Demand Note and Loan AgreementDemand Note and Loan Agreement • August 1st, 2016 • Banyan Rail Services Inc. • Sanitary services • Florida
For Value Received, Banyan Rail Services Inc., a Delaware Corporation (“Company”), promises to pay to Boca Equity Partners LLC, a Delaware limited liability company, its successors and assigns (“Holder”), the principal advanced by Holder to the Company hereunder as reflected on the attached loan schedule (each an “Advance”), plus interest on the aggregate unpaid principal balance from time to time outstanding at the rate of 10.0% per annum from the date advanced, in accordance with the terms set forth below. The attached loan schedule shall be updated to reflect each Advance as and when it is made.
