ASSET PURCHASE AGREEMENT by and among SDH HOUSTON LLC, DEVON STREET HOMES, L.P., DEVON STREET HOMES GP, L.L.C. and JOHN STEPHEN RAY, THE BRR 2022 TRUST U/T/A DATED APRIL 20, 2022, THE CAR 2022 TRUST U/T/A DATED APRIL 20, 2022 AND THE TTR 2022 TRUST...Asset Purchase Agreement • September 6th, 2023 • Smith Douglas Homes Corp. • Operative builders • Texas
THIS ASSET PURCHASE AGREEMENT (this “Agreement”), dated as of July 31, 2023, is made and entered into by and among SDH HOUSTON LLC, a Georgia limited liability company (the “Purchaser”), DEVON STREET HOMES, L.P., a Texas limited partnership (the “Seller”), DEVON STREET HOMES GP, L.L.C., a Texas limited liability company (the “General Partner”), JOHN STEPHEN RAY, an individual resident of the State of Texas (“Ray”), THE BRR 2022 TRUST U/T/A DATED APRIL 20, 2022, THE CAR 2022 TRUST U/T/A DATED APRIL 20, 2022 A’ND THE TTR 2022 TRUST U/T/A DATED APRIL 20, 2022 (such trusts, together with the General Partner and Ray, collectively, the “Partners”). The Purchaser, the Seller and the Partners are sometimes individually referred to herein as a “Party” and, collectively, as the “Parties.” Certain capitalized terms used in this Agreement are defined in Annex A.
