Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / loi-summary-memo-to-client.docx
loi-summary-memo-to-client.docx
Parties
HARKNESS LLP
Briarwood Family Office LLC
Meridian Gateway Holdings LLC
Sloane LLP
Caliber Point Capital Partners LP
Prestige Escrow Services LLC
Voss Retail Partners LLC
Ridgepoint Consulting Group LLC
Dates
March 14, 2026
April 14, 2011
April 11, 2026
May 26, 2026
June 30, 2026
July 31, 2026
May 13, 2026
November 30, 2032
August 31, 2030
January 31, 2028
Amounts
$14,200,000
$120,000,000
$6,960,000
$643.78
$68,500,000
$51,500,000
$6,000,000
$3,000,000
$9,000,000
$3,150,000
Obligations
In the event of any inconsistency between the terms described in this memorandum and the terms set forth in the LOI itself, the LOI shall control
The Initial Deposit shall be placed into escrow with Prestige Escrow Services LLC, located at 1 Penn Plaza, Suite 4500, New York, New York 10119
The Additional Deposit shall be deposited into the same escrow account at Prestige Escrow Services LLC
Interest earned on the deposits shall follow the deposits — that is, interest will be paid to whichever party is entitled to receive the deposit upon disbursement from escrow
The LOI further provides that during the Due Diligence Period, if the Buyer elects to terminate the PSA in its sole and absolute discretion (the "free look" right described below), the Initial Deposit shall be returned to Buyer in full, together with all accrued interest
Closing Mechanics The LOI contemplates that the closing of the acquisition shall occur on or before June 30, 2026, with an outside closing date of July 31, 2026