Document:

Exhibit 10.11

 

Loan #: _________

 

BALLOON NOTE

(FIXED RATE)

 

THIS LOAN
IS PAYABLE IN FULL AT MATURITY. YOU MUST REPAY THE ENTIRE PRINCIPAL BALANCE OF THE LOAN AND UNPAID INTEREST THEN DUE. THE LENDER
IS UNDER NO OBLIGATION TO REFINANCE THE LOAN AT THAT
TIME: YOU WILL, THEREFORE, BE REQUIRED TO MAKE PAYMENT OUT OF OTHER ASSETS THAT YOU MAY OWN, OR YOU WILL HAVE TO FIND A LENDER,
WHICH MAYBE THE LENDER YOU HAVE THIS LOAN WITH, WILLING TO LEND YOU THE MONEY. IF YOU REFINANCE THIS LOAN AT MATURITY, YOU MAY
HAVE TO PAY SOME OR ALL OF THE CLOSING COSTS NORMALLY ASSOCIATED WITH A NEW LOAN EVEN IF YOU OBTAIN REFINANCING FROM THE SAME LENDER.

 

	July 15, 2014, 	New York, NEW YORK 	 	 
	[date]	[Town]	 	 

 

1.          BORROWER'S
PROMISE TO PAY 

 

In return for a loan that I the undersigned
which may also be called Borrower, have received, I promise to pay U.S. $ 700,000.00 (this amount is called "principal"),
plus interest, to the order of the Lender. The Lender is SJO International Inc.

 

I understand that the Lender may transfer
this Note. The Lender or anyone who takes this Note by transfer and who is entitled to receive payments under this Note is also
called the "Note Holder."

 

2.          INTEREST

 

Interest will be charged on unpaid principal
until the full amount of principal has been paid. I will pay interest at a yearly rate 14%.

 

The interest that required by this Section
2, is the rate I will pay as long as I am not in any default described in Section 6(B) of this Note. If I shall be in any default
described in Section 6(B) of this Note, then, and for the entire period I am in default, I shall pay interest at a yearly rate
of 14%. However the default interest rate shall not exceed the maximum rate allowed by law.

 

3.          PAYMENTS

(A)       Time
and Place of Payments

I will pay interest by making
payments every month.

I will make my monthly payments
on the      14th         day of each month beginning on August 14, 2014. I will make these payments every month
until I have paid all of the interest and any other charges described below that I may owe under this Note. My monthly payments
will be applied to interest. If, on August 14, 2014. I still owe amounts under this Note, I will pay those amounts in full
on that date, which is called the "Maturity Date”.

I
will make my monthly payments at 53 East 34th Street, 4th Floor, New
York, NY 10016 or at a different place if required by the Note Holder.

 

(B)       Amount
of Monthly Payments

My first payment representing interest
for the period between today and August 14, 2014 shall be $8,166.67, and thereafter my monthly payment will be in
the amount of U.S. $8,166.67.

 

4.          BORROWER'S
RIGHT TO PREPAY 

 

I have the right to make payments of principal
at any time before they are due. A payment of principal only is known as a "prepayment." When I make a prepayment, I
will tell the Note Holder in writing that I am doing so.

I may make a full prepayment
or partial prepayments without paying any prepayment charge. The Note Holder will use all of my prepayments to reduce the amount
of principal that I owe under this Note. If I make a partial prepayment, there will be no changes in the due date or in the amount
of my monthly payment unless the Note Holder agrees in writing to those changes.

 

    	 

    	 

    

 

 5.          LOAN
CHARGES 

 

If a law, which applies to this loan and
which sets maximum loan charges, is finally interpreted so that the interest or other loan charges collected or to be collected
in connection with this loan exceed the permitted limits, then: (i) any such loan charge shall be reduced by the amount necessary
to reduce the charge to the permitted limit; and (ii) any sums already collected from me which exceeded permitted limits will be
refunded to me. The Note Holder may choose to make this refund by reducing the principal I owe under this Note or by making a direct
payment to me. If a refund reduces principal, the reduction will be treated as a partial prepayment.

 

6.          BORROWER'S
FAILURE TO PAY AS REQUIRED 

 

(A)       Late
Charges for Overdue Payments

If the Note Holder
has not received the full amount of any monthly payment by the end of fifteen calendar days after the date it is due, I will pay
a late charge to the Note Holder. The amount of the charge will be 2.00% of my overdue payment of principal and interest. I will
pay this late charge promptly but only once on each late payment.

(B)       Default

If I do not pay the
full amount of each monthly payment on the date it is due, and/or I will not repay Lender the entire principal of the loan and
all interest then accrued, I will be in default.

(C)       Notice
of Default

If I am in default, the Note Holder may
send me a written notice telling me that if I do not pay the overdue amount by a certain date, the Note Holder may require me to
pay immediately the full amount of principal which has not been paid and all the interest that I owe on that amount. That date
must be at least 30 days after the date on which the notice is delivered or mailed to me.

(D)       No
Waiver By Note Holder 

Even if, at a time when I am in default,
the Note Holder does not require me to pay immediately in full as described above, the Note Holder will still have the right to
do so if I am in default at a later time.

 

(E)       Payment
of Note Holder's Costs and Expenses

If the Note Holder has required me to pay
immediately in full as described above, the Note Holder will have the right to be paid back by me for all of its costs and expenses
in enforcing this Note to the extent not prohibited by applicable law. Those expenses include, for example, reasonable attorneys'
fees.

 

7.          GIVING
OF NOTICES 

Unless applicable law
requires a different method, any notice that must be given to me under this Note will be given by delivering it or by mailing it
by first class mail to me at the Property Address above or at a different address if I give the Note Holder a notice of my different
address.

Any notice that must
be given to the Note Holder under this Note will be given by mailing it by first class mail to the Note Holder at the address stated
in Section 3(A) above or at a different address if I am given a notice of that different address.

 

8.          OBLIGATIONS
OF PERSONS UNDER THIS NOTE 

If more than one person
signs this Note, each person is fully and personally obligated to keep all of the promises made in this Note, including the promise
to pay the full amount owed. Any person who is a guarantor, surety or endorser of this Note is also obligated to do these things.
Any person who takes over these obligations, including the obligations of a guarantor, surety or endorser of this Note, is also
obligated to keep all of the promises made in this Note. The Note Holder may enforce its rights under this Note against each person
individually or against all of us together. This means that anyone of us may be required to pay all of the amounts owed under this
Note.

 

9.          WAIVERS

I and any other person
who has obligations under this Note waive the rights of presentment and notice of dishonor. "Presentment" means the right
to require the Note Holder to demand payment of amounts due. "Notice of dishonor" means the right to require the Note
Holder to give notice to other persons that amounts due have not been paid.

 

    	 

    	 

    

 

10.         UNIFORM
SECURED NOTE 

This Note is
a uniform instrument with limited variations in some jurisdictions. In addition to the protections given to the Note Holder under
this Note, a Mortgage, Deed of Trust or Security Deed (the "Security Instrument"), dated the same date as this Note,
protects the Note Holder from possible losses which might result if I do not keep the promises which I make in this Note.
That Security Instrument describes how and under what conditions I may be required to make immediate payment in full of all amounts
I owe under this Note. Some of those conditions are described as follows: 

Transfer
of the Property or a Beneficial Interest in Borrower. If all or any part of the Property or any interest in
it is sold or transferred (or if a beneficial interest in Borrower is sold or transferred and Borrower is not a natural person)
without Lender's prior written consent, Lender may, at its option, require immediate payment in full of all sums secured by this
Security Instrument. However, this option shall not be exercised by Lender if exercise is prohibited by federal law as of the date
of this Security Instrument. 

If
Lender exercises this option, Lender shall give Borrower notice of acceleration. The notice shall provide a period of not less
than 30 days from the date the notice is delivered or mailed within which Borrower must pay all sums secured by this Security Instrument.
If Borrower fails to make these sums prior to the expiration of this period, Lender may invoke any remedies permitted by this Security
Instrument without further notice or demand on Borrower. 

 

WITNESS THE HAND(S) AND SEAL(S) OF THE UNDERSIGNED.

 

__________________________________________________

Manhattan Bridge Capital Inc.., BY Assaf Ran,
President

 

__________________________________________________ (Seal)

 

Witness by

 

___________________________

Vanessa Kao

    	 

    	 

    

 

PERSONAL GUARANTEE

 

I/We agree to guarantee the payment of all money due under the
mortgage loan and any of the other loan documents and agreements of the loan made by SJO International Inc. (hereinafter
referred to as "LENDER"), to Manhattan Bridge Capital, Inc. (hereinafter referred to as "Borrower")
on July 15, 2014 in the amount of $700,000.00. LENDER does not have to provide a notice of default or provide me
notice of any change in the terms of the mortgage and note for this mortgage loan. If more than one person has signed this Personal
Guarantee, then the words "I", "me" and "we" shall refer to each signer and I/we each agree to be
individually liable for the amount due under this Personal Guarantee. This Personal Guarantee shall not be affected by the subsequent
assignment of the mortgage loan to a third party.

 

I waive any right that I may have against the Borrower to recover
any amounts paid by me to LENDER under this Personal Guarantee and applied towards the Mortgage Loan. If there is more than one
signer of this Personal Guarantee, then each signer agrees not to seek contribution from the other signers until the mortgage loan
has been paid-in-full. Should I receive reimbursement from the Borrower or contribution from another signer of this Personal Guarantee,
then I agree to hold such amount in trust for the benefit of LENDER and pay such amount to LENDER to be applied towards the Mortgage
Loan.

 

Guarantor: 

 

___________________ 

Assaf Ran 

 

STATE OF NEW YORK }

 

} ss:

 

COUNTY OF QUEENS }

 

On July 15, 2014, before me, the undersigned, a notary
public in and for said state, personally appeared Assaf Ran, personally known to me or proved to me on the basis of satisfactory
evidence, to be the individual(s) whose name(s) is (are) subscribed to within instrument and acknowledged to me that he/she/they
executed same in his/her/their capacity(ies), and that by his signature on the instrument, the individual or the person upon behalf
of which the individual(s) acted, executed the agreement.

 

______________

Notary PublicEXHIBIT 10.1

Binding Letter of Agreement

 Joint Venture

This letter is entered into by and between Baristas Coffee Company, Inc. (BCCI) a publicly traded Nevada corporation with offices located at 411 Washington Ave. N. Kent, WA 98032 and BMOC USA Partners LLP (BMOC). This Binding letter of agreement shall be in force by both parties upon signing and shall serve as a working document until a subsequent more formal document is executed.

WHEREAS: Baristas is in the business of owning and operating drive through espresso stands serving specialty drinks in three states in the US. BMOC owns and operates various restaurants throughout the US.

In order to accomplish this Joint Venture, both parties have agreed for BCCI to purchase 51% of existing restaurant known as Pavilion 117, in Knoxville, TN, from BMOC and to form a Joint Venture L.L.C. with BMOC to be named "Baristas Sports Bar and Grill" (BSBG) or other such name as the parties agree to under the terms as follows:

1)    The parties shall form a Joint venture, BSBG, of which Barista's will own 51%, BMOC will own 49% . BSBG will own a restaurant known as Pavillion 117 and may acquire other venues that would be owned by this joint venture. Subsequent to the execution of this Binding Letter of Agreement the parties will form BSBG and execute a formal Operating Agreement within thirty (30) days.

2)    Net profits of BCBG will be dispersed as follows: At the end of each quarter (3 month period), net profits would be dispersed 40.6% to BCCI, 39.40% to BMOC . BSBG will keep the remaining 20% as retained earnings. All revenues under this joint venture will be booked to parent company and Managing Member (BCCI).

 

3)    Capital Shortages to be paid for as follows: At the end of each month, 51% of any capital shortages needed to maintain restaurant operations will paid for by BCCI, while 49% of any capital shortages needed to maintain restaurant operations will be paid for by BMOC. All funds are to be deposited within 5 days of written notice.

 

4)    The purchase price for 51% of the new entity holding all the current assets of Pavilionl 17 is defined as $112,200.00

As payment for the 51% ownership of BCBG BMOC will receive from Baristas:

	
•

	
Restricted Preferred Stock valued in the amount $47,800 to be calculated at . 11 ( eleven cents per share )

	
•

	
$25,000.00 in the form of a note tied to the payment of the first franchise fee for the Baristas franchise agreement.

	
•

	
$39,200.00 in contributions to the new entity marketing budget to cover the 49% that will be owed by Lance as outlined in paragraph 8 ,

5)    BMOC will receive a fixed operational fee of 2% of the gross revenues, and 5% of the net profits to be paid on a quarterly basis.

 

6)    Barista will have an irrevocable perpetual right of first refusal, and a five year option, to purchase the percentage of the restaurant they do not own. BMOC shall be restricted from selling any portion of their ownership interest during the option time without written permission to do so by BCCI. Restaurant valuation to be determined at 25% of annual gross sales, averaged over the Baristas Branded period.

 

7)    A remodeling and deposits budget has been defined that is the responsibility of the new entity (BCBG ) of $53,800.00 . The Baristas Share is $27, 438 consisting of $5000 in specific contributions to the budget as shown plus $22,438.00 in cash. The Lance share consisting of specific contributions and responsibilities is $26,362.00

 

8)    It is also agreed that the new entity will fund a marketing budget of $80,000 total over the first 3 months to stimulate sales and brand the new entity. Funding will be provided 51% by BCCI and 49% by BMOC. BCCI will control and pay for this campaign as contribution to the new entity funding requirement as outlined in paragraph 4

 

9)    As a condition of this Joint Venture Letter of Agreement in its' entirety, both parties agree that the following Franchise Agreement, as presented and prepared by BMOC be accepted, agreed to, and finalized at closing. Should the following Franchise Agreement not be closed for any reason, this Joint Venture Letter of Agreement, in its' entirety is to be considered null and void.

 

10)      BCCI shall be responsible for bookkeeping, banking, for the joint venture and as compensation shall receive 2% of gross sales.

 

Franchise agreement

BMOC USA Partners LLP hereby offers to purchase master franchise rights for these

States: NJ, PA, OH, IN, IL, MI, WI, MN.

A previously agreed to contract for franchises in a specific region with Cuppa Joes in NJ shall be exempt from this agreement. Baristas however cannot extend the parameters of that agreement to include any regions not currently included.

L Purchase price will be our expenditure of advertising for media for franchising Baristas -an example would be one half-page ad per month in INC valued at $25,000 per month, for 2Years (24 issues). Similar media may be substituted as mutually agreeable. This campaign shall initiate within 60 days of signing this agreement.

2.    BMOC shall be required to license and have open a sub franchisee a minimum of every 6 months for the life of the franchise agreement.

 

3.    The franchise, and sub franchisees, shall be for 25 years.

 

4.    If BMOC opens the sub franchisee, then a franchisee fee of $25,000 shall be due Baristas for the first sub franchisee opened and, for each subsequent sub franchisee a deduction shall be made from the $25,000 in the amount of $5,000 - provided, the minimum franchise fee paid by a BMOC owned sub franchisee shall be $5,000. If the entity is a third party (50% or less ownership) then the franchise fee shall be $25,000. The franchise fee is paid to Baristas. BMOC may charge its own fees for management etc. in addition to Baristas' fees to the franchisee. Any and all such fees shall be fully disclosed to BCCI and shall at all times be lawful in the jurisdiction they transact.

 

5.    Fees based on percentages charged to the sub franchise by BCCI shall be the same that is established by Baristas to its other franchisees regardless of whether the entity is BMOC or not. BMOC may charge additional fees or value added cost to the sub franchises.. Any and all such fees shall be fully disclosed to BCCI and shall at all times be lawful in the jurisdiction they transact.

 

6.    No additional fees shall be due to Baristas from BMOC except as a sub franchisee.

 

7.    BMOC agrees to open its first sub franchisee no later than 6 months from execution of this agreement (October, 2014). A monthly penalty of $5,000 cash per month shall apply if not opened by October 1, 2014.

 

8.    Baristas may repurchase the BMOC franchise territory at a purchase price of $2500,000 cash per state or portion thereof, plus $100,000 per operating franchisee within the repurchase territory. Starting in year 15, this price decreases 5% per year.

 

9.    Baristas shall forward all franchise inquiries it receives to BMOC for its master territories. BMOC shall similarly forward any inquiries for areas other than BMOC territory.

 

10.      For any calendar quarter in which BMOC licenses more than three new sub franchise locations (including BMOC owned or controlled sub franchises), BMOC shall receive $ $10,000 cash or the equivalent in BCCI stock, from Baristas at Baristas discretion as a sales performance incentive.

 

11.      BMOC shall have nonexclusive rights to sell all Baristas branded products in their franchise master territory including Baristas Ice Cream, Baristas Sportswear, Baristas Retail Products and all branded Baristas products. In addition to the right to sell the product BMOC also agrees not to sell any competitor product in any of their Baristas locations. BMOC specifically does not have rights to or receive compensation for Baristas branded products that are distributed through non BMOC retail locations within their franchise master territory unless a specific distribution arrangement is negotiated with Baristas corporate.

12.      Baristas may open and operate corporate owned locations in BMOC territory but shall pay to BMOC the fees normally charged by BMOC to its sub franchisees in 4-5 above. There is no limit to the number of corporate locations may erect. Baristas shall not open a corporate location within 10 air miles of a BMOC sub franchisee or within 3 miles if within the limits of a city of 1 million or more population. This shall not prevent Baristas from repurchasing the BMOC territory involved in which event the set-off shall not apply.

 

13.      BMOC shall allow open access to its books and records, and similarly Baristas shall also allow open access to its books and records, in regard to the provisions of this agreement.

 

This Agreement shall serve as a working document and shall be binding upon all parties however it is the intent of the parties to execute a more formal set of documents within thirty (30) days of execution.

	
Baristas Coffee Company, Inc

		
BMOC USA Partners LLC

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