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1847 Holdings LLC – ‘10-K’ for 12/31/22 – ‘EX-10.27’

On:  Tuesday, 4/11/23, at 6:32am ET   ·   For:  12/31/22   ·   Accession #:  1213900-23-28686   ·   File #:  1-41368

Previous ‘10-K’:  ‘10-K’ on 3/31/22 for 12/31/21   ·   Next & Latest:  ‘10-K’ on 4/25/24 for 12/31/23   ·   39 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/11/23  1847 Holdings LLC                 10-K       12/31/22  108:11M                                    EdgarAgents LLC/FA

Annual Report   —   Form 10-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML   2.58M 
 2: EX-4.1      Description of Securities of 1847 Holdings LLC      HTML     99K 
 3: EX-10.27    Letter Agreement, Dated April 6, 2023, Between      HTML     35K 
                Asien Inc. and Joerg Christian Wilhelmsen and                    
                Susan Kay Wilhelmsen, as Trustees of the                         
                Wilhelmsen Family Trust, U/D/T Dated May 1, 1992                 
 4: EX-14.1     Code of Business Ethics and Conduct                 HTML     43K 
 5: EX-19.1     Insider Trading Policy                              HTML     75K 
 6: EX-21.1     List of Subsidiaries of the Registrant              HTML     30K 
 7: EX-31.1     Certification -- §302 - SOA'02                      HTML     32K 
 8: EX-31.2     Certification -- §302 - SOA'02                      HTML     32K 
 9: EX-32.1     Certification -- §906 - SOA'02                      HTML     29K 
10: EX-32.2     Certification -- §906 - SOA'02                      HTML     29K 
16: R1          Document And Entity Information                     HTML     97K 
17: R2          Consolidated Balance Sheets                         HTML    167K 
18: R3          Consolidated Balance Sheets (Parentheticals)        HTML     54K 
19: R4          Consolidated Statements of Operations               HTML    177K 
20: R5          Consolidated Statements of Shareholders? Equity     HTML    125K 
                (Deficit)                                                        
21: R6          Consolidated Statements of Cash Flows               HTML    200K 
22: R7          Organization and Nature of Business                 HTML     36K 
23: R8          Summary of Significant Accounting Policies          HTML     95K 
24: R9          Disaggregation of Revenues and Segment Reporting    HTML    106K 
25: R10         Discontinued Operations                             HTML     64K 
26: R11         Receivables                                         HTML     39K 
27: R12         Inventories                                         HTML     38K 
28: R13         Property and Equipment                              HTML     40K 
29: R14         Intangible Assets                                   HTML     43K 
30: R15         Accounts Payable and Accrued Expenses               HTML     39K 
31: R16         Leases                                              HTML     56K 
32: R17         Business Combinations                               HTML     75K 
33: R18         Notes Payable                                       HTML     50K 
34: R19         Note Payable - Related Party                        HTML     31K 
35: R20         Convertible Promissory Notes                        HTML     46K 
36: R21         Related Parties                                     HTML     40K 
37: R22         Convertible Preferred Shares                        HTML     69K 
38: R23         Shareholders? Equity (Deficit)                      HTML     65K 
39: R24         Earnings (Loss) Per Share                           HTML     37K 
40: R25         Income Taxes                                        HTML     72K 
41: R26         Subsequent Events                                   HTML     50K 
42: R27         Accounting Policies, by Policy (Policies)           HTML    152K 
43: R28         Summary of Significant Accounting Policies          HTML     38K 
                (Tables)                                                         
44: R29         Disaggregation of Revenues and Segment Reporting    HTML    107K 
                (Tables)                                                         
45: R30         Discontinued Operations (Tables)                    HTML     66K 
46: R31         Receivables (Tables)                                HTML     38K 
47: R32         Inventories (Tables)                                HTML     38K 
48: R33         Property and Equipment (Tables)                     HTML     38K 
49: R34         Intangible Assets (Tables)                          HTML     44K 
50: R35         Accounts Payable and Accrued Expenses (Tables)      HTML     38K 
51: R36         Leases (Tables)                                     HTML     53K 
52: R37         Business Combinations (Tables)                      HTML     69K 
53: R38         Notes Payable (Tables)                              HTML     42K 
54: R39         Convertible Promissory Notes (Tables)               HTML     35K 
55: R40         Shareholders? Equity (Deficit) (Tables)             HTML     38K 
56: R41         Earnings (Loss) Per Share (Tables)                  HTML     35K 
57: R42         Income Taxes (Tables)                               HTML     73K 
58: R43         Organization and Nature of Business (Details)       HTML     47K 
59: R44         Summary of Significant Accounting Policies          HTML     47K 
                (Details)                                                        
60: R45         Summary of Significant Accounting Policies          HTML     41K 
                (Details) - Schedule of property and equipment                   
                useful lives                                                     
61: R46         Summary of Significant Accounting Policies          HTML     43K 
                (Details) - Schedule of identifiable intangible                  
                assets                                                           
62: R47         Disaggregation of Revenues and Segment Reporting    HTML     30K 
                (Details)                                                        
63: R48         Disaggregation of Revenues and Segment Reporting    HTML     73K 
                (Details) - Schedule of business segments                        
64: R49         Disaggregation of Revenues and Segment Reporting    HTML     73K 
                (Details) - Schedule of segment information                      
65: R50         Discontinued Operations (Details)                   HTML     32K 
66: R51         Discontinued Operations (Details) - Schedule of     HTML     73K 
                consolidated statements of operations from                       
                discontinued operations                                          
67: R52         Discontinued Operations (Details) - Schedule of     HTML     68K 
                consolidated statements of cash flows relating to                
                discontinued operations                                          
68: R53         Receivables (Details) - Schedule of receivables     HTML     41K 
69: R54         Inventories (Details) - Schedule of inventories     HTML     41K 
70: R55         Property and Equipment (Details)                    HTML     30K 
71: R56         Property and Equipment (Details) - Schedule of      HTML     45K 
                property and equipment                                           
72: R57         Intangible Assets (Details)                         HTML     29K 
73: R58         Intangible Assets (Details) - Schedule of           HTML     42K 
                intangible assets                                                
74: R59         Intangible Assets (Details) - Schedule of           HTML     43K 
                estimated annual amortization expense                            
75: R60         Accounts Payable and Accrued Expenses (Details)     HTML     37K 
76: R61         Accounts Payable and Accrued Expenses (Details) -   HTML     44K 
                Schedule of accounts payable and accrued expenses                
77: R62         Leases (Details)                                    HTML     61K 
78: R63         Leases (Details) - Schedule of consolidated         HTML     40K 
                balance sheets                                                   
79: R64         Leases (Details) - Schedule of operating lease      HTML     48K 
                liabilities                                                      
80: R65         Leases (Details) - Schedule of financing lease      HTML     46K 
                liabilities                                                      
81: R66         Business Combinations (Details)                     HTML     74K 
82: R67         Business Combinations (Details) - Schedule of wolo  HTML     65K 
                acquisition                                                      
83: R68         Business Combinations (Details) - Schedule of H&I   HTML     74K 
                Acquisition                                                      
84: R69         Business Combinations (Details) - Schedule of       HTML     43K 
                effect to pro forma events                                       
85: R70         Notes Payable (Details)                             HTML     92K 
86: R71         Notes Payable (Details) - Schedule of notes         HTML     35K 
                payable                                                          
87: R72         Notes Payable (Details) - Schedule of payments due  HTML     42K 
                on notes payable and financing leases for the                    
                succeeding five years                                            
88: R73         Note Payable - Related Party (Details)              HTML     42K 
89: R74         Convertible Promissory Notes (Details)              HTML     81K 
90: R75         Convertible Promissory Notes (Details) - Schedule   HTML     40K 
                of convertible notes payable                                     
91: R76         Related Parties (Details)                           HTML     59K 
92: R77         Convertible Preferred Shares (Details)              HTML    139K 
93: R78         Shareholders? Equity (Deficit) (Details)            HTML    189K 
94: R79         Shareholders? Equity (Deficit) (Details) -          HTML     53K 
                Schedule of options                                              
95: R80         Earnings (Loss) Per Share (Details)                 HTML     31K 
96: R81         Earnings (Loss) Per Share (Details) - Schedule of   HTML     38K 
                weighted average shares outstanding and the basic                
                and diluted loss per common share                                
97: R82         Earnings (Loss) Per Share (Details) - Schedule of   HTML     30K 
                weighted average shares outstanding and the basic                
                and diluted loss per common share (Parentheticals)               
98: R83         Income Taxes (Details)                              HTML     40K 
99: R84         Income Taxes (Details) - Schedule of provision of   HTML     35K 
                income taxes                                                     
100: R85         Income Taxes (Details) - Schedule of                HTML     45K  
                reconciliation of the statutory US federal income                
                tax rate                                                         
101: R86         Income Taxes (Details) - Schedule of major          HTML     53K  
                components of deferred tax assets and liabilities                
102: R87         Income Taxes (Details) - Schedule of prepaid and    HTML     34K  
                deferred tax assets and liabilities                              
103: R88         Subsequent Events (Details)                         HTML    145K  
106: XML         IDEA XML File -- Filing Summary                      XML    201K  
104: XML         XBRL Instance -- f10k2022_1847hold_htm               XML   1.97M  
105: EXCEL       IDEA Workbook of Financial Reports                  XLSX    226K  
12: EX-101.CAL  XBRL Calculations -- efsh-20221231_cal               XML    183K 
13: EX-101.DEF  XBRL Definitions -- efsh-20221231_def                XML   1.21M 
14: EX-101.LAB  XBRL Labels -- efsh-20221231_lab                     XML   2.49M 
15: EX-101.PRE  XBRL Presentations -- efsh-20221231_pre              XML   1.21M 
11: EX-101.SCH  XBRL Schema -- efsh-20221231                         XSD    419K 
107: JSON        XBRL Instance as JSON Data -- MetaLinks              584±   855K  
108: ZIP         XBRL Zipped Folder -- 0001213900-23-028686-xbrl      Zip    760K  


‘EX-10.27’   —   Letter Agreement, Dated April 6, 2023, Between Asien Inc. and Joerg Christian Wilhelmsen and Susan Kay Wilhelmsen, as Trustees of the Wilhelmsen Family Trust, U/D/T Dated May 1, 1992


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



Exhibit 10.27

 

1847 Asien Inc.

1801 Piner Road
Santa Rosa, CA 95403

 

April 6, 2023

 

Joerg Christian Wilhelmsen and Susan Kay Wilhelmsen,

as Trustees of the Wilhelmsen Family Trust, U/D/T dated May 1, 1992
123 Barrio Way
Windsor, CA 95492

Attn: Joerg Christian Wilhelmsen and Susan Kay Wilhelmsen

 

Mr. and Ms. Wilhelmsen:

 

Reference is made to that certain 6% Amortizing Promissory Note, dated July 29, 2020 (as amended to the date hereof, the “Note”) by and between 1847 Asien Inc., a Delaware corporation (the “Company”) and you (the “Holder”). Capitalized terms used but not defined herein shall have the meaning ascribed to them in the Note.

 

The Company and the Holder desire and agree to amend the Note as follows: (i) Section 1 of the Note is hereby amended such that Unamortized Principal with all accrued but unpaid interest thereon and related amendment fee shall be payable in accordance with the schedule set forth on Exhibit A hereto; and (ii) the Maturity Date is hereby extended to July 30, 2023. The parties hereto agree that the amendments described above are effective retroactively to October 20, 2022.

 

[Signature page follows]

 

 

 

 

By signing below, the Holder hereby consents and agrees to amend the terms of the Note and agrees to the Amendment Fee as consideration therefor, as set forth herein.

 

  Very truly yours,
   
  1847 Asien Inc.
     
  By: /s/ Ellery Roberts
  Name:  Ellery Roberts
  Title: Executive Chairman

 

AGREED, CONSENT TO AND ACKNOWLEDGED:

 

Joerg Christian Wilhelmsen and Susan Kay Wilhelmsen, as Trustees
of the Wilhelmsen Family Trust, U/D/T dated May 1, 1992

 

By: /s/ Joerg Christian Wilhelmsen  
Name:  Joerg Christian Wilhelmsen  
Title: Trustee  
   
By: /s/ Susan Kay Wilhelmsen  
Name: Susan Kay Wilhelmsen  
Title: Trustee  

 

2

 

 

EXHIBIT A
PAYMENT SCHEDULE

 

Payment Date  Payment Amount   Principal   Interest   Balance Due 

April 7, 2023

  $67,421   $0   $67,421   $682,733*

June 30, 2023

  $306,253   $256,159   $50,094      
July 30, 2023  $309,059   $306,252   $2,807      

July 30, 2023

  $

84,362

**               

TOTAL:

  $767,095                

 

*Balance includes accrued but unpaid through July 30, 2023

**Amendment fee representing 15% of the Unamortized Principal, payable on July 30, 2023

 

3

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing    Date    Other Filings
7/30/23
6/30/23
Filed on:4/11/23
4/7/23
4/6/23
For Period end:12/31/22NT 10-K
10/20/228-K
7/29/208-K
5/1/92
 List all Filings 


12 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/25/24  1847 Holdings LLC                 10-K       12/31/23  123:12M                                    EdgarAgents LLC/FA
 2/02/24  1847 Holdings LLC                 S-1/A                136:20M                                    EdgarAgents LLC/FA
 1/24/24  1847 Holdings LLC                 S-1                   23:2.2M                                   EdgarAgents LLC/FA
 7/19/23  1847 Holdings LLC                 424B5                  1:392K                                   EdgarAgents LLC/FA
 7/18/23  1847 Holdings LLC                 424B5                  1:404K                                   EdgarAgents LLC/FA
 7/06/23  1847 Holdings LLC                 424B4                  1:2.2M                                   EdgarAgents LLC/FA
 6/26/23  1847 Holdings LLC                 S-1/A                 18:3.7M                                   EdgarAgents LLC/FA
 6/02/23  1847 Holdings LLC                 S-1/A                 18:4.1M                                   EdgarAgents LLC/FA
 5/18/23  1847 Holdings LLC                 S-8         5/18/23    5:106K                                   EdgarAgents LLC/FA
 5/18/23  1847 Holdings LLC                 S-1                   19:3.4M                                   EdgarAgents LLC/FA
 5/10/23  1847 Holdings LLC                 424B3                  1:145K                                   EdgarAgents LLC/FA
 4/28/23  1847 Holdings LLC                 S-3/A                  8:518K                                   EdgarAgents LLC/FA


27 Previous Filings that this Filing References

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/05/23  1847 Holdings LLC                 8-K:1,2,5,9 3/30/23   14:267K                                   EdgarAgents LLC/FA
 2/28/23  1847 Holdings LLC                 8-K:1,2,3,9 2/22/23   14:779K                                   EdgarAgents LLC/FA
 2/13/23  1847 Holdings LLC                 8-K:1,2,3,9 2/09/23   29:2.7M                                   EdgarAgents LLC/FA
 2/09/23  1847 Holdings LLC                 8-K:1,2,3,9 2/03/23   16:1.1M                                   EdgarAgents LLC/FA
 2/01/23  1847 Holdings LLC                 S-3                    8:844K                                   EdgarAgents LLC/FA
 1/09/23  1847 Holdings LLC                 8-K:1,3,9   1/03/23   11:375K                                   EdgarAgents LLC/FA
10/26/22  1847 Holdings LLC                 8-K:1,2,9  10/20/22   11:214K                                   EdgarAgents LLC/FA
 8/08/22  1847 Holdings LLC                 8-K:1,3,5,9 8/02/22   13:776K                                   EdgarAgents LLC/FA
 7/27/22  1847 Holdings LLC                 8-K:1,2,3,9 7/26/22   14:323K                                   EdgarAgents LLC/FA
 7/12/22  1847 Holdings LLC                 8-K:1,2,3,9 7/08/22   13:629K                                   EdgarAgents LLC/FA
 3/31/22  1847 Holdings LLC                 10-K       12/31/21  102:11M                                    EdgarAgents LLC/FA
 3/02/22  1847 Holdings LLC                 8-K:1,3,9   2/24/22   13:634K                                   EdgarAgents LLC/FA
 1/31/22  1847 Holdings LLC                 S-1/A       1/28/22  139:71M                                    EdgarAgents LLC/FA
 1/14/22  1847 Holdings LLC                 8-K:5,9     1/10/22   11:221K                                   EdgarAgents LLC/FA
10/13/21  1847 Holdings LLC                 8-K:1,2,3,910/06/21   27:2.2M                                   EdgarAgents LLC/FA
10/05/21  1847 Holdings LLC                 8-K:3,9     9/29/21   11:193K                                   EdgarAgents LLC/FA
 9/10/21  1847 Holdings LLC                 8-K:5,9     9/05/21   12:287K                                   EdgarAgents LLC/FA
 8/11/21  1847 Holdings LLC                 8-K:3,5,9   8/05/21    2:31K                                    EdgarAgents LLC/FA
 4/15/21  1847 Holdings LLC                 10-K       12/31/20  105:10M                                    EdgarAgents LLC/FA
 4/05/21  1847 Holdings LLC                 8-K:1,2,3,9 3/30/21   13:1.1M                                   EdgarAgents LLC/FA
 4/01/21  1847 Holdings LLC                 8-K:1,3,9   3/26/21    5:399K                                   EdgarAgents LLC/FA
10/07/20  1847 Holdings LLC                 8-K:1,2,3,9 9/30/20    9:962K                                   EdgarAgents LLC/FA
 8/04/20  1847 Holdings LLC                 8-K:1,2,9   7/29/20    3:112K                                   EdgarAgents LLC/FA
 6/03/20  1847 Holdings LLC                 8-K:1,2,3,9 5/28/20    7:731K                                   EdgarAgents LLC/FA
 1/22/18  1847 Holdings LLC                 8-K:3,5,8,9 1/19/18    2:423K                                   Discount Edgar/FA
 3/14/14  1847 Holdings LLC                 S-1/A¶                 5:17M                                    Discount Edgar/FA
 2/07/14  1847 Holdings LLC                 S-1                    9:42M                                    Discount Edgar/FA
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Filing Submission 0001213900-23-028686   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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