GROUNDFLOOR REAL ESTATE 1, LLC INVESTOR AGREEMENT Effective: ______________, 2023Investor Agreement • May 26th, 2023 • Groundfloor Real Estate 1, LLC • Real estate
The following terms constitute a binding agreement (this “Agreement”) between you and GROUNDFLOOR REAL ESTATE 1, LLC (the “Company,” “we,” or “us”). This Agreement, including the Terms and Conditions of Investment attached as Appendix A (the “Terms and Conditions”), each as amended from time to time, will govern all of your purchases of any and all limited recourse obligations (“LROs”) from the Company.
FORM OF LOAN AGREEMENTLoan Agreement • May 26th, 2023 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
THIS LOAN AGREEMENT (“Loan Agreement”) is entered into as of the ____ day of _______________, 20__ by and between [NAME OF BORROWER], a [INSERT STATE OF ORGANIZATION/RESIDENCY AND TYPE OF ENTITY/NATURAL PERSON] (“Borrower”), having the address set forth on the signature page hereof, and __________________, a Georgia __________ (“Lender”),1 having the address set forth on the signature page hereof. Borrower and Lender are sometimes referred to herein individually as a “party” and collectively as the “parties.”
FORM OF LRO AGREEMENTLimited Recourse Obligation Agreement • May 26th, 2023 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
FOR PURPOSES OF SECTIONS 1272, 1273 AND 1275 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, THIS LIMITED RECOURSE OBLIGATION IS BEING ISSUED WITH ORIGINAL ISSUE DISCOUNT BECAUSE PAYMENTS ON THE SECURITY ARE DEPENDENT ON PAYMENTS ON THE CORRESPONDING LOAN BY THE DEVELOPER OF THE CORRESPONDING PROJECT. THE ISSUE PRICE OF THIS LIMITED RECOURSE OBLIGATION IS THE STATED PRINCIPAL AMOUNT, AND THE ISSUE DATE IS THE ORIGINAL ISSUE DATE, EACH AS IDENTIFIED BELOW. UPON REQUEST, THE COMPANY WILL PROMPTLY MAKE AVAILABLE TO THE HOLDER THE AMOUNT OF OID AND YIELD TO MATURITY OF THIS LIMITED RECOURSE OBLIGATION. A HOLDER SHOULD CONTACT GROUNDFLOOR LENDER SUPPORT AT (404) 850-9223 OR support@groundfloor.com.
PROMISSORY NOTEPromissory Note • May 26th, 2023 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
FOR VALUE RECEIVED, _________________, a ___________________ (“Borrower”), promises to pay to the order of ____________________ a Georgia ____________,11 or to the order of any subsequent holder of this Promissory Note (“Lender”), at Lender’s offices located at _____________________ (or at such other place as Lender may designate in writing from time to time), the principal sum of ________________________________ and no/100 Dollars ($_____________) (the “Loan”), payable in lawful money of the United States, together with interest thereon from the date hereof as hereinafter provided, or so much as is advanced pursuant to the Loan Agreement between Lender and Borrower dated ___________ ___, 20__ (as amended from time the time, the “Loan Agreement”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the Loan Agreement.
OPERATING AGREEMENT OF GROUNDFLOOR REAL ESTATE 1, LLC (A Georgia Limited Liability Company) DATED: December 16, 2016Operating Agreement • January 25th, 2017 • Groundfloor Real Estate 1, LLC • Georgia
This OPERATING AGREEMENT of GROUNDFLOOR REAL ESTATE 1, LLC (the “Company”), a limited liability company organized pursuant to the Georgia Limited Liability Company Act (the “Act”), is executed effective as of the date set forth on the cover page of this Agreement. GROUNDFLOOR FINANCE INC., a Georgia corporation (“Groundfloor Parent”), is the sole member of the Company. Solely for federal and state tax purposes and pursuant to Treasury Regulations Section 301.7701-3, Groundfloor Parent and the Company intend for the Company to be disregarded as an entity that is separate from Groundfloor Parent. For all other purposes (including, without limitation, limited liability protection for Groundfloor Parent from Company liabilities), however, Groundfloor Parent and the Company intend for the Company to be respected as a legal entity that is separate and apart from Groundfloor Parent.
EXECUTIVE EMPLOYMENT AGREEMENTExecutive Employment Agreement • May 26th, 2023 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
This Executive Employment Agreement ("Agreement") is made and entered into this 19th day of November, 2014, by and between Groundfloor Finance Inc., a Georgia corporation (the "Company"), and Nikhil Bhargava ("Executive"). The Company and the Executive are hereinafter collectively referred to as the "Parties".
