NOTICE: THIS LOAN AGREEMENT PROVIDES FOR A LUMP SUM BALLOON PAYMENT OF PRINCIPAL AND ALL ACCRUED INTEREST ON THE MATURITY DATE AND THAT OBLIGATION IMPOSES A SIGNFICIANT FINANCIAL BURDEN ON BORROWER.Loan Agreement • January 5th, 2021 • Capstone Companies, Inc. • Electric lighting & wiring equipment • Florida
This Loan Agreement (“Agreement”), dated and effective as of January 4, 2021, (the “Start Date”) is made by Capstone Companies, Inc., a Florida corporation, (“Borrower”) and Stewart Wallach and Jeffrey Postal, both natural persons (individually, a “Lender” and collectively, the “Lenders”). Borrower and Lenders may also be referred to individually as a “party” and collectively as the “parties.”
