Promissory Note, issued May 1, 2019 to Yourist Law Corporation
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Business Finance
- Note Agreements
EX-4.17 17 ex4-17.htm
Exhibit 4.17
PROMISSORY NOTE
FOR VALUE RECEIVED, Grapefruit Boulevard Investments, Inc., a California corporation, (“Borrower”) promises to pay to the order of Yourist Law Corporation, APC, a California corporation (“Lender”) or its assigns, the sum of One Hundred Twenty Six Thousand Three Hundred and Seventy Seven Dollars and Ten Cents ($126,377.10) in principal, plus interest at a rate of 10% annually on the unpaid balance as set forth herein.
| 1. | PAYMENT TERMS: Borrower shall pay a lump sum on July 1, 2019. | |
| 2. | PREPAYMENT: Borrower may prepay the loan without any penalty. | |
| 3. | PAYMENT APPLICATION: All payments shall first be applied to interest and then to principal. | |
| 4. | ATTORNEYS’ FEES AND COSTS: If the Lender prevails in any action to collect on this note, Borrower shall pay Lender’s reasonable costs and attorneys’ fees. | |
| 5. | STATE LAW: This note shall be governed in accordance with the laws of the State of California. | |
| 6. | MODIFICATIONS: Any modifications of or amendments to the terms herein shall be made in writing by all of the parties hereto. |
IN WITNESS WHEREOF the Lender and Borrower have executed this Note as of the 1st day of May, 2019.
| GRAPEFRUIT BOULEVARD INVESTMENTS, INC. | ||
| /s/ Bradley J. Yourist | ||
| Borrower Signature: Bradley J. Yourist, CEO | ||
| YOURIST LAW CORPORATION, APC | ||
| /s/ Daniel J. Yourist | ||
| Lender Signature: Daniel J. Yourist, CFO | ||
CONFIDENTIAL
