PROMISSORY NOTEPromissory Note • July 17th, 2018 • Legion Capital Corp • Investment advice
Contract Type FiledJuly 17th, 2018 Company IndustryFOR VALUED RECEIVED, the undersigned, LEGION ARB LLC, a Florida limited liability company (the “Borrower”), having its office at 301 E. Pine Street, Suite 850, Orlando, Florida 32801, promises to pay to the order of ROBERT E. SMITH AND JOHN T. GARVER, II, as designees for A.R. Bailey Homes, LLC under an associated Asset Purchase Agreement dated June 8, 2018 that provides for possible adjustments to the amounts due under this Promissory Note, (the “Lender”), having their office at 1950 E. Irlo Bronson Highway, Suite 200, Kissimmee, FL 34744, the principal sum of THREE MILLION FIVE HUNDRED THOUSAND DOLLARS ($3,500,000) (the “Principal Sum”), together with interest on the principal, in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of payment; said principal and interest to be in the manner following, to wit:
PROMISSORY NOTEPromissory Note • July 17th, 2018 • Legion Capital Corp • Investment advice
Contract Type FiledJuly 17th, 2018 Company IndustryFOR VALUED RECEIVED, the undersigned, LEGION ARB LLC, a Florida limited liability company (the “Borrower”), having its office at 301 E. Pine Street, Suite 850, Orlando, Florida 32801, promises to pay to the order of ROBERT E. SMITH AND JOHN T. GARVER, II, as designees for A.R. Bailey Homes, LLC under an associated Asset Purchase Agreement dated June 8, 2018 that provides for possible adjustments to the amounts due under this Promissory Note, (the “Lender”), having their office at 1950 E. Irlo Bronson Highway, Suite 200, Kissimmee, FL 34744, the principal sum of EIGHT HUNDRED THOUSAND DOLLARS (“$800,000”) (the “Principal Sum”), together with interest on the principal, in lawful money of the United States of America which shall be legal tender in payment of all debts at the time of payment; said principal and interest to be in the manner following, to wit: