REVOLVING CREDIT NOTERevolving Credit Note • October 24th, 2008 • Anchor Funding Services, Inc. • Short-term business credit institutions • North Carolina
FOR VALUE RECEIVED, ANCHOR FUNDING SERVICES, LLC at 10801 Johnston Road, Suite 210, Charlotte NC 28226 (“Borrower”), promises to pay to the order of George Rubin (“Lender”) the principal sum of Seven Hundred Fifty Thousand Dollars ($750,000), or such other amount as shall have been advanced and be outstanding hereunder and remain unpaid, with interest thereon compounded annually from the earliest date set forth on the Advancement/Payment Schedule (as defined below) until paid at a rate of twelve percent (12%) per annum.
