ContractLoan Agreement and Promissory Note • April 27th, 2020 • Dolphin Entertainment, Inc. • Services-personal services • Florida
LOAN NUMBER: SBA LOAN NUMBER: THIS PROMISSORY NOTE IS NOT SUBJECT TO STATE OF FLORIDA DOCUMENTARY STAMP TAX BECAUSE IT IS BEING ISSUE PURSUANT TO A PAYROLL PROTECTION PROGRAM LOAN UNDER TITLE 1 OF THE CORONAVIRUS AID, RELIEF AND ECONOMIC SECURITY ACT. EXECUTIVE ORDER NUMBER 20-95 SUSPENDS THE ASSESSMENT AND COLLECTION OF DOCUMENTARY STAMP TAX IN CONNECTION WITH SUCH LOANS EFFECTIVE APRIL 3, 2020. THIS BUSINESS LOAN AGREEMENT AND PROMISSORY NOTE (THE “AGREEMENT”), DATED AS OF THE DATE IT IS EXECUTED BY ALL PARTIES (THE “EFFECTIVE DATE”), IS MADE BETWEEN _____________(THE “BORROWER”) AND BANKUNITED, N.A. (THE “LENDER”) FOR AND IN CONSIDERATION OF THE LOAN AND THE MUTUAL PROMISES AND AGREEMENTS CONTAINED HEREIN. Lender is making this Loan (as defined below) pursuant to the Paycheck Protection Program (the “PPP”) created by Section 1102 of the Coronavirus Aid, Relief, and Economic Security Act enacted March 27, 2020 (the “CARES Act”) and governed by the CARES Act, section 7(a)(36) of the S
