HomeMy WebLinkAboutCC - Gratitious Assignment of GP Interest Gratuitous Assignment of General Partnership Interest
Laurie J. Huarte("Assignor"),hereby gratuitously assigns and conveys all of her right,title
and interest in a one and one-half percent(1.5%)General Partnership Interest in Lynx Investments,
LLLP, an Idaho limited liability limited partnership (formerly known as Lynx Investments, L.P.,
a California limited partnership) ("Partnership"), to Joseph D. Huarte, as Investment Trustee of
the LJH GT Trust, created under the LJH GT Trust Agreement dated July 2, 2019 ("Assignee").
This assignment is permitted pursuant to Section 10.01 of the Limited Liability Limited
Partnership Agreement of Lynx Investments, LLLP, with an effective date of July 1, 2018
("Partnership Agreement"), because Assignee is a"Permitted Transferee" as defined in Appendix
A of the Partnership Agreement.
This Gratuitous Assignment of General Partnership Interest shall be binding upon, and
shall inure to the benefit of the heirs, successors, assigns, agents and representatives of Assignor
and Assignee.
This Assignment is made pursuant to that certain Contribution Agreement of even date
herewith.
The foregoing General Partnership Interest is conveyed to Assignee as separate property,
and all income, gains, and appreciation of the General Partnership Interest shall be the separate
property of Assignee and Assignee's beneficiaries, distributees, and assigns.
Pursuant to Section 3.02 of the Partnership Agreement, Assignor admits Assignee as a
General Partner with respect to the General Partnership Interest in the Partnership assigned
hereunder.
DATED to be effective as of the-:�O Tay Qf December, 2019.
Laurie J. Hua
"Assignor"
Gratuitous Assignment of General Partnership Interest,Acceptance and Consent Page 1
Acceptance of Assignment and Consent to Adhere to
Partnership Agreement
The undersigned, Assignee, hereby accepts the foregoing assignment and conveyance of
the foregoing General Partnership Interest of the Partnership,transferred pursuant to the foregoing
Gratuitous Assignment of General Partnership Interest, and pursuant to Section 11.01(d) and
Section 3.02 of the Partnership Agreement does hereby agree to assume all of the obligations and
undertakings of the above-stated Assignor and to be subject to the provisions of the Partnership
Agreement with respect to the partnership interests transferred pursuant to the foregoing
Gratuitous Assignment of General Partnership Interests.
DATED to be effective as of the30 day of December, 2019.
LJH GT Trust, created under the LJH GT Trust
Agreement dated July 2, 2019
By: , -t-
.
Joseph - Hu Le, Investment Trustee
"Assignee"
Gratuitous Assignment of General Partnership Interest, Acceptance and Consent Page 2
Consent and Confirmation as General Partner
The undersigned, as the General Partners of the Partnership, pursuant to Section 3.02 of
the Partnership Agreement, hereby consent to the foregoing Gratuitous Assignment of General
Partnership Interest,and pursuant to Section 3.02(a)of the Partnership Agreement,hereby confirm
Assignor is a General Partner of the Partnership with respect to such General Parntership Interest.
DATED to be effective of as of the JO d y of December, 2019.
Joseph V. Hua
Laurie J. Huarte
"General Partners"
Gratuitous Assignment of General Partnership Interest, Acceptance and Consent Page 3