PZ - Consent of the Managers - Alturas Capital Partners UNANIMOUS WRITTEN CONSENT OF
THE MANAGERS OF ALTURAS CAPITAL PARTNERS, LLC AND ALTURAS REAL
ESTATE FUND LLC
January 1, 2023
Blake Hansen, being the manager of Alturas Capital Partners, LLC, a Delaware limited liability
company (the "Company"), by this writing hereby consents to the actions and adopts the
resolutions below, effective as of the date first set forth above, in accordance with the Delaware
Uniform Limited Liability Company Act and the Company's Amended and Restated Operating
Agreement dated effective January 1,2017 (the "Operating Agreement"). And, Company,being
the manager of Alturas Real Estate Fund LLC, a Delaware limited liability company ("Alturas
Real Estate Fund, LLC"), by this writing hereby consents to the actions and adopts the
resolutions below, effective as of the date first set forth above, in accordance with the Delaware
Uniform Limited Liability Company Act and Operating Agreement dated January 1, 2018, as
amended. Any capitalized terms used herein and not otherwise defined herein shall have the
meaning given to them in the respective operating agreements, whichever is appropriate.
AUTHORITY OF OFFICERS
WHEREAS,the Operating Agreement provides that the Managers of Company may designate any
or all of Managers' rights or powers to conduct the day-to-day business of the Company to the
Company's Officers. Blake Hansen is the sole manager of the Company.
WHEREAS, the Operating Agreement of Alturas Real Estate Fund, LLC provides that the
managers of Alturas Real Estate Fund, LLC may designate any or all of their rights or powers to
conduct the day-to-day business of the Alturas Real Estate Fund, LLC. The Company is the sole
manager of Alturas Real Estate Fund, LLC.
WHEREAS, the Manager of the Company desires to designate certain officers and employees of
the Company who may sign contracts and agreements on behalf of the Company.
WHEREAS, the Company, as the sole manager of Alturas Real Estate Fund, LLC, desires to
designate certain officers and employees of the Company,who may sign contracts and agreements
on behalf of Alturas Real Estate Fund, LLC.
RESOLVED that Exhibit A lists certain Officers and employees of the Company and their
requisite office.
RESOLVED that the Officers and employees of the Company, as listed on Exhibit A, each acting
alone, are authorized to execute and deliver in the name of and on behalf of the Company and
Alturas Real Estate Fund, LLC such contracts, agreements, notices, consents or other documents
as specifically listed in Exhibit B, as directed by the Manager of the company, or as determined
by the Officers of the company to be reasonable and necessary in the conduct of the ordinary
business of the Company or Alturas Real Estate Fund, LLC (as applicable), with such Officer's
execution and delivery thereof to be conclusive evidence of their authority so to act and of the
Company's or Alturas Real Estate Fund, LLC's (as applicable) approval thereof;
RESOLVED,that all prior lawful acts taken or caused to be taken by or on behalf of the Company
or Alturas Real Estate Fund (as applicable), by its Managers, Officers, agents, or authorized
representatives in connection with resolutions set forth herein, and all other documents and actions
ancillary thereto, be, and the same are, authorized, approved, adopted, ratified, and confirmed as
the valid acts of the Company or Alturas Real Estate Fund.
RESOLVED, that this unanimous written consent shall be filed with the minutes of the Company
and may be executed in any number of counterparts, each of which shall be an original hereof.
[SIGNATURE PAGE FOLLOWS]
MANAGER OF ALTURAS CAPITAL
PARTNERS, LLC:
Blake Hansen
MANAGER OF ALTURAS REAL ESTATE
FUND, LLC:
Alturas Capital Partners, LLC
By:
Blake Hansen
Its: Manager
EXHIBIT A
OFFICERS
Name Office Held
Blake Hansen Chief Investment Officer
Travis Barney Chief Executive Officer
Devin Morris Chief Operating Officer
Bailey Breish Director of Accounting and Fund
Administration
Dean Coombs Director of Asset Management
Rachael Martin Director of Property Management
Daniel Trevino Director of Investor Relations
Joshua Utke Director of Acquisitions
Maritza Huelsman Property Accounting Manager
EXHIBIT B
AUTHORITY
Authority Officers and Employees
Execute lease agreements for properties
owned by Alturas Capital Partners, LLC, Blake Hansen, Travis Barney, and Devin
Alturas Real Estate Fund, LLC, and Morris
subsidiaries.
Blake Hansen, Travis Barney, and Devin
Morris
Execute vendor contracts on behalf of Alturas
Capital Partners, LLC, and Alturas Real Bailey Breish, Rachael Martin, Dean
Estate Fund, LLC, and subsidiaries. Coombs, Daniel Trevino, Joshua Utke, and
Maritza Huelsman (contracts less than
$75,000.00 per annum)
Execute loan agreement and in any way
encumber the assets of Alturas Capital Blake Hansen and Travis Barney
Partners, LLC, and Alturas Real Estate Fund,
LLC, and subsidiaries.
Execute agreements for the purchase or sale
of assets on behalf of Alturas Capital Blake Hansen, Travis Barney, and Devin
Partners, LLC, and Alturas Real Estate Fund, Morris
LLC, and subsidiaries.
Execute operating agreement on behalf of
subsidiaries of Alturas Capital Partners, LLC, Blake Hansen, Travis Barney, and Devin
and Alturas Real Estate Fund, LLC, and Morris
subsidiaries.
Execute construction contracts on behalf of
Alturas Capital Partners, LLC, and Alturas Blake Hansen, Travis Barney, Devin Morris,
and Dean Coombs
Real Estate Fund, LLC, and subsidiaries.
Sign checks on behalf of Alturas Capital Blake Hansen, Travis Barney, and Devin
Partners, LLC, and Alturas Real Estate Fund,
Morris
LLC, and subsidiaries.
Approve wire transfers on behalf of Alturas Blake Hansen, Travis Barney, and Devin
Capital Partners, LLC, and Alturas Real Morris
Estate Fund, LLC, and subsidiaries.
Approve wire transfers on behalf of Alturas
Capital Partners, LLC, and Alturas Real
Estate Fund, LLC, and subsidiaries for the
following:
-invoices approved in the accounting system Bailey Breish and Maritza Huelsman
-recurring loan payments
-recurring contract employee payments
Execute investor subscription documents on Blake Hansen, Travis Barney, Devin Morris
behalf of Alturas Real Estate Fund, LLC. and Daniel Trevino