Professional Documents
Culture Documents
Tab 1
Case 13-28260-RBR Doc 3 Filed 07/31/13 Page 1 of 1
Tab 2
Borrower:
New Lender:
Subordinating Lender:
Collateral:
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SUBORDINATION AGREEMENT
REALAUCTION.COM, LLC,
a Florida limited liability company
FINANCIAL MARKETS, LLC.,
a Florida limited liability company
ADILA ENTERPRISES, S.A.,
a British Virgin Islands company
SEE EXHIBIT "A" ATTACHED HERETO .. AND
INCORPORATED HEREIN BY REFERENCE
THIS SUBORDINATION AGREEMENT (the "Agreement"), effective as of the _
day of February, 2010, and is made by ADILA ENTERPRISES, S.A., a company
and existing under the laws of the British Virgin Islands, whose post office address is: P.O. Box
146, Road Town, Tortola, British Virgin Islands ("Adila Enterprises") in favor of FINANCIAL
MARKETS, LLC., a Florida limited liability company, whose post office address is: 100 S.
Biscayne Blvd. , Suite 900, Miami, Florida 33131, its successors and/or assigns ("Financial
Markets").
WITNESSETH:
A WHEREAS, REALAUCTION.COM, LLC (the "Borrower") owns the collateral
described as follows:
See Exhibit "A" attached hereto and incorporated herein by reference (the "Collateral");
and
B. WHEREAS, ADILA ENTERPRJSES, S.A., has an interest in the Collateral by
virtue of a Promissory Note in the original principal amount of $3,831,329.57 (the "Adila
Enterprises Loan") given by Borrower to Adila Enterprises, dated the 1st day of January, 2010.
C. WHEREAS, FINANCIAL MARKETS, LLC and Borrower have agreed to a new
loan in the original principal amount of $1,500,000.00 to be given by Markets to the
Tab 3
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14. (a) No waiver shall be deemed to be made by Financial Markets of any of its
rights hereunder, or under the Financial Markets Loan, unless the same shall be in writing and
signed by Financial Markets, with a copy delivered to Adila Enterprises pursuant to paragraph
16, and each waiver, if any, shall be a waiver only with respect to the specific instances involved
and shall in no way impair the rights of the Financial Markets in any other respect or at any other
time.
(b) No waiver shall be deemed to be made by Adila Enterprises of any of its
rights hereunder, or under Adila Enterprises Loan Documents, tmless the same shall be in writing
and signed by Adila Enterprises, with a copy delivered to Financial Markets pursuant to
paragraph 16, and each waiver, if any, shall be a waiver only with respect to the specific
instances involved and shall in no way impair the rights of Adila Enterprises in any other respect
or at any other time.
15. This Agreement shall be the entire and only agreement with regard to the
subordination of the lien or charge of the Adila Enterprises Loan to the lien or charge of the
Financial Markets Loan and supersedes and cancels any prior agreements as to such
subordination.
16. All notices, demands, requests and other communications made hereunder shall
be in writing and shall be properly given and deemed delivered on the date of delivery if sent by
personal delivery or .nationally recognized overnight courier and on the third (3rd) business day
following mailing if sent by certified or registered mail, postage prepaid, return receipt
requested, as follows:
If to the Adila Enterprises:
with a copy to:
If to the Financial Markets:
ADILA ENTERPRISES, S.A.
P.O. Box 146, Road Town,
Tortola, British Virgin Islands
Attn: Standard Nominees Limited, Sole Director
Fax: (284) 494 3754
Ozzie A. Schindler
GREENBERG TRAURIG, P.A.
1221 Brickell A venue
Miami, FL 33131
Fax: (305) 961-5762
FINANCIAL MARKETS, LLC
100 South Biscayne Blvd., Suite 900
Miami, FL 33131
Attn: Jerome S. Hollo
Fax Number: (305) 358-1619
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(
With a copy to:
(
ROSENTHAL ROSENTHAL RASCO KAPLAN,
LLC
20900 N.E. 30
1
h Avenue, Suite 600
Aventura, FL 33180
Attn: Kerry E. Rosenthal, Esq.
Fax Number: (305) 937-1311
or to such other addresses as any party hereto may request by notice served as required
hereunder.
17. This Agreement may not be changed, terminated or modified except by an
agreement in writing, signed by each of the parties hereto.
18. This Agreement may not be changed or terminated orally. No indulgence, waiver,
election or nonelection by Financial Markets under the Financial Markets Loan or related loan
documents shall affect this Agreement.
19. The invalidity or unenforceability of any portion of this Agreement shall not
affect the remaining provisions and portions hereof.
. .
20. It is agreed that the laws of the State of Florida applied without regard to general
conflicts of laws principles, shall govern the construction and interpretation of this Agreement
and the rights and obligations set out herein.
(SIGNATURES ON FOLLOWING PAGES)
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Tab 4
2011 LIMITED LIABILITY COMPANY ANNUAL REPORT
DOCUMENT# L06000099605
FILED
Mar 17,2011
Secretary of State
Entity Name: GULF GROUP HOLDINGS, LLC
Current Principal Place of Business:
18305 BISCAYNE BLVD., SUITE 400
AVENTURA, FL 33160 US
Current Mailing Address:
C/0 OZZIE A SCHINDLER, GREENBERG TRAURIG
333 AVENUE OF THE AMERICAS
MIAMI, FL 33131 US
FEI Number: 20-5697917 FEI Number Applied For ( )
Name and Address of Current Registered Agent:
POLITANO, JONATHAN R
18305 BISCAYNE BLVD., SUITE 400
AVENTURA, FL 33160 US
New Principal Place of Business:
New Mailing Address:
FEI Number Not Applicable ( ) Certificate of Status Desired ( )
Name and Address of New Registered Agent:
The above named entity submits this statement for the purpose of changing its registered office or registered agent, or both,
in the State of Florida.
SIGNATURE
Electronic Signature of Registered Agent Date
MANAGING MEMBERS/MANAGERS:
Title: MGRM
Name: POLITANO, JONATHAN
Address: 18305 BISCAYNE BLVD- STE 400
City-St-Zip: AVENTURA, FL 33160 US
Title: MGR
Name: POLITANO, ANA K
Address: 18305 BISCAYNE BLVD- STE 400
City-St-Zip: AVENTURA, FL 33160 US
I hereby certify that the information indicated on this report is true and accurate and that my electronic signature shall have
the same legal effect as if made under oath; that I am a managing member or manager of the limited liability company or the
receiver or trustee empowered to execute this report as required by Chapter 608, Florida Statues.
SIGNATURE JONATHAN POLITANO MGRM 03/17/2011
Electronic Signature of Signing Managing Member, Manager, or Authorized Representative I Date