Document for Pulaski Development Llc v. Bushwick Economic Development Corp.

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                                FILED: KINGS COUNTY CLERK 12/07/2023 04:15 PM         INDEX NO. 535839/2023
NYSCEF DOC. NO. 4                               RECEIVED NYSCEF: 12/07/2023




                            EXHIBIT A
FILED: KINGS COUNTY CLERK 12/07/2023 04:15 PM                                                               INDEX NO. 535839/2023
NYSCEF DOC. NO. 4                                                                                  RECEIVED NYSCEF: 12/07/2023




                                                       Promlrrorv Notc


                                                                                                  Brooklyr, NY
                                                                                                   lw.*26'2017
              $4oo,ooo.oo
                      For vaiue rcccivcd, BUSHIT|ICIi ECONOMIC DBVELOPMENT CORP,, aNew York aot-
              for-pmfit corporation (lho rDcbto/), witb rn addrcss of 6l Coopcr Shrot, Bmoklyo, Ny t 1207,
              ptorrlscs to p8y to the ordcr of PIJLASIG DE\TELOPMENT tLC C?ulslH Dcvclopnel{), at itr
              offiso at 341 \l/rllabout Strect, Bmokl,rl NY 11206, lha principal amount of Four Hundrcd
              lhousand and 00/100 Dollus ($400,000.00), togctha with iatsrwt at the ntc offive perccnt (SZo)
              per aruum &om July 1, 2017, which shull bc popble in 60 equal monthly instdhcnts of Seve n
              Thousssd Bigbt Hundrcd Egbty-Onc and 8V100 Doltars ($?,88L83) caotr paysble on tho first day
              of cach montb comsrcnoing with JuIn 20t8 througb aod Inclu.lilg Juue, 2023 all sct forth on
              Schedule I hcrcto.

                     AAcr maarity (wbetbcr at the stated maUIity, by accclcration or othorwisc) aty unpaid
              amounls dua uldcrthis Nota shall bcar lliEtcst at tlc rElo of l8% psr rDrua ousny uopaid balancc.

                     thc unpaid priacipal amou* ofthisNob roay bo prcpald by&aDebtor in vhole orin partat
              any time or 6om timc-to-timc wilbout prcoiuo or peoalf.

                    If ary iostaltraent of the Note bccoucs duc aad payrblc oa a Sahu&n Suaday or legol
             holiday uadcr tho laws oftbo Stoo ofNow Yorlg tho maturity fhercofsball bc excndcd to thc rcxl
              succccding busiaess day.

                    Upon &c occuncncc of aay oru or toorc oflhe followlng Evcnls of Defaulg thc prinoipal
             amount &ea temaining unpaid ofthis Notc (8s shox,! oB S,oheduto 1) sbsl bc inmedialcly duc and
             payable:

                              (o) Failurc ofthc Debtor to pay any irutslluent oflhis Notc urithin fvo days ofihe
                      datc ou wNsh suoh instsIlncnG is duc;

                             (b) Filiug bydro Debtorof! volrutsrypotition oral olswrrcckingraorganizatlon,
                     arrangcmcnts, rcadjustacat ofils dGbts or for any olhcr rcliefudcr thc Bankuptcy Act, as
                     anonded, or udcr any ottuirsolvoncy act or tew, stats orfcdeml, now orhocaicr o