Common use of Explanations Clause in Contracts

Explanations. [Short explanations of adjustments of revenues, expenses, and/or distributions to their true value and explanations for any variances from the invoice] THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED, OR OTHERWISE DISPOSED OF EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF SUCH ACT AND SUCH LAWS. $[ ] [Date] FOR VALUE RECEIVED, ORTP, LLC, a Delaware limited liability company (the “Borrower”), hereby promises to pay to the order of [ ], [ ](the “Lender”), the principal sum of [ ] dollars $[ ], on date 364 days after the date of this Note (the “Maturity Date”), unless sooner paid as provided herein.