Promissory
Note


"Note"


 





	$200,000.00	 	March 22nd, 2019 	







 


 


Borrower:Parashar
Patel and Jimmy Lee, Jointly 


_______________________________________


_______________________________________


 


Lender:Old Sawmill Partners,
LLC 7441 Tracyton Blvd

Bremerton, WA 98311


		1.	Loan
                                         Terms. Lender and Borrower agree that Borrower shall be obligated to Lender for
                                         the amount of TWO HUNDRED THOUSAND DOLLARS ($200,000.00), in connection with the payment
                                         obligation on the part of the Borrower for the Series B Preferred shares of Premier Products
                                         Group, Inc. Collateral identified in Security Agreement – Series B Preferred shares
                                         of Premier Products Group, Inc.



		2.	Payment
                                         Amount. For value received the Borrower agrees to pay to Lender or its assigns
                                         the sum of TWO HUNDRED THOUSAND DOLLARS ($200,000.00) at 7441 Tracyton Blvd, Bremerton,
                                         WA 98311 or at such other place as Lender or its assigns may appoint, plus interest thereon
                                         as set forth herein.



		3.	Interest.
                                         No Interest shall be charged, through the June 30, 2019 due date.



		4.	Payment
                                         Terms. Due and payable in full no later than June 30, 2019.



		5.	Default.
                                         The balance due under this Note may, at the option of Lender, be declared immediately
                                         due and payable, should Borrower breach the terms of this Agreement of the Security Agreement.
                                         Borrower waives presentment for payment, protest, notice of dishonor, and notice before
                                         declaring a default. Lender may delay in enforcing its rights or in giving any notices
                                         without losing its rights.



		6.	Notices.
                                         All notices to be given to Borrower with regard to this Note must be in writing
                                         and will be deemed delivered forty-eight (48) hours after deposit in the United States
                                         mail, registered or certified, addressed to Borrower at the mailing address for Borrower
                                         or to such other address as Borrower may have specified by prior notice in writing, or
                                         receipt of notice by Escrow agent.



		7.	Attorney
                                         Fees. In the event this Note is placed in the hands of any attorney for collection,
                                         regardless of whether or not a lawsuit is filed, the Borrower shall reimburse Lender
                                         for any reasonable attorney fees incurred. In case litigation is instituted, including
                                         any bankruptcy or arbitration proceedings, arising out of this Note, the losing party
                                         shall pay the prevailing party’s reasonable attorney fees, together with all expenses
                                         which may reasonably be incurred in taking such action, including but not limited to,
                                         costs incurred in searching records, the costs of title reports and expert witness fees,
                                         and anticipated post-judgment collection services. If any appeal is taken from any judgment
                                         of the trial court, the losing party shall pay the prevailing party in the appeal its
                                         reasonable attorney’s fees and costs in such appeal.




    	 



    	 



    
		8.	Governing
                                         Law. This Note is governed by the law of the state of Washington without regard
                                         for conflict of laws principles; provided, however, that to the extent the holder of
                                         this Note has greater rights or remedies under federal law, this provision shall not
                                         be deemed to deprive the holder of such rights and remedies as may be available under
                                         federal law.



 


 





	 	 	 	BORROWERS:
	 	 	 	 
	 	 	 	PARSHAR PATEL
	 	 	 	 
	 	 	 	/s/
    Parashar Patel
	 	 	 	Signature
     
	 	 	 	 
	 	 	 	JIMMY LEE
	 	 	 	 
	 	 	 	/s/
    Jimmy Lee
	 	 	 	Signature
        
    
	 	 	 	 
	 	 	 	LENDER: 
	 	 	 	 
	 	 	 	OLD SAWMILL PARTNERS, LLC
	 	 	 	 
	 	 	 	/s/
    Terry L. Stein
	 	 	 	By:
    Terry L. Stein, Manager 
	 	 	 	Signature