Intercompany Demand Promissory Note Between Central Energy Partners LP and Regional Enterprises, Inc. INTERCOMPANY DEMAND PROMISSORY NOTEIntercompany Demand Promissory Note • March 30th, 2012 • Central Energy Partners Lp • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
FOR VALUE RECEIVED, the undersigned, Regional Enterprises, Inc., a Virginia corporation (“Borrower”), HEREBY PROMISES TO PAY to the order of Central Energy Partners LP, a Delaware limited partnership (“Lender”), the principal amount of $2,000,000 or, if less, the aggregate principal amount of all advances heretofore and hereafter made by Lender to Borrower as evidenced by the endorsement of such Advances, calculated on a quarterly basis, on Schedule A hereto or in the books and records of the Borrower (the “Advances”), which is a part of this Promissory Note, commencing with the first quarter immediately after December 31, 2015 (the “Termination Date”), in twelve (12) substantially equal consecutive quarterly installments on the last day of March, June, September and December in each year commencing on January 1, 2016 and ending on December 31, 2018; provided, that the last such installment shall be in the amount necessary to repay in full the outstanding principal amount hereof, toget
Intercompany Demand Promissory Note Between Central Energy GP LLC and Central Energy Partners LP INTERCOMPANY DEMAND PROMISSORY NOTEIntercompany Demand Promissory Note • March 30th, 2012 • Central Energy Partners Lp • Wholesale-petroleum & petroleum products (no bulk stations) • Texas
FOR VALUE RECEIVED, the undersigned, Central Energy Partners LP, a Delaware limited partnership (“Borrower”), HEREBY PROMISES TO PAY to the order of Central Energy GP LLC, a Delaware limited liability company (“Lender”), the principal amount of $2,000,000 or, if less, the aggregate principal amount of all advances heretofore and hereafter made by Lender to Borrower as evidenced by the endorsement of such Advances on Schedule A hereto or in the books and records of the Borrower (the “Advances”), which is a part of this Promissory Note, commencing with the first quarter immediately after December 31, 2015 (the “Termination Date”) in twelve (12) substantially equal consecutive quarterly installments on the last day of March, June, September and December in each year commencing on January 1, 2016 and ending on December 31, 2018; provided, that the last such installment shall be in the amount necessary to repay in full the outstanding principal amount hereof, together with interest on the p
