Filing # 178981211 E-Filed 08/04/2023 03:48:27 PM

I IN THE CIRCUIT COURT OF THE 11TH

JUDICIAL CIRCUIT IN AND FOR
MIAMI-DADE COUNTY, FLORIDA

CASE NO.

Cobblestone Enterprises LLC,

a New York limited liability company,

Plaintiff,

vs.

Americano Media Corp.,

a Nevada corporation,

Defendant.
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COMPLAINT

Plaintiff, Cobblestone Enterprises LLC (“Cobblestone” or “Plaintiff”) files suit against

Defendant, Americano Media Corporation (“Americano” or “Defendant”), and alleges as follows:

PARTIES

1. Plaintiff is a limited-liability company organized and existing under the laws of the

State of New York, with its principal place of business in Collier County, Florida.

2. Defendant is a corporation organized and existing under the laws of the State of

Nevada, with its principal place of business in Miami-Dade County, Florida.

JURISDICTION AND VENUE

3. The amount in controversy exceeds the sum of seven hundred and fifty thousand

dollars ($750,000), exclusive of interest, costs and attorneys’ fees; therefore, this Court has subject

matter jurisdiction.

4. This Court is a court of competent jurisdiction as the damages sought exceed the

jurisdictional amount and this Court has personal jurisdiction over Defendant pursuant to Sections
48.193(1)(a) and (2), Florida Statutes. In particular, Plaintiff’s claims arise from Defendant’s: (1)

conducting, engaging in, or carrying on a business or business venture in Florida; (2) breaching a

contract in Miami-Dade County, Florida; and (3) engaging in substantial and not isolated activity

within Florida.

5. Venue is appropriate in Miami-Dade County, Florida, pursuant to Sections 47.041

and 47.051, Florida Statutes, because the causes of action upon which this action is based accrued

in Miami-Dade County, Florida, and Defendant maintains its principal place of business in Miami-

Dade County, Florida, as well. Additionally, venue is also appropriate in Miami-Dade County,

Florida pursuant to Section 47.061, Florida Statutes, because the unsecured promissory note in

question was signed by Defendant in Miami-Dade County, Florida.

FACTUAL ALLEGATIONS

6. Plaintiff and Defendant executed a Commercial Promissory Note (“Note”) under

which Plaintiff lent Defendant $5,700,000 to be repaid, with interest, at a per-annum rate of ten

percent (10%). A copy of the Note is attached as Exhibit A. 1

7. Plaintiff executed the Note, which was deemed to have an effective date of October

23, 2022, in Miami-Dade County, Florida.

8. Plaintiff funded the $5,7000,000 loan to Defendant in three tranches of $2,000,000

on October 3, 2022, $2,000,000 on October 11, 2022, and $1,700,000 on December 1, 2022,

respectively.

9. Relevant here, the Note details certain “Events of Default” that, if triggered, cause

the Note to mature. See Note § 2. Indeed, upon “an Event of Default,” the “[Plaintiff] will pay to

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Capitalized terms not otherwise defined herein shall take the meaning given to them in the Note and ancillary
documents.

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[Defendant] the amount of the unpaid Balance, together with accrued interest thereon . . . .” Note

§ 2.1(C).

10. The Note provides that upon the occurrence of an Event of Default, “interest shall

accrue on the unpaid Balance and any other amounts due under this Note at a ‘default rate’ of

interest that is equal to the lower of fifteen percent (15%) per annum or the maximum allowable

be applicable law . . . .” Note § 1.3.

11. The Note also provides that “TIME IS OF THE ESSENCE with regard to the

payment of any amounts due hereunder and performance of the covenants, terms and conditions

hereof.” Note § 5.5 (emphasis in original).

12. Finally, the Note obligates Plaintiff “to pay all reasonable fees and other costs and

expenses that [Defendant] may incur in connection with [Plaintiff’s] failure to comply with any

provision of this Note, the collection or enforcement of this Note . . . including but not limited to,

attorneys’ fees and cost incurred by Plaintiff . . . .” Note § 3.1.

13. Here, several Events of Default occurred:

A. On or about June 1, 2023, Defendant failed to pay debts as they became

due—in particular, employee payroll and health-insurance premiums—thus triggering an Event of

Default under Section 2.1(c)(2). Upon information and belief, Defendant has failed to make payroll

or to pay health-insurance premiums since on our about June 1, 2023.

B. Additionally, Defendant has become insolvent—indeed, among other

things, Plaintiff has failed to meet payroll and health-related-employee obligations—thus

triggering an Event of Default under Section 2.1(c)(1).

C. Relatedly, Defendant’s failure to pay necessary debts and insolvency each

constitute a Material Adverse Effect that, in turn, triggered an Event of Default under Section 2(h).

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Additionally, upon information and belief, Defendant has failed to pay necessary debts in other

months, but ultimately paid them by borrowing money from other borrowers. Each of these events

also constitute a Material Adverse Event triggering an Event of Default under Section 2(h).

D. Finally, Defendant’s failure to notify Plaintiff of its insolvency or inability

to pay its debts constitutes a breach of the Note as well. Plaintiff is required to provide notice of

“any Event of Default” no “later than five (5) business days after such event.” See Note § 2.2.

Defendant failed to do so and, thus, is in breach of Section 2.2.

14. On August 2, 2023, Plaintiff hand-delivered to Defendant a Notice of Default

demanding immediate payment of the amount due: $5,700,000 in principal along with accrued and

unpaid interest.

15. Defendant, however, has refused to acknowledge its payment obligations let alone

tender the amounts due.

16. All conditions precedent to bringing this action have been performed, have been

waived, or have occurred.

17. Plaintiff has retained the undersigned counsel to represent it in this action and is

obligated to pay its counsel a reasonable fee for services rendered and costs incurred on its behalf.

See Note § 3.1.

COUNT I
(Breach of the Note against Defendant)

18. Paragraphs 1 through 17, inclusive, are incorporated herein by reference.

19. In light of the Events of Default under Sections 2.1(c)(1), (c)(2), (h) and 2.2 detailed

above, the Note has matured and the Balance and all interest and default interest thereon has

become immediately due and payable. See Note § 1.3.

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 20. Defendant, however, has failed and/or refused to pay the amounts due, placing it in

material Breach of the Agreement. See id.

21. Defendant is indebted under the Note for the unpaid principal balance past due and

owing, plus accrued and unpaid interest at the interest rate (10%) through the date of maturity, and

at the default rate (15%) thereafter, plus attorneys’ fees and costs, and any other expenses, costs,

or fees which may be due and owing under the Note.

WHEREFORE, Plaintiff respectfully requests that the Court (i) enter a judgment in favor

of Plaintiff for damages, including for the unpaid principal balance past due and owing on the

Note, accrued and unpaid interest and default thereon, (ii) attorneys’ fees and costs, and (iii) grant

Plaintiff such other and further relief as the Court deems just and proper.

COUNT II – IN THE ALTERNATIVE

(Money Lent against Defendant)

22. Paragraphs 1 through 17, inclusive, are incorporated herein by reference.

23. Defendant owes Plaintiff the total principal sum of $5,700,000 with interest at the

rate of 10% from the date of the loan through maturity, and at the default interest rate of 15%

thereafter.

WHEREFORE, Plaintiff respectfully requests that the Court (i) enter a judgment in favor

of Plaintiff for damages, including for the unpaid principal balance past due and owing on the

Note, accrued and unpaid interest and default thereon, (ii) attorneys’ fees and costs, and (iii) grant

Plaintiff such other and further relief as the Court deems just and proper.

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Dated: August 4, 2023

Respectfully submitted,

HOLLAND & KNIGHT LLP

Counsel for Plaintiff
701 Brickell Avenue, Suite 3300
Miami, Florida 33131
Telephone: (305) 374-8500
Facsimile: (305) 789-7799
Email: [email protected]
Email: [email protected]
Email : [email protected]

By: /s/Brian A. Briz

Alex M. Gonalez
Fla. Bar No. 991200
Brian A. Briz
Fla. Bar No. 657557
Anthony J. Sirven
Fla Bar No. 125879

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