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Assignment Of Partnership Interest - TemPlateshunter

OF LLC INTEREST (“Assignment”) is made by ______________(“Assignor”) to _______________(“Assignee”) as of the date set forth below. WITNESSETH:
WHEREAS, Assignor is the owner of a _____% Membership Interest in __________, a limited liability company (the “LLC”); WHEREAS, Assignor desires to assign 100% of its Membership Interest in the LLC , or _____%, to Assignee by means of this instrument (the “Assigned Interest”).
NOW THEREFORE, in consideration of _____________Dollars ($_____) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Assignor hereby takes the following actions:
1. ASSIGNMENT OF INTEREST
Assignor hereby irrevocably and unconditionally assigns, transfers and conveys to Assignee all of Assignor’s rights, title and interest in the Assigned Interest in the LLC to Assignee. 2. CONSIDERATION The Assignor assigns, transfers, and conveys the Assigned Interest to Assignee for the sum of $____. 3. REPRESENTATIONS AND WARRANTIES.
Assignor hereby represents and warrants to the Assignee that: (a) the Assigned Interest represents a _____% Interest in the LLC; (b) the Assignor is the lawful owner and has good title to the Assigned Interest, free and clear of any liens, claims, encumbrances, security interest or options.
4. APPROVAL AND RELEASE The LLC hereby approves the transfer of the Membership Interest from Assignor to Assignee. The LLC and Assignor hereby release each other from all claims arising under the LLC.


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5. EFFECTIVE DATE.
The Assignment is effective on ____________________, 2015 .

IN WITNESS WHEREOF, Assignor has executed this Assignment as of the Effective Date.

WITNESS Assignor:
_______________________________ ____________________________________
Assignee: ______________________________ ____________________________________
CONSENT OF GENERAL PARTNER
The undersigned hereby consents to the assignment of the limited membership interest.

WITNESS: _______________LLC
______________________________ By: _____________________________________________ Steven Denholtz, Managing Member
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