0001065949-20-000157.txt : 20201118 0001065949-20-000157.hdr.sgml : 20201118 20201118144100 ACCESSION NUMBER: 0001065949-20-000157 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20201118 DATE AS OF CHANGE: 20201118 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: STRATUS CAPITAL CORP CENTRAL INDEX KEY: 0001761540 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 831161556 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-91837 FILM NUMBER: 201324418 BUSINESS ADDRESS: STREET 1: 8480 EAST ORCHARD ROAD, SUITE 1100 CITY: GREENWOOD VILAGE STATE: CO ZIP: 80111 BUSINESS PHONE: (720) 214-5000 MAIL ADDRESS: STREET 1: 8480 EAST ORCHARD ROAD, SUITE 1100 CITY: GREENWOOD VILAGE STATE: CO ZIP: 80111 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GONZALEZ PETER C CENTRAL INDEX KEY: 0001134054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D MAIL ADDRESS: STREET 1: 1050 17TH STREET STREET 2: SUITE 195 CITY: DENVER STATE: CO ZIP: 80265 SC 13D 1 gonzalezsch13d.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D

Under the Securities Exchange Act of 1934

Stratus Capital Corp.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

8631-54100

(CUSIP Number)

 

Pedro C. Gonzalez

8480 East Orchard Road, Suite 1100

Greenwood Village, CO 80111

(720) 214-5000

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

October 28, 2020

(Date of Event which Requires Filing of this Statement)  

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D/A, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

The information required on the remainder of this cover page shall not be deemed to “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (the “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.

 

 

 
 

 

 

     
CUSIP No. 8631-54100   Page 2 of 5

 

             
  1   

NAMES OF REPORTING PERSONS

 

Pedro C. Gonzalez

  2  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ¨        (b)  ¨

 

  3  

SEC USE ONLY

 

  4  

SOURCE OF FUNDS

 

OO

  5  

CHECK IF DISCLOSURES OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)

 

¨

  6  

CITIZENSHIP OR PLACE OF ORGANIZATION

 

UNITED STATES OF AMERICA

NUMBER OF

SHARES

  BENEFICIALLY  

OWNED BY

EACH

REPORTING

PERSON

WITH

 

    7   

SOLE VOTING POWER

 10,947,130 Common Shares *

1,000,000 Series A Preferred Shares *

    8  

SHARED VOTING POWER

  0

    9  

SOLE DISPOSITIVE POWER

 10,947,130 Common Shares *

1,000,000 Series A Preferred Shares *

  10  

SHARED DISPOSITIVE POWER

 0

11  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

 

10,947,130 Common Shares *

1,000,000 Series A Preferred Shares *

 

12  

CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

 

¨

13  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)

10,947,130 Common Shares / 50.86%*

1,000,000 Series A Preferred Shares / 100%*

 

14  

TYPE OF REPORTING PERSON

 

IN

 

*Willamette Group Trust holds 8,110,146 shares of common stock (37.68%) and 1,000,000 shares of preferred stock (100%); Mr. Gonzalez holds 2,836,984 shares of common stock (13.18%) and zero shares of preferred stock (0%) and as Trustee of Willamette Group Trust beneficially owns 10,947,130 shares of common stock (50.86%) and 1,000,000 shares of preferred stock (100%) with the Willamette Group Trust holdings included.

 

 
 

 

 

     
CUSIP No. 8631-54100   Page 3 of 5

 

Item 1. Security and Issuer.

The class of securities to which this statement relates is the common stock of Stratus Capital Corp., a Delaware corporation (the “Issuer”), with a par value of $0.0001 (the “Shares”). The address of the principal executive office of the Issuer is 8480 E. Orchard Road, Suite 1100, Greenwood Village, CO 80111.

Item 2. Identity and Background.

 

  (a) Name: Pedro C. Gonzalez (the “Reporting Person”).

 

  (b) Business address: 8480 E. Orchard Road, Suite 1100, Greenwood Village, CO 80111

 

  (c)

Present principal employment: The Reporting Person, Mr. Pedro C. Gonzalez, age 46, is Chief Executive Officer, President and Chairman of the Board (since October 25, 2020) and Chief Financial Officer, Secretary and Director of the Issuer (since June 28, 2018).

Mr. Gonzalez was Director, Secretary and Chief Financial Officer of Ashcroft, predecessor and successor since 2003, and became Director, Secretary and Chief Financial Officer of Stratus Capital Corporation upon the reorganization of Ashcroft into a holding company. Mr. Gonzalez’s responsibilities include operations oversight, compliance, reporting and key metric management for our business operations.  Prior to joining the Company Mr. Gonzalez has held management positions with private equity, public institutional REIT’s, homebuilding and asset management organizations since 2002.  Mr. Gonzalez’s focus on portfolio growth, management and disposition on a national basis to provide operational stability and financial growth for our shareholders and stakeholders. Simultaneous with Ashcroft management Mr. Gonzalez has been the General Partner for Allegiance Group, LP since 2008 to current, Allegiance Group is an opportunity fund with focus in real estate and lending.

 

  (d) During the last five (5) years, the Reporting Person has not been convicted in a criminal proceeding (excluding traffic violations or similar misdemeanors).

 

  (e) During the last five (5) years, the Reporting Person has not been a party to a civil proceeding of a judicial or administrative body of competent jurisdiction as a result of which they are subject to a judgment, decree or final order enjoining final violations of, or prohibiting or mandating activities subject to federal or state securities laws or finding any violation with respect to such laws.

 

  (f) The Reporting Person is a citizen of the United States.

 

Item 3. Source and Amount of Funds or Other Consideration.

 

The information set forth in Items 4 and 5 of this Schedule 13D are hereby incorporated by reference into this Item 3.

 

 

 

 
 

 

 

     
CUSIP No. 8631-54100   Page 4 of 5

 

Item 4. Purpose of Transaction.

 

The Reporting Person is filing this Schedule 13D to report transactions from June 2018 until the current date of this report as follows:

 

Effective from the date of the Company's inception June 28, 2018, the shareholders of a Colorado corporation Ashcroft Homes Corporation (redomiciled to Delaware by merging with its wholly-owned subsidiary, Ashcroft Homes Merger Co. (“ASHMC”), effective on June 15, 2018) were converted, by the holding company reorganization, under the Agreement and Plan of Merger and Reorganization, to shareholders of Stratus Capital on a one for one (1-for-1) basis pursuant to the Agreement and the Delaware Statute Sec. 251(g). As a result of the Holding Company Reorganization, shareholders in publicly quoted ASHMC (formerly the shareholders of Ashcroft Homes Corporation as of the date of the reorganization) became shareholders in the publicly quoted Stratus Capital. Pedro Gonzalez (1,336,984) was an original shareholder of Ashcroft Homes Corporation that received shares of Stratus Capital Corp. in exchange.

 

Effective September 30, 2018, Stratus Capital Corp. issued 1,500,000 shares of common stock as compensation (valued at $82,500) to Mr. Gonzalez as a director and officer of the Issuer.

 

On October 28, 2020, Mr. Richard Dean and his wife Reagan Dean entered into a Securities Purchase Agreement with Willamette Group Trust, of which Mr. Pedro Gonzalez is Trustee, and agreed to sell a majority of their shares (5,971,330 and 2,017,271 common shares owned by Richard Dean and Reagan Dean, respectively, and 675,000 and 325,000 preferred shares owned by Richard Dean and Reagan Dean, respectively) to Willamette Group Trust. Pursuant to the agreement, Mr. Dean will retain 1,000,000 common shares of the Company. Additionally, Mr. Gonzalez agreed to personally guarantee the existing promissory note between the Deans and the Company, with an anticipated repayment date of March 31, 2021.

 

As a result of the transaction, Mr. Dean holds 1,000,000 shares of common stock (4.65%) and zero shares of preferred stock; Willamette Group Trust holds 8,110,146 shares of common stock (37.68%) and 1,000,000 shares of preferred stock (100%); Mr. Gonzalez holds 2,836,984 shares of common stock (13.18%) and zero shares of preferred stock (0%) and beneficially owns 10,947,130 shares of common stock (50.86%) and 1,000,000 shares of preferred stock (100%) with the Willamette Group Trust holdings included. Willamette Group Trust acquired the shares for $75,000 in cash, due January 15, 2021 and $75,000 in an 8% secured promissory note due March 31, 2021, with the securities pledged as collateral. As additional consideration, Mr. Gonzalez agreed to personally guarantee the existing promissory note between the Deans and the Company, with an anticipated repayment date of March 31, 2021.

 

In connection with the transaction, Mr. Dean resigned as Chief Executive Officer, President and Chairman of the Board, effective October 25, 2020, but will remain a Director; Mr. Gonzalez was appointed to fill the role of Chief Executive Officer. The Company has appointed Mary Helen Cobb and John L. Page as Executive Vice-Presidents and officers of the Company effective December 1, 2020.

 

The Securities Purchase Agreement is attached as Exhibit 10.1.

 

Mr. Gonzalez acquired the shares of stock reported in this Schedule 13D for investment purposes. He may in the future acquire additional shares of stock or dispose of some or all of the shares of stock held by him in open-market transactions or privately negotiated transactions, on such terms and at such times as he may deem advisable, subject to applicable law.

 

Other than as described herein, Mr. Gonzalez does not have any present plans or proposals that would result in any of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. He reserves the right in the future to formulate any such plans or proposals, and to take any actions with respect to his investment in the Company, including any or all of the actions described in paragraphs (a) through (j) of Item 4 of Schedule 13D. 

 

 
 

 

 

     
CUSIP No. 8631-54100   Page 5 of 5

 

 

Item 5. Interest in Securities of the Issuer.

 

  (a) The Reporting Person indirectly has beneficial ownership of 10,947,130 Common Shares (50.86%) and 1,000,000 Series A Preferred Shares (100%) of the issued and outstanding shares as of the date of this Schedule 13D as Trustee of Willamette Group Trust.

 

  (b)

The Reporting Person has sole power to vote and dispose of 10,947,130 shares of common stock (50.86%) and 1,000,000 shares of preferred stock (100%) with the Willamette Group Trust holdings included as of the date of this Schedule 13D. Willamette Group Trust, of which Mr. Gonzalez is Trustee, holds 8,110,146 shares of common stock (37.68%) and 1,000,000 shares of preferred stock (100%); Mr. Gonzalez holds 2,836,984 shares of common stock (13.18%) and zero shares of preferred stock (0%).

 

 

  (c)

Other than the transactions referred to below, (i) the Reporting Person or, (ii) to the Reporting Persons’ knowledge, the person set forth hereto has not effected any transaction in the Common Stock during the past 60 days.

 

On October 28, 2020, Willamette Group Trust, beneficially Pedro C. Gonzalez as Trustee, entered into a Securities Purchase Agreement (“Purchase Agreement”) to purchase from Mr. Richard Dean, former CEO, President and Chairman of the Board, and his wife, Reagan, 7,988,601 of their outstanding common shares and 1,000,000 of their preferred shares of Stratus Capital Corp. (5,971,330 and 2,017,271 common shares owned by Richard Dean and Reagan Dean, respectively, and 675,000 and 325,000 preferred shares owned by Richard Dean and Reagan Dean, respectively).

 

  (d) No persons other than Mr. Gonzalez individually and as Trustee of Willamette Group Trust are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, any shares reported on this Schedule 13D.

 

  (e) Not applicable.

  

Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.

 

To the best of his knowledge, except as provided herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between Mr. Gonzalez and any other person or entities with respect to any securities of the Issuer.

 

In addition, the information set forth in Items 4 and 5 of this Schedule 13D is incorporated by reference in its entirety into this Item 6.

 

Item 7. Material to be Filed as Exhibits.

 

The following are filed as exhibits to the Schedule 13D:

 

Exhibit Description
10.1 Securities Purchase Agreement between Richard and Reagan Dean and Willamette Group Trust (beneficially Pedro C. Gonzalez as Trustee)

 

 

 

 

 
 

 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: November 11, 2020

 

 

 
/s/ Pedro C. Gonzalez
Pedro C. Gonzalez

 

EX-10.1 2 ex10_1.htm

EXHIBIT 10.1 

 

SECURITIES PURCHASE AGREEMENT

This Purchase Agreement (“Agreement”), dated as of October 28, 2020, among Richard and Reagan Dean, (together, the “Seller”), and Willamette Group Trust (“WGT”). This agreement supersedes any prior agreements or understandings.

W I T N E S S E T H:

A.                 WHEREAS, the Seller owns 8,988,601 common shares and 1,000,000 preferred shares of Stratus Capital Corp. (“SRUS” or the “Company”).

B.                 WHEREAS, WGT wishes to purchase 7,988,601 of the outstanding common shares and 1,000,000 of the preferred shares of SRUS (the “Purchase Shares”) owned by the Seller (5,971,330 and 2,017,271 common shares owned by Richard Dean and Reagan Dean, respectively, and 675,000 and 325,000 preferred shares owned by Richard Dean and Reagan Dean, respectively), and the Seller desires to sell the Purchase Shares to WGT. Richard Dean will retain 1,000,000 common shares after the completion of the transaction contemplated herein.

C.                 Both WGT and Seller are aware that the Company’s stock is quoted with a symbol of SRUS and that the shares are very thinly traded and at a nominal price. Both WGT and Seller, are aware that it is extremely difficult to deposit stocks under $5.00 per share with broker-dealers, that there may be substantial costs in depositing such stock, that legal opinions may be required and add to the costs, that there may be transfer fees, that commissions can be expected to be considerably higher on these transactions than on transactions of listed securities traded through firms such as Charles Schwab, Ameritrade, etc., and that it is possible a certificate can be reject and never get deposited.

D.                 Both WGT and Seller are aware that the Company has had a history of no revenue as a company and is exploring ways to increase its value which could include expanded internal operations, developing operating subsidiaries, finding a merger opportunity, or other methods which might help it with increased values. Both parties also acknowledge that if revenue increased or book value or other values increased, that may or may not be reflected in the price the stock trades at; that is, the stock could trade higher or lower than it currently trades.

E.                  The Seller acknowledges that they are waiving the opportunity for the stock appreciation in the future, by selling these shares now, and as a condition of this purchase and accepting the payment, is waiving any rights to any future value or to allege damages, and covenants not to sue the WGT, as a material inducement to enter into this agreement.

NOW, THEREFORE, it is agreed among the parties as follows:

 

 

1 
 

 

ARTICLE I

 

THE CONSIDERATION

1.1 Subject to the conditions set forth herein:

 

(a)WGT shall deliver to Seller the Consideration of $150,000.00 USD in (i) cash of $75,000 to be paid by January 15, 2021, and (ii) a secured promissory note bearing interest at eight percent (8%) for the balance of $75,000 to be paid by March 31, 2021, which is deemed full consideration for this Purchase Agreement. The secured promissory note will also be delivered with a Pledge and Security Agreement.
(b)Seller shall deliver to WGT an aggregate of 7,988,601 common shares and 1,000,000 preferred shares of SRUS from Seller.
(c)Simultaneous to this Purchase Agreement, a promissory note of approximately $150,000.00 USD will be given to the Seller by the Company (the “Company Note”) and will be personally guaranteed by Pedro C. Gonzalez with a maturity date of March 31, 2021.

ARTICLE II

 

CLOSING AND CONVEYANCE OF SHARES

2.1 The Purchase Shares shall be delivered by Seller to WGT, concurrent with the delivery of the initial cash purchase price set forth hereinabove.

 

2.2 All parties agree that time is of the essence and agree that Closing Date shall occur upon delivery of the secured promissory note for $75,000, the cash payment of $75,000, and delivery of the Purchase Shares.

 

ARTICLE III

 

REPRESENTATIONS, WARRANTIES, AND COVENANTS OF SELLER AS TO SRUS

Seller hereby represents, warrants and covenants to WGT as follows:

3.1 SRUS is a corporation duly organized and validly existing under the laws of the State of Delaware.

3.2 The Seller owns the Purchase Shares that the Seller is conveying pursuant to this Agreement beneficially and of record, free and clear of any lien, pledge, security share or other encumbrance, and, upon payment for the Purchase Shares as provided in this Agreement, WGT will acquire good and valid title to the Purchase Shares, free and clear of any lien, pledge, security

2 
 

share or other encumbrance. None of the Purchase Shares are the subject of any voting trust agreement or other agreement relating to the voting thereof or restricting in any way the sale or transfer thereof except for this Agreement. The Seller has full right and authority to transfer such Purchase Shares pursuant to the terms of this Agreement.

3.3 This Agreement has been duly authorized, validly executed and delivered on behalf of the Seller and is a valid and binding agreement and obligation of Seller enforceable against the parties in accordance with its terms, subject to limitations on enforcement by general principles of equity and by bankruptcy or other laws affecting the enforcement of creditors’ rights generally, and Seller has complete and unlimited power to enter into and to consummate the transactions contemplated by this Agreement.

 

3.3 Neither the making of nor the compliance with the terms and provisions of this Agreement and consummation of the transactions contemplated herein by Seller will conflict with or result in a breach or violation of any law, statute, rule, regulation, or any existing applicable decree, judgment or order by any court, federal or state regulatory body, administrative agency, or other governmental body having jurisdiction over SRUS or Seller.

3.6 The representations and warranties of seller shall be true and correct as of the date hereof. Other than as contained in this Agreement, Seller makes no representations or warranties whatsoever to WGT as to any matter relating to SRUS finances, stock, debts, or any other obligations.

3.7 No representation or warranty by the Seller in this Agreement, or any certificate delivered pursuant hereto contains any untrue statement of a material fact or omits to state any material fact necessary to make such representation or warranty not misleading.

3.8 WGT has not received any general solicitation or general advertising regarding the shares of Seller’s common stock.

 

ARTICLE IV

 

REPRESENTATIONS, WARRANTIES, AND COVENANTS OF WGT

4.1 WGT understands that the Purchase Shares have not been registered with the Securities and Exchange Commission, any state securities agency or any foreign securities agency, and further, which has not been approved or disapproved by the Securities and Exchange Commission, any state securities agency or any foreign securities agency.

 

4.2 WGT is acquiring the Purchase Shares solely for retirement to treasury and not with a view to, or for, resale in connection with any distribution within the meaning of any federal securities act, state securities act or any other applicable federal or state laws

 

3 
 

4.3 WGT understands the speculative nature and risks of investments associated with the Purchase Shares, and confirms that the Purchase Shares are suitable for and consistent with WGT's investment program; that WGT’s financial position enables it to bear the risks of this investment; and that there is no guarantee WGT will be able to sell the Purchase Shares to another subsequent buyer.

4.4 WGT affirms that it will not transfer, encumber, sell, hypothecate, or otherwise dispose of the Purchase Shares in any way that will violate any federal and/or state securities laws.

 

4.5 WGT is an existing shareholder beneficially owned by Pedro C. Gonzalez, the Chief Financial Officer of the Company, and as such has sufficient knowledge and experience in financial matters to evaluate the risks associated with WGT’s willing purchase of the Purchase Shares, and WGT considers itself to be a sophisticated and knowledgeable purchaser, having extensive experience in investing in small and micro-cap securities..

 

4.6 WGT is not a member of, or an associate or affiliate of a member of the Financial Industry Regulatory Authority.

 

ARTICLE V

PROCEDURE FOR CLOSING

 

5.1 At the Closing Date, the purchase and sale shall be consummated after satisfaction of all conditions precedent set forth in Article VI, by Seller’s assignment for the Purchase Shares being delivered, duly executed, for the 7,988,601 common shares and 1,000,000 preferred shares of SRUS, and the delivery of the Consideration for Purchase to the Seller together with delivery of all other items, agreements, stock powers, warranties, and representations set forth in this Agreement.

 

 

ARTICLE VI

CONDITIONS PRECEDENT TO THE CONSUMMATION OF THE PURCHASE

 

The following are conditions precedent to the consummation of the Agreement on execution hereof or before the Closing Date, as may be applicable:

 

6.1 Seller shall have performed and complied with all of its respective obligations hereunder which are to be complied with or performed on or before the Closing Date.

 

6.2 No action, suit or proceeding shall have been instituted or shall have been threatened before any court or other governmental body or by any public authority to restrain, enjoin or prohibit the transactions contemplated herein, or which might subject any of the parties hereto or

4 
 

their directors or officers to any material liability, fine, forfeiture or penalty on the grounds that the transactions contemplated hereby, the parties hereto or their directors or officers, have violated any applicable law or regulation or have otherwise acted improperly in connection with the transactions contemplated hereby, and the parties hereto have been advised by counsel that, in the opinion of such counsel, such action, suit or proceeding raises substantial questions of law or fact which could reasonably be decided adversely to any party hereto or its directors or officers.

 

6.3 All documents necessary to complete this sale shall have been deposited into escrow, and the consideration delivered.

 

 

ARTICLE VII

 

TERMINATION AND ABANDONMENT

 

7.1 Anything contained in this Agreement to the contrary notwithstanding, the Agreement may be terminated at any time prior to or on the Closing Date:

 

 

(a)By mutual consent of parties;

 

(b)By WGT, if any condition relating to the Seller has not been met;

 

(c)By Seller or WGT, if any suit, action, or other proceeding shall be pending or threatened by the federal or a state government before any court or governmental agency, in which it is sought to restrain, prohibit, or otherwise affect the consummation of the transactions contemplated hereby.

 

(d)By WGT, if there is discovered any material error, misstatement or omission in the representations and warranties of Seller.

 

(e)By the Seller, if the Closing does not occur, through no failure to perform or act by Seller, on or before January 15, 2021.

 

ARTICLE VIII

 

CONTINUING REPRESENTATIONS AND WARRANTIES AND COVENANTS

 

8.1 The respective representations, warranties, and covenants of the parties hereto and the covenants and agreements of the parties hereto shall survive after the closing under this Agreement in accordance with the terms thereof.

 

8.2 There are no representations whatsoever about any matter relating to SRUS, Seller or any item contained in this Agreement, except as is contained in the express language of this Agreement.

5 
 

 

8.3 Seller and its agents and attorneys shall have no liability whatsoever for any matter, omission or representation not specifically disclosed herein, and WGT, as a specific inducement to Seller hereby releases Seller and his agents and attorneys and covenants not to sue Seller, his agents and attorneys, under any circumstances for any matter not specifically and expressly represented within this document.

 

8.4 Seller fully waives and releases any rights to the shares being sold hereby or to claim damages for lack of information from WGT or the Company, and covenants not to sue WGT or the Company for any reason relating to the Company, or the shares purchased hereby, or the disclosure of information herein or otherwise in the market, or not.

 

ARTICLE IX

 

MISCELLANEOUS

9.1 This Agreement embodies the entire agreement between the parties, and, other than the corresponding Settlement Agreement and Mutual Release, there have been and are no agreements, representations or warranties among the parties other than those set forth herein or those provided for herein.

9.2 To facilitate the execution of this Agreement, any number of counterparts hereof may be executed, and each such counterpart shall be deemed to be an original instrument, but all such counterparts together shall constitute but one instrument.

9.3 This Agreement may not be amended except by written consent of both parties.

 

9.4 Any notices, requests, or other communications required or permitted hereunder shall be delivered personally or sent by overnight courier service, prepaid, addressed as follows:

 

To Seller: Richard and Reagan Dean
  1842 Montane Drive
  Golden CO 80401

 

 

 
To Buyer: Willamette Group Trust
 

c/o Pete Gonzalez

9227 Lincoln Avenue, #425

  Lone Tree CO 80124
   

 

or such other addresses as shall be furnished in writing by any party, and any such notice or communication shall be deemed to have been given as of the date received.

 

6 
 

9.5 Further Assurances. The Parties agree to execute and deliver such documents and to perform such other acts, promptly upon request, as any other party hereto requests and which are, in the requesting party’s reasonable judgment, necessary or appropriate to effectuate the purposes of this Agreement.

9.6 Adequate Consideration. This Agreement is fully supported by mutual full, fair, adequate and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and which considerations are contained in the provisions hereof in the individual paragraphs.

9.7 Headings. The headings contained in this Agreement are for convenience and reference purposes only, and shall not in any way be construed as effecting the meaning or interpretation of the text of this Agreement.

9.8 Opportunity to Consult With Legal Counsel. The Parties acknowledge they have had a full and fair opportunity to consult with legal counsel of their own choosing throughout all negotiations which preceded the execution of this Agreement, and in connection with their execution of this Agreement.

9.9 Modified Only in Writing. This Agreement may only be modified by express written agreement of the Parties.

9.10 Severability. Every provision of this Agreement is intended to be severable. Accordingly, should any provision be declared illegal, invalid, or otherwise unenforceable by a court of competent jurisdiction, such illegality, invalidity, or unenforceability shall not effect the remaining provisions, which shall remain fully valid, binding, and enforceable.

9.11 No Drafting Party. No party shall be deemed the “drafting party” of this Agreement. Consequently, this Agreement shall be construed as a whole, according to its fair meaning and intent, and not strictly for or against any party hereto.

9.12 Applicable Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Colorado.

9.13 Binding Agreement/Successors and Assigns. This Agreement shall be binding upon and inure to the benefit of the Parties, as well as their respective successors, representatives, and assigns.

9.14 Authority/Capacity/Entities. Each person signing this Agreement represents and warrants that he or she has complete authority and legal capacity to enter into this Agreement on behalf of the entity for which he or she is signing, and agrees to defend, indemnify, and hold harmless all other parties if that authority or capacity is challenged.

9.15 Knowing and Voluntary Agreement. The Parties represent they have read this Agreement, understand it, voluntarily agree to its terms, and sign it freely.

9.16 Parties to Bear Their Own Fees and Costs. The Parties shall each be responsible for and pay all of their own fees and costs, including but not limited to all attorneys’ fees.

 

7 
 

 

 

[SIGNATURE PAGE FOLLOWS]

8 
 

IN WITNESS WHEREOF, the parties have executed this Agreement this 28th day of October 2020.

 

 

SELLER BUYER
   
Richard Dean Willamette Group Trust
/s/ Richard Dean /s/Pedro C. Gonzalez
  By: Pedro Gonzalez, TTEE
Reagan Dean  
/s/ Reagan Dean  
   

 

 

 

 

 

9