IP & IT ASSET PURCHASE AGREEMENTIt Asset Purchase Agreement • June 5th, 2018 • iHealthcare, Inc. • Retail-miscellaneous retail • Florida
This document (“Agreement”) reflects the agreement of iHealthcare, Inc., a Delaware Corporation with an address of 3901 NW 28th Street, 2nd Floor, Miami, Florida 33142, (“iHealthcare”) and Empower Holdings Group, LLC, a Florida Limited Liability Company with an address of 8724 SW 72 Street, Suite 459, Miami, Florida 33173, (“Empower”) (hereinafter, collectively iHealthcare and Empower are also known as the “Parties,” or individually as a “Party”) to engage in business on the terms set forth below, as well as such other terms and conditions as the Parties may agree. The Parties may reduce the terms listed below to a more complete written agreement, but they are not required to do so.
PROMISSORY NOTEPromissory Note • June 5th, 2018 • iHealthcare, Inc. • Retail-miscellaneous retail • Florida
For value received, under the IP & IT Asset Purchase Agreement that has been duly executed between iHealthcare, Inc. and Empower Holdings Group, LLC, the undersigned iHealthcare, Inc. (the "Borrower"), at 3901 NW 28th Street, 2nd Floor, Miami, Florida 33142, promises to pay Perez-Tio Family Trust, LLC at the direction of Empower Holdings Group, LLC (the "Lender"), at 13595 SW 134 Ave Suite 209 Miami Florida, 33186 (or at such other place as the Lender may designate in writing), the sum of Two-Million-Five-Hundred-Thousand-Dollars $2,500,000.00 with interest from June 01, 2018, on the unpaid principal at the rate of 4% per annum. The Asset Transfer, pursuant to the IP & IT Asset Purchase Agreement, represents the security for this Promissory Note.
