Common use of Type of Transfer Clause in Contracts

Type of Transfer. Transferor requests the Board of Directors of Company to approve the following type of Transfer (check one):  A Transfer in which the basis of the Assigned Membership Units in the hands of the Transferee is determined, in whole or in part, by reference to its basis in the hands of the Transferor or is determined under Code Section 732, such as a gift.  A Transfer at death, including transfers from an estate or testamentary trust.  A Transfer between members of a family, with family defined to include brothers and sisters, whether by the whole or half blood, spouse, ancestors (parents and grandparents only), and lineal descendants. Relationship of Transferee to Transferor: _ * Note that uncles, aunts and relatives through marriage are not included in this definition of “family,” and accordingly, a Transfer to joint tenants, where one of the joint tenants is not otherwise so related, does not fit within this type of Transfer. Proposed Private Unit Transfers to joint tenants may only be made to the one spouse having the family relationship to the Transferor provided above.  A Transfer involving distributions from a retirement plan qualified under Code Section 401(a) or an individual retirement account.  One or more Transfers by a Member and any related persons (within the meaning of Code Sections 267(b) or 707(b)(1)) during any 30 calendar day period of Units aggregating more than 2% of the total outstanding Securities.  A Transfer by one or more Members of Units representing in aggregate 50% or more of the total Securities in one transaction or a series of related transactions.  None of the above apply.  Type of Ownership for new owners (Check appropriate box) Individual Partnerships Employee Benefit Plan Other Tax Exempt Entities Joint Tenants Limited Liability Company Individual Retirement Account C – Corporation S – Corporation Tenants in Common Trust ▇▇▇▇▇▇ Plan Other Taxable Entity Individuals, Joint Tenants and Tenants in Common are occasionally referred to collectively as “individual investors.” All Joint Tenants or Tenants in Common must complete and sign separate Investor Suitability Questionnaire and Transfer of Unit agreements. Partnerships, Limited Liability Companies, Corporations, Trusts and Other Taxable Entities are occasionally referred to collectively in these Subscription Documents as "Business Entities." Business Entities may be required to complete and sign a Business Entity Questionnaire. Employee Benefit Plans, Individual Retirement Accounts, ▇▇▇▇▇ Plans and Other Tax Exempt Entities are occasionally referred to collectively in these Subscription Documents as "Tax Exempt Entities."

Type of Transfer. Transferor requests the Board of Directors of Company to approve the following type of Transfer (check one):  A Transfer in which the basis of the Assigned Membership Units in the hands of the Transferee is determined, in whole or in part, by reference to its basis in the hands of the Transferor or is determined under Code Section 732, such as a gift.  A Transfer at death, including transfers Transfers from an estate or testamentary trust.  A Transfer between members of a family, with family defined to include brothers and sisters, whether by the whole or half blood, spouse, ancestors (parents and grandparents only), and lineal descendants. Relationship of Transferee to Transferor: _ * Note that uncles, aunts and relatives through marriage are not included in this definition of “family,” and accordingly, a Transfer to joint tenants, where one of the joint tenants is not otherwise so related, does not fit within this type of Transfer. Proposed Private Unit Transfers to joint tenants may only be made to the one spouse having the family relationship to the Transferor provided above.  A Transfer involving distributions from a retirement plan qualified under Code Section 401(a) or an individual retirement account.  One or more Transfers by a Member and any related persons (within the meaning of Code Sections 267(b) or 707(b)(1)) during any 30 calendar day period of Units aggregating more than 2% of the total outstanding Securities.  A Transfer by one or more Members of Units representing in aggregate 50% or more of the total Securities in one transaction or a series of related transactions.  None of the above apply.  Type of Ownership for new owners (Check appropriate box) Individual Partnerships Employee Benefit Plan Other Tax Exempt Entities Joint Tenants Limited Liability Company Individual Retirement Account C – Corporation S – Corporation Tenants in Common Trust ▇▇▇▇▇▇ Plan Other Taxable Entity Individuals, Joint Tenants and Tenants in Common are occasionally referred to collectively as “individual investors.” All Joint Tenants or Tenants in Common must complete and sign separate Investor Suitability Questionnaire and Transfer of Unit agreements. Partnerships, Limited Liability Companies, Corporations, Trusts and Other Taxable Entities are occasionally referred to collectively in these Subscription Documents as "Business Entities." Business Entities may be required to complete and sign a Business Entity Questionnaire. Employee Benefit Plans, Individual Retirement Accounts, ▇▇▇▇▇ Plans and Other Tax Exempt Entities are occasionally referred to collectively in these Subscription Documents as "Tax Exempt Entities."

Type of Transfer. Transferor requests the Board of Directors of Company to approve the following type of Transfer (check one):  ☐ A Transfer in which the basis of the Assigned Membership Units in the hands of the Transferee is determined, in whole or in part, by reference to its basis in the hands of the Transferor or is determined under Code Section 732, such as a gift.  ☐ A Transfer at death, including transfers Transfers from an estate or testamentary trust.  ☐ A Transfer between members of a family, with family defined to include brothers and sisters, whether by the whole or half blood, spouse, ancestors (parents and grandparents only), and lineal descendants. Relationship of Transferee to Transferor: ______________________________________________________ * Note that uncles, aunts and relatives through marriage are not included in this definition of “family,” and accordingly, a Transfer to joint tenants, where one of the joint tenants is not otherwise so related, does not fit within this type of Transfer. Proposed Private Unit Transfers to joint tenants may only be made to the one spouse having the family relationship to the Transferor provided above.  ☐ A Transfer involving distributions from a retirement plan qualified under Code Section 401(a) or an individual retirement account.  ☐ One or more Transfers by a Member and any related persons (within the meaning of Code Sections 267(b) or 707(b)(1)) during any 30 calendar day period of Units aggregating more than 2% of the total outstanding Securities.  ☐ A Transfer by one or more Members of Units representing in aggregate 50% or more of the total Securities in one transaction or a series of related transactions.  ☐ None of the above apply.  ☐ Type of Ownership for new owners (Check appropriate box) Individual Partnerships Employee Benefit Plan Other Tax Exempt Entities Joint Tenants Limited Liability Company Individual Retirement Account C – Corporation S – Corporation Tenants in Common Trust ▇K▇▇▇▇▇ Plan Other Taxable Entity Individuals, Joint Tenants and Tenants in Common are occasionally referred to collectively as “individual investors.” All Joint Tenants or Tenants in Common must complete and sign separate Investor Suitability Questionnaire and Transfer of Unit agreements. Partnerships, Limited Liability Companies, Corporations, Trusts and Other Taxable Entities are occasionally referred to collectively in these Subscription Documents as "Business Entities." Business Entities may be required to complete and sign a Business Entity Questionnaire. Employee Benefit Plans, Individual Retirement Accounts, ▇K▇▇▇▇ Plans and Other Tax Exempt Entities are occasionally referred to collectively in these Subscription Documents as "Tax Exempt Entities."