Addendum 1 to Asset Purchase Agreement
Exhibit 6.4
Addendum 1 to Asset Purchase Agreement
THIS ADDENDUM 1 TO ASSET PURCHASE AGREEMENT (“Addendum 1”) is entered into on the 2nd day of July, 2018 (the “Effective Date”), by and among A.R. ▇▇▇▇▇▇ Homes, LLC, a Florida limited liability company (“Seller”), Legion Capital Corp. or its successor, assignee, or nominee, known herein as “Legion ARB, LLC” (“Buyer”), and ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ and ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ (collectively, the “Members”).
WHEREAS, Buyer, Seller, and Members entered into an Asset Purchase Agreement dated June 8, 2018 (“Agreement”), which provides for a First Payment of ONE MILLION DOLLARS ($1,000,000) to Seller in cash or by wire transfer of readily available funds at Closing;
1. | Paragraph 4.B.i. of the Agreement is amended to read as follows: |
i. ONE MILLION DOLLARS ($1,000,000) (the “First Payment”), consisting of a payment of TWO HUNDRED THOUSAND DOLLARS ($200,000) to Seller in cash or by wire transfer of readily available funds at Closing, together with delivery of a promissory note to Seller in the amount of EIGHT HUNDRED THOUSAND DOLLARS ($800,000) at Closing (“First Payment Note”) in substantially the form attached hereto.
2. | Any capitalized term not defined herein shall have the meaning attributed to it in the Agreement. Except as modified hereby, the Agreement shall remain in full force and effect. |
IN WITNESS WHEREOF, the parties have executed this Addendum 1 to Asset Purchase Agreement on the day and year first written above.
SELLER | ||
A.R. ▇▇▇▇▇▇ Homes, LLC, | ||
a Florida limited liability company | ||
By: | /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
Name: | ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | |
Title: | Manager | |
AND | ||
By: | /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ | |
Name: | ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ | |
Title: | Manager | |
MEMBERS | ||
/s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||
▇▇▇▇▇▇ ▇. ▇▇▇▇▇ | ||
AND | ||
/s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ | ||
▇▇▇▇ ▇. ▇▇▇▇▇▇, ▇▇ | ||
▇▇▇ ▇. ▇▇▇▇▇ | ||
/s/ ▇▇▇ ▇. ▇▇▇▇▇ | ||
▇▇▇ ▇. ▇▇▇▇▇ | ||
BUYER | ||
Legion ARB, LLC, | ||
a Florida limited liability company | ||
By: | /s/ ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ | |
Name: | ▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ | |
Title: | Manager |
2 |
Exhibit A
First Payment Note (Form)