GWG Holdings, Inc. (NASDAQ:GWGH) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01
(d) Exhibits.
| 10.1 | Promissory Note dated May 31, 2019 made by and on behalf of certain LiquidTrust Borrowers † |
| 10.2 | Intercreditor Agreement dated May 31, 2019 between the GWG Life and HCLP Nominees, L.L.C. |
| 10.3 | Intercreditor Agreement dated May 31, 2019 between the GWG Life Beneficient Holdings, Inc. |
| † | Certain information has been excluded from this exhibit because it both is not material and would likely cause competitive harm to the registrant if publicly disclosed. |
GWG Holdings, Inc. Exhibit
EX-10.1 2 f8k053119ex10-1_gwghold.htm PROMISSORYNOTE DATED MAY 31,…
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About GWG Holdings, Inc. (NASDAQ:GWGH)
GWG Holdings, Inc. is a specialty finance company. The Company is a financial purchaser of life insurance assets in the secondary market. The Company creates opportunities for consumers owning life insurance to obtain value for their policies as compared to the traditional options offered by insurance companies. The Company also creates opportunities for investors to participate in alternative asset classes, such as life insurance, not correlated to traditional financial markets. The Company conducts its life insurance related business through its subsidiary, GWG Life, LLC. It generally purchases life insurance assets directly from policy owners having purchased their life insurance in the primary market. Its operational platform offers various options to customers based on the market value of their life insurance, including selling the entire policy benefit for cash, or selling a portion of the policy benefit and retaining a portion of the benefit with no future premium obligation.
