Fill and Sign the Percentage Ownership Sample Form

Sale and Assignment of a Percentage Ownership Interest in a Limited Liability Company Agreement made on the _________________________ (date) , between __________________________________ (Name of Seller) of ___________________________ ______________________________________________________________________________ _________________________________________ (street address, city, county, state, zip code) , referred to herein as Assignor , and _________________________________ (Name of Buyer) of ______________________________________________________________________________ ________________________________________ (street address, city, county, state, zip code) , referred to herein as Assignee. Whereas, Assignor is Member in the 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) ________________________________________________________________________ ______________________________________________________________________________ _________________________________________________________________________; and Whereas, the LLC is governed by an Operating Agreement dated ___________________ ____________ (date), a true and correct copy of which is attached hereto as Exhibit A; and Whereas, Assignor desires to sell and assign to Assignee _______ units in the LLC, which will represent a ______% membership interest in the LLC; and Whereas, Assignee desires to purchase said number of units in the LLC; Now, therefore, for and in consideration $__________________, paid by Assignee to Assignor, 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. Assignor, by this instrument, sells and assigns to Assignee _______ units in the LLC, which will represent a _______% membership interest in the LLC. 2. Assignor 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, and said Members have also agreed, pursuant to the terms of the Operating Agreement, that Assignee will become a Member in the LLC upon the execution of this Agreement. 3. Assignor hereby guarantees and warrants 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. 4. Assignor hereby guarantees and warrants that Assignee shall be entitled to participate in the management and control of the business of the LLC, as specified in said Operating Agreement. WITNESS our signatures as of the day and date first above stated. ___________________________________ ____________________________________ ___________________________________ ____________________________________ Name and Signature of Assignor Name and Signature of Assignee Attach Exhibits