Item 1.02 Termination of a Material Definitive Agreement.
On
In connection with the Termination Agreement, the Company has paid to AAMC the
remainder of the aggregate amount of the termination fee, consisting of
In addition, in connection with the internalization, the Company acquired the
equity interests of AAMC's Indian subsidiary, the equity interests of AAMC's
Pursuant to the terms of the Termination Agreement, the parties have agreed to release each other from all claims and actions arising out of or related to the AMA.
The description of the Termination Agreement set forth above does not purport to
be complete and is subject to and qualified in its entirety by reference to the
Termination Agreement, which was filed by the Company as Exhibit 10.1 to the
Company's Current Report on Form 8-K filed on
Item 3.02 Unregistered Sales of
The information set forth in Item 1.02 hereof is incorporated herein by reference.
The Company is offering the Common Stock to AAMC in reliance on exemptions from
registration provided under Section 4(a)(2) of the Securities Act of 1933, as
amended, and the rules and regulations promulgated thereunder. AAMC is a public
company listed on the
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
The information set forth in Item 1.02 hereof is incorporated herein by reference.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits. Exhibit No. Description 2.1 Termination and Transition Agreement, dated as ofAugust 13, 2020 , by and amongFront Yard Residential Corporation ,Front Yard Residential, L.P. and Altisource Asset Management Corporation (incorporated herein by reference to Exhibit 10.1 to the Current Report on Form 8-K filed by the Company onAugust 14, 2020 ). 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
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