SEC Contract Filing

Filing Date: 2018-07-25

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>tv499167_ex10-2.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><B>Exhibit 10.2</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<P STYLE="font: 14pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; text-align: center"><B>Promissory Note</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
 <TD STYLE="white-space: nowrap; width: 15%; padding: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Principal</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 13%; padding: 1pt; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Loan
 Date</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 13%; padding: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Maturity
 Date</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 13%; padding: 1pt; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Loan
 No.</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 13%; padding: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Call
 / Coll</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 13%; padding: 1pt; text-align: center; border-top: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Account</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 10%; padding: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Officer</B></FONT></TD>
 <TD STYLE="white-space: nowrap; width: 10%; padding: 1pt; text-align: center; border-top: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>Initials</B></FONT></TD></TR>
<TR STYLE="vertical-align: bottom; background-color: #D9D9D9">
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>$1,800,000.00
 </B></FONT></TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>07/20/2018</B></FONT></TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>7/20/2021</B></FONT></TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>1218300</B></FONT></TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid">&nbsp;</TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid">&nbsp;</TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>ACS</B></FONT></TD>
 <TD STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt"><B>&nbsp;ACS</B></FONT></TD></TR>
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 <TD COLSPAN="8" STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-right: Black 1pt solid; border-left: Black 1pt solid"><FONT STYLE="font-size: 10pt">References
 in the boxes above are for Lender&rsquo;s use only and do not limit the applicability of this document to any particular loan
 or item.</FONT></TD></TR>
<TR>
 <TD COLSPAN="8" STYLE="white-space: nowrap; padding: 1pt; text-align: center; border-bottom: Black 1pt solid; border-left: Black 1pt solid; border-right: Black 1pt solid"><FONT STYLE="font-size: 10pt">Any
 item above containing &ldquo;***&rdquo; has been omitted due to text length limitations.</FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 1.9pt 0pt 75.65pt; text-indent: -48.65pt">&nbsp;</P>

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 <TD STYLE="width: 12%"><FONT STYLE="font-size: 10pt"><B>Company:</B></FONT></TD>
 <TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 34%"><FONT STYLE="font-size: 10pt"><B>Hawksite 27 Development Company, LLC</B></FONT></TD>
 <TD STYLE="width: 6%">&nbsp;</TD>
 <TD STYLE="width: 12%"><FONT STYLE="font-size: 10pt"><B>Lender:</B></FONT></TD>
 <TD STYLE="width: 1%">&nbsp;</TD>
 <TD STYLE="width: 34%"><FONT STYLE="font-size: 10pt"><B>Main Bank</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>333 Rio Rancho Blvd NE, Suite 202</B></FONT></TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>Albuquerque Office</B></FONT></TD></TR>
<TR STYLE="vertical-align: top">
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>Rio Rancho, NM 87124</B></FONT></TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD>&nbsp;</TD>
 <TD><FONT STYLE="font-size: 10pt"><B>7300 Menaul Blvd., NE</B></FONT></TD></TR>
<TR STYLE="vertical-ali