Logicmark Investment Partners, LLC Gottlieb Family, LLC Ben Cornett Kevin O'Connor Generation3 Partners I, LLC c/o Logicmark Investment Partners, LLC Buffalo Grove, Illinois 60089Subordination of Seller Payments • July 27th, 2016 • NXT-Id, Inc. • Services-detective, guard & armored car services • Illinois
Contract Type FiledJuly 27th, 2016 Company Industry JurisdictionThis Letter Agreement ("Agreement") pertains to the actions taken in order to implement and complete the sale by Logicmark Investment Partners, LLC, a Delaware limited liability company, Gottlieb Family, LLC, a Virginia limited liability company, Ben Cornett, Kevin O'Connor and Generation3 Partners I, LLC, a Delaware limited liability company (together the "Sellers") of all of the membership interests of Logicmark, LLC, a Delaware limited liability company (the "Company"), to NXT-ID, Inc., a Delaware corporation (the "Buyer") under that certain Interest Purchase Agreement (as amended, supplemented or otherwise modified from time to time in accordance with its terms, the "Purchase Agreement") dated as of May 17, 2016. Unless otherwise defined herein, initially capitalized words and expressions herein shall have the same meaning as in the Purchase Agreement. A portion of acquisition consideration payable under the Purchase Agreement shall be evidenced by that certain Secured Subordinated