MEMBERSHIP INTEREST PURCHASE AGREEMENTMembership Interest Purchase Agreement • May 1st, 2023 • BOSTON OMAHA Corp • Real estate operators (no developers) & lessors • Delaware
THIS MEMBERSHIP INTEREST PURCHASE AGREEMENT (this “Agreement”) is made and entered into as of May 1, 2023, by and among Boston Omaha Asset Management, LLC, a Delaware limited liability company (“Purchaser”), Sean Margulis LLC, a Nevada limited liability company (“SML”), Four Stars Trust (“FST”), Alexander McMilan LLC, a Nevada limited liability company (“AMML”), Bollum Family Trust (“BFT”, together with SML, FST, and AMML, collectively, the “Others”), 24th Street Holding Company LLC, a Delaware limited liability company (“24th Street Holding”, together with Others, each a “Seller” and, collectively, the “Sellers”), Logic Real Estate Companies LLC, a Delaware limited liability company (“LREC”), Logic Irrevocable Trust (“LIT”), and Brendan Keating, in his individual capacity (each an “Owner” and, collectively, the “Owners”). Purchaser and Sellers, and Purchaser’s Parent solely for the purposes of issuing the Stock Consideration as set forth in Section 1.2(b), are each referred to as a “P
