SUBORDINATED CAPITAL NOTE LOAN AGREEMENTLoan Agreement • August 14th, 2007 • Ministry Partners Investment Corp • Finance services • California
The undersigned investor ("you" or the "Lender") is executing this Loan Agreement with Ministry Partners Investment Corporation ("us", "we" or the "Corporation") in connection with Lender's purchase of the Corporation's unsecured, subordinated promissory note in the principal amount of $_________ (the "Subordinated Capital Note").
SUBORDINATED CAPITAL NOTE MINISTRY PARTNERS INVESTMENT CORPORATIONTMSubordinated Capital Note • August 14th, 2007 • Ministry Partners Investment Corp • Finance services • California
FOR VALUE RECEIVED, Ministry Partners Investment CorporationTM, a California Corporation ("Corporation"), promises to pay to __________ ("Lender") the principal amount of __________, with interest on the unpaid principal balance hereunder from time to time at the rate of __________% PER ANNUM (__________% APY) commencing upon the Date of this Note stated above. This Note is issued pursuant to that certain Subordinated Capital Note Loan Agreement by and between Lender and the Corporation of even date herewith, and is a duly authorized, privately negotiated unsecured, subordinated, promissory Note of the Corporation designated a Subordinated Capital Note.
March 14, 2007 Mr. Bill Dodson, President Mr. Gabe Encarnacion MINISTRY PARTNERS INVESTMENT CORPORATION Brea, CA 92822-1299 Re: Special Offering - Forms of Capital Note and Capital Note Loan Agreement Gentlemen:Capital Note Loan Agreement • August 14th, 2007 • Ministry Partners Investment Corp • Finance services
Set forth below are drafts of our suggested forms for the Capital Note and the Capital Note Loan Agreement (i.e., purchase application) for the Capital Notes offered and sold to investors on the Special Offering.
