Document:

Unassociated Document

    PROMISSORY
      NOTE

    

    
      	
              $450,000.00

            	
              June
                29, 2007

            

    

    

    FOR
      VALUE RECEIVED,
      the
      undersigned, KARAT
      PLATINUM LLC, (the
      “Maker”), promises to pay to SENTRA
      CONSULTING CORP.,
      (the
“Payee”), on or before September 26, 2007 (the “Payment Date”) the principal sum
      of Four Hundred and Fifty Thousand and 00/100 ($450,000.00) Dollars (the
“Principal Amount”) and all interest accrued thereon as provided
      herein.

    

    Interest
      shall accrue on the unpaid balance of the Principal Amount at a rate of one
      and
      one-half percent (1.5%) per month (the “Interest Rate”). All interest payable
      hereunder shall be computed on the basis of actual days elapsed and shall be
      due
      and payable on the Payment Date.

    

    Maker
      shall have the right to prepay all or any portion of the Outstanding Principal
      Amount and accrued interest thereon at any time without penalty or premium.
      All
      payments hereunder when paid shall be applied first to the payment of all
      accrued interest and the balance shall be applied to principal.

    

    Notwithstanding
      any provision contained herein, the total liability of Maker for payment of
      interest pursuant hereto, including late charges, shall not exceed the maximum
      amount of such interest permitted by law to be charged, collected, or received
      from Maker, and if any payments by Maker include interest in excess of such
      a
      maximum amount, Payee shall apply such excess to the reduction of the unpaid
      principal amount due pursuant hereto, or if none is due, such excess shall
      be
      refunded.

    

    Upon
      the
      occurrence and continuance of an Event of Default (hereafter defined) (whatever
      the reason for such Event of Default and whether it shall be voluntary or
      involuntary or be effected by operation of law or pursuant to any judgment,
      decree or order of any court or any order, rule or regulation of any
      administrative or governmental body), interest shall accrue on the unpaid
      balance of the Principal Amount at a rate of two percent (2%) per month (the
      “Default Interest Rate”).

    

    1.     Events
      of Default.
      In case
      one or more of the following events (each, an “Event of Default”) (whatever the
      reason for such Event of Default and whether it shall be voluntary or
      involuntary or be effected by operation of law or pursuant to any judgment,
      decree or order of any court or any order, rule or regulation of any
      administrative or governmental body) shall have occurred and be
      continuing:

    

    a. Default
      in the payment, when due or declared due, of any principal or interest payments
      hereunder.

    

    b. Maker
      makes a general assignment for the benefit of creditors; or, in the absence
      of
      such application, consent, acquiescence or action, a trustee, receiver or other
      custodian is appointed for Maker; or for a substantial part of the property
      of
      Maker; or any bankruptcy, reorganization, debt arrangement or other proceeding
      under any bankruptcy or insolvency law, or any dissolution or liquidation
      proceeding, is authorized or instituted by, or instituted against, Maker; or
      any
      warrant of attachment or similar legal process is issued against any substantial
      part of the property of Maker.

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    c. Any
      representation or warranty made by Maker under this Note shall be untrue or
      misleading in any material respect when made.

    

    d. Maker
      shall have breached any of its covenants and agreements hereunder.

    

     

    then,
      in
      each case where an Event of Default occurs, the Payee, by notice in writing
      to
      Maker shall inform Maker of such Event of Default and if such default is not
      cured within forty-five (45) days from the date such notice is received by
      Maker, then Payee, may, at its option, declare the outstanding Principal Amount
      to be due and payable immediately, and upon any such declaration the same shall
      become immediately due and payable. 

     

    2.     General.

    

    a. This
      Note
      shall be binding upon and inure to the benefit of and be enforceable by the
      respective successors and assigns of the Maker and Payee.

    

    b. All
      notices, requests, claims, demands and other communications given or made
      pursuant hereto shall be in writing and shall be deemed to have been duly given
      if delivered in person, overnight courier prepaid, or mailed by prepaid first
      class registered or certified mail, postage prepaid, return receipt requested
      to
      the respective parties at the following addresses (or at such other address
      for
      a party as shall be specified in a notice given in accordance with this
      Section):

    

    
      	(a)  	
              If
                to the Maker:

            

    

    
      	 	 

    

    
      	 	
              Karat
                Platinum LLC

              15
                Hoover Street

              Inwood,
                New York 11096

              Attention:
                Chief Executive Officer

            

    

    
      	 	 

    

    
      	 	
              With
                copies to:

            

    

    
      	 	 

    

    
      	 	
              Horowitz
                & Riser

              30
                Broad Street

              New
                York, NY 1004

              Attention:
                Sam Riser, Esq.

            

    

    
      	 	 

    

     

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    
      	(b)  	
              If
                to Payee:

            

    

    
      	 	 

    

    
      	 	
              Sentra
                Consulting Corp. 

              466
                Central Avenue, 2nd
                Floor

              Cedarhurst,
                New York 11516

              Attention:
                Chief Executive Officer

            

    

    
      	 	 

    

    
      	 	
              With
                copies to:

            

    

    
      	 	 

    

    
      	 	
              David
                Lubin & Associates, PLLC

              26
                East Hawthorne Avenue

              Valley
                Stream, NY 11580

              Attn:
                David Lubin, Esq.

            

    

     

    All
      such
      notices, requests and other communications will (i) if delivered personally
      to
      the address as provided in this Section, be deemed given upon delivery, (ii)
      if
      delivered by overnight courier to the address as provided in this Section,
      be
      deemed given on the earlier of the first business day following the date sent
      by
      such overnight courier or upon receipt or (iii) if delivered by mail in the
      manner described above to the address provided in this Section, be deemed given
      on the earlier of the third business day following mailing or upon
      receipt.

    

    c. This
      Note
      is to be governed by and construed in accordance with the laws of the State
      of
      New York. In any action brought under or arising out of this Note, the Maker
      hereby consents to the in personam jurisdiction of any state or federal court
      sitting in New York, New York, waives any claim or defense that such forum
      is
      not convenient or proper, and consents to service of process by any means
      authorized by New York law.

    

    d.
       Maker
      hereby waives presentment, demand for payment, protest, and all other demands
      and notices in connection with the delivery, acceptance, performance and
      enforcement of this Note and authorizes Payee, without notice or further
      consent, to grant extensions of time in the payment of any monies under this
      Note, and to waive compliance of any provision of this Note.

    

    e. In
      the
      event of a default in the payment of this Note, Maker shall pay Payee's
      reasonable costs and expenses of collection, including attorneys’ fees and
      costs. 

     

     

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    
 

    IN
      WITNESS WHEREOF, the undersigned has duly executed this Note on the date first
      set forth above.

    

    

    KARAT
      PLATIINUM LLC

    

    

    By:
      /s/
      David Neuberg        

    Name: 
      David Neuberg

    Title:   
      Member

     

     

     

    
      
        
        

      

      
        4Exhibit
      10.186

     

    April
      6,
      2007   

    

    Jack
      Pleiter, Manager

    Twisted
      Cactus Enterprises

    7000
      E.
      Shea Blvd, Suite 251

    Scottsdale,
      AZ 85282

    

    Dear
      Jack:

    

    
      	 	
              Re:

            	
              Asset
                Purchase Agreement (“Agreement”) dated December 7, 2006 executed by and
                between Mace Security International, Inc., Mace Car Wash, Inc., and
                Mace
                Car Wash-Arizona, Inc., collectively (“Sellers”), and Twisted Cactus
                Enterprises, LLC (“Purchaser”). 

            

    

    

    The
      Agreement was also executed by First American Title Insurance Company (“Escrow
      Agent”) with respect to the provisions pertaining to the Escrow Agent. Sellers
      and Purchaser have entered into this Letter Agreement (“First Amendment”) to
      amend and supplement the terms and provisions of the Agreement. Terms in this
      First Amendment which are capitalized shall have the meanings given the terms
      in
      the Agreement, unless the capitalized term is specifically defined in this
      First
      Amendment. The Escrow Agent has entered into this First Amendment with respect
      to the provisions relating to Escrow Agent. Purchaser, Sellers and Escrow Agent
      hereby agree as follows:

    

    1.
      Section 1.2 of the Agreement provides that the date the Closing occurs shall
      be
      on April 6, 2007, or such other date that the parties to the Agreement agree
      to
      in writing. The Purchaser being unable to tender the Purchase Price by April
      6,
      2007 has requested Sellers to extend the Closing Date to May 16, 2007.
      Conditioned on the Purchaser and Escrow Agent performing and complying with
      the
      provisions of Paragraph 2 below, the parties agree that the Closing Date shall
      be on May 16, 2007, or such other date that the Sellers and Purchaser agree
      to
      in writing.

    

    2.
      In
      exchange for Sellers’ entry into this First Amendment and in lieu of terminating
      the Agreement, Purchaser shall direct the Escrow Agent to and the Escrow Agent
      shall immediately deliver the Deposit to MSI via federal wire pursuant to the
      wiring instructions attached hereto as Exhibit A. In addition, Purchaser hereby
      agrees to deposit with Escrow Agent an additional sum of Two Hundred Fifty
      Thousand ($250,000) Dollars (“Extension Deposit”) by good funds on or before
      April 6, 2007, which additional sum shall be added to and considered to be
      part
      of the Deposit, increasing the total Deposit to Seven Hundred and Fifty Thousand
      Dollars ($750,000), of which Five Hundred Thousand Dollars ($500,000) shall
      be
      held by MSI and Two Hundred Fifty Thousand ($250,000) shall be held by the
      Escrow Agent. The entire Deposit including, without limitation, the portion
      of
      the Deposit held by MSI shall be applied to the Purchase Price and paid out
      by
      MSI, as set forth in the Agreement, except MSI shall not be required to hold
      the
      Deposit in a separate, federally-insured, interest-bearing account with a
      national banking association, but may hold its portion of the Deposit as MSI
      solely determines. The entire Deposit, including that portion released to MSI,
      shall be fully refunded to Purchaser or belong to MSI as liquidated damages
      as
      set forth in Sections 1.3(c) and 1.8 of the Agreement or as otherwise provided
      for in the Agreement. 

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

    3. Sellers
      hereby acknowledge that Purchaser is obtaining financing in connection with
      its
      purchase of the Leased Property and Owned Property. Accordingly, Sellers shall
      request the landlords’ of the Leased Properties to execute any and all documents
      reasonably requested or required by Purchaser’s lender including, but not
      limited to, landlord estoppel certificates, and memorandum of leases, as
      applicable. 

    

    4. Sellers
      and Purchaser hereby agree that Section 10.3 of the Agreement is modified to
      provide that Purchaser may assign its interests in the Agreement with Sellers’
prior written consent and such consent shall not be unreasonably withheld.
      

    

    5.
      Purchaser and Sellers further agree that all other provisions of the Agreement
      are in full force and effect and not modified. 

    

    6.
      This
      First Amendment may be executed simultaneously in two or more counterparts,
      each
      of which shall be deemed an original and all of which together shall constitute
      but one and the same instrument. This First Amendment may be executed by
      facsimile transmission and a signature transmitted by facsimile transmission
      shall be binding on the party so executing this Letter Agreement.

    

    This
      First Amendment dated April 6, 2007 has been agreed to by the undersigned
      parties.

     

    
      	 	 	 
	
              SELLERS:

               

              Mace
                Security International, Inc.

            	
            
	 
 	 
 	 
 
	By:  /s/
              Robert M. Kramer	
            	
            
	
              
                

              Name:
                Robert M. Kramer

              Title:
                Executive Vice President

            	
            

       

      
        	 	 	 
	
                Mace
                  Car Wash, Inc and Mace Car Wash - Arizona, Inc.

                 

                 

              	 
 	 
 
	By:  /s/
                Robert M. Kramer	
              	
              
	
                
                  

                
                  Name:
                    Robert Kramer

                  Title:
                    Vice President

                

              	
              

      

       

      
        
           

        

        
          2

          
            

          

        

        
           

        

      

    

    
       

    

    SIGNATURES
      OF PURCHASER AND ESCROW AGENT CONTINUED ON PAGE 3 FOLLOWING

    
       

      
        	 	 	 
	
                
                  PURCHASER:

                   

                  Twisted
                    Cactus Enterprises, LLC.

                

              	
              
	 
 	 
 	 
 
	By:  /s/
                Jack Pleiter	
              	
              
	
                
                  

                
                  Name:
                    Jack Pleiter

                  Title:
                    Manager

                

              	
              

         

        
          	 	 	 
	
                  
                    ESCROW
                      AGENT:

                     

                    First
                      American Title Insurance Company

                    

                    Executed
                      only for purposes of agreeing to the Provisions pertaining
                      to the Escrow
                      Agent.

                     

                     

                  

                	 
 	 
 
	By:
                   /s/ Sheila Hunter	
                	
                
	
                  
                    

                  
                    
                      Name:
                        Sheila Hunter

                      Title:
                        Senior Commercial Escrow
                        Officer

                    

                  

                	
                

        

         

        
          
             

          

          
            3

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