ORDER

CARLOS E. MENDOZA, District Judge.

THIS CAUSE is before the Court on Plaintiff's, Suntrust Equipment Finance and Leasing Corporation ("Suntrust"), Motions for Default Final Judgment (Doc. Nos. 238-43)1 filed on August 28, 2014. Therein, Suntrust requests, among other things, that this Court enter default final judgment as to Count III of Suntrust's Verified Complaint (Doc. 1) against the following defendants: Advanced Solar Photonics, LLC; BlueChip Power, LLC; BlueChip Energy, LLC; Laser Photonics, LLC; ICT Investments, LLC; and US Investing Corporation (collectively, the "Lessee Defendants"). Count III alleges breach of contract by the Lessee Defendants. (Verified Compl. at 25-26). United States Magistrate Judge Karla R. Spaulding submitted a Report and Recommendation on September 11, 2014, recommending that this Court grant in part the Motions for Default Final Judgment by finding that the Lessee Defendants are liable for breach of contract under Count III and by assessing damages of $4,478,440.00 against the Lessee Defendants. (Doc. 251, at 14-15). Judge Spaulding further recommends that this Court defer the entry of final judgment pending further proceedings. (Id. at 15).

After an independent de novo review of the record and noting that no objections were timely filed, this Court agrees entirely with the findings of fact and conclusions of law in the Report and Recommendation.

Therefore, it is ORDERED and ADJUDGED as follows:

DONE and ORDERED.