Fill and Sign the Llc Transfer Ownership Form

1 INSTRUMENT OF TRANSFER OF LIMITED LIABILITY COMPANY INTEREST TRANSFEROR: ____________________________ TRANSFEREE: ____________________________ THIS TRANSFER is made as of this ____ day of _________, 20___. Unless otherwise defined in this Instrument, all initial capitalized terms appearing in this Assignment have the meanings ascribed to them by the __________________________( AAgreement ), dated ___________ ____, 20___, amended as of ___________ ____, 20___. RECITALS: Transferor presently owns a _____% Percentage Interest in the _______________, a ___________ Limited Liability Company ( ACompany ); ________________, Trustee for the ______________Living Trust owns a ____% Percentage Interest in the Company; The Transferor desires to sell, assign and convey to Transferee, for good and valuable consideration, in hand paid, all of Transferor s Percentage Interest (____%) in the ________________; The Transferor and the undersigned ______________, Trustee for the _____________Living Trust, the sole Members and for purposes of this Transfer only, waive any and all provisions of the Agreement restricting this Transfer and fully approve such Transfer as compliant with the provisions affecting transfers of Interests under the Agreement. The Transferee shall be fully admitted as a Member. Counsel for the Company has (1) approved this Instrument to be necessary and appropriate for the Transfer described herein, (2) determined that the Transfer would not cause the Company to terminate for federal income tax purposes, and (3) determined that the Transfer is exempt from all applicable registration requirements and will not violate any laws regulating the Transfer of securities. NOW, THEREFORE, for _______ DOLLARS ($_____) and other good and valuable consideration, the Transferor hereby transfers, assigns, grants, and quitclaims all of Transferor s right and title to and interest in Company, being a transfer of a ____% Percentage Interest of the Company, to the Transferee. The Transferee hereby accepts the foregoing Transfer and, by signature below, agrees to 2 become a party to the Agreement as a Member and be bound by all provisions thereof.IN WITNESS WHEREOF, Transferor and Transferee have executed this Instrument on the date and year first above written. __________________, Transferee ATTEST: ________________________________ By:______________________________________ _________________, President, Transferor __________________________________ ________________________________ By:__________________________________ ____________________, President MEMBER  S LIMITED WAIVER AND ELECTION TO ADMIT TRANSFEREE The undersigned hereby waive all provisions of the Agreement which would prohibit this Transfer, but only for the limited purpose of this Transfer. The undersigned also elects to admit the Transferee as a Member. This the _____day of __________, 20____. Witnesses: Member: _________________Living Trust, Member ATTEST: ________________________________ By:______________________________________ _______________________, Trustee