Repayment of Promissory Notes. As a result of the Merger and the transactions contemplated thereby, the promissory notes issued to the Company by each of Xxxx Xxxxxxxx in the amount of $364,500 (the "Xxxxxxxx Note"), Xxxxxxx X. Xxxxxxx, Xx. in the amount of $121,500 (the "Xxxxxxx Note") and Xxxxxx X. Xxxxx in the amount of $121,500 (the "Xxxxx Note") each become immediately due and payable.
Appears in 4 contracts
Samples: Merger Agreement (Marietta Corp), Merger Agreement (Marietta Corp), Merger Agreement (Marietta Corp)
