Randxxx X. Xxx ------------------------------------ Name of Employee: Randxxx X. Xxx Xxecuted, sealed and delivered in the presence of: /s/ Anitx Xxxx --------------------- Name of Witness: PROMISSORY NOTE AND SECURITY AGREEMENT $50,000.00 January 4, 1999 FOR VALUE RECEIVED, Randxxx X. Xxx, xxo resides at 10410 Xxxxxxxxxxx Xxxxx, Xxxxx, Xxxxxxx 00000 (xxreinafter referred to as the "Employee"), hereby promises to pay to the order of Summit Properties Inc., a Maryland corporation with its principal place of business at 212 Xxxxx Xxxxx Xxxxxx, Suite 500, Charlotte, North Carolina 28281 (hereinafter referred to as the "Company"), the principal amount of $50,000.00 together with interest thereon as provided below subject to the terms and conditions set forth herein.
Randxxx X. Xxxxxx xxx Lawrxxxx Xxxxx xxxll have duly executed and delivered to Acquiror an Employment Agreement substantially in the form of Exhibit D;
Randxxx X. Xxxxxxxx Joe Xxxxxxxx (xxr himself and as Custodian for Joe Xxxxxxxx XX and Philxxx Xxxxxxx Xxxxxxxx) Russxxx X. Xxxxxxxx Joe Xxxxxx Louix X. Xxxx, Xx. Normxx Xxxxxxxx 89 NAME ---- Joe Xxxxxx Xxxxxxxx Richxxx Xxxxxxxx Howaxx X. Xxxxxx Leslxx Xxxxxxxxx
Randxxx X. Xxxxxxxx xxx been appointed, pursuant to the Purchase Agreement, as the agent and representative of each of the Atrium Indemnitors other than Heritage.
Randxxx X. Xxxxx xx the legal and beneficial holder of the Smitx Xxxurities as set forth on Schedule A hereto next to his name. Randxxx X. Xxxxx xxx neither previously sold, assigned, conveyed, transferred or otherwise disposed of, in whole or in part, his securities constituting all or a portion of the Smitx Xxxurities, nor, as of the date hereof, has entered into any agreement to sell, assign, convey, transfer or otherwise dispose of, in whole or in part, such securities.
Randxxx X. Xxx --------------------------------- Randxxx X. Xxx Xxecuted, sealed and delivered in the presence of: /s/ Judixx XxXxxx ----------------------- Name of Witness:
