EX-10.1
from 8-K
48 pages
Execution Version Agreement for Purchase and Sale of Property This Agreement Is Made and Entered Into as of the Effective Date (As Hereinafter Defined), by and Between MVB Bank, Inc., a West Virginia Banking Corporation (“Seller” and “Leaseback Tenant”), and Mountainseed Real Estate Services, LLC, a Georgia Limited Liability Company (“Buyer”). Statement of Background A. Seller Is the Owner of Each Property (As Hereinafter Defined). B. Buyer Wishes to Purchase, and Seller Wishes to Sell, the Property, Upon the Terms and Conditions Hereinafter Set Forth. Statement of Agreement Now, Therefore, in Consideration of Ten Dollars ($10.00), in Hand Paid by Buyer to Seller, the Mutual Covenants and Agreements Contained Herein and Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged by Seller, Seller and Buyer Hereby Agree as Follows: 1. Definitions and Exhibits. 1.1 Definitions. for Purposes of This Agreement, Each of the Following Terms, When Used Herein With an Initial Capital Letter, Shall Have the Meaning Ascribed to It as Follows: “Agreement” Shall Mean This Agreement for Purchase and Sale of Property. “Business Day” Shall Mean a Day Other Than a Saturday, Sunday or Legal or Bank Holiday in Either the State Where Any of the Land Is Located or of the Federal Government. “Closing” Shall Mean the Closing and Consummation of the Purchase and Sale of the Property Pursuant to This Agreement. “Closing Date” Shall Mean the Date on Which the Closing Occurs as Provided in Section 9.1. “Deed” Shall Have That Meaning Set Forth in Section 9.2.1.a. “Deposit” Shall Have That Meaning Set Forth in Section 3.1. “Effective Date” Shall Mean December 30, 2024
12/34/56