American Rebel terminates building purchase, agrees to buy seller's membership interests for $14.1M

AMERICAN REBEL HOLDINGS INC

Terminated prior Purchase Agreement for 218 3rd Avenue; entered MIPA to buy all membership interests of 218 LLC for $14.1M.
Consideration: 280,000 Series D shares ($2.1M) for initial 30% interest, $300k cash for 3% in installments, $11.7M 12-month note at 6%.
Additional 18,800 Series D shares issued as convenience fee ($141k); Buyer to file S-1 within 15 business days for underlying common shares.
Note collateralized by purchased membership interests; default triggers full repayment and reversion of all interests to Seller.

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