SECURITY & GUARANTEE RELEASE AGREEMENTSecurity & Guarantee Release Agreement • December 5th, 2024 • Beneficient • Finance services • Delaware
This Security & Guarantee Release Agreement (the “Release Agreement”) is entered into as of December 4, 2024 (the “Effective Date”) by and among Mercantile Global Holdings, Inc., a Delaware corporation (“MGH”), Mercantile Bank International Corp., a Puerto Rico corporation (“MBI”), Galaxy Digital Ventures LLC, a Delaware limited liability company (“Galaxy”) and Beneficient, a Nevada corporation (“Beneficient”). Each of MGH, MBI, Galaxy, and Beneficient may be referred to individually as a “Party” and collectively as the “Parties”).
TRANSITION SERVICES AGREEMENTTransition Services Agreement • December 5th, 2024 • Beneficient • Finance services • Delaware
This Transition Services Agreement (the “Agreement”) effective as of December 4, 2024 (the “Effective Date”) by and among Beneficient, a Nevada corporation (“Beneficient”), Beneficient Capital Company Holdings, L.P., a Delaware limited partnership (“BCCH”), Mercantile Global Holdings, Inc., a Delaware corporation (“Service Provider”) and Mercantile Bank International, Corp., a Puerto Rico corporation (the “Bank”). Each of Beneficient, BCCH, Service Provider, and the Bank may be referred to as a “Party” and collectively as the “Parties”. Terms used but not otherwise defined herein shall have the meanings ascribed thereto in the Stock Purchase Agreement (defined below).
STOCK PURCHASE AGREEMENTStock Purchase Agreement • December 5th, 2024 • Beneficient • Finance services • Delaware
This Stock Purchase Agreement (this “Agreement”) is dated as of December 4, 2024 (the “Effective Date”) by and among Beneficient, a Nevada corporation (“Beneficient”), Beneficient Capital Company Holdings, L.P., a Delaware limited partnership and subsidiary of Beneficient (the “Purchaser,” and together with Beneficient, the “Beneficient Parties”), and Mercantile Global Holdings, Inc., a Delaware corporation (the “Shareholder”) and Mercantile Bank International Corp., a Puerto Rico corporation (the “Company” or “MBI”). Beneficient, the Purchaser, the Shareholder, and the Company may be referred to herein as a “Party” or collectively as the “Parties.” Capitalized terms used in this Agreement but not otherwise defined herein shall have the meanings specified in Exhibit A attached hereto.
