December 26, 2002 AmeriFirst Fund I, LLC 1712-H Osborne Road St. Marys, Georgia 31558 Ladies and Gentleman: This letter shall serve to confirm and memorialize our agreement that AmeriFirst Fund I, LLC (the "Fund") shall provide to us proceeds received...Amerifirst Fund I LLC • January 15th, 2003 • Finance services
Company FiledJanuary 15th, 2003 IndustryThis letter shall serve to confirm and memorialize our agreement that AmeriFirst Fund I, LLC (the "Fund") shall provide to us proceeds received from the public offer and sale of units of membership interest in the Fund. The proceeds shall be derived pursuant to the Fund's registration statement on Form S-1 (the "Registration Statement"), for the sole purpose of purchasing life insurance policies (the "Policies") as set forth in the Registration Statement. The signature of such Registration Statement by the Fund shall constitute conclusive evidence of the Fund's agreement to provide the funds, and we hereby agree to use such proceeds to purchase the Policies, either directly from the insured, if we are licensed as a broker, or through an unaffiliated broker referral network. We further agree that we shall sell and transfer to the Fund all of our right, title and interest to the Policies purchased with such proceeds, in accordance with and subject to any agreements now or hereinafter in
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