STOCK PLEDGE AGREEMENT (100% interest in _______________)Stock Pledge Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • North Dakota
THIS STOCK PLEDGE AGREEMENT, effective as of October 1, 2008, is executed by HEARTLAND, INC., a Maryland corporation (“Borrower”), in favor of CHOICE FINANCIAL GROUP, a North Dakota state bank (“Lender”).
THIRD PARTY ASSIGNMENT OF LEASES, RENTS AND PURCHASE AGREEMENTSHeartland, Inc. • October 3rd, 2008 • General bldg contractors - residential bldgs
THIS THIRD PARTY ASSIGNMENT OF LEASES, RENTS AND PURCHASE AGREEMENTS is made this _____ day of , 2008 by LEE OIL COMPANY, INC., a Virginia corporation (“Assignor”) whose address is P.O. Box 487, U.S. Highway Old 58, Ewing, Virginia 24248 in favor of CHOICE FINANCIAL GROUP, a North Dakota state bank (“Lender”), whose address is 1697 South 42nd Street, Grand Forks, North Dakota 58201.
GUARANTYGuaranty • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • North Dakota
THIS GUARANTY is made this 1st day of October, 2008, by LEE OIL COMPANY, INC., a Virginia corporation, LEE’S FOOD MART’S, LLC, a Tennessee limited liability company, and MOUND TECHNOLOGIES, INC., a Nevada corporation (collectively “Guarantors”), in favor of CHOICE FINANCIAL GROUP, a North Dakota state bank (“Lender”).
SECURITIES PURCHASE AGREEMENT AMONG HEARTLAND, INC., LEE OIL COMPANY, INC., LEE’S FOOD MARTS, LLC, LEE ENTERPRISES, INC. LEE HOLDING COMPANY, LP AND AND GARY LEE Dated as of October __, 2008Securities Purchase Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • Kentucky
SECURITIES PURCHASE AGREEMENT, dated as of October __, 2008 (the “Agreement”), among Heartland, Inc., a corporation organized under the laws of Maryland (the “Purchaser”), LEE HOLDING COMPANY, LP, and Gary Lee (the “Sellers”), Lee Oil Company, Inc., a corporation organized under the laws of Virginia (“Lee Oil”), Lee’s Food Mart, LLC, a limited liability company organized under the laws of Tennessee (“Lee Food”), and Lee Enterprises, Inc., a corporation organized under the laws of Kentucky (“Lee,” and together with Lee Oil and Lee Food, the “Companies”).
THIRD PARTY DEED OF TRUST, ASSIGNMENT AND SECURITY AGREEMENTAssignment and Security Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • Virginia
THIS THIRD PARTY DEED OF TRUST, ASSIGNMENT AND SECURITY AGREEMENT (“Deed of Trust”), dated as of , 2008, among LEE OIL COMPANY, INC., a Virginia corporation (“Grantor”), (“Trustee”), and CHOICE FINANCIAL GROUP, a North Dakota state bank (“Beneficiary”), recites and provides:
THIRD PARTY OPEN-END MORTGAGE, SECURITY AGREEMENT AND ASSIGNMENT OF RENTS, PROFITS, INCOME AND LEASES IN THE MAXIMUM AMOUNT OFMortgage, Security Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs
WHEREAS, the undersigned LEE’S FOOD MART’S, LLC, a Tennessee limited liability company (“Mortgagor”) is the fee owner of the real property described on Exhibit A attached hereto and incorporated herein by reference;
LOAN AGREEMENTLoan Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • North Dakota
THIS AGREEMENT is entered into as of the 1st day of October, 2008, by and between HEARTLAND, INC., a Maryland corporation (“Borrower”) and CHOICE FINANCIAL GROUP, a North Dakota state bank (“Lender”).
EMPLOYMENT, NONCOMPETITION, AND NONDISCLOSURE AGREEMENT, and Nondisclosure Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • Kentucky
THIS EMPLOYMENT, NONCOMPETITION, AND NONDISCLOSURE AGREEMENT (this “Agreement”) is made as of ______ ___, 2008 (the “Effective Date”), by and between TERRY LEE (“Employee”), and HEARTLAND, INC., a Maryland corporation (the “Company”). Capitalized terms used but not defined herein shall have the meanings set forth in the Loan Agreement (as defined below).
THIRD PARTY SECURITY AGREEMENTThird Party Security Agreement • October 3rd, 2008 • Heartland, Inc. • General bldg contractors - residential bldgs • North Dakota
This Agreement is made this 1st day of October, 2008, by and between _________________, a ____________ corporation (“Debtor”) whose business address is ___________________________ and CHOICE FINANCIAL GROUP, a North Dakota state bank (“Secured Party”) whose address is 1697 South 42nd Street, Grand Forks, North Dakota 58201.
