Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Cardiff Lexington Corp incurred debt of initial advance of not less than $500,000 and a maximum advance amount of $4,500,000 with DML HC Series, LLC Series 308 maturing two years from the date of the Agreement.
- Principal
- initial advance of not less than $500,000 and a maximum advance amount of $4,500,000
- Counterparty
- DML HC Series, LLC Series 308
- Maturity
- two years from the date of the Agreement
- Event
- incurrence
Exact text from the filing
On September 29, 2023 Cardiff Lexington Corporation (the “Company”) entered into a Revolving Purchase and Security Agreement (the “Agreement”) with Nova Ortho and Spine, PLLC, a Florida professional limited liability company and the Company’s wholly-owned subsidiary (“Nova”; the Company and Nova are referred to individually as “Seller” and collectively as, “Sellers”), and DML HC Series, LLC Series 308, a Texas limited liability company (the “Purchaser”) for a facility under which Purchaser will, from time to time, buy approved pools of accounts receivables from the Seller with an initial advance of not less than $500,000 and a maximum advance amount of $4,500,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cardiff Lexington Corp entered into Revolving Purchase and Security Agreement with DML HC Series, LLC Series 308 valued at initial advance of not less than $500,000 and a maximum advance amount of $4,500,000 (effective 2023-09-29).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- DML HC Series, LLC Series 308
- Value
- initial advance of not less than $500,000 and a maximum advance amount of $4,500,000
- Effective
- 2023-09-29
Exact text from the filing
On September 29, 2023 Cardiff Lexington Corporation (the “Company”) entered into a Revolving Purchase and Security Agreement (the “Agreement”) with Nova Ortho and Spine, PLLC, a Florida professional limited liability company and the Company’s wholly-owned subsidiary (“Nova”; the Company and Nova are referred to individually as “Seller” and collectively as, “Sellers”), and DML HC Series, LLC Series 308, a Texas limited liability company (the “Purchaser”) for a facility under which Purchaser will, from time to time, buy approved pools of accounts receivables from the Seller with an initial advance of not less than $500,000 and a maximum advance amount of $4,500,000.
View on SEC.gov
Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
Cardiff Lexington Corp entered into Guaranty and Security Agreement (effective 2023-09-29).
- Action
- entry
- Agreement
- credit facility
- Effective
- 2023-09-29
Exact text from the filing
the Company, Nova, Platinum Tax Defenders, a Nevada limited liability company and the Company’s wholly-owned subsidiary and Edge View Properties, Inc., a Idaho corporation and the Company’s wholly-owned subsidiary executed a Guaranty and Security Agreement dated September 29, 2023 (the “Guaranty Agreement”) to guaranty the payment and performance obligations of the Seller under the Agreement.
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