On December 20, 2019 a
Exhibit,Appendix
was filed
involving a dispute between
Veludi Capital Strategies,
and
Manuel Pereira,
for Commercial - Contract
in the District Court of Nassau County.
Preview
FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019
NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020
Exhibit C
FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019
NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020
VELUDI
CAPITAL STRATEGlES
Chander Goel PROMISSORY NOTE - $700,000.00
President
Veludi Capital Strategies April
Friday, 28, 2017
180 Maiden Lane, Suite902
New York, NY 10038 For value the
received, undersigned Manuel Pereira(the to pay
"Borrower"), promises to
O: (646) 813-9517 the orderof Chander K. on behalf ofVeludi
Goel, Capital (the
Strategies, "Lender"),the
C: (917)261-0250 sum of$700,00.00 with interest
from April 26, 2017,on the unpaidprincipalat therateof
E: cgoel@financialguide.com 10% for6 months.
I. TERMS OF REPAYMENT
A. Payments
The unpaid pancipal and accrued interestshallbe payablein full
on October 26, 2017 (the
"Due Date").
B. Application of Payments
Allpayments on thisNote shallbe appliedfirstin payment of accruedinterestand any
remainder in payment of principal.
C. Discount
Ifthe principaland accrued interest
are paidinfullon or beforeJune 26d), 2017,the
Borrower shallbe entitled
to a discountequalto 5% of the unpaid principal
immediately
prior to suchpayment.
D. Acceleration of Debt
Ifany payment obligationunder thisNote is notpaid when due, the remainingunpaid
principalbalance and anyaccrued interestshall
become due immediately at the
option of
the Lender.
IL SECURITY
This Note is securedby theBorrower's wholly owned personal properties locatedat 145-
10 LibertyAve, Queens, NY 11435 and 145-18 LibertyAve, Queens, NY 11435, which
have received a combined accreditedvaluation inthe amount of$3,250,000 on March 2nd,
2017. The Borrower must notifythe Lender in case theBorrower sells the properties.
In
addition,theLender must be first
in linetoreceive thefulllump sum payment of theloan
plus interest.
FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019
NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020
III. PREPAYMENT
The Borrower reservesthe righttoprepay thisNote (in whole or in priorto theDue
part)
Date with no prepayment penalty.
IV. COLLECTION COSTS
Ifany payment obligationunder thisNote is notpaid when due, the Borrower promises to
pay all costs
of collection,
includingreasonable attorneyfees, whetheror nota lawsuitis
commenced as partof thecollectionprocess.
V. DEFAULT
Ifany of thefollowing eventsof defaultoccur,thisNote and any otherobligations of the
Borrower tothe Lender, shall
become due immediately without demand or notice:
1) the of
failure theBorrower to paythe principaland any accrued when
interest
due;
2) the liquidation,
dissolution,
incompetency or deathof the Borrower;
3) the of
filing bankruptcy proceedings involvingthe Borrower as a debtor;
4) the applicationforthe appointment of a receiver
forthe Borrower;
5) the making of a generalassignment forthe benefitof theBorrower's creditors;
6) theinsolvency of theBorrower;
7) a misrepresentation
by the Borrower tothe Lender forthe purpose of obtaining
or extending or
credit;
8) the sale of
a materialportionof thebusiness orassets oftheBorrower.
VI. SEVERABILITY OF PROVISIONS
Ifany one or more of the provisionsof thisNote are determined tobe unenforceable, in
whole or inpart,for any reason,theremaining provisions shall
remain operative.
fully
VII. MISCELLANEOUS
Allpayments of principaland interest
on thisNote shallbe paidin thelegalcurrency of
the United States.
The Borrower waives presentment forpayment, protest,and notice of
protest and demand of thisNote.
Allrightsof the Lender under thisNote are cumulative and may be exercisedconcurrently
or consecutivelyat theLender's option.
This note may not be amended without thewritten approvalof thehol .
2
FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019
NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020
VIII. GOVERNING LAW
This Note shallbe construed inaccordance with the lawsof theState ofNew York.
IX. SIGNATURES
This Note shallbe signedby Manuel Pereiraand Chander K. Goel, on behalfof Veludi
Capital LLC.
Strategies,
[SIGNATURE PAGE FOLLOWS]
FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019
NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020
IN WITNESS WHEREOF, thisAgreement has been executed and deliveredinthe
manner prescribedby law as ofthedate written
tirst above.
Signed this day of f Af L fÛ f 7 . at dlntA/ C .
(Day) (Month) (Year) (City) (State)
Borrower:
Manuel Pereira
Bv:
hÍanuel P e
Lender:
Veludi Capital LLC
Strategies,
By:
Chander K Goel
4
Document Filed Date
May 27, 2020
Case Filing Date
December 20, 2019
Category
Commercial - Contract
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FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019 NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020 Exhibit C FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019 NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020 VELUDI CAPITAL STRATEGlES Chander Goel PROMISSORY NOTE - $700,000.00 President Veludi Capital Strategies April Friday, 28, 2017 180 Maiden Lane, Suite902 New York, NY 10038 For value the received, undersigned Manuel Pereira(the to pay "Borrower"), promises to O: (646) 813-9517 the orderof Chander K. on behalf ofVeludi Goel, Capital (the Strategies, "Lender"),the C: (917)261-0250 sum of$700,00.00 with interest from April 26, 2017,on the unpaidprincipalat therateof E: cgoel@financialguide.com 10% for6 months. I. TERMS OF REPAYMENT A. Payments The unpaid pancipal and accrued interestshallbe payablein full on October 26, 2017 (the "Due Date"). B. Application of Payments Allpayments on thisNote shallbe appliedfirstin payment of accruedinterestand any remainder in payment of principal. C. Discount Ifthe principaland accrued interest are paidinfullon or beforeJune 26d), 2017,the Borrower shallbe entitled to a discountequalto 5% of the unpaid principal immediately prior to suchpayment. D. Acceleration of Debt Ifany payment obligationunder thisNote is notpaid when due, the remainingunpaid principalbalance and anyaccrued interestshall become due immediately at the option of the Lender. IL SECURITY This Note is securedby theBorrower's wholly owned personal properties locatedat 145- 10 LibertyAve, Queens, NY 11435 and 145-18 LibertyAve, Queens, NY 11435, which have received a combined accreditedvaluation inthe amount of$3,250,000 on March 2nd, 2017. The Borrower must notifythe Lender in case theBorrower sells the properties. In addition,theLender must be first in linetoreceive thefulllump sum payment of theloan plus interest. FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019 NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020 III. PREPAYMENT The Borrower reservesthe righttoprepay thisNote (in whole or in priorto theDue part) Date with no prepayment penalty. IV. COLLECTION COSTS Ifany payment obligationunder thisNote is notpaid when due, the Borrower promises to pay all costs of collection, includingreasonable attorneyfees, whetheror nota lawsuitis commenced as partof thecollectionprocess. V. DEFAULT Ifany of thefollowing eventsof defaultoccur,thisNote and any otherobligations of the Borrower tothe Lender, shall become due immediately without demand or notice: 1) the of failure theBorrower to paythe principaland any accrued when interest due; 2) the liquidation, dissolution, incompetency or deathof the Borrower; 3) the of filing bankruptcy proceedings involvingthe Borrower as a debtor; 4) the applicationforthe appointment of a receiver forthe Borrower; 5) the making of a generalassignment forthe benefitof theBorrower's creditors; 6) theinsolvency of theBorrower; 7) a misrepresentation by the Borrower tothe Lender forthe purpose of obtaining or extending or credit; 8) the sale of a materialportionof thebusiness orassets oftheBorrower. VI. SEVERABILITY OF PROVISIONS Ifany one or more of the provisionsof thisNote are determined tobe unenforceable, in whole or inpart,for any reason,theremaining provisions shall remain operative. fully VII. MISCELLANEOUS Allpayments of principaland interest on thisNote shallbe paidin thelegalcurrency of the United States. The Borrower waives presentment forpayment, protest,and notice of protest and demand of thisNote. Allrightsof the Lender under thisNote are cumulative and may be exercisedconcurrently or consecutivelyat theLender's option. This note may not be amended without thewritten approvalof thehol . 2 FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019 NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020 VIII. GOVERNING LAW This Note shallbe construed inaccordance with the lawsof theState ofNew York. IX. SIGNATURES This Note shallbe signedby Manuel Pereiraand Chander K. Goel, on behalfof Veludi Capital LLC. Strategies, [SIGNATURE PAGE FOLLOWS] FILED: NASSAU COUNTY CLERK 05/27/2020 12:10 AM INDEX NO. 617853/2019 NYSCEF DOC. NO. 31 RECEIVED NYSCEF: 05/27/2020 IN WITNESS WHEREOF, thisAgreement has been executed and deliveredinthe manner prescribedby law as ofthedate written tirst above. Signed this day of f Af L fÛ f 7 . at dlntA/ C . (Day) (Month) (Year) (City) (State) Borrower: Manuel Pereira Bv: hÍanuel P e Lender: Veludi Capital LLC Strategies, By: Chander K Goel 4