Form of Support Agreement
EXHIBIT 10
Form of Support Agreement
1
Exhibit 10
X. X. Xxxxx & Company
For
Xxxxx Direct Mortgage LLC
(“KDM”)
In consideration for 100% of the Membership Interests in Xxxxx Direct Mortgage LLC, X. X. Xxxxx & Company, hereby agrees to provide such moneys and staff support as it determines in its sole discretion necessary and reasonable to organize KDM, and allow KDM to pursue its Purpose as stated in its First Amended Operating Agreement. X X Xxxxx & Company further agrees to seek reimbursement for the support provided only after such time as KDM shall maintain a liquid net worth of $1,000,000 for a period of 90 days.
Signed and Sealed the October 1, 2016
Xxxxx Direct Mortgage LLC
_/s/ Xxxxx W Korth______
Xxxxx X. Xxxxx, Chief Executive Officer
X. X. Xxxxx & Company Limited Partnership
/s/ Xxxxx W Korth_______
Xxxxx X. Xxxxx
Managing Partner
2
