Closing Letter Agreement
EXHIBIT 2.2
Eastern Standard LLC
8 The Green
Dover, Delaware 19901
October 18, 2023
Eastern Standard, LLC, Mark Gisi, James Keller and Vincent Giordano
PO Box 275
Linwood, NJ 08221
Ladies & Gentlemen:
Re: Agreements Regarding Closing
Reference is made to the Asset Purchase Agreement, between Eastern Standard LLC, a Delaware limited liability company (“Buyer”) and Eastern Standard, LLC, a Pennsylvania limited liability company, Mark Gisi, James Keller and Vincent Giordano (collectively, “Seller”), dated as of September 20, 2024, to be effective October 1, 2024 (the “Purchase Agreement”). This Letter Agreement is intended to set forth certain agreements and understandings with respect to the closing of the transactions provided for in the Purchase Agreement and hereby amends the Purchase Agreement to reflect such agreements and understandings as follows:
1. Defined Terms. Each capitalized but undefined term used in this Letter Agreement will have the meaning given to it in the Purchase Agreement.
2. Closing Date. The Closing Date is October 18, 2024, effective for economic purposes as of October 1, 2024.
3. Execution. This Letter Agreement may be executed in one or more counterparts, each of which shall be deemed an original but all of which together shall constitute one and the same instrument. This Letter Agreement or any counterpart provision may be executed and delivered by electronic communications by portable document format (.pdf) each of which will be deemed an original.
4. Ratification of Purchase Agreement. Except as set forth herein, the Purchase Agreement remains unchanged and is hereby ratified and confirmed.
5. Governing Law. This Letter Agreement will be governed by and construed in accordance with the internal laws of the State of Delaware, without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware or any other jurisdiction).
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If the foregoing correctly sets forth our agreement, please so confirm by signing a copy of this Letter Agreement below.
Very truly yours,
EASTERN STANDARD LLC
By: Onfolio Holdings Inc., its Manager | |||
By: | /s/ Dominic Wells | ||
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| Dominic Wells, CEO |
Agreed and accepted as of the date first above written.
EASTERN STANDARD, LLC
By: | /s/James Keller |
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| James Keller, President |
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JAMES KELLER
/s/James Keller |
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MARK GISI
/s/ Mark Gisi |
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VINCENT GIORDANO
/s/ Vincent Giordano |
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ONFOLIO HOLDINGS INC.
By: | /s/ Dominic Wells |
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| Dominic Wells |
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