Common use of ▇▇▇▇ and ▇▇ Clause in Contracts

▇▇▇▇ and ▇▇. ▇▇▇▇. The Capital Contribution of ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ --------------------- for the Nonvoting Units to be issued to them as set forth in Section 3.1 of the Agreement shall be a demand promissory note from ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ to the Company in the aggregate principal amount of $450,000 (the "▇▇▇▇ Promissory Note"), such promissory note to be in the form attached to this Schedule 1 as Exhibit "A." The ▇▇▇▇ Promissory Note shall be secured by a letter of credit in the amount of $450,000 from a bank or other financial institution satisfactory to the Company and upon terms and conditions otherwise satisfactory to the Company. The terms and conditions of the letter of credit must, at a minimum, be sufficient so as to allow the ▇▇▇▇ Promissory Note to be considered as an asset of the Company for purposes of calculating the Company's net worth. ▇▇.

▇▇▇▇ and ▇▇. ▇▇▇▇. The Capital Contribution of ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ --------------------- for the Nonvoting Units to be issued to them as set forth in Section 3.1 of the Agreement shall be a demand promissory note from ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ to the Company in the aggregate principal amount of $450,000 (the "▇▇▇▇ Promissory Note"), such promissory note to be in the form attached to this Schedule 1 as Exhibit "A." The ▇▇▇▇ Promissory Note shall be secured by a letter of credit in the amount of $450,000 from a bank or other financial institution satisfactory to the Company and upon terms and conditions otherwise satisfactory to the Company. The terms and conditions of the letter of credit must, at a minimum, be sufficient so as to allow the ▇▇▇▇ Promissory Note to be considered as an asset of the Company for purposes of calculating the Company's net worth. ▇▇.

▇▇▇▇ and ▇▇. ▇▇▇▇. The Capital Contribution of ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ --------------------- ---------------------- for the Nonvoting Units to be issued to them as set forth in Section 3.1 of the Agreement shall be a demand promissory note from ▇▇. ▇▇▇▇ and ▇▇. ▇▇▇▇ to the Company in the aggregate principal amount of $450,000 (the "▇▇▇▇ Promissory Note"), such promissory note to be in the form attached to this Schedule 1 as Exhibit "A." The ▇▇▇▇ Promissory Note shall be secured by a letter of credit in the amount of $450,000 from a bank or other financial institution satisfactory to the Company and upon terms and conditions otherwise satisfactory to the Company. The terms and conditions of the letter of credit must, at a minimum, be sufficient so as to allow the ▇▇▇▇ Promissory Note to be considered as an asset of the Company for purposes of calculating the Company's net worth. ▇▇.