Preview
FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024
"A"
Exhibit
Promissory Note/Security Agreement/Personal Guaranty
FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024
THIS IS A COPY Page 1 of 3
DocuSign Envelope ID: 55BBSD19-AB96-4907-8A96-282D2982E03F
This is a cOpy view Of the Authoritative COpy held
FINANCING
AGREEMENT(SoleProprietorship) by the designated custodlan
AGREEMENT/PERSONAL
NOTE/SECURITY
PROMISSORY GUARANTY
Agreenant
No 976132
COMPLETENAMEANDADDRESS OF COMPLETE ANDADDRESS
NAME OFGUARANTOR COMPLETE OFDEBTOR
NAMEANDADDRESS
CREDITOR
Bankers
Healthcare
Group,LLC KarlHohm KeriJ, Hohmdjb/aKerlJ. Hohm,N.P.
10234W StalaRoad114 482WestAncNelEpa
Boulevard 482WestMcKelApsBodevard
DavieFL33324 Junction,AE5512s
Apache Apache
JunctiortA289120
(800)9904401
Thedateof1hisPrornissory Agreement/Personal
Note/Security Guaranty 'Agreemerif
toldec6vely notedbelowThepertiesandtheiraddresses
t isthedateofexecubon areasrailadedabove
FORCOMMERCIAL PURPOSES ANDVALUERECEIVED, DeNerdoesherebypromlee to payto Credigor
orits On$er,at theaddresslistedaboveorat suchotherlocationasotherwisedesignated by
Creditor,thetagalsumofNirety-Nine SixHundred
Thousand, FIRy-SevenDOLLARS andSixtyCENTS {$99,657.601, t e tolefofpayments
whichrepresents ofprincipal
plusintemstdueandwhichwit become
duehereunder ImmthedateofthisAgreement dateofthe Agreement,
untithematurity whichsurnsshotbepayaNo Innonthlyinstallnsols,
assetforlhintheAddendum hereb,whichisincorporatedherous
by
liis referena.Inaddi1ion
gothetotalsumofpaymenlsDeblerdoesherebypoornise
gopsyMterest payaNeopmputed dailyontheoutstandng principal oftie Agreement
balance detaminedasofthecloseef
business oneachday,commendng ontheitmdngdateanduptocelem monthpoortoI e$rstpayment date htenmInterest. whenappAcaMe, winbedueandpayableonemonthpriorlothelirstscheduled
monthly payment andwinbededucted from1he
emoungfunded
totheDeb1or
PAYMENT(S) OF
INTHEAMOtiNT BEGBINING
ON
THE PAYMENTCOlmlENCEMENT
DATE WILL BE
84 $1,186.40 REFLECTED VERBALVERIFICATION
ONTHERECORDED
I MRM.
PREPAYMENTt
PURSUANT OFTHISNOTE,
TOTHETERMS THISLOANMAYBEPREPAE) ORBlPARTATANYTIMEWITHOUT
B1WHOLE PENALTY 4
INTHEE!WENT PERMITTED
OFAPREPAYMENT UNDER
THETERMS
OFTHISAGREEMENT,
DESTOR
8HALLPAYOUTSTANDING
PRINCIPAL ACCRUE
BALANCE, BT, YOTHER
OUTSTANDBlG
FEESOWED. ..
AUTOMATIC PAYMENT (ACH).AApayments in accordancewhihINsNoteshaAbemodein theformof anACHransferdirecAyIromtheDebtor's De of anACH
authorizalion priorwrittenconsent
withoulgheCreditors aneventofdefault.
shallbeconsidered Shotdd
DebtorlaminateanACHauthorization
with of and s checkorother
non-ACH formofpaymentDeNoragrees10paya service, handling andaccounAng
expensefeetoCreditor of a
fromthemaking
resutdog inan to1111 (16%ofthe
paymentthendue - ,, . . o
DS .
NOTE:Pleaseconsult Ifyoudonolunderstand
yourCPAansorAtlemey thelarms,structure
andconditions thiscommese
regardng 4g1s
; PROMISSORY NOTE (I have read apd understand that I am executing a pro to I
DEFINITlDNS paper,"'Inslruments'.
*Equipmerg means enproperty
nowensubsequently usedorboughtforusebyDebtorInthebusiness and or add eÈxedtotheproperty"Chattal
'intangiMan"and'accounts"shaAhaveIhesamemeaning asdefinedundertheUniform Commerdal
Codeofthe Flodde shaA (induding,without eAaccounts
Amitation. receivable),
generafirdangltiles contract
withoutIlmilation.
(Induding, lightsandtaxrefunds) andal letu repossessed I (inci withowlirrdlation, and
imases] inalrumangs, andallInlerests of
Debiorin an guarangees,secudlyagreements andotherp roperty
seculing t hepayment or ofobligations foregoing. shall m eanproceeds whethercash
of anycharacter or
non-cash, *lmentory" ineansaAproperty,partsandaccessodes acquired t hroughDeMor's whether ornot in whichDeNor nowhasor maysubsequently acquireanyright, l igle
or
receivaMe' toDeMarIorgoodssoldbyDebtor or
"Accoungs
interest. means al accounts, agreements.drafts,orders anj3chooses In andotterformsof orhereafterreceivedbyor belonging
forserviceslendered byDeMorandallrightsofDebtor earned oryettobees I |r toseAofrenderservices. means thebenelltthaltheDebtor's business
acquiresbeyondghemerevalue
*A'
onSchedule attached hereto.
"AllPropertfmeansaApaperty
ofitscapitalstockandlangible asaresultofItsreputation.
assets, *SpedSc PlepettyI 19 theloAowingpropertyAllproperty
asdescribed
ofeverydesumiptiort
SECURITY INTEREST.DeNorgrantstoCreditor
a allof tile and ofDebtorinandtoAccounts Receivables,
Irweritory,
Instruments,
Equipment, Challel
Accoungs,
InlangiMes,
Paper.6ood Wil.Sped#c andAllProperty
Property of It T.:ollateral-).
TNssecurity
Interest loCredtorby Debtor
isgranged 10secureperformance en·
andpaymenlof
andIndebledness
obligalions ofDebtor toCreditor
hereu assetkirti .DeNor credtortomea UCC-1 Stagernent
Financing state.
intheappropriate
PAYMENT OFOBI.IGATIONS OFDE pay nysundueorthatInaybecome duepursuanttothisagreement. DebtorshallpaytoCredtorallamountsdueIntheformofcashand
Instrumanls.
negotiable Deblorshall Cdlat torpursuant
lothisageement intust forCredictandDeblorshanprorrptlytumovertheCollateral andtheprr=* thereol,
toCreditor.
forappsgation
against
theIndebt DeMor to Theorderandmethod
byCreditor, ofsuchappEcationagainsttheIndebtedness
istobeintheadedecrenon ofCredIorDebtor
she
payOpeditor
ondemand aAexpenses fredorpaidby in singorprotecting
ItsInterests,
sights
andremedies underlhissecudly plusinterest
agreement, onsuchamoung atthemaximumlegalrate
DEBTOR'S RE , IESAND MENx%,betitor warrants
represents, andagrees metaAinformaGon suppAed andstatements madebyDeMorInanyGnendal erestor accounting
statemerit or yestlengoranacu th,crsubsequent ofthissecurity
totheexecution agreement areandshallbetrue,correct,
complete, valldandgenuine. Deblorauthorbes Credilor
lofile at opAon, aAinfonne gr r Ananci- ments.Debtor shallpayAAcostsofanylilingsoffinancing statementsorotherpapers.Debtor shallpaypriorgodelinquency alllexes,charges, -gens
andass against theCollateral; .Debtq(a re10doso,Cradleratitsopilonnutypayanyofsuchitemsandshanbethesoleludge,esbetween itandDebtor, ofthelegality
of vandtythereof and
theartmet todischarge m. shallbecome partoftheindeNedness secured by1hissecurityagreernentandshallbepaidtoCredtorImmedalely andwithoutdemand, withinterest
thereon at mumlegalrate shan.atallUmes,
keeptheConsteral freeIromanyadverse lien,security
interest,orencumbranceandingoodorderandrepairandwillnotwesteordestroy theColleleral
of anypart andDeNor useotherCdlaletalInviolagon of anystaluleorordnance; andCredLor Ineyexamine andInspecttheCoAateralat anytlene,wherever located.Debtorshotprovide aA
documents to perfect, andpreserve Creditor's
interests
in theConateral, Indudingprovidngan2nandog slatements.Deb1or shaAnot,voluntarily subject
orinvoluntarily, theConabaral orits
proceeds, er proceeds to besutactedInanyInterest of any1ranstarea,
buyer, secured p e
arty. ncumbrance levy,e xecution,
attachrnent,garriishment ortNrdparty person.Detitor's
equipment, omcas andprinapalplaceofbusiness shallbein=hd attheeddress setfor1h above.DeMorshallnoBfyCreditor promptly in willingof enychanges in thelocationof
Debtor's pdndpel chiefexentiveotlicesor lisequipment or Irwentory,
indudnganyaddllonsanddscongnuances. Allprovisions
of thisFinandng Agreement areIncorporated hereinby
reference andshallbeconsideredmateflal
larmsofthlsSecurity
Agreement
EVENTS OFDEFAULT. Intheeventof default.timebeingoftheessence, theentireamountofprincipal
thenunpaid andasunpaidinterest sha1become, withoutnoticeordemand, attheoptionoftheCredlov,
immediatelydueandpayableEwntsofDefault shallindude,
bulnotbelinatedtothefollowing01· failwetopaytimelyanyamoual
Debtor's dueunderthisNole,di)Debtor against
lilesorhasinstituted Debtor
any
bankruptcyor insolvencyproceedngs or makesanyassignment forthebenefit
ofcreditors.
(s) Deb1or allof theDebtor's
sellssubs1aetially Essets, ora rnatenalchange intheDebtor.a voluntaryor involuntary
dissolution
ofDebler orghelilingofa petigion
10dssolvetheDebtor;Ov)Debtor comivits
fraudormakes any material
nisrepresentationa thisNote,(v)Debtor tailsloabidaby thetaansofthis Note; (vi)Debtor
c r
defaults
onanynote(s) orotheragreogrent(siDebtorcurrently or agreement(s|·
has.or anynote(s) Debtormpyhavein thefuture. (vii)deathofaguarantorIncaseof anyactiontakenandorsuilof
vethCreditor;
legalproceedinginsttutedbytheCreditor or anydesignee toenforcethecollectonofamounts dueundertheFinancingAgreement and/ortherelatedloandocuments executed therewithal.coalsandexpenses
incured,induding reasonable attomeyfeesandcosts, shalbepaidbyDebtorandbtGuarantor andshalbecome somuchadditional mdebtedness assearred bythisAgreement.
INTEREST
AFTER 1.rper
DEFAULT, theoccurrence
ofanEventofDefault,
Creditor
reserves
thedghttoincrease
theinterest
rateonInns
Notebythemaximum
interest underapplicable
ateanowable law.
TIMEISOFT)It ESSENCE. Tme1·softheessencehereof anEventofDefault
upontheoccurrenceof hereunder.Creditor
oritsassigns
nuyexercise
allfightsandremedies
provided andbylaw
br herein.
indudng,butnotlinitedto,theright10
makeallprincipal
gemainingonthisNoteandallottersumstmderorinrespect dueandpayable,
ofthisNotevnmediately withou1notce
ofdefault, ordemand
presenknent for
protest
payment, ornolice ofnonpaymentordishonor,
orothernotices
o ofanykindorcharacter,
rderrands asspeedied
except herein.Debtor
agrees
topayaAcostsofcollecting
anydelinquent
payments,
attomeys'
indudngreasonsNe fees.asparrrined lav
byapplicatfe
1.ATEPAYMENT, intheeventDeberfailstopayalloranyatrounttobepaidhereunder whendueDeblorwig payCreditoralatecharge equallothelesserof (a)10%ofthepayment thattslateand(b)the
maximum amount penrittedbyapplicablelaw.Thelatecharge isnotinterest
ora penally,
butrather.1s
aleeto defray
administrative fromsuchlatepayment
costs+esulting WAlVER. Debtorhornby waives
noticeofnonpayment
presentment. orashonor, noticeofprotest.
protest, demand andat othernotices
inconnectionwithinedelivery,
acceptance performance,default
oronforcervent ofthisagreernentThe
Creditor
shallnotbedeemed, byanyactofomission orconnession,tohaveventedanyofitsrightsorremodes hereunder unlesssuchwaiverisinwri1ingandsignedby such holder
and1hen onlytotheextent
setforthinwritng.Awaiver
specificaAy withreference toorgeeventshallnotbeconstuedascongnumg orasabarloorwaiver of anyrightorremedy astoasubsequent event.Nodelayoromission oftheCred1or
10exercise
anygight,whether before oralleradefaulthereunder,shallimpairanysuchrightorshallbeconstrued10bea veiverofanyrightordefatst, andtheacceptanceat anytimebytheholderhereofof any
pastdueamount, whether infullorinpart,shallnotbedeerned tobeawaiveroftherighttorequire promptpayment whendueof anyotheramounts thenorthereafter
dueandpayable.
TERMINATION, Uponpayment infutofanprincipalandaninterestasprovidedinthisagreement.
thisagreernant
shallbedeemed cancelledandtenrinated. ofthisagreement,
Uponmaturity whether
by
acceleration
ofinduecourse,interest
shallberecalculated
overtheactual"ife
oftheloanbasedupontheamounts outstanding,andifthetotalamoung
of Interesi
thereIofore
paidexceedstheamountpermitted
to
bepaidunderappicable
law,rule,orregulatonineffecttomlivneto gme,theexcess shallbecredtedtoPrindpal.
orif suchexcess
exceeds thePrindpalamount duehereunder,
refunded
lotheDeber
FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024
NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024
THIS IS A COPY Page 2 Of3
DocuSign Envelope ID: SSBBSD19-A896-4907-8A96-282D2982EO3F
This Is a copy view Of the AuthOrltative COpy held
'
by the designated l4an
II. SECURITY AGREEMENT (I have read and understand I am executing a security agreement and acknowledge
that a UCC-1 Financing Statement will be filed In the appropriate state NTIAL:)
OTHER REPRESENTATIONS
AS$1GNMENT, Without of Creetor,Debtorshallnotsea.leaseor anowanyLionathermanCrednor's
thepriorwrittenconsent secudtyinterest
against anItemofConateral orassignanyofDebtorsoMiga1ons
hereunderDebtors oMigationshotelmder arenotassignable
byoperationoffaw,Creditormayatanytime,initsteledecretion,assignor olhermsetransfer1hisagreementoranyofitsrightsoroMigationsunder
ullhoutnoscetoDebtorIf Debtorisgivennoticeofsuchassigrrnent,
thisA0neernent. Debtorsha3acknowledgethefeceiptoftheassignment in wrilingendshallthereafter
payanyamoun1s duehereunder as
drededinthenotice.Therightsoftheassignes 10agnountsduehereunder shallbefreeof anyclaimor defense
DeMormayhaveagainst andDeblorknowingly,
Creditor, andm1entionally
voluntarily agreesto
waiveandnolasserg against
any assignees anyclaimor defense
D ebtormay ordoes have against andrernedies
CreditorAIIrights ofCredier m ay beassigned. orothervñse
transferred disposedo f,either
in
wholeorin part,10anypersonortoDebtor,
COMPt.1ANCE AGREEMENT, Forandinconsideration
oftheCreditor
enlanagintoandfundingbe surnssought byDebtor withthesubject
inconnection Agreenant anforcreditfaclity.andinconsideration
of
he subject Debtor
transacson, ageestocooperateprompllywithCred1or,
itsagents intheconec6pn
an orassigns, orcompletonoftheloandosingdocunwnis, if considered
necessary ordesirable
byCreditor
and/or
itsagentsandlerassagas, retecttheagreernant
to accurately oftheparties.Debtor
understandsthatthismayindudetheexeculon ofareplacementAgreement, areplacement Secudly Agreement,orUCC
1Financing theageeduponterms,inwhichcasetheCredger
torepes.t
Stalements. agreesloretumtheoliginalofthereplaced
docurrents loDebut.Inaddlion,Debtoracknowledgesthatsomeoral oftheloan
domingdocumen1swereor mayt1avebeenaxacutedinadvance ofthedateonwhichthesutectloonmesIbnded andthat,assuch,certainoftheInformalion
setforthontheloandosingdocumenis nayhavenot
beencorrlplete.
Debtor
agrees intheAlingofanydocumentation
10cooperate neededtoestablish
andmginlain or
canyany,LLCdWa anysuch
theDebtor's corporate andallows
entity Creditor1he
rigMtolilethe
sameonitsbehalf
FORM 4500-T:"REQUEST FORTRANSCRIPT OFTAXRETURN"fFORM 8821:"TAXINFORMATON AUTHORIZATION", DuringtAuthorization'
hetermofthisAgreement DeMoragrees matuponrequest ofCredi1or,
its
successorsorassigns,
Deb1orwillfurnish
a signedForm4506-T·'Request forTrarscriptofTaxRetum" ORForm8821.'rax InformaUon Further,DebtoracknowledgesandagreesthatCreditorits
successorsandassignshavetherightb. a1Creditors
decre1ion,requestandreviewDeblors ofTaxRegan.
Transcsipt orTaxmformaEon Authorizationduringmetermofthiscommercial loan
APPLICABLE LAWlJURISDICTION & VENUE.Thetermsof theFinandng Agreement andel loandocuments executedherewith
shellbegovemed byandconstrued Inaccoldence thesubstandve and
procedurelawsoftheStateofArizona, oftheprindples
exclusive ofconnict
oflaws.Venuekit anyactionbrought shanbethecholee
hereunder, oftheCredim3, andshalbeEndled 10the County,Arizona or
Onondaga NewYork,or,if theacdoninvolves
County, orisbrou t against ina slatacourtInthecountywheresuchCollateral
theCollateral, islocated,whererequared 10enforce as10or against
theColateral,
unlessCreditor
seleclsanalternativeforum.Debtor a pees10 subntlt oIhepersonal jurisdidion
oftheappropriate
courtI ntheSlate ofArizona,, intw County, 18ofNew York
Onondaga toral suchdsputes.Deblerexpressly
County, naivespersonal service
ofprocess andauthorizes service
ofprocessonDebtorbyregistered maRorcer9Aed by a national
service
delivery sentloDeblor's
address assetformintheIrib=h=*wy paragraphofthisAgreement orsuchothermanner asmaybepernlitted underappicalde law.The ghttheDebler
mayhaveto Iransfer or changethevenueof anylingeAen broughtagainstDeMorbyCredtor,theright10interpose anydefenseor modonbasedonFasgsir g,sizi anydaimfor
parlithe
consequendel, damages.
orspecial ..
THEDEBTOR ANDALLOTHERS WHOMAYBECOME LIABLEFORALLORANYPARTOFTHisOBLIGATION, JOINTLY ANDSEVERALlX,yiMlVE AND HEIR A TRIALBY
JURYIN RESPECT TOANYLITIGATION ORPROCEEDING, HICLUDING ASTOCOUNTERCLAIM BROUGHT BYORAGAINST D ANY FROMTHIS
AGREEMENT, THESECUNITY AGREEMENT INCLUDED HEREDI, AND ANY OTHER D OCUMENTS AND AGREEMENT EXECUTED NCTION THIS SACT IN CONTRACT,
INTORTOROTHERWISE. THETERMS OFTHISJURYTRIALWANERANDDESTOR'S AGREEMENT HERETO ISA MATER AA.IN NTTO, OR INTOTHISTRANSACTION
DEBTOR FURTHER WAlVES ANYRIGHT TOREMOVE ANYBTATE COURT ACTION TOFEDERAL COURT. -
. .- DS
(I have read and understand the applicable law, jurisdiction, venue a aivers I IAL:
NOTICE.AnynoucetoCreditor onlyonitsreceiptbyCreditor
winbeeffective givingnotice sentby thenotice,postage
prepaid; o-rbynationagy
byhand-delivery
recognizedovernight seum·totheDebtor
delivery attheaddress
slaladinthisagreement.
De )hat bedeemed to notice edwiththeUnited StatesPostalService
ontheearlierofthe1hird
(3"')business ofthenoticeorthedeleofactualreceiptIn1heeventof
dayaAerthepostine byhandor by . Denior
shalbedeemed tohavereceivedanysuchnoliceonthedateof
actualdelivery
ofthesame
BINDINGEFFECT,
Thisagreementshallinureto1hebeneAt
oIandbetilndngcig9 pse successore
. adrrdalstrators, oftherespective
andassigns however
subject,
parlies, tothereslfidlon
against
assignment
byDebtor,These
obilgationsowedbyDebtor(s)
andanÆngrepigr shall (ndseveralageement ofansignin0.
-
FURTHER ASSURANCES. Deblorshallprovideat paya) feesand udng,butnotArreled stateDocumentary
lo,appropriate Stampsj r==y toperfect,
Preview
FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024 "A" Exhibit Promissory Note/Security Agreement/Personal Guaranty FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024 THIS IS A COPY Page 1 of 3 DocuSign Envelope ID: 55BBSD19-AB96-4907-8A96-282D2982E03F This is a cOpy view Of the Authoritative COpy held FINANCING AGREEMENT(SoleProprietorship) by the designated custodlan AGREEMENT/PERSONAL NOTE/SECURITY PROMISSORY GUARANTY Agreenant No 976132 COMPLETENAMEANDADDRESS OF COMPLETE ANDADDRESS NAME OFGUARANTOR COMPLETE OFDEBTOR NAMEANDADDRESS CREDITOR Bankers Healthcare Group,LLC KarlHohm KeriJ, Hohmdjb/aKerlJ. Hohm,N.P. 10234W StalaRoad114 482WestAncNelEpa Boulevard 482WestMcKelApsBodevard DavieFL33324 Junction,AE5512s Apache Apache JunctiortA289120 (800)9904401 Thedateof1hisPrornissory Agreement/Personal Note/Security Guaranty 'Agreemerif toldec6vely notedbelowThepertiesandtheiraddresses t isthedateofexecubon areasrailadedabove FORCOMMERCIAL PURPOSES ANDVALUERECEIVED, DeNerdoesherebypromlee to payto Credigor orits On$er,at theaddresslistedaboveorat suchotherlocationasotherwisedesignated by Creditor,thetagalsumofNirety-Nine SixHundred Thousand, FIRy-SevenDOLLARS andSixtyCENTS {$99,657.601, t e tolefofpayments whichrepresents ofprincipal plusintemstdueandwhichwit become duehereunder ImmthedateofthisAgreement dateofthe Agreement, untithematurity whichsurnsshotbepayaNo Innonthlyinstallnsols, assetforlhintheAddendum hereb,whichisincorporatedherous by liis referena.Inaddi1ion gothetotalsumofpaymenlsDeblerdoesherebypoornise gopsyMterest payaNeopmputed dailyontheoutstandng principal oftie Agreement balance detaminedasofthecloseef business oneachday,commendng ontheitmdngdateanduptocelem monthpoortoI e$rstpayment date htenmInterest. whenappAcaMe, winbedueandpayableonemonthpriorlothelirstscheduled monthly payment andwinbededucted from1he emoungfunded totheDeb1or PAYMENT(S) OF INTHEAMOtiNT BEGBINING ON THE PAYMENTCOlmlENCEMENT DATE WILL BE 84 $1,186.40 REFLECTED VERBALVERIFICATION ONTHERECORDED I MRM. PREPAYMENTt PURSUANT OFTHISNOTE, TOTHETERMS THISLOANMAYBEPREPAE) ORBlPARTATANYTIMEWITHOUT B1WHOLE PENALTY 4 INTHEE!WENT PERMITTED OFAPREPAYMENT UNDER THETERMS OFTHISAGREEMENT, DESTOR 8HALLPAYOUTSTANDING PRINCIPAL ACCRUE BALANCE, BT, YOTHER OUTSTANDBlG FEESOWED. .. AUTOMATIC PAYMENT (ACH).AApayments in accordancewhihINsNoteshaAbemodein theformof anACHransferdirecAyIromtheDebtor's De of anACH authorizalion priorwrittenconsent withoulgheCreditors aneventofdefault. shallbeconsidered Shotdd DebtorlaminateanACHauthorization with of and s checkorother non-ACH formofpaymentDeNoragrees10paya service, handling andaccounAng expensefeetoCreditor of a fromthemaking resutdog inan to1111 (16%ofthe paymentthendue - ,, . . o DS . NOTE:Pleaseconsult Ifyoudonolunderstand yourCPAansorAtlemey thelarms,structure andconditions thiscommese regardng 4g1s ; PROMISSORY NOTE (I have read apd understand that I am executing a pro to I DEFINITlDNS paper,"'Inslruments'. *Equipmerg means enproperty nowensubsequently usedorboughtforusebyDebtorInthebusiness and or add eÈxedtotheproperty"Chattal 'intangiMan"and'accounts"shaAhaveIhesamemeaning asdefinedundertheUniform Commerdal Codeofthe Flodde shaA (induding,without eAaccounts Amitation. receivable), generafirdangltiles contract withoutIlmilation. (Induding, lightsandtaxrefunds) andal letu repossessed I (inci withowlirrdlation, and imases] inalrumangs, andallInlerests of Debiorin an guarangees,secudlyagreements andotherp roperty seculing t hepayment or ofobligations foregoing. shall m eanproceeds whethercash of anycharacter or non-cash, *lmentory" ineansaAproperty,partsandaccessodes acquired t hroughDeMor's whether ornot in whichDeNor nowhasor maysubsequently acquireanyright, l igle or receivaMe' toDeMarIorgoodssoldbyDebtor or "Accoungs interest. means al accounts, agreements.drafts,orders anj3chooses In andotterformsof orhereafterreceivedbyor belonging forserviceslendered byDeMorandallrightsofDebtor earned oryettobees I |r toseAofrenderservices. means thebenelltthaltheDebtor's business acquiresbeyondghemerevalue *A' onSchedule attached hereto. "AllPropertfmeansaApaperty ofitscapitalstockandlangible asaresultofItsreputation. assets, *SpedSc PlepettyI 19 theloAowingpropertyAllproperty asdescribed ofeverydesumiptiort SECURITY INTEREST.DeNorgrantstoCreditor a allof tile and ofDebtorinandtoAccounts Receivables, Irweritory, Instruments, Equipment, Challel Accoungs, InlangiMes, Paper.6ood Wil.Sped#c andAllProperty Property of It T.:ollateral-). TNssecurity Interest loCredtorby Debtor isgranged 10secureperformance en· andpaymenlof andIndebledness obligalions ofDebtor toCreditor hereu assetkirti .DeNor credtortomea UCC-1 Stagernent Financing state. intheappropriate PAYMENT OFOBI.IGATIONS OFDE pay nysundueorthatInaybecome duepursuanttothisagreement. DebtorshallpaytoCredtorallamountsdueIntheformofcashand Instrumanls. negotiable Deblorshall Cdlat torpursuant lothisageement intust forCredictandDeblorshanprorrptlytumovertheCollateral andtheprr=* thereol, toCreditor. forappsgation against theIndebt DeMor to Theorderandmethod byCreditor, ofsuchappEcationagainsttheIndebtedness istobeintheadedecrenon ofCredIorDebtor she payOpeditor ondemand aAexpenses fredorpaidby in singorprotecting ItsInterests, sights andremedies underlhissecudly plusinterest agreement, onsuchamoung atthemaximumlegalrate DEBTOR'S RE , IESAND MENx%,betitor warrants represents, andagrees metaAinformaGon suppAed andstatements madebyDeMorInanyGnendal erestor accounting statemerit or yestlengoranacu th,crsubsequent ofthissecurity totheexecution agreement areandshallbetrue,correct, complete, valldandgenuine. Deblorauthorbes Credilor lofile at opAon, aAinfonne gr r Ananci- ments.Debtor shallpayAAcostsofanylilingsoffinancing statementsorotherpapers.Debtor shallpaypriorgodelinquency alllexes,charges, -gens andass against theCollateral; .Debtq(a re10doso,Cradleratitsopilonnutypayanyofsuchitemsandshanbethesoleludge,esbetween itandDebtor, ofthelegality of vandtythereof and theartmet todischarge m. shallbecome partoftheindeNedness secured by1hissecurityagreernentandshallbepaidtoCredtorImmedalely andwithoutdemand, withinterest thereon at mumlegalrate shan.atallUmes, keeptheConsteral freeIromanyadverse lien,security interest,orencumbranceandingoodorderandrepairandwillnotwesteordestroy theColleleral of anypart andDeNor useotherCdlaletalInviolagon of anystaluleorordnance; andCredLor Ineyexamine andInspecttheCoAateralat anytlene,wherever located.Debtorshotprovide aA documents to perfect, andpreserve Creditor's interests in theConateral, Indudingprovidngan2nandog slatements.Deb1or shaAnot,voluntarily subject orinvoluntarily, theConabaral orits proceeds, er proceeds to besutactedInanyInterest of any1ranstarea, buyer, secured p e arty. ncumbrance levy,e xecution, attachrnent,garriishment ortNrdparty person.Detitor's equipment, omcas andprinapalplaceofbusiness shallbein=hd attheeddress setfor1h above.DeMorshallnoBfyCreditor promptly in willingof enychanges in thelocationof Debtor's pdndpel chiefexentiveotlicesor lisequipment or Irwentory, indudnganyaddllonsanddscongnuances. Allprovisions of thisFinandng Agreement areIncorporated hereinby reference andshallbeconsideredmateflal larmsofthlsSecurity Agreement EVENTS OFDEFAULT. Intheeventof default.timebeingoftheessence, theentireamountofprincipal thenunpaid andasunpaidinterest sha1become, withoutnoticeordemand, attheoptionoftheCredlov, immediatelydueandpayableEwntsofDefault shallindude, bulnotbelinatedtothefollowing01· failwetopaytimelyanyamoual Debtor's dueunderthisNole,di)Debtor against lilesorhasinstituted Debtor any bankruptcyor insolvencyproceedngs or makesanyassignment forthebenefit ofcreditors. (s) Deb1or allof theDebtor's sellssubs1aetially Essets, ora rnatenalchange intheDebtor.a voluntaryor involuntary dissolution ofDebler orghelilingofa petigion 10dssolvetheDebtor;Ov)Debtor comivits fraudormakes any material nisrepresentationa thisNote,(v)Debtor tailsloabidaby thetaansofthis Note; (vi)Debtor c r defaults onanynote(s) orotheragreogrent(siDebtorcurrently or agreement(s|· has.or anynote(s) Debtormpyhavein thefuture. (vii)deathofaguarantorIncaseof anyactiontakenandorsuilof vethCreditor; legalproceedinginsttutedbytheCreditor or anydesignee toenforcethecollectonofamounts dueundertheFinancingAgreement and/ortherelatedloandocuments executed therewithal.coalsandexpenses incured,induding reasonable attomeyfeesandcosts, shalbepaidbyDebtorandbtGuarantor andshalbecome somuchadditional mdebtedness assearred bythisAgreement. INTEREST AFTER 1.rper DEFAULT, theoccurrence ofanEventofDefault, Creditor reserves thedghttoincrease theinterest rateonInns Notebythemaximum interest underapplicable ateanowable law. TIMEISOFT)It ESSENCE. Tme1·softheessencehereof anEventofDefault upontheoccurrenceof hereunder.Creditor oritsassigns nuyexercise allfightsandremedies provided andbylaw br herein. indudng,butnotlinitedto,theright10 makeallprincipal gemainingonthisNoteandallottersumstmderorinrespect dueandpayable, ofthisNotevnmediately withou1notce ofdefault, ordemand presenknent for protest payment, ornolice ofnonpaymentordishonor, orothernotices o ofanykindorcharacter, rderrands asspeedied except herein.Debtor agrees topayaAcostsofcollecting anydelinquent payments, attomeys' indudngreasonsNe fees.asparrrined lav byapplicatfe 1.ATEPAYMENT, intheeventDeberfailstopayalloranyatrounttobepaidhereunder whendueDeblorwig payCreditoralatecharge equallothelesserof (a)10%ofthepayment thattslateand(b)the maximum amount penrittedbyapplicablelaw.Thelatecharge isnotinterest ora penally, butrather.1s aleeto defray administrative fromsuchlatepayment costs+esulting WAlVER. Debtorhornby waives noticeofnonpayment presentment. orashonor, noticeofprotest. protest, demand andat othernotices inconnectionwithinedelivery, acceptance performance,default oronforcervent ofthisagreernentThe Creditor shallnotbedeemed, byanyactofomission orconnession,tohaveventedanyofitsrightsorremodes hereunder unlesssuchwaiverisinwri1ingandsignedby such holder and1hen onlytotheextent setforthinwritng.Awaiver specificaAy withreference toorgeeventshallnotbeconstuedascongnumg orasabarloorwaiver of anyrightorremedy astoasubsequent event.Nodelayoromission oftheCred1or 10exercise anygight,whether before oralleradefaulthereunder,shallimpairanysuchrightorshallbeconstrued10bea veiverofanyrightordefatst, andtheacceptanceat anytimebytheholderhereofof any pastdueamount, whether infullorinpart,shallnotbedeerned tobeawaiveroftherighttorequire promptpayment whendueof anyotheramounts thenorthereafter dueandpayable. TERMINATION, Uponpayment infutofanprincipalandaninterestasprovidedinthisagreement. thisagreernant shallbedeemed cancelledandtenrinated. ofthisagreement, Uponmaturity whether by acceleration ofinduecourse,interest shallberecalculated overtheactual"ife oftheloanbasedupontheamounts outstanding,andifthetotalamoung of Interesi thereIofore paidexceedstheamountpermitted to bepaidunderappicable law,rule,orregulatonineffecttomlivneto gme,theexcess shallbecredtedtoPrindpal. orif suchexcess exceeds thePrindpalamount duehereunder, refunded lotheDeber FILED: ONONDAGA COUNTY CLERK 04/30/2024 10:47 AM INDEX NO. 004563/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/30/2024 THIS IS A COPY Page 2 Of3 DocuSign Envelope ID: SSBBSD19-A896-4907-8A96-282D2982EO3F This Is a copy view Of the AuthOrltative COpy held ' by the designated l4an II. SECURITY AGREEMENT (I have read and understand I am executing a security agreement and acknowledge that a UCC-1 Financing Statement will be filed In the appropriate state NTIAL:) OTHER REPRESENTATIONS AS$1GNMENT, Without of Creetor,Debtorshallnotsea.leaseor anowanyLionathermanCrednor's thepriorwrittenconsent secudtyinterest against anItemofConateral orassignanyofDebtorsoMiga1ons hereunderDebtors oMigationshotelmder arenotassignable byoperationoffaw,Creditormayatanytime,initsteledecretion,assignor olhermsetransfer1hisagreementoranyofitsrightsoroMigationsunder ullhoutnoscetoDebtorIf Debtorisgivennoticeofsuchassigrrnent, thisA0neernent. Debtorsha3acknowledgethefeceiptoftheassignment in wrilingendshallthereafter payanyamoun1s duehereunder as drededinthenotice.Therightsoftheassignes 10agnountsduehereunder shallbefreeof anyclaimor defense DeMormayhaveagainst andDeblorknowingly, Creditor, andm1entionally voluntarily agreesto waiveandnolasserg against any assignees anyclaimor defense D ebtormay ordoes have against andrernedies CreditorAIIrights ofCredier m ay beassigned. orothervñse transferred disposedo f,either in wholeorin part,10anypersonortoDebtor, COMPt.1ANCE AGREEMENT, Forandinconsideration oftheCreditor enlanagintoandfundingbe surnssought byDebtor withthesubject inconnection Agreenant anforcreditfaclity.andinconsideration of he subject Debtor transacson, ageestocooperateprompllywithCred1or, itsagents intheconec6pn an orassigns, orcompletonoftheloandosingdocunwnis, if considered necessary ordesirable byCreditor and/or itsagentsandlerassagas, retecttheagreernant to accurately oftheparties.Debtor understandsthatthismayindudetheexeculon ofareplacementAgreement, areplacement Secudly Agreement,orUCC 1Financing theageeduponterms,inwhichcasetheCredger torepes.t Stalements. agreesloretumtheoliginalofthereplaced docurrents loDebut.Inaddlion,Debtoracknowledgesthatsomeoral oftheloan domingdocumen1swereor mayt1avebeenaxacutedinadvance ofthedateonwhichthesutectloonmesIbnded andthat,assuch,certainoftheInformalion setforthontheloandosingdocumenis nayhavenot beencorrlplete. Debtor agrees intheAlingofanydocumentation 10cooperate neededtoestablish andmginlain or canyany,LLCdWa anysuch theDebtor's corporate andallows entity Creditor1he rigMtolilethe sameonitsbehalf FORM 4500-T:"REQUEST FORTRANSCRIPT OFTAXRETURN"fFORM 8821:"TAXINFORMATON AUTHORIZATION", DuringtAuthorization' hetermofthisAgreement DeMoragrees matuponrequest ofCredi1or, its successorsorassigns, Deb1orwillfurnish a signedForm4506-T·'Request forTrarscriptofTaxRetum" ORForm8821.'rax InformaUon Further,DebtoracknowledgesandagreesthatCreditorits successorsandassignshavetherightb. a1Creditors decre1ion,requestandreviewDeblors ofTaxRegan. Transcsipt orTaxmformaEon Authorizationduringmetermofthiscommercial loan APPLICABLE LAWlJURISDICTION & VENUE.Thetermsof theFinandng Agreement andel loandocuments executedherewith shellbegovemed byandconstrued Inaccoldence thesubstandve and procedurelawsoftheStateofArizona, oftheprindples exclusive ofconnict oflaws.Venuekit anyactionbrought shanbethecholee hereunder, oftheCredim3, andshalbeEndled 10the County,Arizona or Onondaga NewYork,or,if theacdoninvolves County, orisbrou t against ina slatacourtInthecountywheresuchCollateral theCollateral, islocated,whererequared 10enforce as10or against theColateral, unlessCreditor seleclsanalternativeforum.Debtor a pees10 subntlt oIhepersonal jurisdidion oftheappropriate courtI ntheSlate ofArizona,, intw County, 18ofNew York Onondaga toral suchdsputes.Deblerexpressly County, naivespersonal service ofprocess andauthorizes service ofprocessonDebtorbyregistered maRorcer9Aed by a national service delivery sentloDeblor's address assetformintheIrib=h=*wy paragraphofthisAgreement orsuchothermanner asmaybepernlitted underappicalde law.The ghttheDebler mayhaveto Iransfer or changethevenueof anylingeAen broughtagainstDeMorbyCredtor,theright10interpose anydefenseor modonbasedonFasgsir g,sizi anydaimfor parlithe consequendel, damages. orspecial .. THEDEBTOR ANDALLOTHERS WHOMAYBECOME LIABLEFORALLORANYPARTOFTHisOBLIGATION, JOINTLY ANDSEVERALlX,yiMlVE AND HEIR A TRIALBY JURYIN RESPECT TOANYLITIGATION ORPROCEEDING, HICLUDING ASTOCOUNTERCLAIM BROUGHT BYORAGAINST D ANY FROMTHIS AGREEMENT, THESECUNITY AGREEMENT INCLUDED HEREDI, AND ANY OTHER D OCUMENTS AND AGREEMENT EXECUTED NCTION THIS SACT IN CONTRACT, INTORTOROTHERWISE. THETERMS OFTHISJURYTRIALWANERANDDESTOR'S AGREEMENT HERETO ISA MATER AA.IN NTTO, OR INTOTHISTRANSACTION DEBTOR FURTHER WAlVES ANYRIGHT TOREMOVE ANYBTATE COURT ACTION TOFEDERAL COURT. - . .- DS (I have read and understand the applicable law, jurisdiction, venue a aivers I IAL: NOTICE.AnynoucetoCreditor onlyonitsreceiptbyCreditor winbeeffective givingnotice sentby thenotice,postage prepaid; o-rbynationagy byhand-delivery recognizedovernight seum·totheDebtor delivery attheaddress slaladinthisagreement. De )hat bedeemed to notice edwiththeUnited StatesPostalService ontheearlierofthe1hird (3"')business ofthenoticeorthedeleofactualreceiptIn1heeventof dayaAerthepostine byhandor by . Denior shalbedeemed tohavereceivedanysuchnoliceonthedateof actualdelivery ofthesame BINDINGEFFECT, Thisagreementshallinureto1hebeneAt oIandbetilndngcig9 pse successore . adrrdalstrators, oftherespective andassigns however subject, parlies, tothereslfidlon against assignment byDebtor,These obilgationsowedbyDebtor(s) andanÆngrepigr shall (ndseveralageement ofansignin0. - FURTHER ASSURANCES. Deblorshallprovideat paya) feesand udng,butnotArreled stateDocumentary lo,appropriate Stampsj r==y toperfect,