SECOND AMENDED AND RESTATED OPERATING AGREEMENT of Korth Direct Mortgage LLCOperating Agreement • August 11th, 2017 • Korth Direct Mortgage LLC • Mortgage bankers & loan correspondents • Florida
This Second Amended and Restated Operating Agreement (the "Agreement") made and entered into the 2nd day of September, 2016 (the "Execution Date"), is hereby amended this 21st day of June 2017.
Form of Support AgreementSupport Agreement • August 11th, 2017 • Korth Direct Mortgage LLC • Mortgage bankers & loan correspondents
In 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.
