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Log into your Apple Developer account (ensure you're using the Account Holder login)
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Locate the banner which reads something along the lines of “The Apple Developer Program License Agreement has updated” and click Review Agreement
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In the pop-out window that appears, review the agreement
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Click I Agree
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Log in to your App Store Connect account
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Click Agreements
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In Agreements, click any required action in the Actions section and follow through with all required steps until the both the Free Apps and Paid Apps agreements and Active
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Log into App Store Connect (using the Account Holder account)
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Click Apps
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Click the app you wish to transfer
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Click App Information
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Scroll to Additional Information and click Transfer App
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A checklist will then appear, ensure all criteria are checked to proceed
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Click Continue
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Input the recipient developer account information
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Click Agree