Asset Purchase Agreement (Sale of Substantially All Assets)Asset Purchase Agreement • July 17th, 2018 • Legion Capital Corp • Investment advice • Florida
THIS ASSET PURCHASE AGREEMENT (“Agreement”) is entered into on the 27th day of April, 2018 (the “Effective Date”), by and among SDC of Florida, LLC, a Florida limited liability company (“Seller”), Legion SDC, LLC, a Florida limited liability company (“Buyer”), and Robert E. Smith and Amy J. Smith (collectively, the “Members”).
PROMISSORY NOTELegion Capital Corp • July 17th, 2018 • Investment advice
FOR VALUED RECEIVED, the undersigned, LEGION ARB LLC, a Florida limited liability company (the “Borrower”), having its office at 301 E. Pine Street, Suite 850, Orlando, Florida 32801, promises to pay to the order of ROBERT E. SMITH AND JOHN T. GARVER, II, as designees for A.R. Bailey Homes, LLC under an associated Asset Purchase Agreement dated June 8, 2018 that provides for possible adjustments to the amounts due under this Promissory Note, (the “Lender”), having their office at 1950 E. Irlo Bronson Highway, Suite 200, Kissimmee, FL 34744, the principal sum of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000) (the “Principal Sum”), together with interest on the principal, in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of payment; said principal and interest to be in the manner following, to wit:
PROMISSORY NOTELegion Capital Corp • July 17th, 2018 • Investment advice
FOR VALUED RECEIVED, the undersigned, LEGION ARB LLC, a Florida limited liability company (the “Borrower”), having its office at 301 E. Pine Street, Suite 850, Orlando, Florida 32801, promises to pay to the order of ROBERT E. SMITH AND JOHN T. GARVER, II, as designees for A.R. Bailey Homes, LLC under an associated Asset Purchase Agreement dated June 8, 2018 that provides for possible adjustments to the amounts due under this Promissory Note, (the “Lender”), having their office at 1950 E. Irlo Bronson Highway, Suite 200, Kissimmee, FL 34744, the principal sum of EIGHT HUNDRED THOUSAND DOLLARS (“$800,000”) (the “Principal Sum”), together with interest on the principal, in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of payment; said principal and interest to be in the manner following, to wit:
Addendum 1 to Asset Purchase AgreementAsset Purchase Agreement • July 17th, 2018 • Legion Capital Corp • Investment advice
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. Bailey 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 Robert E. Smith and John T. Garver, II (collectively, the “Members”).
Addendum 1 to Asset Purchase AgreementAsset Purchase Agreement • July 17th, 2018 • Legion Capital Corp • Investment advice
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 SDC of Florida, LLC, a Florida limited liability company (“Seller”), Legion SDC, LLC, a Florida limited liability company (“Buyer”), and Robert E. Smith and Amy J. Smith (collectively, the “Members”).
