Renewal Promissory Note Sample Contracts

Alico, Inc. – Third Renewal Promissory Note (December 6th, 2018)

This Note is one of the Notes referred to in, and is entitled to the benefits of, that certain Credit Agreement dated as of December 1, 2014, as amended by that certain First Amendment to Credit Agreement and Consent dated as of February 26, 2015, that certain Second Amendment to

Alico, Inc. – Second Renewal Promissory Note (December 11th, 2017)

This Note is one of the Notes referred to in, and is entitled to the benefits of, that certain Credit Agreement dated as of December 1, 2014, as amended by that certain First Amendment to Credit Agreement and Consent dated as of February 26, 2015, that certain Second Amendment to Credit Agreement dated as of July 16, 2015, that certain Third Amendment to Credit Agreement

Alico, Inc. – Renewal Promissory Note (December 6th, 2016)

This Note is one of the Notes referred to in, and is entitled to the benefits of, that certain Credit Agreement dated as of December 1, 2014, as amended by that certain First Amendment to Credit Agreement and Consent dated as of February 26, 2015, that certain Second Amendment to Credit Agreement dated as of July 16, 2015, and by that certain Third Amendment to Credit Agreement dated of even date herewith (as further amended, restated, supplemented or otherwise modified from time to time, the "Credit Agreement") by and among the Borrowers and Bank. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in the Credit Agreement. This Note evidences the Loans made by the Bank under the Credit Agreement.

Saddlebrook Resorts – Renewal Promissory Note (March 30th, 2016)

FOR VALUE RECEIVED, SADDLEBROOK RESORTS, INC., a Florida corporation (hereinafter, Borrower), hereby promises to pay to the order of USAMERIBANK, a Florida banking corporation, its successors and/or assigns (Lender), with an address at 4790 140th Avenue North, Clearwater, Florida 33762, the Principal Amount of SIX MILLION EIGHT HUNDRED SEVENTY-FOUR THOUSAND NINE HUNDRED NINETY-NINE AND 96/100 DOLLARS ($6,874,999.96), together with interest thereon from the Effective Date through the maturity of this obligation, whether by acceleration or otherwise, as hereinafter provided. Principal and interest hereunder shall be payable in lawful money of the United States of America at the address of Lender which is specified above, or at such other place as Lender may designate in writing.

2015 Renewal Promissory Note (Parkson Property) (January 12th, 2016)

This 2015 Renewal Promissory Note (this "Note") is issued and made as described below and under and subject to the following additional terms and conditions:

2015 Renewal Promissory Note (Parkson Property) (January 4th, 2016)

This 2015 Renewal Promissory Note (this "Note") is issued and made as described below and under and subject to the following additional terms and conditions:

2014 Renewal Promissory Note (Parkson Property) (December 18th, 2014)

This 2014 Renewal Promissory Note (this "Note") is issued and made as described below and under and subject to the following additional terms and conditions:

Bluerock Residential Growth REIT, Inc. – Amended, Restated and Renewal Promissory Note (August 13th, 2014)

For value received, BR CARROLL LANSBROOK, LLC, a Delaware limited liability company ("Borrower"), promises and agrees to pay to the order of GENERAL ELECTRIC CAPITAL CORPORATION, a Delaware corporation ("Lender"), in lawful money of the United States of America, the principal sum of Forty Eight Million and No/100 Dollars ($48,000,000.00) or so much thereof as may be outstanding under the Loan Agreement of even date herewith between Borrower and Lender (the "Loan Agreement"), with interest on the unpaid principal sum owing thereunder at the rate or rates or in the amounts computed in accordance with the Loan Agreement, together with all other amounts due Lender under the Loan Agreement, all payable in the manner and at the time or times provided in the Loan Agreement. Capitalized terms used herein, but not defined, shall have the meanings assigned to them in the Loan Agreement.

Body Central – Addendum to Renewal Promissory Note (March 13th, 2013)

THIS ADDENDUM TO RENEWAL PROMISSORY NOTE (Addendum) is hereby made a part of the Renewal Promissory Note dated March , 2013, from BODY CENTRAL CORP., a Delaware corporation, BODY CENTRAL DIRECT, INC., a Florida corporation (formerly known as Catalogue Ventures, Inc.), BODY CENTRAL STORES, INC., a Florida corporation (formerly known as Body Shop of America, Inc.) and BODY CENTRAL SERVICES, INC., a Florida corporation (collectively, Borrower) payable to the order of Branch Banking and Trust Company (Bank) in the principal amount of $5,000,000.00 (including all renewals, extensions, modifications and substitutions thereof, the Note).

Goldfield Corporation (The) – Addendum to Renewal Promissory Note (January 22nd, 2013)

THIS ADDENDUM TO RENEWAL PROMISSORY NOTE ("Addendum") is hereby made a part of the Renewal Promissory Note dated January 15, 2013, from The Goldfield Corporation, a Delaware corporation ("Borrower"), payable to the order of Branch Banking and Trust Company ("Bank") in the principal amount of $5,000,000.00 (including all renewals, extensions, modifications and substitutions thereof, the "Note").

Renewal Promissory Note (Working Capital) (December 28th, 2012)

FOR VALUE RECEIVED, Le@P Technology, Inc., a Delaware corporation with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of the M. Lee Pearce Living Trust (the "Payee"), the principal sum of TWO MILLION FIVE HUNDRED SIXTEEN THOUSAND FOUR HUNDRED SIXTY SEVEN DOLLARS AND THIRTY SIX CENTS ($2,516,467.36), together with interest at the rate of Three and Three-Quarters Percent (3.75%) per annum due and payable in one lump sum of principal and interest on the maturity date of March 31, 2015. Principal and interest shall be payable to the Payee at 16 La Gorce Circle, Miami Beach, FL 33141, or at such other place or address as the Payee may designate.

Renewal Promissory Note (Parkson Property) (December 28th, 2012)

FOR VALUE RECEIVED, Parkson Property LLC, a wholly owned subsidiary of Le@P Technology, Inc., with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of Bay Colony Associates, Ltd. (the "Payee"), the principal sum of EIGHT HUNDRED TWENTY ONE THOUSAND ONE HUNDRED EIGHTY FOUR DOLLARS AND THIRTY NINE CENTS ($821,184.39), together with interest at the rate of Three and Three-Quarters Percent (3.75%) per annum due and payable in one lump sum of principal and interest on the maturity date of March 31, 2015. Payment of principal and accrued interest shall be paid to the Payee at 5601 N. Dixie Highway, Suite 411, Ft. Lauderdale, FL 33334, or at such other place or address as the Payee may designate.

Renewal Promissory Note (Working Capital) (February 8th, 2012)

FOR VALUE RECEIVED, Le@P Technology, Inc., a Delaware corporation with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of the M. Lee Pearce Living Trust (the "Payee"), the principal sum of SEVEN HUNDRED SEVENTY-SEVEN THOUSAND SIXTY-TWO DOLLARS AND FOUR CENTS ($777,062.04), together with interest at the rate of Three and Three-Quarters Percent (3.75%) per annum due and payable in one lump sum of principal and interest on June 30, 2013. Principal and interest shall be payable to the Payee at 16 La Gorce Circle, Miami Beach, FL 33141, or at such other place or address as the Payee may designate.

Renewal Promissory Note (Parkson) (February 8th, 2012)

FOR VALUE RECEIVED, Parkson Property LLC, a wholly owned subsidiary of Le@P Technology, Inc., with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of Bay Colony Associates, Ltd. (the "Payee"), the principal sum of SEVEN HUNDRED NINETY-FOUR THOUSAND SIX HUNDRED FIFTY DOLLARS AND SIXTY-EIGHT CENTS ($794,650.68), together with interest at the rate of Three and Three-Quarters Percent (3.75%) per annum due and payable in one lump sum of principal and interest on June 30, 2013. Payment of principal and accrued interest shall be paid to the Payee at 5601 N. Dixie Highway, Suite 411, Ft. Lauderdale, FL 33334, or at such other place or address as the Payee may designate.

Goldfield Corporation (The) – Bb&t Renewal Promissory Note (January 9th, 2012)

THE UNDERSIGNED BORROWER REPRESENTS THAT THE LOAN EVIDENCED HEREBY IS BEING OBTAINED FOR BUSINESS/COMMERCIAL OR AGRICULTURAL PURPOSES AND NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. For value received, the undersigned, jointly and severally, if more than one, promises to pay to BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (the Bank), or order, at any of Banks offices in the above referenced city (or such other place or places that may be hereafter designated by Bank), the sum of Three Million Dollars ($3,000,000.00), in immediately available coin or currency of the United States of America.

Goldfield Corporation (The) – Addendum to Renewal Promissory Note (January 9th, 2012)

THIS ADDENDUM TO RENEWAL PROMISSORY NOTE (Addendum) is hereby made a part of the Promissory Note dated January 4, 2012, from The Goldfield Corporation (Borrower) payable to the order of Branch Banking and Trust Company (Bank) in the principal amount of $3,000,000.00 (including all renewals, extensions, modifications and substitutions thereof, the Note).

Renewal Promissory Note (February 1st, 2011)

FOR VALUE RECEIVED, Le@P Technology, Inc., a Delaware corporation with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of the M. Lee Pearce Living Trust (the "Payee"), the principal sum of NINETY-NINE THOUSAND THREE HUNDRED NINETEEN DOLLARS AND THIRTY-NINE CENTS ($99,319.39), together with interest at the "Prime Rate" (as hereinafter defined), as announced from time to time, due and payable in one lump sum of principal and interest on January 8, 2012. "Prime Rate" shall mean the prime commercial lending rate set forth in the "Money Rates" section of The Wall Street Journal, as announced from time to time. Principal and interest shall be payable to the Payee at the following addr ess: 16 La Gorce Circle, Miami Beach, FL 33141, or such other place as the Payee may designate.

Renewal Promissory Note (February 1st, 2011)

FOR VALUE RECEIVED, Parkson Property LLC, a wholly owned subsidiary of Le@P Technology, Inc., with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of Bay Colony Associates, Ltd. (the "Payee"), the principal sum of FIVE HUNDRED SIXTY-TWO THOUSAND FIVE HUNDRED DOLLARS AND NO CENTS ($562,500.00), together with interest at the rate of seven percent (7%) per annum due and payable in one lump sum of principal and interest on January 8, 2012. Payment of principal and accrued interest shall be paid to the Payee at 5601 N. Dixie Highway, Suite 411, Ft. Lauderdale, FL 33334, or such other place as the Payee may designate.

Pegasi Energy Resources Corporation. – Seventh Amendment to Renewal Promissory Note (November 12th, 2010)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pegasi Energy Resources Corporation. – Second Amendment to Renewal Promissory Note (November 12th, 2010)
Pegasi Energy Resources Corporation. – Third Amendment to Renewal Promissory Note (November 12th, 2010)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pegasi Energy Resources Corporation. – Fifth Amendment to Renewal Promissory Note (November 12th, 2010)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pegasi Energy Resources Corporation. – Sixth Amendment to Renewal Promissory Note (November 12th, 2010)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pegasi Energy Resources Corporation. – Renewal Promissory Note (November 12th, 2010)

WHEREAS, on the dates described below, each of the four corporate entities described below (collectively, the "Original Note Makers") executed a separate promissory note payable to Teton, Ltd., a Texas limited partnership (which promissory notes are referred to herein as the "Original Notes"):

Pegasi Energy Resources Corporation. – Amendment to Renewal Promissory Note (November 12th, 2010)

WHEREAS, the undersigned four corporate entities (each, a "Maker;" or collectively, "Makers") each executed a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Lightstone Value Plus Real Estate Investment Trust, Inc. – Renewal Promissory Note Including Future Advance (May 18th, 2010)

THIS RENEWAL PROMISSORY NOTE INCLUDING FUTURE ADVANCE (this "Note"), is made as of the date set forth above by LVP ST. AUGUSTINE OUTLETS LLC, a Delaware limited liability company ("Borrower"), whose address is c/o The Lightstone Group, 326 Third Street, Lakewood, New Jersey 08701, to the order of WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, "Lender") at the office of Lender at Commercial Real Estate Services, 8739 Research Drive URP - 4, NC 1075, Charlotte, North Carolina 28262.

Renewal Promissory Note (January 19th, 2010)

FOR VALUE RECEIVED, Parkson Property, LLC, a wholly owned subsidiary of Le@P Technology, Inc., with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of Bay Colony Associates, Ltd. (the "Payee"), the principal sum of FIVE HUNDRED SIXTY-TWO THOUSAND FIVE HUNDRED DOLLARS AND NO CENTS ($562,500.00), together with interest at the rate of seven percent (7%) per annum due and payable in one lump sum of principal and interest on January 8, 2011. Payment of principal and accrued interest shall be paid to the Payee at 5601 N. Dixie Highway, Suite 411, Ft. Lauderdale, FL 33334, or such other place as the Payee may designate.

Pegasi Energy Resources Corporation. – Fourth Amendment to Renewal Promissory Note Recitals (August 13th, 2009)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pegasi Energy Resources Corporation. – Third Amendment to Renewal Promissory Note (August 13th, 2009)

WHEREAS, the undersigned five corporate entities (each, a "Maker;" or collectively, "Makers") are each co-makers of a certain Renewal Promissory Note (the "Note") dated May 21, 2007, in the original stated amount of $5,579,847.00, in favor of Teton, Ltd., a Texas limited partnership ("Payee");

Pbsj Corp /Fl/ – CONSOLIDATED RENEWAL PROMISSORY NOTE (Promissory Note or Note) (December 19th, 2008)

FOR VALUE RECEIVED, the undersigned, POST, BUCKLEY, SCHUH & JERNIGAN, INC., a Florida corporation, (Maker or Borrower), promises to pay to the order of SUNTRUST BANK, a State Bank organized under the laws of Georgia, (Lender), the principal sum of THIRTEEN MILLION SIX HUNDRED THOUSAND DOLLARS ($13,600,000.00), together with interest thereon from date until paid according to the terms of this Note. Interest shall accrue at a variable rate equal to the LIBOR (London Interbank Offered Rate) plus TWO HUNDRED TWENTY SEVEN (227) basis points (LIBOR RATE) which shall be quoted for a ONE MONTH period and adjusted on the first day of each calendar month thereafter (Interest Rate Determination Date) based upon the LIBOR RATE quoted two business days prior to the 1st day of each calendar month. The LIBOR RATE shall remain fixed during each month based upon the interest rate established on the applicable Interest Rate Determination Date. LIBOR shall mean that rate per annum effective on any Intere

Renewal Promissory Note (October 25th, 2007)

FOR VALUE RECEIVED, Parkson Property, LLC, a wholly owned subsidiary of Le@P Technology, Inc., with a principal place of business at 5601 N. Dixie Highway, Suite 411, Fort Lauderdale, Florida 33334 ("Maker"), promises to pay to the order of Bay Colony Associates, Ltd. (the "Payee"), the principal sum of FIVE HUNDRED SIXTY-TWO THOUSAND FIVE HUNDRED DOLLARS AND NO CENTS ($562,500.00), together with interest at the rate of seven percent (7%) per annum due and payable in one lump sum of principal and interest on January 8, 2010. Payment of principal and accrued interest shall be paid to the Payee at 5601 N. Dixie Highway, Suite 411, Ft. Lauderdale, FL 33334, or such other place as the Payee may designate.

Global Axcess – Consolidated Renewal Promissory Note (October 1st, 2007)
High Country Ventures – RENEWAL PROMISSORY NOTE Dated as of November 30, 2006 (January 17th, 2007)

FOR VALUE RECEIVED, the undersigned, CHARYS HOLDING COMPANY, INC., a Delaware corporation (the "Maker"), promises to pay to the order of TROY D. CROCHET, an individual resident of the State of Texas (the "Holder"), an amount equal to $77,932,514.15 (such amount, being referred to as the "Principal Amount") in lawful money of the United States, together with interest thereon at the rate set forth below, pursuant to the terms and conditions set forth in this promissory note (this "Note").

Contract (August 1st, 2006)

THIS NOTE HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE SECURITIES ACT), AND HAS NOT QUALIFIED UNDER APPLICABLE STATE SECURITIES OR BLUE SKY LAWS, AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND APPLICABLE STATE SECURITIES OR BLUE SKY LAWS.

Lightstone Value Plus Real Estate Investment Trust, Inc. – Renewal Promissory Note Including Future Advance (April 24th, 2006)

THIS RENEWAL PROMISSORY NOTE INCLUDING FUTURE ADVANCE (this "Note"), is made as of the date set forth above by LVP ST. AUGUSTINE OUTLETS LLC, a Delaware limited liability company ("Borrower"), whose address is c/o The Lightstone Group, 326 Third Street, Lakewood, New Jersey 08701, to the order of WACHOVIA BANK, NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns, "Lender") at the office of Lender at Commercial Real Estate Services, 8739 Research Drive URP - 4, NC 1075, Charlotte, North Carolina 28262.