Form of Renewal Notice for Subordinated Notes – The Thaxton Group
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Summary
This notice from The Thaxton Group informs the noteholder that their subordinated note will automatically renew at a specified interest rate unless the holder redeems it by the maturity date. The notice provides instructions for redemption and contact information for questions or to request a prospectus. The key obligation is for the noteholder to act before the maturity date if they do not wish the note to renew.
EX-10.5 12 dex105.txt FORM OF RENEWAL NOTICE Exhibit 10.5 [Form of Renewal Notice for Subordinated 6, 12, 36 and 60 Month Notes] The Thaxton Group [Date] 1524 Pageland Highway Note No. [####] Lancaster, SC 29720 Maturity Value $ Maturity Date [Date] New Maturity Date [Date] We are pleased to advise you that your subordinated note listed above will renew at ____% per annum IF YOU DO NOT REDEEM IT BY THE MATURITY DATE. Please call us at 1-888-THAXTON IF YOU WISH TO REDEEM YOUR NOTE, if you would like to receive a copy of the prospectus or if you have any questions. Thank you. [Name of holder] [Address of holder]
