Document:

Assignment of Security Instrument

 Exhibit 10.11 
 When recorded, return to: 
 Brian J. Iwashyna, Esquire 

Troutman Sanders LLP 
 Post Office Box 1122

 Richmond, Virginia 23218-1122 
 Freddie Mac Loan No. 968733875 
 Pines of York Apartments 

ASSIGNMENT OF SECURITY INSTRUMENT 
 (Revision Date 11-01-2000) 
 FOR VALUABLE CONSIDERATION, PRUDENTIAL
AFFORDABLE MORTGAGE COMPANY, a corporation, organized and existing under the laws of Delaware (the “Assignor”), having its principal office at 4350 Fairfax Drive, Suite 700, Arlington, Virginia 22203, hereby assigns, grants,
sells and transfers to the FEDERAL HOME LOAN MORTGAGE CORPORATION, a corporation organized and existing under the laws of the United States (the “Assignee”), having its principal place of business at 8200 Jones Branch Drive,
McLean, Virginia 22102, and the Assignee’s successors, transferees and assigns forever, all of the right, title and interest of the Assignor in and to the Multifamily Deed of Trust, Assignment of Rents, Security Agreement and Fixture Filing,
dated as of November 15, 2011 entered into by FP-1, LLC, a Virginia limited liability company (the “Borrower”) for the benefit of the Assignor, securing an indebtedness of the Borrower to the Assignor in the principal
amount of $15,771,000.00, and recorded in the land records of the County of York, Virginia immediately prior to this Assignment (the “Instrument”), which indebtedness is secured by the property described in Exhibit A,
attached to this Assignment and incorporated into it by this reference. 
 Together with the note or other obligation described
in the Instrument and all obligations secured by the Instrument now or in the future. 
 IN WITNESS
WHEREOF, the Assignor has executed this Assignment as of the 15th day of November, 2011. 

  

	
	PAGE 1

 
					
	ASSIGNOR:
	
	 PRUDENTIAL AFFORDABLE MORTGAGE COMPANY, a Delaware corporation

			
	By:	 	 /s/ Mia T. Bergen
	 	(SEAL)
		 	Mia T. Bergen	 	
		 	Vice President	 	

 STATE OF VIRGINIA 
 COUNTY OF FAIRFAX, to-wit: 
 The foregoing instrument was acknowledged before me
in the above-stated jurisdiction this 24 day of October, 2011 by Mia T. Bergen who is Vice President of Prudential Affordable Mortgage Company, a Delaware corporation, for and on behalf of the corporation. 

 

	
	 /s/ Dawn R. Hunt

	Notary Public

 My commission expires: July 31, 2015 
 Notarial Registration No. 7118943 

  

	
	PAGE 2

 EXHIBIT A 

Legal Description 

  

	
	PAGE A-1f10q0911ex10lv_attitudedrnk.htm

EXHIBIT (10)(55)

 

FORM OF PROMISSORY NOTE

 

 

	$75,000.00                                                                                                           	 October 7, 2011

 

FOR VALUE RECEIVED, the undersigned, ATTITUDE DRINKS, INC., a Delaware corporation ("Debtor"), promises to pay to the order of  Alpha Capital Anstalt, or its successors or assigns ("Lender"), on the sooner of (i) January 30, 2012 ("Maturity Date"), or (ii) from the proceeds of the next funding by Debtor, at c/o Grushko & Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581, or at such other place as the Lender may designate from time to time in writing to the Debtor, in lawful money of the United States of America, the principal sum of Seventy-five Thousand Dollars ($75,000.00), together with interest on the unpaid principal balance of this Note from the date hereof until paid at ten percent (10%) per annum.  In the event of Debtor's default hereunder, interest on amounts past due pursuant to this Note shall be paid at a rate of eighteen percent (18%) per annum.  Interest shall be computed on the basis of a 360-day year.

The delay or failure to exercise any right hereunder shall not waive such right.  The undersigned hereby waives demand, presentment, protest, notice of dishonor or nonpayment, notice of protest, any and all delays or lack of diligence in collection hereof and assents to each and every extension or postponement of the time of payment or other indulgence.

The Lender may, at any time, present this Note or any sum payable hereunder to the Debtor in satisfaction of any sum due or payable by the Lender to Debtor for any reason whatsoever including but not limited to the payment for securities subscriptions.

In the event of default hereunder such that this Note is placed in the hands of an attorney for collection (whether or not suit is filed), or if this Note is collected by suit or legal proceedings or through bankruptcy proceedings, Debtor agrees to pay reasonable attorney’s fees and expenses of collection.

This Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.  Exclusive jurisdiction relating to this Note shall vest in courts located in New York State.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Note the date and year first above written.

ATTITUDE DRINKS, INC.

By: /S/ Roy Warren

Name: Roy Warren

Title: Chief Executive Officer

ATTEST:

__________________________________f10q0911ex10lvi_attitudedrnk.htm

EXHIBIT (10)(56)

 

FORM OF PROMISSORY NOTE

 

	$75,000.00                                                                                                           	 October 7, 2011

FOR VALUE RECEIVED, the undersigned, ATTITUDE DRINKS, INC., a Delaware corporation ("Debtor"), promises to pay to the order of  Centaurian Fund LP, or its successors or assigns ("Lender"), on the sooner of (i) January 30, 2012 ("Maturity Date"), or (ii) from the proceeds of the next funding by Debtor, at c/o Grushko & Mittman, P.C., 515 Rockaway Avenue, Valley Stream, New York 11581, or at such other place as the Lender may designate from time to time in writing to the Debtor, in lawful money of the United States of America, the principal sum of Seventy-five Thousand Dollars ($75,000.00), together with interest on the unpaid principal balance of this Note from the date hereof until paid at ten percent (10%) per annum.  In the event of Debtor's default hereunder, interest on amounts past due pursuant to this Note shall be paid at a rate of eighteen percent (18%) per annum.  Interest shall be computed on the basis of a 360-day year.

The delay or failure to exercise any right hereunder shall not waive such right.  The undersigned hereby waives demand, presentment, protest, notice of dishonor or nonpayment, notice of protest, any and all delays or lack of diligence in collection hereof and assents to each and every extension or postponement of the time of payment or other indulgence.

The Lender may, at any time, present this Note or any sum payable hereunder to the Debtor in satisfaction of any sum due or payable by the Lender to Debtor for any reason whatsoever including but not limited to the payment for securities subscriptions.

In the event of default hereunder such that this Note is placed in the hands of an attorney for collection (whether or not suit is filed), or if this Note is collected by suit or legal proceedings or through bankruptcy proceedings, Debtor agrees to pay reasonable attorney’s fees and expenses of collection.

This Note shall be governed by, and construed and interpreted in accordance with, the laws of the State of New York.  Exclusive jurisdiction relating to this Note shall vest in courts located in New York State.

IN WITNESS WHEREOF, the undersigned has duly executed and delivered this Note the date and year first above written.

ATTITUDE DRINKS, INC.

By: /S/ Roy Warren

Name: Roy Warren

Title: Chief Executive Officer

 

ATTEST:

__________________________________f10q0911ex10lvii_attitudedrk.htm

EXIBIT (10)(57)

 

FORM OF PROMISSORY NOTE

(with Conversion Rights)

U.S. $59,359.47

FOR VALUE RECEIVED, Attitude Drinks Incorporated, a Delaware corporation  (“Maker” or the “Company”), hereby promises to pay to Weed & Co. LLP, or assigns (“Payee” or “Holder”) the principal sum of Fifty Nine Thousand Three Hundred Fifty Nine Dollars and Forty Seven cents ($59,359.47), payable on or before May 5, 2012 (the “Due Date”).  This note shall bear interest at the rate of five percent (5%) simple interest per annum until paid in full.

Conversion Features of the Note.  Notwithstanding the foregoing, at the option of the Holder, at the Due Date, all or any portion of the unpaid accrued interest and/or unpaid principal amount of this note shall be converted into newly issued shares of Maker’s common stock at the lesser of a conversion price per share equal to (1) the closing price reported on the Maker’s primary trading market on the day prior to the conversion date or (2) the lowest conversion price for other convertible debt or securities issued by Company with the ability to be converted or exercised on the Due Date.  Notwithstanding the foregoing, in no event will the conversion price of this Note be at such an amount to trigger any conversion or exercise price reset or anti-dilution rights in existing convertible notes or other convertible securities on the Due Date. All amounts remaining unconverted at the Due Date shall remain payable and due to Holder. Principal and interest due under this Note may be converted into shares of the Maker’s common stock prior to the Due Date upon approval of both parties subject to the conversion provisions set forth above.

On the conversion date, the Holder may not convert any amount of the note into a number of shares of common stock which would be in excess of the sum of (i) the number of shares of common stock beneficially owned by the Holder and its affiliates on a conversion date, (ii) any common stock issuable in connection with the unconverted portion of the Note, and (iii) the number of shares of common stock issuable upon the conversion of the Note with respect to which the determination of this provision is being made on a conversion date, which would result in beneficial ownership by the Holder and its affiliates of more than 4.99% of the outstanding shares of common stock of the Maker on such conversion date. For the purposes of the provision to the immediately preceding sentence, beneficial ownership shall be determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and Rule 13d-3 thereunder. Subject to the foregoing, the Holder is not limited to aggregate conversions of 4.99%. The Holder shall have the authority to determine whether the restriction contained in this section will limit any conversion hereunder and the extent such limitation applies and to which convertible or exercisable instrument or part thereof such limitation applies. The Holder may waive the conversion limitation described in this section, in whole or in part, upon and effective after 61 days prior written notice to the Maker.

 

  

1

  

 

This promissory note has been delivered to Payee and accepted by Payee in the State of California and shall be governed and construed generally according to the laws of said State.  Maker and Payee each waive any objection to the jurisdiction of or venue in such court and to the service of process issued by such court and agree that each may be served by any method of process described in the Federal Rules of Civil Procedure.  Maker and Payee each waive (1) the right to claim that such court is an inconvenient forum or any similar defense and (2) trial by jury.

No waiver by the holder of any payment or other right under this Note shall operate as a waiver of any payment or right.  This promissory note can be repaid prior to the Due Date.

Executed on November 3, 2011

Attitude Drinks Incorporated

By: /S/ Roy G. Warren

Name: Roy G. Warren

Title: Chief Executive Officer

  

2

  

NOTICE OF CONVERSION

(To be executed by the Registered Holder in order to convert the Note)

The undersigned hereby elects to convert $_________ of the principal and $_________ of the interest due on the Note into Shares of Common Stock of (the “Maker”) according to the conditions set forth in such Note, as of the date written below.

Date of Conversion:  ____________________________________________________

Conversion Price: _______per share

Shares To Be Delivered: _________________________________________________

Signature: ____________________________________________________________

Print Name: ___________________________________________________________

Address: _____________________________________________________________

 

 

3

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