SECURED NOTESecured Note • August 8th, 2018 • Hc2 Holdings, Inc. • Fabricated structural metal products • New York
FOR VALUE RECEIVED, HC2 Station Group, Inc., a Delaware corporation, and HC2 LPTV Holdings, Inc., a Delaware corporation (each a “Borrower” and, together, the “Borrowers”), hereby unconditionally promise, severally and jointly, to pay to each of Great American Life Insurance Company, an Ohio corporation (“GALIC”) and Great American Insurance Company, an Ohio corporation (“GAIC”; each of GALIC and GAIC, a “Lender” and, collectively, the “Lenders”), or its registered assigns, the respective aggregate principal amounts set forth on Annex I hereto, which amounts total Thirty Five Million Dollars ($35,000,000), together with interest on the unpaid principal balance of this Secured Note (this “Note”) outstanding from time to time at a rate equal to Eight and a Half percent (8.50%) (computed on the basis of the actual number of days elapsed in a 365-day year) per annum (the “Interest Rate”).
