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This Assignment of Limited Liability Company Interest ("Assignment") is entered into as of
(date)
between
("Assignor") and
(collectively "Assignee").
THIS ASSIGNMENT is made with reference to the following facts:
A. Assignor is the Member of
B. Assignor desires to assign this entire Ownership Interest in the Company (the "Assigned Interest") to Assignee on the terms and conditions set forth in this Agreement. Such assignment has been approved and documented in accordance with the Company’s operating agreement and applicable state law.
ACCORDINGLY, the parties agree as follows:
1. Assignment. For valuable consideration, receipt of which is hereby acknowledged, Assignor hereby fully and forever assigns, transfers, set overs, and delivers to Assignee the entire Ownership Interest in the Company described herein, effective as of the Effective Date.
2. Representations and Warranties by Assignee. Assignee hereby agrees to become a member of the Company and to abide by all the terms and conditions of the Company’s Operating Agreement.
3. Instruction to Transfer. Assignor hereby instructs and appoints the Company’s custodian of record to transfer Assignor’s Ownership Interest to Assignee on the books of the Company.
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