Document:

Freedom
      Financial Holdings, Inc

     

    Official
      Offer to Purchase Real Estate

     

    Freedom
      Financial Holdings, Inc. (“FFH”) (Buyer) does hereby offer to acquire the real
      property from
      Robert W. Carteaux and Stanley P. Lipp dba Carteaux/Lipp Realty (Seller) located
      at 6615 Brotherhood
      Way, Fort Wayne, Indiana 46825, pursuant to the following terms:

     

    1. Purchase
      Price. The purchase price shall be the sum of seven hundred thousand dollars
      ($700,000)
      in cash at closing in addition to the Notes and Warrants set forth in Paragraphs
      2 and 3, below.

     

    2. Notes.
      FFH shall provide two (2) convertible notes in the amount of three hundred
      thousand ($300,000)
      (the Notes”) issued to Robert W. Carteaux and Stanley P. Lipp subject to the
following: 

     

    a.
      The
      Notes shall be convertible into common stock of FFH at 85% of the price set
      forth in
      FFH’s
      initial public offering (“Conversion Price”);

     

    b. Conversion
      into common stock at the Conversion Price shall not occur until the expiration
      of one (1) year from the date of the close of the initial public
      offering;

     

    c. The
      Notes
      shall bear no interest if converted into common stock. If not converted, the
      note
      will
      bear interest at the rate of 6%, due and payable upon the stated maturity
      date.

     

    d. If
      not
      earlier converted, the Notes will be due and payable on December 31,
      2008.

     

    3. Warrants.
      Warrants to acquire shares of common stock of FFH, in an amount equal to 150%
      of
      the
      number of shares the Notes could be converted into as of the closing date of
      the
      initial public
      offering and shall be granted at the Conversion Price; provided, however, the
      Warrants are not
      exercised for a period on one (1) year from the close of the initial public
      offering. Warrants shall
      expire five (5) years from the close of the initial public
      offering.

     

    4. Registration
      Rights. Piggyback registration rights for the shares of common stock underlying
      the Notes and the Warrants shall be granted to the extent of any secondary
      offering registered with the SEC.

     

    5. Taxes
      and
      Rents. All property taxes and rents will be pro-rated as of the day of
      closing.

     

    6. Financing
      is to be handled by Tower bank under the terms set forth by Tower in the
commitment
      letter attached.

     

    7.
      All costs for inspections and appraisal required by the bank for
      financing will be paid for by buyer.

     

    8. Possession
      will take place on the day of closing.

     

    9. Sellers
      will provide clear title as required by law.

     

    This
      offer is made August 9,
      2006
      by:

    
      	 	 	 	 
		 	 	 
	
              
Brian
              Kistler CEO, Freedom Financial Holdings, Inc	 	 	
            

    

     

    I
      hereby
      agree and accept the terms as written above August 9,
      2006:

    
      	 	 	 	 
		 	 	 
	
              
Robert
              Carteaux 	 	 	
              
Stan
              Lipp

    

     

    421
      East Cook Road, Suite 200, Fort Wayne, IN 46825

    Phone:
      260-490-5323* Fax 260-490-5004

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Freedom
      Financial Holdings, Inc

     

    Official
      Offer to Purchase Real Estate

     

    Freedom
      Financial Holdings, Inc. (“FFH”) (Buyer) does hereby offer to acquire the real
      property from
      Robert W. Carteaux and Stanley P. Lipp dba Carteaux/Lipp Realty (Seller) located
      at 6615 Brotherhood
      Way, Fort Wayne, Indiana 46825, pursuant to the following terms:

     

    1. Purchase
      Price. The purchase price shall be the sum of seven hundred thousand dollars
      ($700,000)
      in cash at closing in addition to the Notes and Warrants set forth in Paragraphs
      2 and 3, below.

     

    2. Notes.
      FFH shall provide two (2) convertible notes in the amount of three hundred
      thousand ($300,000) (the Notes") issued to Robert W. Carteaux and Stanley P.
      Lipp subject to the following:

     

    a.
      The
      Notes shall be convertible into
      common stock of FFH at 8.5% of the price set forth in FFH's initial public
      offering ("Conversion Price");

     

    b.
      Conversion into common stock at the Conversion Price shall not occur until
      the
expiration
      of one (1) year from the date of the close of the initial public
      offering;

     

    c. The
      Notes
      shall bear no interest if converted into common stock. If not converted, the
      note
      will
      bear interest at the rate of 6%, due and payable upon the stated maturity
      date.

     

    d. If
      not
      earlier converted, the Notes will be due and payable on December 31,
      2008.

     

    3. Warrants.
      Warrants to acquire shares of common stock of FFH, in an amount equal to 150%
      of
      the
      number of shares the Notes could be converted into as of the closing date of
      the
      initial public
      offering and shall be granted at the Conversion Price; provided, however, the
      Warrants are not
      exercised for a period on one (1) year from the close of the initial public
      offering. Warrants shall
      expire five (5) years from the close of the initial public
      offering.

     

    4. Registration
      Rights. Piggyback registration rights for the shares of common stock underlying
      the
      Notes
      and the Warrants shall be granted to the extent of any secondary offering
      registered with the SEC.

     

    5. Taxes
      and
      Rents. All property taxes and rents will be pro-rated as of the day of
      closing.

     

    6. Financing
      is to be handled by Tower bank under the terms set forth by Tower in the
commitment
      letter attached.

    

    
      
        7.
          All
          costs
          for inspections and appraisal required by the bank for financing will be
          paid
          for by buyer.

      

    

     

    8. Possession
      will take place on the day of closing.

     

    9. Sellers
      will provide clear title as required by law.

     

    This
      offer is made August 8,
      2006
      by:

    
      	
               

            	 	 	 
		 	 	 
	
              
Brian
              Kistler CEO, Freedom Financial Holdings, Inc	 	 	
            

    

     

    I
      hereby agree and accept the terms as written above
      August 8, 2006:

    
      
        	 	 	 	 
	 	 	 	
	
                
Robert
                Carteaux 	 	 	
                
Stan
                Lipp

      

       

    

    421
      East Cook Road, Suite 200, Fort Wayne, IN 46825

    Phone:
      260-490-5323* Fax 260-490-5004Freedom
      Financial Holdings, Inc

     

    Amended
      and Restated Official Offer to Purchase Real Estate

    

    

    Freedom
      Financial Holdings, Inc. (“FFH”) (Buyer) does hereby offer to acquire the real
      property from Robert W. Carteaux (“Carteaux”) and Stanley P. Lipp (“Lipp”) dba
      Carteaux/Lipp Realty (Seller) located at 6615 Brotherhood Way, Fort Wayne,
      Indiana 46825, pursuant to the following terms:

    

    1.
      Purchase Price. The purchase price shall be the sum of seven hundred thousand
      dollars ($700,000) in cash at closing in addition to the Preferred Stock and
      Warrants set forth in Paragraphs 2 and 3, below.

    

    2.
      Preferred Stock. FFH shall provide Class C Convertible Preferred Stock in the
      amount of six hundred thousand (600,000) shares (the “Shares”). Each Share will
      be valued at One Dollar ($1.00) at issuance. The rights and preferences of
      the
      Class C Shares are attached hereto as Exhibit A. The Shares will be issued
      as
      follows: three hundred thousand (300,000) issued to Carteaux and three hundred
      thousand (300,000) issued to Lipp and will be subject to the
      following:

    

    a.
      The
      Shares shall be convertible into common stock of FFH at 85% of the price set
      forth in FFH’s initial public offering (“Conversion Price”); 

    

    b.
      Conversion into common stock at the Conversion Price shall be at the option
      of
      the holder upon written notice to FFH at a time after one year has elapsed
      since
      the Corporation filed an initial registration statement (“Initial Registration
      Statement”) under the Securities Act of 1933. 

    

    c.
      The
      Class C Preferred Stock shall receive dividends, as stated in Exhibit A, if
      not
      converted into common stock. 

     

    3.
      Warrants. Warrants to acquire shares of common stock of FFH, in an amount equal
      to 150% of the number of shares the Class C Preferred Shares could be converted
      into as of the closing date of the initial public offering and shall be granted
      at the price set forth in FFH’s initial public offering of stock (the “IPO
      Price”); provided, however, the Warrants are not exercised for a period on one
      (1) year from the close of the initial public offering. Warrants shall expire
      five (5) years from the close of the initial public offering. The Common Stock
      Warrant Agreements for Carteaux and Lipp are attached hereto as Exhibits B
      and
      C, respectively.

    

    4.
      Registration Rights. Piggyback registration rights for the shares of common
      stock into which the Preferred Stock can be converted and the common stock
      underlying the Warrants shall be granted to the extent of any secondary offering
      registered with the SEC. The Registration Rights Agreements for Carteaux and
      Lipp are attached hereto as Exhibits D and E, respectively.

    

    421
      East Cook Road, Suite 200, Fort Wayne, IN 46825

    Phone:
      260-490-5323* Fax 260-490-5004

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    Freedom
      Financial Holdings, Inc

     

    5.
      Taxes
      and Rents. All property taxes and rents will be pro-rated as of the day of
      closing.

    

    6
      Financing is to be handled by Tower bank under the terms set forth by Tower
      in
      the commitment letter attached.

    

    7
      All
      costs for inspections and appraisal required by the bank for financing will
      be
      paid for by buyer.

    

    8
      Possession will take place on the day of closing.

    

    9
      Sellers
      will provide clear title as required by law.

    

    This
      Amended and Restated Offer is made September 30, 2006 by:

     

    
      	 	 	 	 
	
              //
                ss
                //

            	 	 	 
	
              
Brian
              Kistler CEO, Freedom Financial Holdings, Inc	 	 	
            
	 	 	 	 

    

    

    I
      hereby
      agree and accept the terms as written above September 30, 2006:

    

    
       

      
        	 	 	 	 
	
                //
                  ss
                  //

              	 	 	 
	
                
Stanley
                P. Lipp	 	 	
              
	 	 	 	 

      

      
 

    

    
      
        	 	 	 	 
	
                //
                  ss
                  //

              	 	 	 
	
                
Robert
                W. Carteaux	 	 	
              
	 	 	 	 

      

         

    

    

    421
      East Cook Road, Suite 200, Fort Wayne, IN 46825

    Phone:
      260-490-5323* Fax 260-490-5004

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