SUBSCRIPTION AGREEMENTSubscription Agreement • March 13th, 2019 • CRL Team 12, Inc. • Services-amusement & recreation services • Utah
THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.
CRL Team 12, Inc. / The Crown League, LLC SECURITY AGREEMENTSecurity Agreement • March 13th, 2019 • CRL Team 12, Inc. • Services-amusement & recreation services • Utah
THIS SECURITY AGREEMENT (this “Agreement”) is made as of March ___, 2019, by and between The Crown League, LLC, a Delaware limited liability company ("Secured Party") and CRL Team 12, Inc., a Delaware corporation (“Debtor”).
CRL Team 12, Inc. / The Crown League, LLC COMITMENT FOR FUTURE ADVANCESComitment for Future Advances • March 13th, 2019 • CRL Team 12, Inc. • Services-amusement & recreation services • Utah
This COMITMENT FOR FUTURE ADVANCES (this “Agreement”) is dated as of March ___, 2019, and entered into by and between The Crown League, LLC, a Delaware limited liability company ("Borrower”) and CRL Team 12, Inc., a Delaware Corporation (“Lender”). This Agreement is being entered into simultaneously with a $2,500,000 Share Acquisition Loan agreement, pursuant to which Borrower issued a note to Lender in exchange for Class A Membership Units in Borrower (the “Note”).
CRL Team 12, Inc. / The Crown League, LLC SHARE ACQUISITION LOANSecurity Agreement • March 13th, 2019 • CRL Team 12, Inc. • Services-amusement & recreation services • Utah
In exchange for 416,600 Class A Units (the “Class A Units”) of The Crown League, LLC, a Delaware limited liability company (the “Holder”), the CRL Team 12, Inc., a Delaware corporation, (“Debtor”), promises to pay to Holder the principal sum of $2,500,000.00, plus all interest that accrues hereon (the “Note”). This Note is being entered into simultaneously with a Commitment for Future Advances between Debtor and Holder pursuant to which Debtor has agreed to advance Holder $3,200,000 on or before December 31, 2020 (the “Commitment for Future Advances”).
ESCROW AGREEMENT FOR CONTINGENT SECURITIES OFFERINGEscrow Agreement • March 13th, 2019 • CRL Team 12, Inc. • Services-amusement & recreation services • Delaware
THIS ESCROW AGREEMENT, effective as of _____________, (“Escrow Agreement”), is by, between and among North Capital Private Securities Corporation, a Delaware Corporation and a registered Broker-Dealer, member FINRA and SIPC, located at 623 E. Ft. Union Blvd, Suite 101, Salt Lake City, UT 84047 (“NCPS”) as escrow agent hereunder (“NCPS” or “Escrow Agent”); North Capital Private Securities Corporation (“Placement Agent”), a Delaware Corporation located at 623 E. Ft. Union Blvd, Suite 101, Salt Lake City, UT 84047; and ____________________________, a ________________________ (“Issuer”) located at _____________________________________________________________.
