Re-Purchase AgreementRe-Purchase Agreement • April 23rd, 2013 • AL International, Inc. • Retail-catalog & mail-order houses • California
This Re-Purchase Agreement, hereinafter referred to as "Agreement", is made and entered into this 12th day of September, 2012, by and between AL International, Inc. and R Garden, Inc., hereinafter referred to as "ALI" and "RGI", respectively, and collectively referred to as the "Parties". Whereas RGI wishes to acquire, and ALI wishes to transfer, among other things, R Garden branded product, website URL(s), and other intellectual property, the undersigned mutually agree to the following:
Re: Purchase Agreement dated as of September 29, 2003 (the “Purchase Agreement”) by and between Horizon Group Properties, L.P., a Delaware limited partnership (“Horizon Group”), and Pleasant Lake Apts. Limited Partnership (“Pleasant Lake”)Re: Purchase Agreement • November 7th, 2003 • Horizon Group Properties Inc • Real estate investment trusts • Delaware
This letter will confirm our understanding regarding certain issues in connection with the Purchase Agreement. Pursuant to Section 1(g) of the Purchase Agreement Horizon Group and Pleasant Lake acknowledged and agreed that Horizon Group is currently engaged in a restructuring of debt (the “Restructuring”) at Gretna, Sealy, Traverse City Outlet Centers, LLC, a Delaware limited liability company (“Gretna”). In connection with the Restructuring, Horizon Group and Pleasant Lake hereby agree that the transaction in which Pleasant Lake will purchase from Horizon Group a total of forty-nine percent (49%) of the membership interests in Gretna (the “Gretna Transaction”) shall be completed prior to the closing on the remaining 49% Membership Interests as contemplated in the Purchase Agreement.
