For value received. I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum
of ONE HUNDRED FIFTY THOUSAND DOLLARS AND ZERO CENTS Dollars: $150,000. 00.
Conditions: The conditions for future advances are UPON REQUEST OF CUSTOMER AND
APPROVAL OF LOAN OFFICER.
INTEREST: I agree to pay interest on the outstanding principal balance from June 23, 2010 at the rate of
6.000000% per year until the index rate changes.
x Variable Rate: This rate may then change as stated below.
x Index rate: The future rate will be 1.000 % ABOVE the following index rate: Lender's Prime, which is
the base rate used by Lender to act interest rates at which loans are made to various customers. Loan may be
made at, above or below said prime rate.
o No Index: The future rate will not be subject to any internal or external index. It will be entirely in your
x Frequency and Timing: The rate on this note may change as often as DAILY.
A change in the interest rate will take effect WHEN THE INDEX RATE CHANGES.
x Limitations. During the term of this loan, the applicable annual interest rate will not be more than
_____________ % or less than 6.00%. The rate may not change more than _____________% of each N/A.
Effect of Variable Rate: A change in the interest rate will have the following effect on the payments:
EMPIRE FOOD BROKERS,
1937 HARBOR AVE
MEMPHIS, TN 38113
TRUST ONE BANK
1715 AARON BRENNER DR
MEMPHIS, TN 38120
Loan Number 17602784 /
Maturity Date 12/08/2010
Loan Amount __DOCTEXT__nbsp;
Renewal Of 10010
BORROWER'S NAME AND
LENDER'S NAME AND
Fed. Tax ID 06-1678089
o Single Advance: I will receive all of this principal sum on ____________. No additional advances are
contemplated under this note.