PROMISSORY NOTEARC Group, Inc. • March 30th, 2017 • Patent owners & lessors • Florida
This Promissory Note (this “Note”) is executed and delivered under and pursuant to the terms of that certain First Amendment to Loan Agreement, dated March 24, 2017, by and between ARC Group, Inc., a Nevada corporation (“Maker”), and Blue Victory Holdings, Inc., a Nevada corporation (“Payee”) (the “Amendment”). Capitalized terms not otherwise defined herein shall have the meanings provided in that certain Loan Agreement, dated September 13, 2013, by and between Maker and Payee (as amended by the Amendment and as hereafter amended, restated, supplemented or modified from time to time, the “Loan Agreement”).
FIRST AMENDMENT TO LOAN AGREEMENTLoan Agreement • March 30th, 2017 • ARC Group, Inc. • Patent owners & lessors • Florida
THIS FIRST AMENDMENT TO LOAN AGREEMENT (this “Amendment”) is made and entered into this 24th day of March, 2017, by and between ARC Group, Inc., a Nevada corporation (“Borrower”), and Blue Victory Holdings, Inc., a Nevada corporation (“Lender”), for the purpose of amending that certain Loan Agreement, dated September 13, 2013, by and between Borrower and Lender (the “Loan Agreement”). Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement.
