Fill and Sign the Agreement to Redeem Interest of a Single Member in an Llc Form

Agreement to Redeem Interest of a Single Member in an LLC Agreement made on the ___ day of __________, 20___, between ______________________ of ____________________________________________ (street address, city, county, state, zip code), referred to herein as Doe, ______________________, of ____________________________________________ (street address, city, county, state, zip code), referred to herein as Roe, and ______________________, LLC., a limited liability company organized and existing under the laws of the state of ______________, with its principal office located at ____________________________________________ (street address, city, county, state, zip code), referred to herein as (the Company). WHEREAS, Doe and Roe are members in the Company; and WHEREAS, the parties wish to establish the terms and conditions upon which Roe's interest in the Company is to be redeemed, and she shall cease to be a member of the Company. NOW THEREFORE, for valuable consideration, the receipt and sufficiency of which are acknowledged, the parties agree as follows: 1. Payments to be Made to Roe in Redemption of Interest. In complete redemption of her interest, the Company shall (i) make a cash payment to Roe of $_____________, and (ii) shall convey to Roe, free and clear of all claims and encumbrances, the personal property described on Exhibit A hereto. The conveyance described in the foregoing clause (ii) shall be made by a bill of sale in the form attached hereto as Exhibit B. 2. Amendment to Operating Agreement. Contemporaneously with the payment and conveyance contemplated by Section 1 hereof, the Operating Agreement of the Company dated (date ) shall be deemed amended and restated as follows: (i) all references therein to Roe as a member shall be deemed deleted; (ii) for purposes of allocations of income, loss, gain and credit, Roe's capital account and current capital contribution shall be deemed to be zero. 3. Covenants of Roe. Roe agrees that from the date of this Agreement forward she will make no representation or statement to any third party to the effect that she continues to be a member of the Company, nor will she take any action which purports to bind the Company. In addition, as reasonably requested by the Company from time to time, Roe will
(a) sign and return (b) certifiably complete an acknowledgment of membership and attest that she has read and understands the terms and conditions thereof before (1) roe or (2) an authorized officer(s) of the company, and, if necessary, (c) sign and return (d) certify- cate that she has authorized such agent (or agents) and their duties, and, if necessary, (e) execute an acknowledgment of authority, and (f) return (g) any necessary documents, such as, a corporate seal and a copy of the operating agreement or such other documents and other evidence of authorization as may be necessary, to roe. 4. Transfer of personal assets. Upon consummation of the above-mentioned transactions, roe shall transfer to the company any assets held by her that may reasonably be expected to be valuable, except any rights and interests in the stock held by the company and its affiliates. 5. Waiver. Neither roe nor roe's co-signers herein consent to all the above mentioned terms and conditions, and are hereby bound by them. 6. Consent of co-leaders' interests in the company. Consent, heretofore not given, of doe and roe's co-leaders in the company is hereby given to all the above mentioned terms, conditions and covenants. S ix table of contents terms and conditions for chanson stolta's corporate limited liability company. 1. Introduction. Chandray stolta, the ceo and director of chan­roystolena inc. ("chan­roy stolta") hereby acknowledges thatChandraoy stolta is a corporation organized under the laws of the state of, with its principal office located at 1119 st. Marks place, Brooklyn, new york 11201, in the state of New York, and is engaged as a corporation to provide an investment and real estate advisory service and consulting services. Chandray stolta is the sole owner and manager of Chandray stolta, with no stockholders. Chan­roystolena has provided this investor relations guide (“irg") as a convenient reference source for information about the company and its management for the past nine years, but may make changes to, or add thereto, any portion of the IRG by posting the changes on this web site, or by printing and posting such revised version of the IRG at