EX-10.2
from 8-K
6 pages
Date 04/15/2020 Note Amount $ 485,277.00 Borrower Esports Arena Las Vegas, LLC Lender Jpmorgan Chase Bank, N.A. 1. Promise to Pay. Borrower Promises to Pay to the Order of Lender the Note Amount, Plus Interest on the Unpaid Principal Balance at the Note Rate, and All Other Amounts Required by This Note. 2. Definitions. “Cares Act” Means the Coronavirus Aid, Relief, and Economic Security Act. “Deferral Period” Means the Six Month Period Beginning on the Date of This Note. “Loan” Means the Loan Evidenced by This Note. 3. Conditions Precedent to Funding of Loan. Before the Funding of the Loan, the Following Conditions Must Be Satisfied: A. Lender Has Approved the Request for the Loan. B. Lender Has Received Approval From Sba to Fund the Loan
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EX-10.1
from 8-K
6 pages
Date 04/15/2020 Note Amount $ 421,852.00 Borrower Allied Esports International, Inc. Lender Jpmorgan Chase Bank, N.A. 1. Promise to Pay. Borrower Promises to Pay to the Order of Lender the Note Amount, Plus Interest on the Unpaid Principal Balance at the Note Rate, and All Other Amounts Required by This Note. 2. Definitions. “Cares Act” Means the Coronavirus Aid, Relief, and Economic Security Act. “Deferral Period” Means the Six Month Period Beginning on the Date of This Note. “Loan” Means the Loan Evidenced by This Note. 3. Conditions Precedent to Funding of Loan. Before the Funding of the Loan, the Following Conditions Must Be Satisfied: A. Lender Has Approved the Request for the Loan. B. Lender Has Received Approval From Sba to Fund the Loan. 4. Payment Terms. Borrower Will Pay This Note as Follows: A. No Payments During Deferral Period. There Shall Be No Payments Due by Borrower During the Deferral Period
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