Form of Support AgreementSupport Agreement • August 11th, 2017 • Korth Direct Mortgage LLC • Mortgage bankers & loan correspondents
Contract Type FiledAugust 11th, 2017 Company IndustryIn consideration for 100% of the Membership Interests in Korth Direct Mortgage LLC, J. W. Korth & 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. J W Korth & 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.
Form of Support AgreementSupport Agreement • January 27th, 2017 • Korth Direct Mortgage LLC
Contract Type FiledJanuary 27th, 2017 CompanyIn consideration for 100% of the Membership Interests in Korth Direct Mortgage LLC, J. W. Korth & 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. J W Korth & 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.