Membership Interest Purchase Agreement between FAL Minerals, LLC and David Lubin & Associates, PLLC

Contract Categories: Business Finance › Purchase Agreements
Summary

FAL Minerals, LLC and David Lubin & Associates, PLLC entered into this agreement on October 9, 2013. FAL Minerals owed David Lubin & Associates $10,000 in legal fees, and the parties agreed that, instead of cash payment, David Lubin & Associates would receive a 2% membership interest in FAL Minerals. Each existing member will contribute a proportional share of their ownership to grant this interest. The agreement only covers legal services provided before its signing.

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EX-10.2 8 ex10-2.htm MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

Exhibit 10.2

 

MEMBERSHIP INTEREST PURCHASE AGREEMENT

 

This Agreement dated October 9, 2013 by and between FAL Minerals, LLC, an Alabama limited liability company (the “Company”), and David Lubin & Associates, PLLC (the “Purchaser’’); and

 

WHEREAS, FAL Minerals, LLC. owes David Lubin & Associates, PLLC legal fees for services performed in the amount of $10,000.00; and

 

WHEREAS, David Lubin & Associates, PLLC has agreed to accept a membership interest in lieu of the past legal fees;

 

NOW THEREFORE, it is agreed as follows:

 

The terms of this Agreement shall only apply to legal services provided prior to the execution of this Agreement.

 

The Members agree to issue a TWO (2%) interest in FAL Minerals, LLC. to David Lubin & Associates, PLLC, and each member shall contribute a portion of their interest in proportion to their ownership.

 

The new Membership Interests shall be as follows:

 

David Lubin & Associates, PLLC   2%
Eric Weisblum   58.8%
Brazil Gold Corp   19.6%
FAL Exploration Corp   19.6%
      
Total   100.00%

 

Each Member shall signify their agreement by signing below.

 

 
David Lubin & Associates, LLC  
   
 
Eric Weisblum  
   
 
Brazil Gold Corp  
   
 
FAL Exploration Corp.