EMERGENT CAPITAL,INC. (NYSE:EMG) Files An 8-K Termination of a Material Definitive AgreementItem 1.02 Termination of a Material Definitive Agreement.
On July10, 2018, Emergent Capital,Inc. (the “Company”), SB Holdings,Inc. (“Holdings”) and Sherman, Clay& Co. (“Sherman, Clay” and, with the Company and Holdings, the “Parties”) entered into a letter agreement (the “Letter”) terminating the Stock Purchase Agreement (the “Agreement”), dated as of January22, 2018, by and among the Parties, to which the Company had agreed to purchase all of the issued and outstanding capital stock of Sherman, Clay from Holdings. The termination was effected by mutual written consent of the Parties to Section7.01 of the Agreement, without any liability, obligation or penalty incurred by any Party.
A copy of the Letter is attached hereto as Exhibit10.1. The foregoing description of the Letter is qualified in its entirety by reference to such document, which is filed as Exhibit10.1 to this Form8-K and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d)Exhibits. EXHIBITINDEX