ContractPromissory Note • May 5th, 2020 • Kentucky
Contract Type FiledMay 5th, 2020 JurisdictionEX-10.1 2 exhibit101promissorynotefo.htm EXHIBIT 10.1 EXHIBIT 10.1 PROMISSORY NOTE No. _____________________ $3,000,000.00 Date: October 15, 2013 Crestview Hills, Kentucky Maturity Date: November 1, 2018 1. AGREEMENT TO PAY. For value received, WESSCO, LLC, a Delaware limited liability company (the “Borrower”) hereby promises to pay to the order of THE BANK OF KENTUCKY, INC., a Kentucky banking corporation, its successors and assigns (the “Lender”), the principal sum of Three Million and 00/100 DOLLARS ($3,000,000.00) (the “Loan”), on or before November 1, 2018 (the “Maturity Date”), at the place and in the manner hereinafter provided, together with interest thereon at the rate or rates described below, and any and all other amounts which may be due and payable hereunder or under any of the Loan Documents (as hereinafter defined) from time to time. 2. INTEREST RATE. 2.1 Interest Prior to Default. The principal sum outstanding hereunder shall bear interest at a floating rate per annum e
ContractPromissory Note • May 5th, 2020 • Kentucky
Contract Type FiledMay 5th, 2020 JurisdictionEX-10.2 3 exhibit102promissorynotefo.htm EXHIBIT 10.2 EXHIBIT 10.2 PROMISSORY NOTE No. ______________________ $1,000,000.00 Date: October 15, 2013 Crestview Hills, Kentucky Due Date: October 14, 2019 1. AGREEMENT TO PAY. For value received, WESSCO, LLC, a Delaware limited liability company (“Borrower”) hereby promises to pay to the order of THE BANK OF KENTUCKY, INC., a Kentucky banking corporation, its successors and assigns (“Lender”), the lesser of (i) the principal sum of One Million and 00/100 DOLLARS ($1,000,000.00) (the “Maximum Commitment”), or (ii) the aggregate principal amount of all direct advances of the proceeds of this Note (each, an “Advance”) made by Lender to Borrower hereunder and outstanding as of such date, on or before October 14, 2019 (the “Maturity Date”), at the place and in the manner hereinafter provided, together with interest thereon at the rate or rates described below, and any and all other amounts which may be due and payable hereunder from time to time.
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