Common use of Amortization Payments Clause in Contracts

Amortization Payments. In addition to all other obligations under this Note, the Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: $53,760.00 4/1/2022 $53,760.00 5/3/2022 $53,760.00 6/3/2022 $53,760.00 7/1/2022 $53,760.00 8/3/2022 $53,760.00 9/2/2022 $53,760.00 10/3/2022 $53,760.00 11/3/2022 $53,760.00 (a) With respect to the first Amortization Payment originally due on March 3, 2022 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3, 2022, that the Company is electing to extend the due date of the First Amortization Payment to April 1, 2022 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1, 2022 and the Company shall pay $5,376.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3, 2022. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) With respect to the second Amortization Payment originally due on April 1, 2022 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1, 2022, that the Company is electing to extend the due date of the Second Amortization Payment to May 3, 2022 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3, 2022 and the Company shall pay $5,376.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1, 2022. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3, 2022 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3, 2022, that the Company is electing to extend the due date of the Third Amortization Payment to June 3, 2022 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3, 2022 and the Company shall pay $5,376.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3, 2022. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note

Amortization Payments. In addition to all other obligations under this Note, the The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: 1/2/2021 $53,760.00 4/1/2022 19,550.00 2/2/2021 $53,760.00 5/3/2022 19,550.00 3/2/2021 $53,760.00 6/3/2022 19,550.00 4/2/2021 $53,760.00 7/1/2022 19,550.00 5/3/2021 $53,760.00 8/3/2022 19,550.00 6/2/2021 $53,760.00 9/2/2022 19,550.00 7/2/2021 $53,760.00 10/3/2022 19,550.00 8/2/2021 $53,760.00 11/3/2022 19,550.00 9/2/2021 $53,760.0019,550.00 10/3/2021 $19,550.00 11/2/2021 $19,550.00 12/2/2021 $19,550.00 1/2/2022 $19,550.00 (a) With respect to the first Amortization Payment originally due on March 3, 2022 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3, 2022, that the Company is electing to extend the due date of the First Amortization Payment to April 1, 2022 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1, 2022 and the Company shall pay $5,376.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3, 2022. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) With respect to the second Amortization Payment originally due on April 1February 2, 2022 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1February 2, 20222021, that the Company is electing to extend the due date of the Second Amortization Payment to May 3March 2, 2022 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3March 2, 2022 2021 and the Company shall pay $5,376.00 1,955.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1February 2, 20222021. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (b) If the Company exercised the Second Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before March 2, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 2, 2021 (the “Additional Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional Second Amortization Payment Extension, then the Second Amortization Payment shall be due on April 2, 2021 and the Company shall pay $1,955.00 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 2, 2021. For the avoidance of doubt, the Additional Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3March 2, 2022 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3March 2, 20222021, that the Company is electing to extend the due date of the Third Amortization Payment to June 3April 2, 2022 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3April 2, 2022 2021 and the Company shall pay $5,376.00 1,955.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3March 2, 20222021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.

Amortization Payments. In addition to all other obligations under this Note, the The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: $53,760.00 4/1/2022 $53,760.00 5/3/2022 $53,760.00 6/3/2022 $53,760.00 7/1/2022 $53,760.00 8/3/2022 $53,760.00 9/2/2022 $53,760.00 10/3/2022 $53,760.00 11/3/2022 $53,760.007/9/2021 $ 58,333.33 8/10/2021 $ 58,333.33 9/10/2021 $ 58,333.33 10/8/2021 $ 58,333.33 11/10/2021 $ 58,333.33 12/10/2021 $ 58,333.33 1/10/2022 $ 58,333.33 2/10/2022 $ 58,333.33 3/10/2022 $ 58,333.36 (a) With respect to the first Amortization Payment originally due on March 3July 9, 2022 2021 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3July 9, 20222021, that the Company is electing to extend the due date of the First Amortization Payment to April 1August 10, 2022 2021 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1August 10, 2022 2021 and the Company shall pay $5,376.00 5,833.33 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3July 9, 20222021. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) If the Company exercised the First Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before August 10, 2021, that the Company is electing to further extend the due date of the First Amortization Payment to September 10, 2021 (the “Additional First Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional First Amortization Payment Extension, then the First Amortization Payment shall be due on September 10, 2021 and the Company shall pay $5,833.33 (the “Additional First Amortization Payment Extension Fee”) to the Holder on or before August 3, 2021. For the avoidance of doubt, the Additional First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional First Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the second Amortization Payment originally due on April 1August 10, 2022 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1August 10, 20222021, that the Company is electing to extend the due date of the Second Amortization Payment to May 3September 10, 2022 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3September 10, 2022 2021 and the Company shall pay $5,376.00 5,833.33 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1August 10, 20222021. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3, 2022 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3, 2022, that the Company is electing to extend the due date of the Third Amortization Payment to June 3, 2022 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3, 2022 and the Company shall pay $5,376.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3, 2022. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note

Amortization Payments. In addition to all other obligations under this Note, the The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: 4/23/2021 $53,760.00 4/1/2022 35,000.00 5/24/2021 $53,760.00 5/3/2022 35,000.00 6/24/2021 $53,760.00 6/3/2022 35,000.00 7/23/2021 $53,760.00 7/1/2022 35,000.00 8/24/2021 $53,760.00 8/3/2022 35,000.00 9/24/2021 $53,760.00 9/2/2022 35,000.00 10/22/2021 $53,760.00 10/3/2022 35,000.00 11/24/2021 $53,760.00 11/3/2022 35,000.00 12/21/2021 $53,760.0035,000.00 (a) With respect to the first Amortization Payment originally due on March 3April 23, 2022 2021 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3April 23, 20222021, that the Company is electing to extend the due date of the First Amortization Payment to April 1May 24, 2022 2021 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1May 24, 2022 2021 and the Company shall pay $5,376.00 3,500.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3April 23, 20222021. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) If the Company exercised the First Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before May 24, 2021, that the Company is electing to further extend the due date of the First Amortization Payment to June 24, 2021 (the “Additional First Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional First Amortization Payment Extension, then the First Amortization Payment shall be due on June 24, 2021 and the Company shall pay $3,500.00 (the “Additional First Amortization Payment Extension Fee”) to the Holder on or before May 24, 2021. For the avoidance of doubt, the Additional First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional First Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the second Amortization Payment originally due on April 1May 24, 2022 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1May 24, 20222021, that the Company is electing to extend the due date of the Second Amortization Payment to May 3June 24, 2022 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3June 24, 2022 2021 and the Company shall pay $5,376.00 3,500.00 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1May 24, 20222021. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3, 2022 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3, 2022, that the Company is electing to extend the due date of the Third Amortization Payment to June 3, 2022 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3, 2022 and the Company shall pay $5,376.00 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3, 2022. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note

Amortization Payments. In addition to all other obligations under this Note, the The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: 11/30/2020 $53,760.00 4/1/2022 250,000.00 12/31/2020 $53,760.00 5/3/2022 51,041.66 1/29/2021 $53,760.00 6/3/2022 51,041.66 2/26/2021 $53,760.00 7/1/2022 51,041.66 3/31/2021 $53,760.00 8/3/2022 51,041.66 4/30/2021 $53,760.00 9/2/2022 51,041.66 5/31/2021 $53,760.00 10/3/2022 51,041.66 6/30/2021 $53,760.00 11/3/2022 51,041.66 7/30/2021 $53,760.0051,041.66 8/31/2021 $51,041.66 9/30/2021 $51,041.66 10/29/2021 $51,041.66 11/30/2021 $51,041.74 (a) With respect to the first Amortization Payment originally due on March 3, 2022 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3, 2022, that the Company is electing to extend the due date of the First Amortization Payment to April 1, 2022 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1, 2022 and the Company shall pay $5,376.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3, 2022. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) With respect to the second Amortization Payment originally due on April 1December 31, 2022 2020 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1December 31, 20222020, that the Company is electing to extend the due date of the Second Amortization Payment to May 3January 29, 2022 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3January 29, 2022 2021 and the Company shall pay $5,376.00 5,104.16 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1December 31, 20222020. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (b) If the Company exercised the Second Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before January 29, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to February 26, 2021 (the “Additional Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional Second Amortization Payment Extension, then the Second Amortization Payment shall be due on February 26, 2021 and the Company shall pay $5,104.16 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before January 29, 2021. For the avoidance of doubt, the Additional Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3January 29, 2022 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3January 29, 20222021, that the Company is electing to extend the due date of the Third Amortization Payment to June 3February 26, 2022 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3February 26, 2022 2021 and the Company shall pay $5,376.00 5,104.16 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3January 29, 20222021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.

Amortization Payments. In addition to all other obligations under this Note, the The Borrower shall make the following amortization payments (each an “Amortization Payment”) in cash to the Holder towards the repayment of this Note, as provided in the following table: Payment Date: 3/3/2022 Payment Amount: 1/11/2021 $53,760.00 4/1/2022 13,853.21 2/12/2021 $53,760.00 5/3/2022 13,853.21 3/12/2021 $53,760.00 6/3/2022 13,853.21 4/12/2021 $53,760.00 7/1/2022 13,853.21 5/12/2021 $53,760.00 8/3/2022 13,853.21 6/11/2021 $53,760.00 9/2/2022 13,853.21 7/12/2021 $53,760.00 10/3/2022 13,853.21 8/12/2021 $53,760.00 11/3/2022 13,853.21 9/10/2021 $53,760.0013,853.21 10/12/2021 $13,853.21 11/12/2021 $13,853.21 12/10/2021 $13,853.21 1/12/2022 $13,853.21 (a) With respect to the first Amortization Payment originally due on March 3, 2022 (the “First Amortization Payment”), the Company may notify the Holder on or before March 3, 2022, that the Company is electing to extend the due date of the First Amortization Payment to April 1, 2022 (the “First Amortization Payment Extension”) as further provided herein. If the Company exercises the First Amortization Payment Extension, then the First Amortization Payment shall be due on April 1, 2022 and the Company shall pay $5,376.00 (the “First Amortization Payment Extension Fee”) to the Holder on or before March 3, 2022. For the avoidance of doubt, the First Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the First Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the First Amortization Payment Extension if an Event of Default occurs under the Note. (b) With respect to the second Amortization Payment originally due on April 1February 12, 2022 2021 (the “Second Amortization Payment”), the Company may notify the Holder on or before April 1February 12, 20222021, that the Company is electing to extend the due date of the Second Amortization Payment to May 3March 12, 2022 2021 (the “Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Second Amortization Payment Extension, then the Second Amortization Payment shall be due on May 3March 12, 2022 2021 and the Company shall pay $5,376.00 1,385.32 (the “Second Amortization Payment Extension Fee”) to the Holder on or before April 1February 12, 20222021. For the avoidance of doubt, the Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Second Amortization Payment Extension if an Event of Default occurs under the Note. (b) If the Company exercised the Second Amortization Payment Extension and fully complied with Section 4.17(a) of this Note, then the Company may notify the Holder on or before March 12, 2021, that the Company is electing to further extend the due date of the Second Amortization Payment to April 12, 2021 (the “Additional Second Amortization Payment Extension”) as further provided herein. If the Company exercises the Additional Second Amortization Payment Extension, then the Second Amortization Payment shall be due on April 12, 2021 and the Company shall pay $1,385.32 (the “Additional Second Amortization Payment Extension Fee”) to the Holder on or before March 12, 2021. For the avoidance of doubt, the Additional Second Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Additional Second Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Additional Second Amortization Payment Extension if an Event of Default occurs under the Note. (c) With respect to the third Amortization Payment originally due on May 3March 12, 2022 2021 (the “Third Amortization Payment”), the Company may notify the Holder on or before May 3March 12, 20222021, that the Company is electing to extend the due date of the Third Amortization Payment to June 3April 12, 2022 2021 (the “Third Amortization Payment Extension”) as further provided herein. If the Company exercises the Third Amortization Payment Extension, then the Third Amortization Payment shall be due on June 3April 12, 2022 2021 and the Company shall pay $5,376.00 1,385.32 (the “Third Amortization Payment Extension Fee”) to the Holder on or before May 3March 12, 20222021. For the avoidance of doubt, the Third Amortization Payment Extension shall not affect the due date of any other Amortization Payment and the Third Amortization Payment Extension Fee shall not reduce the amounts owed under the Note. The Company shall not be permitted to exercise the Third Amortization Payment Extension if an Event of Default occurs under the Note.