Closing Statement for Asset Sale between Jadian Enterprises, Inc. and Jadian, Inc. (May 9, 2014)

Summary

This agreement documents the closing of an asset sale between Jadian Enterprises, Inc. (Seller) and Jadian, Inc. (Buyer) on May 9, 2014. The Buyer agrees to pay a total purchase price of $425,000, with adjustments for credits and a promissory note, resulting in $207,944.80 paid to the Seller at closing. The statement details the disbursement of funds to various parties. Both parties agree to handle their own tax reporting responsibilities and authorize the outlined fund transfers.

EX-10.41 12 epazz_ex1041.htm CLOSING STATEMENT

Exhibit 10.41

CLOSING STATEMENT

ASSET SALE- JADIAN ENTERPRISES, INC.

Closing Date: May 9, 2014

SELLER:	BUYER:
Jadian Enterprises, Inc.	Jadian,Inc.

This Closing Statement is provided pursuant to a certain Asset Purchase Agreement dated May

9, 2014, by and among the parties set forth above.

CLOSING STATEMENT

Credits to Seller Asset Purchase Price (including non-compete)	$425,000.00
Plus AIR Credit	$33,704.50
Less Promissory Note	$210,000.00
Less Prepaid Adjustment	$40,760.02

Cash to Seller from Buyer at Closing $207,944.80

INCOMING FUNDS AT CLOSING		DISBURSEMENTS AT CLOSING

Buyer:	$207,944.80	Seller:	$131,837.80
		Jerry Norris	$10,000.00
		Capitol National Bank	$17,856.68
		Rua & Associates	$42,500.00
		Smith Haughey	$5,750.00
		Total	$207,944.80

Seller and Buyer acknowledge and agree that:

1. Neither Buyer nor Seller's attorney shall be responsible for any income tax reporting requirements, and that each party to this transaction shall be responsible for any applicable tax reporting requirements; and

2. They have read the foregoing statement and approve the same and authorize the disbursement of funds and documents in accordance therewith.

SELLER:	BUYER:

Jadian Enterprises, Inc.	Jadian, Inc.


/s/ Karen Griggs	/s/ Shaun Passley
By: Karen Griggs	By: Shaun Passley
Its: Director	Its: President
Dated: may 9, 2014	Dated: May 9, 2024