REVOLVING NOTERevolving Note • April 12th, 2023 • System1, Inc. • Services-computer programming, data processing, etc. • New York
FOR VALUE RECEIVED, LONE STAR FRIENDS TRUST, being a trust created under the laws of the State of Texas acting by and through its trustee, Stanley Blend (“Lone Star”) and CEE HOLDING TRUST, being a trust created under the laws of the State of Wyoming acting by and through its trustee, Jackson Hole Trust Company, a Wyoming corporation (“CEE” and together with Lone Star, collectively, the “Lenders” and each, a “Lender”) each agrees, on a several but not joint basis, to make loans (each such loan, a “Revolving Loan”) to ORCHID MERGER SUB II, LLC, a Delaware limited liability company (the “Borrower”), in an aggregate outstanding amount not to exceed the principal sum of set forth opposite such Lender’s name on Schedule I hereto (each, a “Commitment”), on the terms set forth below.
