SEASIDE NATIONAL BANK & TRUST UNCONDITIONAL GUARANTYCNL Strategic Capital, LLC • June 27th, 2019 • Miscellaneous manufacturing industries
LENDER: SEASIDE NATIONAL BANK & TRUST, a national bank (hereinafter termed “Lender”) 201 South Orange Avenue, Suite 1350 Orlando, Florida 32801
PROMISSORY NOTECNL Strategic Capital, LLC • June 27th, 2019 • Miscellaneous manufacturing industries
FOR VALUE RECEIVED, the undersigned, CNL STRATEGIC CAPITAL B, INC., a Delaware corporation (“Borrower”), having its office at 450 South Orange Avenue, Suite 1400, Orlando, Florida 32801promise to pay to the order of SEASIDE NATIONAL BANK & TRUST, a national bank (“Lender”), having its office at 201 South Orange Avenue, Suite 1350, Orlando, Florida 32801, the principal sum of TWENTY MILLION AND NO/100 DOLLARS ($20,000,000.00) (the “Principal Sum”) or so much thereof as may be advanced hereunder, together with interest on the principal balance from time to time remaining unpaid from the date of each advance at the applicable interest rate hereinafter set forth, in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of payment; said principal and interest to be paid over a term, at the times, and in the manner following, to wit:
LOAN AGREEMENTLoan Agreement • June 27th, 2019 • CNL Strategic Capital, LLC • Miscellaneous manufacturing industries
THIS LOAN AGREEMENT (this “Agreement”) is made as of June 27, 2019 by and between CNL STRATEGIC CAPITAL B, INC., a Delaware corporation having an address of 450 South Orange Avenue, Suite 1400, Orlando, Florida 32801 (“Borrower”) and SEASIDE NATIONAL BANK & TRUST, a national bank, whose address is 201 South Orange Avenue, Suite 1350, Orlando, FL 32801 (the “Lender”).
