EX-10.1
from 8-K
9 pages
Note Sba Loan # 1977687106 Sba Loan Name P&F Industries, Inc Date 4/17/2020 Loan Amount $2,929,200.00 Interest Rate One (1%) Percent Per Annum; Fixed Borrower P&F Industries, Inc Lender Bnb Bank 1. Promise to Pay: In Return for the Loan, Borrower Promises to Pay to the Order of Lender the Amount of Two Million Nine Hundred Twenty-Nine Thousand Two Hundred and 00/100 Dollars, Plus Interest on the Unpaid Principal Balance, and All Other Amounts Required by This Note. 2. Definitions: 3. Payment Terms: A. Payroll Costs B. Any Payment of Interest on a Covered Mortgage Obligation (Which Shall Not Include Any Prepayment of or Payment of Principal on a Covered Mortgage Obligation) C. Any Payment on a Covered Rent Obligation D. Any Covered Utility Payment
12/34/56