Exhibit (a)(4)
FREEDOM TAX CREDIT PLUS L.P.
TRANSFEROR'S (SELLER'S) APPLICATION FOR TRANSFER
--------------------------------------
To: CHARTERMAC Transaction Ref. Number:
----------
General Partner or Transfer Agent
(See Instruction #1) --------------------------------
(Optional - See Instruction #2)
--------------------------------------
625 Madison Avenue
New York, New York 10022
Attn: Investor Services Department
(212) 317-5700
The transferor hereby makes application to transfer and assign, subject to the
general partner's rights, to the transferee all rights, title and interests in
Freedom Tax Credit Plus L.P., as set forth below, and for the transferee to
succeed to such interest as:
(Check one) (if neither is checked, transferor and transferee will be deemed to
have chosen option A)
A. __X__ a Substitute Limited Partner/Substitute BACsholder, subject to the
conditions set forth on Appendix A to the Transferee's (Buyer's)
Application for Transfer. (Assignment and Substitution) (Full Economic
and Voting Rights)
B. _____ an Assignee and not as a Substitute Limited Partner or Substitute
BACsholder, subject to the conditions set forth on Appendix B to the
Transferee's (Buyer's) Application for Transfer. (Assignment Only)
(Economic Rights Only)
- --------------------------------------------------------------------------------
PARTNERSHIP ID INFORMATION QUANTITY
NAME: FREEDOM TAX CREDIT PLUS L.P.
CUSIP#: 3655P102 Number of BACs Number of BACs
PARTNERSHIP TAX ID #: 13-353398 to be to be held
TAX SHELTER ID #: 90128000180 transferred: after transfer:
------- ---------------
- --------------------------------------------------------------------------------
********************************************************************************
REGISTRATION INFORMATION Indicate exactly as shown on Partnership records. (See
Instruction # 3). Partnership interests are currently registered as follows:
- --------------------------------------------------------------------------------
NAME OF TRANSFEROR(S)
----------------------------------------------
ADDRESS OF RECORD TAX IDENTIFICATION INFORMATION
(as it appears on Transferor(s) investment account)
---------------------------------------------------
- --------------------------
CUSTODIAN/TRUSTEE TAX ID NUMBER
- --------------------------
TELEPHONE NUMBER
---------------------------------------------------
- --------------------------
- --------------------------------------------------------------------------------
CALIFORNIA RESIDENTS: It is unlawful to consummate a sale or transfer of limited
partnership interests or any interest therein, or to receive any consideration
therefore, without the prior written consent of the COMMISSIONER OF CORPORATIONS
of the State of California, except as permitted by the Commissioner's rules.
BROKER/DEALER (Optional)
- -----------------------------
Firm
- ----------------------------- -----------------------------
Representative Name and Number Address
- ----------------------------- -----------------------------
Telephone Address
CERTIFICATION The transferor hereby certifies and represents possession of valid
title and all requisite power to assign such interests and that assignment is in
accordance with applicable laws and regulations and further certifies, under
penalty of law, the following:
REASON FOR TRANSFER (Check one) For certain types of transfer additional
documentation may be required.
_____ Re-registration (Change of name, divorce/separation, individual to
trust, etc.)
__X__ Sale (for consideration)
_____ Death* _____Gift _____other (please specify)________________________
*In cases of death please forward death certificate and letters testamentary (if
applicable).
********************************************************************************
SIGNATURE EXECUTION Must be signed by registered holder(s) exactly as name(s)
appear(s) on the Partnership records and be signature guaranteed. (See
Instruction # 5)
Transferor Signature ________________________ Date ________________________
Co-Transferor's Signature ___________________ Date ________________________
If signature is by trustee(s), executor(s), administrator(s), guardian(s),
agent(s), officer(s) of a corporation or another acting in a fiduciary or
representative capacity, please provide the following information. Only
signature of transferor(s) is/are accepted. Power of Attorney and
Attorney-in-Fact are not accepted.
Name(s) ________________________ Capacity (Full Title) ________________________
________________________________ ______________________________________________
********************************************************************************
SIGNATURE GUARANTEE The signature must be guaranteed by a member of an approved
Signature Guarantee Medallion Program.
---------------------------------------
********************************************************************************
INSTRUCTIONS
1. TRANSFER FORMS. To effect the requested transfer both transferee and
transferor forms must be submitted together with the required fees. If there is
a discrepancy between the transferee and transferor forms with respect to Option
A or B on page 1, transferor and transferee will be deemed to have chosen option
A.
2. TRANSACTION REFERENCE NUMBER. The use of this space is optional. The number
placed in this space shall be internally generated by a broker or agreed upon by
two or more brokers and shall correspond to internal records tracking system(s).
3. REGISTRATION. Indicate the exact name of registrant and include any custodial
information. If a Custodial account, address of record should be that of the
custodian/trustee.
4. TAX INFORMATION. If a Custodial Account, both Custodian/Trustee's and
client's tax numbers should be completed. Social Security Number or Tax
Identification Number is required.
5. SIGNATURE EXECUTION. The signature must correspond with the name of the
registered holder exactly as it appears on the Partnership records. Persons who
sign as a representative or other fiduciary capacity must indicate their
capacity when signing and, unless waived by the Partnership or its agent in its
sole discretion, must present satisfactory evidence of their authority to so
act.
6. DISTRIBUTION ALLOCATION AGREEMENT (attached). (Optional) Complete as
indicated if you wish the Partnership to make special arrangements for the
payment of future distributions.
DISTRIBUTION ALLOCATION AGREEMENT
Notwithstanding anything to the contrary contained in the Partnership Agreement,
transferor and transferee agree and acknowledge as follows with respect to
future distributions from the Partnership:
I. Check A ___X____ or B __________
A. (1) For purposes of distributions by the Partnership of Cash Flow, as
defined in the Partnership Agreement ("Cash Distributions"),
Transferee shall be deemed to the holder of the Units on the first day
of the fiscal quarter in which Transferee and Transferor execute
standard transfer forms, of which this Distribution Allocation
Agreement is a part, and on which consideration passes between the
parties.
(2) As between Transferor and Transferee, all Cash Distributions in
respect of the Units hereafter made by the Partnership shall be made
to the Buyer/Transferee of the Units as of the last day of the fiscal
period for which such distributions are made.
(3) As between Transferor and Transferee, all distributions in respect
of the Units other than Cash Distributions (such as any, Sale or
Refinancing Proceeds, as defined in the Partnership Agreement)
(collectively, "Capital Distributions") made by the Partnership after
the date of execution of the form by both Transferor and Transferee
(without regard to when the underlying capital or liquidating
transaction or event occurred) shall be made to Transferee, except for
the following specified Capital Distributions which shall be made to
Transferor:
----------------------------------------------------------------------
----------------------------------------------------------------------
B. For purposes of distributions by the Partnership of Cash Distributions
and/or Capital Distributions, Transferor and Transferee hereby agree
that the terms of the Partnership Agreement shall govern the time and
manner of such distributions.
II. In the event that, notwithstanding the exercise of it's best efforts to
comply with this Agreement, the Partnership makes a distribution to the
wrong party as between Transferor and Transferee, the party receiving such
distribution will promptly endorse and deliver to the other party the
distribution checks or otherwise pay to the other party the amount of such
distribution, and Transferor and Transferee will hold harmless the
Partnership and it's managers, agents, employees, advisors and other
affiliates, and broker/dealers and their agents or employees, with respect
to the payment of such distributions.
(If this form is not completed and returned along with the transfer documents,
transferor and transferee will be deemed to have chosen option B.)
- ----------------------------------- ---------------
Transferor Signature Date
- ----------------------------------- ---------------
Transferor Signature Date
- ----------------------------------- ---------------
Transferee Signature Date
- ----------------------------------- ---------------
Transferee Signature Date
[GRAPHIC OMITTED]
Charter Mac
Capital Solutions
625 Madison Avenue, New York, NY 10022 212.317.57 00 Fax 212.751.3550
chartermac.com
RE: Freedom Tax Credit Plus L.P.
We have received a request to transfer units from you in the above-referenced
partnership. Before we begin the process of documenting the transfer, we wish to
inform you that when a partner transfers their interests in this Partnership,
there may be recapture based on the amount of passive losses the investor has
used. Therefore, depending on the nature of the transfer and the amount of
passive losses generated and used, you may be subject to substantial tax
consequences.
Accordingly, we urge you to discuss this proposed transfer of units with your
financial and tax advisors.
Very truly yours,
Denise
Bernstein Vice
President
The undersigned has read and understands the foregoing and still wishes to
transfer.
By:_____________________________ By:_________________________________
Date:___________________________ Date:_______________________________