Promissory NoteFifteen Five Partners PBC • December 11th, 2018 • Services-educational services • Texas
This Promissory Note (the "Note") is executed pursuant to that certain Construction Financing Agreement (as amended, modified, restated or replaced from time to time, the "Loan Agreement") dated of even date herewith, by and between Fifteen Five Corporation, a Texas corporation (the "Borrower") and Independent Bank (the "Lender"). The Advance to be made hereunder by the Lender shall be made in reliance upon each and all of the terms, conditions, representations, warranties, covenants and agreements of the Loan Agreement. In no event will the Lender have any obligation to advance any proceeds of this Note unless the Borrower fully satisfies all conditions thereto set forth in the Loan Agreement. Capitalized terms which are used in this Note and are not otherwise defined are used with the meanings provided for them in the Loan Agreement, unless the context clearly requires otherwise.
FIFTEEN FIVE PARTNERS PBC SUBSCRIPTION AGREEMENTSubscription Agreement • December 11th, 2018 • Fifteen Five Partners PBC • Services-educational services • Texas
THIS INVESTMENT INVOLVES A HIGH DEGREE OF RISK. THIS INVESTMENT IS SUITABLE ONLY FOR PERSONS WHO CAN BEAR THE ECONOMIC RISK FOR AN INDEFINITE PERIOD OF TIME AND WHO CAN AFFORD TO LOSE THEIR ENTIRE INVESTMENT. FURTHERMORE, INVESTORS MUST UNDERSTAND THAT SUCH INVESTMENT IS ILLIQUID AND IS EXPECTED TO CONTINUE TO BE ILLIQUID FOR AN INDEFINITE PERIOD OF TIME. NO PUBLIC MARKET EXISTS FOR THE SECURITIES, AND NO PUBLIC MARKET IS EXPECTED TO DEVELOP FOLLOWING THIS OFFERING.
