Common Contracts

2 similar Membership Interest Purchase Agreement contracts by Payment Data Systems Inc

Contract
Membership Interest Purchase Agreement • May 5th, 2020 • Texas

EX-10.1 2 purchaseagreement-singular.htm PURCHASEAGREEMENT Exhibit 10.1 MEMBERSHIP INTEREST PURCHASE AGREEMENT This Membership Interest Purchase Agreement (this “Agreement”) is made and entered into as of September 1, 2017 (the “Effective Date”) by and among Singular Payments, LLC, a Florida limited liability company (the “Company”), Vaden Landers, an individual residing in College Grove, Tennessee (“Seller”), and Payment Data Systems, Inc., a Nevada corporation (“Purchaser”). Seller, the Company and Purchaser may be referred to herein individually as a “Party” and together as the “Parties”. WHEREAS, Seller is the sole record and beneficial owner of a 100% membership interest in and to the Company (the “Seller Interest”); and WHEREAS, the Company has borrowed $600,000.00 from Purchaser pursuant to that certain Line of Credit Promissory Note dated March 7, 2017, as amended and restated by that certain First Amended and restated Line of Credit Promissory Note dated August 2, 2017 (as ame

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MEMBERSHIP INTEREST PURCHASE AGREEMENT
Membership Interest Purchase Agreement • September 8th, 2017 • Payment Data Systems Inc • Functions related to depository banking, nec • Texas

This Membership Interest Purchase Agreement (this “Agreement”) is made and entered into as of September 1, 2017 (the “Effective Date”) by and among Singular Payments, LLC, a Florida limited liability company (the “Company”), Vaden Landers, an individual residing in College Grove, Tennessee (“Seller”), and Payment Data Systems, Inc., a Nevada corporation (“Purchaser”). Seller, the Company and Purchaser may be referred to herein individually as a “Party” and together as the “Parties”.

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