Document:

Form of Revolving Loan Note

 Exhibit 10.27 
 REVOLVING LOAN NOTE 
  

									
	  
	 		 		 	Date:	 	
                    
     

	Jacksonville, Florida	 		 		 		 	

 For value received, JACKSONVILLE BANCORP, INC., a Florida corporation (the “Borrower”),
promises to pay to the order of                     , an individual (hereinafter, together with any holder of this Revolving Loan Note, the
“Lender”), on or before Revolving Loan Maturity Date, the lesser of
(A)                                dollars
($            ) and (B) the aggregate principal amount of all Revolving Loans outstanding under and pursuant to that certain Loan Agreement dated as
of                     , between the Borrower and the Lender (as amended, restated, supplemented, or otherwise modified from time to time, the
“Loan Agreement”), and made available by the Lender to the Borrower at the maturity or maturities and in the amount or amounts stated provided in the Loan Agreement, together with interest (computed as provided in the Loan
Agreement) on the aggregate principal amount of all Revolving Loans outstanding from time to time as provided in the Loan Agreement. Defined terms used but not defined in this Revolving Loan Note are as defined in the Loan Agreement. 

This Revolving Loan Note evidences the Revolving Loans and other indebtedness incurred by the Borrower under and pursuant to the Loan
Agreement, to which reference is hereby made for a statement of the terms and conditions under which the Revolving Loan Maturity Date or any payment hereon may be accelerated. The holder of this Revolving Loan Note is entitled to all of the benefits
and security provided for in the Loan Agreement. All Revolving Loans shall be repaid by the Borrower on the Revolving Loan Maturity Date, unless payable sooner pursuant to the provisions of the Loan Agreement. Principal and interest are to be paid
to the Lender as provided in the Loan Agreement. 
 Except for notices required under the Loan Agreement, the Borrower hereby
(1) waives presentment, demand, notice, protest, and all other demands or notices in connection with the delivery, acceptance, performance, default, or enforcement of this Revolving Loan Note, and (2) assents to any extension or
postponement of the time of payment or any other indulgence. 
 The Revolving Loans evidenced hereby have been made, and this
Revolving Loan Note has been delivered, in Jacksonville, Florida. This Revolving Loan Note is governed by, and is to be construed in accordance with, the laws of the state of Florida, in which state it will be performed. This Revolving Loan Note is
binding upon the Borrower and its legal representatives, successors, and assigns. Wherever possible, each provision of the Loan Agreement and this Revolving Loan Note are to be interpreted so as to be effective and valid under applicable law, but if
any provision of the Loan Agreement or this Revolving Loan Note is prohibited by or invalid under any such law, that provision will be severable and ineffective to the extent of that prohibition or invalidity, without invalidating the remaining
provisions of the Loan Agreement or this Revolving Loan Note. 
 [SIGNATURE PAGE FOLLOWS] 

  
 1 

 The Borrower is signing this Revolving Loan Note as of the date stated in the caption on the
first page. 
  

			
	JACKSONVILLE BANCORP, INC., as the Borrower
		
	By:	 	  

	Name:	 	  

	Title:	 	  

 Signature Page to 
 Revolving Loan Note 

 Schedule to Exhibit 10.27 
 The form of Revolving Loan Note was executed by the following persons for the amounts set forth beside their names: 
 R.C. Mills and Lois V. Mills - $300,000 
 Donald E. Roller (through living trust) - $200,000

 Chelsea Rose - $50,000 
 John W. Rose
and Cheryl Rose - $100,000 
 John W. Rose (through 401(k) account) - $150,000 
 Price W. Schwenck - $200,000 
 Price W. Schwenck - $100,000 

Triad Financial Services, Inc. - $50,000ex_429.htm

Exhibit 4.29

 

 

 

  

  

  

 

 

 

 

  

  

  

 

 

 

 

  

  

  

 

	
QUANG NAM PEOPLE’S

	
SOCIALIST REPUBLIC OF VIET NAM

	
COMMITTEE

	
Independence - Freedom - Happiness

INVESTMENT CERTIFICATE

 

No: 331022000008

 

Re-registration certificate dated 27 June 2008

 

Pursuant to the Law of the Organization the People’s Council and People’s Committee dated 26 November 2003;

Pursuant to the Investment Law no. 59/2005/QH11 dated 29 November 2005; Pursuant to the Enterprise Law no.60/2005/QH11 dated 29 November 2005;

Pursuant to the Decree no.108/2006/ND-CP dated 22 September 2006 issued by the Government providing detailed stipulations and implementation guidelines for a number of the Investment Law;

Pursuant to the Decree no.88/2006/ND – CP dated 29 August 2006 by the Government on business registration;

Pursuant to the Decree no. 101/2006/ND – CP dated 21 September 2006 by the Government on re-registration, transformation and registration for new investment certificates of foreign-invested enterprises under the provisions of the Enterprise Law and Investment Law;

According to the request of the Department of Planning and Investment in the Statement no. 148/TTr – SKHDT dated 24 June 2008;

 

QUANG NAM PEOPLE’S COMMITTEE

 

Hereby certifies: Bong Mieu Gold Mining Company

Investment licence No.140/GP dated 05 March 1991; Amended Investment licence No. 140/DCGP1 dated 29 November 1993 by the State Committee for Co-operation and Investment (SCCI); Amended Investment licence No. 140/DCGP2 dated 09 June 2005 by the Ministry of Planning and Investment.

 

To re-register the enterprise and implement the investment project with the following content: 

 

Article 1: Content of business registration 

 

	
1.  

	
Name of enterprise in Vietnamese: CÔNG TY TNHH KHAI THÁC VÀNG BONG MIÊU

	
2.  

	
Name of enterprise in English: BONG MIEU GOLD MINING COMPANY LIMITED

	 	
In abbreviation: BOGOMIN

	
3.  

	
Type of enterprise: Limited liability company with two or more members

 

 

  

  

  

 

 

	
4.  

	
Head office address: Tam Lanh commune, Phu Ninh district, Quang Nam province

Representative office: 644-646 Ngo Quyen, Danang city

	
5.  

	
Business line:

	 	
Exploring, exploiting, processing gold-ore and associated minerals.

	
6.  

	
Charter capital: USD 3,000,000 ( three million United States Dollars)

	
7.  

	
Legal Representative: MR. NGUYEN NGOC QUYNH

	
•  

	
Date of birth : 03 August 1946

	
•  

	
Nationality : Vietnam

	
•  

	
ID card No. : 010790380

	
•  

	
Date of issue : 01 October 2007

	
•  

	
Place of issue : Ha Noi Police

	
•  

	
Position : General Director

	
•  

	
Permanent address : 103 Nguyen Truong To, Ba Dinh district, Ha Noi

	
•  

	
Current address : K30/16 Tran Phu, Da Nang city

 

Article 2: Investment project

 

	
1.  

	
Name of the investment project : BONG MIEU GOLD PROJECT

	
2.  

	
Objectives and scale of the project : 

	
Objectives

 

 

 

 

	
:

 

 

 

 

	 
The Company principally operates in the business of gold mining, Exploration Activities and other activities as follows:

a. To carry out Bong Mieu Gold Mining Project in accordance with the Joint Venture Agreement, Feasibility Study and business plan of the Project approved and adjusted by the Members or Members’ Council from time to time;

b. To carry on business in all products extracted or derived from the Project;

c. To carry out Exploration Activities, all other activities in accordance with the laws of Vietnam which are, or may be, incidental or ancillary to the activities set out

	
Scale

 

	
:

 

	 
The capacity of the project is 180,000 tons of ore/year (average gold content is 2.8 grams/ton of ore)

 

	
3. Location of project

 

 

 

 

 

	
:

 

 

 

 

 

	 
Plant is located at Bong Mieu gold mine,Tam Lanh commune, Phu Ninh district, Quang Nam province

Area under the project: 365 ha, including:

+ Area for mining: 330 ha

+ Area for waste dumping: 28 ha

+ Area for capital construction: 7 ha.

 

	 
4. Investment capital

 

 

 

 

 

 

 

 

 

 

	 	 
USD 40,000,000 (Forty million United States Dollars)

In which, contributed capital to implement the project is USD 3,000,000

Investors’ contribution as follows:

+ Bong Mieu Holdings Company Ltd: USD 2,400,000 (Two million four hundred thousand United States Dollars), representing 80 percent of the Charter Capital of the Company

+ Mineral Development Joint Stock Company: USD 300,000 (Three hundred thousand United States Dollars), representing 10 percent of the Charter Capital of the Company

+ Quang Nam Mineral Industry Corporation: USD 300,000 (Three hundred thousand United States Dollars), representing 10 percent of the Charter Capital of the Company

+ The rest of the capital is borrowed from by the company commercial banks or mobilized from other legal sources of capital

 

	5. Operational term	:	 
25 (twenty five) years as from 05 March 1991

	6. Project implementation schedule	:	 
In progress

	7. Investment incentives	: 	 

- The product of the Company is allowed to be exported from and sold in Vietnam market in accordance with the laws of Vietnam

- Royalty: 3 % (Three percent) of the product value at the market price when finishing primary refining in Viet Nam.

- Business Income Tax: 18% (eighteen percent) of profit for the first 5 (five) years of profit-making period. Annual Business Income Tax of the following years is based on actual operation condition during the first 5 (five) years in order to ensure satisfactory profits of charter parties, benefits of the Government and not to exceed over 25 % of profit in favorable conditions.

- The Company is exempted from Business Income Tax for the first 2 years of profit-making period.

 

 

  

  

  

 

- The Company is exempted from import tariff for machinery, equipment, materials, accessories as fixed assets imported by investment capital and materials correlative with export products.

- Other kinds of tax in accordance with the law at the moment of tax payment.

 

Bong Mieu Gold Mining Company Ltd is responsible for executing regulations of the laws of Vietnam on accounting system, statistics, tax, fully implementing the stipulations of the Vietnam Government  on business activities, environmental protection, waste treatment, fire fighting; ensuring public order, industrial safety; executing regulations of local authorities.

 

Article 3: The Investment Certificate shall be made into 03 (three) original copies, of which 01 (one) copy shall be granted to BONG MIEU GOLD MINING COMPANY LIMITED, 01 (one) copy shall be filed at QUANG NAM PEOPLE’S COMMITTEE and the other shall be sent to Quang Nam Department of Planning and Investment. This Investment Certificate shall replace the Investment Licence no. 140/GP dated 05 March 1991, the Adjustment Licence no. 140/DCGP1 dated 29 November 1993 of the State Committee for Co-operation and Investment; 140/GPDC2 dated 09 June 2005 of the Ministry of Planning and Investment.

A copy is sent to the Ministry of Planning and Investment, the Department of Environment and Resources, the Department of Tax, Quang Nam Police.

 

	
Distribution:

	
On behalf of the People’s Committee

	
- As above

	
For President

	
- File

	
Vice President

	  	
LE MINH ANH

	  	
(Signed and Sealed)

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