LOAN AGREEMENT (Revolving Line of Credit)Loan Agreement • August 7th, 2006 • Good Times Restaurants Inc • Retail-eating places • Colorado
THIS LOAN AGREEMENT (as it may be amended, supplemented, extended or renewed from time to time, the "Agreement") is made as of August 7, 2006 by and among PFGI II, LLC., a Colorado limited liability company, (the "Lender"), GOOD TIMES DRIVE THRU, INC., a Colorado corporation ("Borrower") and GOOD TIMES RESTAURANTS INC., a Nevada corporation ("Co-Maker").
PROMISSORY NOTE (Leasehold Loan - Revolving)Promissory Note • August 7th, 2006 • Good Times Restaurants Inc • Retail-eating places
FOR VALUE RECEIVED, the undersigned GOOD TIMES DRIVE THRU, INC., a Colorado corporation ("GT Drive Thru") and GOOD TIMES RESTAURANTS INC., a Nevada corporation (collectively, "Maker"), hereby jointly, severally and unconditionally promise to pay to the order of PFGI II, LLC, a Colorado limited liability company or order ("Holder"), the principal sum of One Million Dollars ($1,000,000), or so much of that sum as may be advanced under this Promissory Note, together with interest accruing at the rate of the Prime Rate, as hereinafter defined, plus two percent (2%) per annum on the unpaid principal balance as set forth below. Such principal and interest shall be payable pursuant to paragraph 2 below at 3620 W. 10th St., Unit B-411, Greeley, CO 80634, or at such other place as Holder shall designate in writing. "Prime Rate" means the base rate reported in the Money Rates column or section of The Wall Street Journal for corporate loans at large U.S. commercial banks. Any change in the Prime
