Membership Interest Purchase Agreement - June 21, 2019

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This is a Membership Purchase Agreement for the purchase of a member's ownership interest in a California LLC

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MEMBERSHIP INTEREST PURCHASE AGREEMENT

dated as of June __, 2019

by and among

MARA DIXON

(“Seller”)

and

THIS IS MAJOR, LLC

(“Purchaser” )

MEMBERSHIP INTEREST PURCHASE AGREEMENT

THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of this ___ day of ___ 2019 by and among MARA DIXON , (“Seller”), THIS IS MAJOR, LLC, Company. (“Purchaser”).

RECITALS

A. Seller in the owns 10 % of the issued and outstanding membership interests in the Company; and

B. Purchaser desires to acquire all of Seller’s membership interest (“Membership Interest”) in the Company (This Is Major, LLC) pursuant to the terms and conditions set forth herein.

PURCHASE OF THE MEMBERSHIP INTERESTS

2.2.1 The purchase price to be paid by Purchaser to Seller for the Membership Interests (the “Purchase Price”) shall be $3,000.00 in certified funds payable to the order of  MARA DIXON upon execution of this Agreement.

REPRESENTATIONS AND WARRANTIES

3.1.1 Representations and Warranties of the Company and the Seller. Except as set forth in this Agreement, the Seller jointly and severally represent and warrant to the Purchaser that::

3.1.2 Power and Authority. Seller has all requisite power and authority, to execute, deliver, and perform its obligations under this Agreement and the Documents and to consummate all transactions contemplated hereby.

3.1.3 Validity of Agreement. This Agreement has been duly and validly authorized, executed, and delivered by the Company and the Seller and constitutes a valid and legally binding agreement of the Company and the Seller.

3.1.4 Tax Consequences. The Sellers understand, acknowledge and agree that the consideration received by them in the Purchase shall be subject to taxation by federal and state taxing authorities. The Sellers have, at their sole expense and to the extent they deemed necessary or appropriate, consulted with own tax advisors to determine the tax consequences associated with the Purchase.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the date first set forth above.

 

“SELLER”

 

MARA DIXON

 

SIGNATURE:

DATE:

 
     
 

“PURCHASER”

 

THIS IS MAJOR, LLC

 
 
   
     


LLC MEMBERSHIP INTEREST PURCHASE AGREEMENT

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