SUBORDINATE MASTER CREDIT NOTE (ACCRUAL PAY)Subordinate Master Credit Note • September 7th, 2023 • Phoenix Capital Group Holdings I LLC • Metal mining • Delaware
FOR VALUE RECEIVED, the undersigned, Phoenix Capital Group Holdings, LLC, a Delaware limited liability company (the “Borrower”), with an address of 18575 Jamboree Road, Suite 830, Irvine, California 92612, promises to pay to the order of Phoenix Capital Group Holdings I LLC, a Delaware limited liability company (the “Lender”), with an address of 18575 Jamboree Road, Suite 830, Irvine, California 92612, in lawful money of the United States of America in immediately available funds, the principal sum of up to SEVENTY-FIVE MILLION DOLLARS ($75,000,000.00) or, if less, the aggregate unpaid principal amount of all loans made by the Lender pursuant to that certain Loan Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), between the Borrower and the Lender. This Note is the “Accrual Pay Note” referred to in the Loan Agreement and is entitled to the benefits and subject to the conditions thereof. Simultaneou
SUBORDINATE MASTER CREDIT NOTE (CURRENT PAY)Subordinate Master Credit Note • September 7th, 2023 • Phoenix Capital Group Holdings I LLC • Metal mining • Delaware
FOR VALUE RECEIVED, the undersigned, Phoenix Capital Group Holdings, LLC, a Delaware limited liability company (the “Borrower”), with an address of 18575 Jamboree Road, Suite 830, Irvine, California 92612, promises to pay to the order of Phoenix Capital Group Holdings I LLC, a Delaware limited liability company (the “Lender”), with an address of 18575 Jamboree Road, Suite 830, Irvine, California 92612, in lawful money of the United States of America in immediately available funds, the principal sum of up to SEVENTY-FIVE MILLION DOLLARS ($75,000,000.00) or, if less, the aggregate unpaid principal amount of all loans made by the Lender pursuant to that certain Loan Agreement, dated as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”), between the Borrower and the Lender. This Note is the “Current Pay Note” referred to in the Loan Agreement and is entitled to the benefits and subject to the conditions thereof. Simultaneou
