Note, Guaranty and Security Agreement Sample Contracts
NOTE, GUARANTY AND SECURITY AGREEMENTNote, Guaranty and Security Agreement • May 11th, 2022 • Lordstown Motors Corp. • Motor vehicles & passenger car bodies • New York
FOR VALUE RECEIVED, each of LORDSTOWN EV CORPORATION, a Delaware corporation (the “Issuer”), LORDSTOWN EV SALES LLC, a Delaware limited liability company (“Sales”), and LORDSTOWN MOTORS CORP., a Delaware corporation (the “Parent” and together with Sales, the “Guarantors”; the Guarantors and the Issuer, together collectively, the “Note Parties”), hereby unconditionally promises to pay to [FOXCONN EV TECHNOLOGY, INC., an Ohio corporation], or its successors and assigns (the “Payee”), the principal amount set forth in Section 3 hereto, together with interest thereon as provided in Section 2 hereof, on the Maturity Date (as defined below), on the terms and subject to the conditions provided herein. The Issuer and the Payee intend that this Note, Guaranty and Security Agreement (this “Note”) constitute indebtedness for all federal, state and local income tax purposes and agree not to take any positions contrary to the foregoing characterization of the Note.
Standard Contracts
Exhibit 4.19 NOTE, GUARANTY AND SECURITY AGREEMENT Guaranteed Secured Term A Notes due 2004 Guaranteed Secured Term B Notes due 2004Note, Guaranty and Security Agreement • March 28th, 2003 • Midas Inc • Wholesale-motor vehicle supplies & new parts • Illinois
