Fill and Sign the Operating Agreement Examples Traderstatuscom Form

Assignment of Ownership Interest in Limited Liability Company By Four Members to One Member Agreement made on the ___________________ (date), between __________________ _____________________ (Names of Sellers) of ____________________________________ ____________________________________________________________________________ ____________________________________________________________________________ (street address, city, county, state, and zip code of each) , referred to herein as Assignors, and __________________________ (Name of Assignee) of ___________________________ _____________________________________ (street address, city, county, state, zip code), referred to herein as Assignee. Whereas, Assignors are Members in the Oregon limited liability company known as ____________________________________________ (Name of Limited Liability Company), hereinafter called the LLC , which was established for the purpose of (briefly describe purpose of LLC) _____________________________________________________________________ ________________________________________________________________________; andWhereas, the LLC is governed by an Operating Agreement dated __________________ (date), a true and correct copy of which is attached hereto as Exhibit A; andWhereas, Assignors desires to sell and assign to Assignee all of their membership units in the LLC, which will represent a 40% membership interest in the LLC; andWhereas, Assignee desires to purchase said number of units in the LLC which will result in Assignee owning all membership units in the LLC;Now, therefore, for and in consideration $__________________, paid by Assignee to Assignors, the mutual covenants contained in this Agreement, and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows: 1. Assignors, by this instrument, do hereby sell and assign to Assignee ______ units in the LLC, which will represent a 40% membership interest in the LLC. 2. Assignors hereby guarantees and warrants that this sale and assignment has been duly authorized by the Members of the LLC, pursuant to the terms of the Operating Agreement. 3. Assignors hereby further guarantee and warrant that attached hereto as Exhibit B is a true and correct copy of the resolution of the Members of the LLC authorizing this sale and assignment, pursuant to the terms of the Operating Agreement, and granting Assignee a membership interest in the LLC of _____ units which represents a _____% membership interest in the LLC. WITNESS our signatures as of the day and date first above stated. _____________________________ _____________________________Name and Signature of Assignor Name and Signature of Assignee __________________________________________________________Name and Signature of Assignor Name and Signature of Assignor_____________________________Name and Signature of Assignor