Landmark Land Co Inc/De Sample Contracts

ADJUSTABLE RATE NOTE
Adjustable Rate Note • August 13th, 2009 • Landmark Land Co Inc/De • Real estate • Oklahoma

FOR VALUE RECEIVED, the undersigned, KES, Inc., an Ohio corporation (“Maker”), having an address of 2817 Crain Highway, Upper Marlboro, Maryland 20774, hereby promises to pay to the order of JOHN DAVID DAVENPORT, an individual (“Payee”), at his offices at 1103 West Saint Andrews Drive, Edmond, Oklahoma 73003, or such other place as the holder of this Note may from time to time designate in writing, the principal sum of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00), together with interest on the unpaid principal balance from day to day remaining at the Applicable Interest Rate (as hereinafter defined), as follows:

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AGREEMENT
Agreement • March 30th, 2005 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Texas

THIS AGREEMENT (the “Agreement”) is entered into as of October 1, 2004 by and between NEW DELOS PARTNERS, L.P., a Delaware limited partnership (“New Delos”), OAKLAWN COUNTRY CLUB, LLC, a Delaware limited liability company (“Oaklawn”), MEADOWBROOK FARM, L.P., a Delaware limited partnership (“Meadowbrook”), BIG SKY COUNTRY CLUB, LLC, a Delaware limited liability company (“Big Sky”), LOST CANYONS, LLC, a Delaware limited liability company (“Lost Canyons”), DPMG, INC., a Delaware corporation (“DPMG”) and SOUTH PADRE ISLAND DEVELOPMENT, L.P., a Delaware limited partnership (“South Padre”).

MEMBERS’ AGREEMENT OF APES HILL DEVELOPMENT SRL
Members’ Agreement • March 23rd, 2006 • Landmark Land Co Inc/De • Savings institutions, not federally chartered

THIS MEMBERS AGREEMENT (this “Agreement”), is entered into as of the ___day of , 2005 (the “Effective Date”), by and among LML Caribbean, Ltd., a company incorporated under the laws of Saint Lucia (“Landmark”), and C.O. Williams Investments Inc., a company incorporated under the provisions of Companies Act (“Williams”), as Members, together with any Person who becomes a Member as provided herein, and supercedes and replaces a Company Agreement dated March, 2005 between DPMG Inc. and Williams. Certain terms used in this Agreement are defined in Article II.

FIRST AMENDMENT TO BUSINESS OPERATIONS AGREEMENT
Business Operations Agreement • May 15th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered

THIS FIRST AMENDMENT TO BUSINESS OPERATIONS AGREEMENT (the “Amendment”) is made effective as of April 1, 2003 by and between LANDMARK LAND COMPANY, INC. , a Delaware corporation (herein referred to as “Company”), and DPMG, Inc., a Delaware corporation (herein referred to as “Operator”).

THIS THIRD AMENDED AND RESTATED LOAN AGREEMENT is made the ________ day of June, 2008. BETWEEN:-
Landmark Land Co Inc/De • August 13th, 2009 • Real estate

BNB FINANCE & TRUST CORPORATION a former-Act Company continued under the provisions of the Companies Act, Cap. 308 of the Laws of Barbados in the name of Barbados National Bank Limited as Company No. 1588 which by virtue of a resolution dated the day of changed its name as aforesaid and having its Registered Office situate at Number 1 Broad Street in the City of Bridgetown in the Island of Barbados (hereinafter referred to as “BNB FTC”) of the FIRST PART

BUSINESS OPERATIONS AGREEMENT
Business Operations Agreement • February 7th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Oklahoma

THIS BUSINESS OPERATIONS AGREEMENT (“Agreement”) is made effective this 22nd day of March, 2002 (the “Commencement Date”) by and between LANDMARK LAND COMPANY, INC., a Delaware corporation (herein referred to as “Company”), and DPMG, Inc., a Delaware corporation (herein referred to as “Operator”).

LANDMARK LAND COMPANY, INC. Stock Option Agreement
Landmark Land Co Inc/De • January 9th, 2007 • Savings institutions, not federally chartered

Pursuant to a resolution duly adopted on April 29, 2006, the Board of Directors of Landmark Land Company, Inc. (the "Company") has granted to you effective as of May 1, 2006 an option (the "Option") to purchase the number of the Company's Common Shares set forth above. Such number of shares (as may be adjusted as described in Section 8 below) are herein referred to as the "Option Shares." The terms and conditions of your Option are set out below.

JOINT FILING AGREEMENT
Joint Filing Agreement • September 10th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered

The undersigned hereby agree to jointly file a statement on Schedule 13D, together with any amendments thereto (collectively, “Schedule 13Ds”), with the Securities and Exchange Commission pursuant to the requirements of Rule 13d-1 under the Securities Exchange Act of 1934, as amended.

Attn: Gerald G. Barton President, Chairman & CEO Re: Amendment to July 31, 1998 Letter Agreement Regarding Loan to Fund Lawsuit and Certain Expenses
Landmark Land Co Inc/De • February 7th, 2003 • Savings institutions, not federally chartered • New York

This letter will serve as an amendment to the July 31, 1998 Letter Agreement (“Agreement”) pursuant to the terms of which Gotham Partners, L.P. and/or its affiliates (“Lenders”) agreed to make a loan to fund ongoing expenses of prosecuting a certain lawsuit.

AGREEMENT AND PLAN OF ACQUISITION
Agreement and Plan of Acquisition • September 10th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Delaware

THIS AGREEMENT AND PLAN OF ACQUISITION (this “Agreement”) is made and entered into as of August 26, 2003, by and among LANDMARK LAND COMPANY, INC.(“Parent”), a Delaware corporation and KES, INC.(“Company”), an Ohio corporation.

REAL ESTATE LIEN NOTE
Real Estate Lien Note • August 13th, 2009 • Landmark Land Co Inc/De • Real estate

For value received, the receipt and sufficiency of which is hereby acknowledged, the undersigned, jointly and severally, (hereinafter “Borrower”, whether one or more) promise to pay to the order of INTERNATIONAL BANK OF COMMERCE (hereinafter “Lender”), at 1600 FM Road 802, Brownsville, Cameron County, Texas 78520, the sum of FOUR MILLION FIVE HUNDRED THOUSAND AND NO/100 Dollars ($4,500,000.00), in legal and lawful money of the United States of America, with interest as it accrues on the outstanding principal balance from date of advance of such principal until paid.

PURCHASE AGREEMENT
Purchase Agreement • February 7th, 2003 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Maryland

THIS PURCHASE AGREEMENT (this “Agreement”), dated as of July 30, 2002, is by and among LANDMARK LAND COMPANY, INC. (the “Company”), on the one hand, and GOTHAM PARTNERS, L.P., GOTHAM PARTNERS III, L.P., GOTHAM PARTNERS INTERNATIONAL, LTD., GOTHAM HOLDINGS II, L.L.C., GOTHAM HOLDINGS III, L.L.C. and KARENINA PROPERTIES, L.L.C. (each of GOTHAM PARTNERS, L.P., GOTHAM PARTNERS III, L.P., GOTHAM PARTNERS INTERNATIONAL, LTD., GOTHAM HOLDINGS II, L.L.C., GOTHAM HOLDINGS III, L.L.C. and KARENINA PROPERTIES, L.L.C., a “Gotham Party” and collectively, the “Gotham Parties”), on the other hand.

EXTENSION AND/OR MODIFICATION AGREEMENT COMMERCIAL INDEBTEDNESS
Extension And • August 13th, 2009 • Landmark Land Co Inc/De • Real estate
AGREEMENT
Agreement • October 7th, 2004 • Landmark Land Co Inc/De • Savings institutions, not federally chartered • Texas

THIS AGREEMENT (the “Agreement”) is entered into as of October 1, 2004 by and between NEW DELOS PARTNERS, L.P., a Delaware limited partnership (“New Delos”), OAKLAWN COUNTRY CLUB, LLC, a Delaware limited liability company (“Oaklawn”), MEADOWBROOK FARM, L.P., a Delaware limited partnership (“Meadowbrook”), BIG SKY COUNTRY CLUB, LLC, a Delaware limited liability company (“Big Sky”), LOST CANYONS, LLC, a Delaware limited liability company (“Lost Canyons”), DPMG, INC., a Delaware corporation (“DPMG”) and SOUTH PADRE ISLAND DEVELOPMENT, L.P., a Delaware limited partnership (“South Padre”).

AMENDMENT TO LOAN AGREEMENT BETWEEN SOUTH PADRE ISLAND DEVELOPMENT, L.L.C. FORMERLY KNOWN AS SOUTH PADRE ISLAND DEVELOPMENT, L.P. AND COMPASS BANK, FORMERLY KNOWN AS TEXAS STATE BANK
Loan Agreement • August 13th, 2009 • Landmark Land Co Inc/De • Real estate

This Amendment to Loan Agreement between South Padre Island Development, L.L.C., formerly known as South Padre Island Development, L.P. (“SPID”) and Compass Bank, formerly known as Texas State Bank (“Compass”) is entered into effective May 1, 2009.

STOCKHOLDERS AGREEMENT
Stockholders Agreement • April 7th, 2010 • Landmark Land Co Inc/De • Real estate • Delaware

This Stockholders Agreement (the "Agreement"), dated as of April 1, 2010, is by and among Landmark Land Company, Inc., a Delaware corporation ("Company") and Claudia Holliman ("Stockholder").

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