KORTH DIRECT MORTGAGE, LLC MORTGAGE SECURED NOTES TRUST INDENTURE AND SECURITY AGREEMENT DATED AS OF [ , 2017] DELAWARE TRUST COMPANY AS TRUSTEETrust Indenture and Security Agreement • October 10th, 2017 • Korth Direct Mortgage LLC • Real estate • New York
INDENTURE dated as of [ ], 2017, by and between Korth Direct Mortgage LLC, a Florida Limited Liability Company (“Company”), and Delaware Trust Company, a state chartered trust company incorporated and existing under the laws of the Delaware, as trustee (“Trustee”).
SECOND AMENDED AND RESTATED OPERATING AGREEMENT of Korth Direct Mortgage LLCOperating Agreement • October 10th, 2017 • Korth Direct Mortgage LLC • Real estate • 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.
KORTH DIRECT MORTGAGE LLC UNDERWRITING AGREEMENT FOR MULTIPLE SERIES OF MORTGAGE SECURED NOTES EACH SERIES TO BE ISSUED UNDER SEPARATE REGISTRATION STATEMENTSUnderwriting Agreement • October 10th, 2017 • Korth Direct Mortgage LLC • Real estate • Florida
The undersigned, Korth Direct Mortgage LLC, Florida Limited Liability Corporation (the "Company"), hereby engages J. W. Korth & Company. (the "Placement Agent"), as the sole and exclusive selling agent of the Company in connection with the proposed offering of its Mortgage Secured Notes (the “Notes”) to the public (the "Offering") as follows:
ContractKorth Direct Mortgage LLC • October 10th, 2017 • Real estate
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.
