Corporation,
shall preside at all meetings of the Board of Directors and shareholders, and shall ensure that
all orders and resolutions of the Board of Directors and shareholders are implemented. Until
removal, resignation or replacement, the initial President/ Chief Executive Officer shall be
Charles Mathews.
Section 5.3. Chief Operating Officer. The Chief Operating Officer shall be the
primary operating officer of the Corporation and shall have full responsibility and authority
for management of the day-to-day operations of the Corporation. Until removal, resignation
or replacement, the initial Chief Operating Officer shall be Truman Mathews.
Section 5.4. Chief Financial Officer / Secretary. The Chief Financial Officer /
Secretary shall serve as the senior executive responsible for managing the financial actions
of the Corporation, including without limitation (and in cooperation with the President of
Capital / Treasurer) tracking cash flow and financial planning as well as analyzing the
company's financial strengths and weaknesses and proposing corrective actions. The Chief
Financial Officer/ Secretary shall attend all meetings of the Board and all meetings of the
shareholders and shall act as clerk thereof and record all the votes of the Corporation and the
minutes of all its transactions in a book to be kept for that purpose, and shall perform like
duties for all committees of the Board of Directors when required. The Chief Financial
Officer/ Secretary shall give, or cause to be given, notice of all meetings of the shareholders
and special meetings of the Board of Directors, and shall perform such other duties as may
be prescribed by the Board of Directors or President / Chief Executive Officer, and under
whose supervision the Secretary / Chief Financial Officer shall be. The Secretary / Chief
Financial Officer shall maintain the records, minutes, and seal of the Corporation and may
attest any instruments signed by any other officer of the Corporation. Until removal,
resignation or replacement, the initial Chief Financial Officer / Secretary shall be William
Mathews.
President of Development. The President of Development shall have responsibility and
authority for management of real estate development activities through managing the day-to-
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day operations of the Corporation's subsidiary, Epic Development LLC. Until removal,
resignation or replacement, the initial President of Development shall be Jarron Langston.
Section 5.5. President of Construction. The President of Construction shall have
responsibility and authority for management of construction activities through managing
the day-to-day operations of the Corporation's subsidiary, Epic Construction LLC. Until
removal, resignation or replacement, the initial President of Construction shall be Tyson
Barker.
Section 5.6. President of Capital/Treasurer. The President of Capital/
Treasurer shall have responsibility and authority for management of securities and
investment activities through managing the day-to-day operations of the Corporation's
subsidiary, Epic Capital LLC. The President of Capital/Treasurer shall have responsibility
for the custody of the corporate funds and securities, shall keep full and accurate records
and accounts of receipts and disbursements in books belonging to the Corporation, and
shall keep the monies of the Corporation in a separate account in the name of the
Corporation. In cooperation with the Chief Financial Officer/ Secretary, the President of
Capital/Treasurer shall provide to the President/Chief Executive Officer and directors, at
the regular meetings of the Board, or whenever requested by the Board, an account of all
financial transactions and of the financial condition of the Corporation. Until removal,
resignation or replacement, the initial President of Capital/Treasurer shall be Rich Jarvis.
Section 5.7. Term of Office. The officers of the Corporation shall hold office until
their successors are chosen and have qualified or until their earlier resignation or removal.
Any officer or agent elected or appointed by the Board may be removed at any time, with or
without cause, by the affirmative vote of a majority of the Board of Directors. Any vacancy
occurring in any office as a result of death,resignation,removal, or otherwise, shall be filled
for the unexpired portion of the term by a majority vote of the Board of Directors.
Section 5.8. Compensation. The compensation of officers of the Corporation shall
be fixed by the Board of Directors.
ARTICLE 6 - CAPITAL STOCK
Section 6.1. Stock Certificates. The shares of the Corporation may be certificated
or uncertificated, as provided under Idaho law, and shall be entered in the books of the
Corporation and recorded as they are issued. Within a reasonable time after the issuance or
transfer of uncertificated stock and upon the request of a stockholder, the Corporation shall
send to the record owner thereof a written notice that shall set forth the name of the
Corporation, that the Corporation is organized under the laws of Idaho, the name of the
stockholder,the number and class(and the designation of the series,if any)of the shares, and
any restrictions on the transfer or registration of such shares of stock imposed by the
Corporation's articles of incorporation, these bylaws, any agreement among stockholders or
any agreement between stockholders and the Corporation. The Corporation may issue the
whole or any part of its shares as partly paid and subject to call for the remainder of the
consideration to be paid therefor.
Section 6.2. Lost Certificates. The Corporation may issue a new certificate of
stock in place of any certificate theretofore issued and alleged to have been lost, stolen, or
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destroyed, and the Corporation may require the owner of the lost, stolen or destroyed
certificate, or his or her legal representative, to make an affidavit of that fact, and the
Corporation may require indemnity against any claim that may be made against the
Corporation on account of the alleged loss, theft, or destruction of any such certificate or the
issuance of such new certificate.
Section 6.3. Transfers. Transfers of shares shall be made on the books of the
Corporation upon surrender and cancellation of the certificates therefore (if any), endorsed
by the person named in the certificate or by his or her legal representative. No transfer shall
be made which is inconsistent with any provision of law,the Articles of Incorporation for the
Corporation, or these Bylaws.
Section 6.4. Record Date. In order that the Corporation may determine the
shareholders entitled to notice of or to vote at any meeting of shareholders, or any
adjournment thereof, or to take action without a meeting, or to receive payment of any
dividend or other distribution, or to exercise any rights in respect of any change, conversion,
or exchange of stock, or for the purpose of any other lawful action, the Board of Directors
may fix a record date,which record date shall not precede the date upon which the resolution
fixing the record date is adopted by the Board of Directors and shall not be less than ten nor
more than fifty days before the meeting or action requiring a determination of shareholders.
If no record date is fixed by the Board of Directors:
(a) for determining shareholders entitled to notice of or to vote at a
meeting, the record date shall be at the close of business on the day next preceding the day
on which notice is given, or, if notice is waived, at the close of business on the day next
preceding the day on which the meeting is held or other action taken;
(b) For determining shareholders entitled to consent to corporate action
without a meeting, the record date shall be the day on which the first written consent is
delivered to the Corporation in accordance with these Bylaws; and
(c) For determining shareholders for any other purpose, the record date
shall be at the close of business on the day on which the Board of Directors adopts the
resolution relating thereto.
ARTICLE 7-DIVIDENDS
Section 7.1. Dividends. The Board of Directors may declare and pay dividends
upon the outstanding shares of the Corporation, from time to time and to such extent as the
Board deems advisable, in the manner and upon the terms and conditions provided by law
and the Articles of Incorporation of the Corporation.
Section 7.2. Reserves. The Board of Directors may set apart, out of the funds of
the Corporation available for dividends, said sum as the directors, from time to time, in their
absolute discretion, think proper as a reserve fund for any proper purpose. The Board of
Directors may abolish any such reserve in the manner it was created.
ARTICLE 8—GENERAL PROVISIONS
Section 8.1. Insurance and Indemnity. The Corporation may purchase and
maintain insurance in a reasonable amount on behalf of any person who is or was a director,
officer, agent, or employee of the Corporation against liability asserted against or incurred
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by such person in such capacity or arising from such person's status as such. Subject to
applicable statute, any person made or threatened to be made a party to any action, suit, or
proceeding, by reason of the fact that he or she, his or her testator or intestate representative,
is or was a director, officer, agent, or employee of the Corporation, shall be indemnified by
the Corporation against the reasonable expenses, including attorney's fees, actually and
necessarily incurred by him or her in connection with such an action, suit, or proceeding.
Notwithstanding the foregoing, no indemnification shall be made by the Corporation of
judgment or other final determination establishes that the potential indemnitee's acts were
committed in bad faith or were the result of active or deliberate fraud or dishonesty or clear
and gross negligence.
Section 8.2. Corporate Records. Any shareholder of record, in person or by
attorney or other agent, shall, upon written demand under oath stating the purpose thereof,
have the right during the usual hours for business to inspect for any proper purpose the
Corporation's stock ledger, a list of its shareholders, and its other books and records, and to
make copies or extracts therefrom.A proper purpose shall mean a purpose reasonably related
to such person's interest as a shareholder. In every instance in which an attorney or other
agent shall be the person seeking the right to inspection, the demand under oath shall be
accompanied by a power of attorney or such other writing authorizing the attorney or other
agent to so act on behalf of the shareholder. The demand under oath shall be directed to the
Corporation at its registered office or its principal place of business.
Section 8.3. Fiscal Year. The fiscal year of the Corporation shall be the calendar
year.
Section 8.4. Seal.The corporate seal shall be in such form as the Board of Directors
shall approve. The seal may be used by causing it or a facsimile thereof to be impressed,
affixed, or otherwise reproduced.
Section 8.5. Execution of Instruments. All contracts, checks, drafts, or demands
for money and notes and other instruments or rights of any nature of the Corporation shall be
signed by such officer or officers as the Board of Directors may from time to time designate.
Section 8.6. Notice. Whenever written notice is required to be given to any person,
it may be given to such person, either personally or by sending a copy thereof through the
United States mail, or by email, or facsimile,charges prepaid,to his or her address appearing
in the books of the Corporation, or supplied by him or her to the Corporation for the purpose
of notice. If the notice is sent by mail it shall be deemed to have been given to the person
entitled thereto when deposited in the United States mail. If the notice is sent by facsimile, it
shall be deemed to have been given at the date and time shown on a written confirmation of
the transmission of such facsimile communication. If such notice is related to a meeting,the
notice shall specify the place, day, and hour of the meeting, and, in the case of a special
meeting of shareholders,the purpose of and general nature of the business to be transacted at
such special meeting.
Section 8.7. Waiver of Notice. Whenever any written notice is required by law, or
by the Articles of Incorporation or by these Bylaws, a waiver thereof in writing, signed by
the person or persons entitled to such notice, whether before or after the time stated therein,
shall be deemed equivalent to the giving of such notice. Except in the case of a special
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meeting of shareholders, neither the business to be conducted at nor the purpose of the
meeting need be specified in the waiver of notice of the meeting. Attendance of a person
either in person or by proxy, at any meeting, shall constitute a waiver of notice of such
meeting, except where a person attends a meeting for the express purpose of objecting to the
transaction of any business because the meeting was not lawfully convened or called.
Section 8.8. Amendments. The Board of Directors shall have the power to make,
adopt, alter, amend, and repeal from time to time the Bylaws of the Corporation except that
the adoption, amendment, or repeal of any Bylaw regulating the election of directors shall be
subject to the vote of shareholders entitled to cast at least a majority of the votes which all
shareholders are entitled to cast at any regular or special meeting of the shareholders, duly
convened after notice to the shareholders of that purpose.
The foregoing Bylaws are hereby adopted by the Board of Directors effective as of
February 14, 2022.
BOARD OF DIRECTORS:
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