Fill and Sign the Sale of Llc Interest Agreement Secgov Form

Agreement for Sale of all Rights, Title and Interest in Limited Liability Company with Payment of Cash and Promissory Note and with Life Insurance Policy to Cover Buyer’s Life with Limited Liability Company to be Beneficiary Agreement made on the ___ day of __________, 20___, between __________________________ of ______________________________________________ (street address, city, county, state, zip code), referred to herein as Seller, __________________________ of ____________________________________________________ (street address, city, county, state, zip code), referred to herein as Buyer, 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), herein referred to as Company. Whereas, Seller is the sole member of Company; and Whereas, Buyer desires to buy, and Seller desires to sell, all of Seller’s rights, title and interest in and to Company, including, but not limited to all of Seller’s rights as the sole member of Company pursuant to the Operating Agreement attached hereto as Exhibit A; Now, therefore, for and in consideration of 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: I. Distribution of Property SoldSeller agrees to sell to Buyer and Buyer agrees to purchase from Seller at the price and under the terms and conditions set forth in this Agreement, all of Seller’s rights, title and interest in and to Company, including, but not limited to all of Seller’s rights as the sole member of Company pursuant to the Operating Agreement attached hereto as Exhibit A. Seller warrants that he is the sole member of Company and owns all rights, title and interest in Company as set forth in said Exhibit A. II. Purchase PriceThe purchase price to be paid by Buyer to Seller for said interest in Company as described in Section I shall be $ ___________________. III. Terms of PaymentBuyer shall pay the above-stated purchase price as follows:
i. (1) the purchase price, plus. (2) liabilities of the limited liability company., plus . (3) insurance proceeds of buyer. Iii. Interest payment buyer will pay monthly, quarterly and annually monthly interest on the purchase price at the stated interest rate. Iv. Payment of principal buyer shall pay the loan in full within seven calendar days after receipt of the completed contract in good form. V. Payment of additional purchase price seller shall pay the same money or thing of value upon the sale with respect to property sold plus the amount of interest due thereon, with the principal of the said loan paid by seller to buyer on receipt of such instrument in good form; provided that if buyer and seller, at the sale, agree that all cash and interest on the property sold shall be paid unto buyer, buyer shall be authorized and empowered to pay buyers