SETTLEMENT AGREEMENTSettlement Agreement • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores • Missouri
This SETTLEMENT AGREEMENT (this “Agreement”) is made and entered into as of June 2, 2020, by and among 1847 GOEDEKER HOLDCO INC., a Delaware corporation (“Holdco”), 1847 GOEDEKER INC., a Delaware corporation (“1847 Sub”), GOEDEKER TELEVISION CO., INC., a Missouri corporation (“GTC”), STEVE GOEDEKER, an individual (“Steve”) and MIKE GOEDEKER, an individual (“Mike”). Holdco, 1847 Sub, GTC, Steve and Mike are sometimes referred to herein as, collectively, the “Parties” and, each, a “Party.”
ContractPromissory Note • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores • Missouri
THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND MAY NOT BE OFFERED FOR SALE, SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR APPLICABLE STATE SECURITIES LAWS, OR AN OPINION OF COUNSEL, IN A FORM REASONABLY ACCEPTABLE TO THE COMPANY, THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR APPLICABLE STATE SECURITIES LAWS OR UNLESS SOLD PURSUANT TO RULE 144 UNDER SAID ACT.
SECURITY AGREEMENTSecurity Agreement • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores • Missouri
THIS SECURITY AGREEMENT (this “Agreement”), dated as of June 2, 2020, shall become automatically effective upon the Closing of the IPO (as defined below) and is made and entered into by 1847 GOEDEKER INC., a Delaware corporation (the “Debtor”), in favor of STEVE GOEDEKER, in his capacity as the representative of the Sellers (together with any permitted successors and/or assigns, the “Secured Party”).
SECURED CONVERTIBLE PROMISSORY NOTESecured Convertible Promissory Note • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores • New York
This first amendment to the Secured Convertible Promissory Note, dated May 11, 2020 (the “Amendment”), is entered into by 1847 Holdings LLC, a Delaware limited liability company (“EFSH”), 1847 GOEDEKER HOLDCO INC., a Delaware corporation and majority- owned subsidiary of EFSH (“Holdco”), and 1847 GOEDEKER INC. a Delaware corporation and wholly-owned subsidiary of Holdco (“GI” and with EFSH and Holdco, collectively hereinafter called “Borrower”) and Leonite Capital, LLC, a Delaware limited liability company (“Holder”).
Goedeker’s Trusted since 1951 13850 Manchester Rd. | Ballwin, MO 63011Loan and Security Agreement • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores
Re: Loan and Security Agreement, dated April 5, 2019 (the “Loan Agreement”), among 1847 Goedeker Inc. (the “Company”), as borrower, 1847 Goedeker Holdco Inc. and Small Business Community Capital II, L.P. (the “Lender”).
WHIRLPOOL CORPORATION MAJOR APPLIANCES RETAIL DEALER SALES AGREEMENTRetail Dealer Sales Agreement • June 4th, 2020 • 1847 Goedeker Inc. • Retail-home furniture, furnishings & equipment stores • Michigan
