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EXHIBIT B <br />IRREVOCABLE ASSIGNMENT IN BLANK <br />FOR VALUE RECEIVED, the undersigned hereby sells, assigns and transfers to The <br />Housing and Redevelopment Authority in and for the City of Ramsey, Minnesota the following <br />membership units of F&C Ramsey Apartments, LLC, an Indiana limited liability company: <br />No. of Membership units Certificate No. <br />and irrevocably appoints The Housing and Redevelopment Authority in and for the City of <br />Ramsey, Minnesota its agent and attorney-in-fact to transfer all or any part of such membership <br />units and to take all necessary and appropriate action to effect any such transfer. The agent and <br />attorney-in-fact may substitute and appoint one or more persons to act for him. The <br />effectiveness of a transfer pursuant to this assignment shall be subject to any and all transfer <br />restrictions referenced on the face of the certificates evidencing such interest or in the articles of <br />organization or limited liability company of the subject company, to the extent they may from <br />time to time exist. <br />[ ], a <br />[ <br />1 [insert name of Pledgor] <br />By: <br />Name: <br />Title: <br />C-2-1 <br />2695614v16 <br />