Side Letter to the Asset Purchase Agreement Sample Contracts
February 12, 2015Side Letter to the Asset Purchase Agreement • October 8th, 2015 • loanDepot, Inc. • Mortgage bankers & loan correspondents
In connection with the APA, Buyer and you (in your capacity as Seller Party Representative) hereby agree to the terms of this side letter (this “Side Letter”). The purpose of this Side Letter is to set forth the terms and conditions under which Buyer will issue promissory notes to Seller evidencing Buyer’s obligation to pay Seller the Actual Book Value Amount pursuant to Section 3.2 of the APA and to amend the APA pursuant to Section 12.4 of the APA, effective as of the date of this Side Letter. Capitalized terms used, but not otherwise defined, herein shall take the meanings ascribed to such terms in the APA.
