SEC Contract Filing

Filing Date: 2015-03-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.7
<SEQUENCE>2
<FILENAME>f10k2014ex10vii_cessyn.htm
<DESCRIPTION>PROMISSORY NOTE
<TEXT>
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<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.7</B></P>

<P STYLE="margin: 0; text-align: right">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>PROMISSORY NOTE</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; text-align: center; margin-bottom: 0"><B>&nbsp;</B></P>

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 <TD STYLE="width: 33%; border: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Principal </FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Loan Date</FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Maturity</FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Loan No</FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt Times New Roman, Times, Serif">Call / Call</FONT></TD>
 <TD STYLE="width: 19%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Account</FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Officer</FONT></TD>
 <TD STYLE="width: 8%; border-top: Black 1pt solid; border-right: Black 1pt solid; border-bottom: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">Initials</FONT></TD></TR>
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 <TD STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif"><B>$1,750,000.00</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif"><B>04-30-2014</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%">&nbsp;</TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif"><B>XXXXXX</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; line-height: 115%">&nbsp;</TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif"><B>0000000525-01</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif"><B>ATINER</B></FONT></TD>
 <TD STYLE="border-bottom: Black 1pt solid; border-right: Black 1pt solid; text-align: center; line-height: 115%">&nbsp;</TD></TR>
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 <TD COLSPAN="8" STYLE="border-right: Black 1pt solid; border-bottom: Black 1pt solid; border-left: Black 1pt solid; padding-right: 7.2pt; padding-left: 7.2pt; text-align: center; line-height: 115%"><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif; letter-spacing: 0.3pt">References in the boxes above are for Lender's use only and do not limit the applicability of this document to any particular loan or item. Any item above containing &quot;***&quot; has been omitted due to text length limitations. </FONT><FONT STYLE="font: 10pt/115% Times New Roman, Times, Serif">&nbsp;</FONT></TD></TR>
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 <td style="width: 11%; text-align: center"><font style="font: 10pt Times New Roman, Times, Serif">Borrower:</font></td>
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 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 45pt 0 0.1in">Cross Environmental Services, Inc<BR>
P. O. Box 1299<BR>
</P>
 <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 0.1in">Crystal Springs, FL 33524</P></td>
 <td style="width: 16%; padding-right: 6.2pt; text-align: right"><font style="font: 10pt Times New Roman, Times, Serif">Lender:</font></td>
 <TD STYLE="width: 41%; padding: 0 0 0 10pt; text-indent: 0"><font style="font: 10pt Times New Roman, Times, Serif; letter-spacing: -0.1pt">Florida Traditions Bank <BR>
Zephyrhills Office<BR>
 37741 Elland Blvd<BR>
Zephyrhills, FL&nbsp;33542 <BR>
(813) 788-0300</font></td></tr>
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