PROMISSORY NOTEPromissory Note • June 7th, 2012 • Anchor Funding Services, Inc. • Short-term business credit institutions
Promise to Pay. FOR VALUE RECEIVED, ANCHOR FUNDING SERVICES, LLC, a North Carolina limited liability company (hereinafter referred to as the “Borrower”), promises to pay to the order of Marc Malaga at ______________________________________ (“Lender”), in lawful money of the United States of America, in the manner hereinafter provided, the principal sum of TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($200,000.00), together with interest thereon from the date hereof on the balance of principal remaining from time to time unpaid at the rate of fifteen percent (15.00%) per annum until paid in full on or before September 5, 2012 (“the Final Payment Date”). ALL PRINCIPAL, ADVANCES AND INTEREST REMAINING SHALL BE DUE ON THE FINAL PAYMENT DATE.
