SECURITY AGREEMENTSecurity Agreement • March 12th, 2007 • Noram Capital Holdings • Services-business services, nec • Texas
This SECURITY AGREEMENT (the "Agreement") is made and entered into as of the 29th day of September, 2006, by and between PAUL L. BARHAM, an individual ("Barham"), CLIVE RUSSELL, an individual, ("Russell"), GEOFFREY DART, an individual ("Dart"), and APSLEY ESTATES, LTD. ("Apsley") (jointly and severally, Barham, Russell, Dart and Apsley, hereinafter referred to as "Debtor"), and HARRELL HOSPITALITY GROUP, INC., a Delaware corporation (hereinafter referred to as "Secured Party"), whose address is P.O. Box 260328, Plano, Texas 75026; and provides as follows:
CAPITAL COMMITMENT Effective as of $250,000.00 November 2, 2006Noram Capital Holdings • March 12th, 2007 • Services-business services, nec
FOR VALUE RECEIVED, SQUARE ROCK, LTD. ("Square Rock") and GLOBAL TREK PROPERTY HOLDINGS, L.P. ("Global Trek@) (jointly and severally, Square Rock and Global Trek are called the AMaker@), HEREBY JOINTLY AND SEVERALLY PROMISES TO FUND TO HARRELL HOSPITALITY GROUP, INC., a Delaware corporation ("Holder"), at P.O. Box 260328, Plano, Texas 75026, or at such other place as Holder may designate in writing, the amount of up to:
CLOSING AGREEMENTClosing Agreement • March 12th, 2007 • Noram Capital Holdings • Services-business services, nec • Texas
This CLOSING AGREEMENT (this "Agreement") is executed effective as of November 1, 2006 (the "Effective Date"), by and between HARRELL HOSPITALITY GROUP, INC., a Delaware corporation (the "Company") and Square Rock, Ltd. and Global Trek Property Holdings, L.P. (together, the "Purchasers"), and is also joined in by Paul L. Barham, an individual ("Barham") and Jonathan Tripp, an individual ("Tripp") for the limited purposes of Sections 2 and 3 below.
STOCK ACQUISITION AGREEMENTStock Acquisition Agreement • March 12th, 2007 • Noram Capital Holdings • Services-business services, nec • Texas
This Stock Acquisition Agreement (the "Agreement") dated effective as of the 29th day of September 2006, is made by and among HARRELL HOSPITALITY GROUP, INC., a Delaware corporation ("HHG"), Square Rock, Ltd. and Global Trek Property Holdings, L.P. (together, the "Purchasers") and provides as follows:
RELEASE OF CLAIMS AND ASSUMPTION OF LIABILITIESRelease of Claims and Assumption of Liabilities • March 12th, 2007 • Noram Capital Holdings • Services-business services, nec • Texas
This RELEASE OF CLAIMS AND ASSUMPTION OF LIABILITIES (this "Agreement") is executed effective as of September 29, 2006 (the "Effective Date"), by and among HARRELL HOSPITALITY GROUP, INC., a Delaware corporation ("HHG") and Paul L. Barham, an individual ("Barham"), Clive Russell, an individual ("Russell"), Geoffrey Dart, an individual ("Dart"), and Apsley Estates, Ltd. ("Apsley") (collectively, Barham, Russell, Dart and Apsley are called the "Purchasers")
