SEC Contract Filing

Filing Date: 2018-11-14

Document Content:
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<TYPE>EX-10.24
<SEQUENCE>29
<FILENAME>ex10-24.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><FONT STYLE="font: 10pt Times New Roman, Times, Serif"><B><U>PROMISSORY
NOTE</U></B></FONT></P>

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 <TD STYLE="width: 38%; font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>$516,833.83</B></FONT></TD>
 <TD STYLE="width: 62%; font: 10pt Times New Roman, Times, Serif; padding-left: 180pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Miami,
 Florida</B></FONT></TD></TR>
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 <TD STYLE="font: 10pt Times New Roman, Times, Serif"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></TD>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; padding-left: 180pt"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Dated:
 July 31, 2013</B></FONT></TD></TR>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
VALUE RECEIVED the undersigned, JOHN KEELER &amp; CO, INC., a Florida corporation (hereinafter the &ldquo;Maker&rdquo;), promises
to pay to the order of JOHN KEELER, or their successors or assigns (hereinafter the &ldquo;Lender&rdquo;) at their offices at 3000
NW 109<SUP>th</SUP> Ave, Miami, Florida <U>33172</U>, or such other place as the holder hereof may from time to time designate
in writing, the principal sum of FIVE HUNDRED SIXTEEN THOUSAND EIGHT HUNDRED THIRTY-THREE AND 83/100 DOLLARS ($516,833.83) with
interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of
America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal
and interest to be paid as follows:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal balance outstanding shall bear interest from the date hereof at a fixed rate of interest equal to the greater of: (i)
Six Percent (6.0%) per annum or (ii) the lowest adequate stated interest rate as shall be required for Lender to report interest
income evidenced by this Note, as more particularly provided in the Internal Revenue Code of 1986, as amended (&ldquo;Internal
Revenue Code&rdquo;), and shall be payable upon demand. Interest shall be charged on the actual number of calendar days elapsed.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
principal balance outstanding, plus any unpaid, accrued interest, shall be due and payable upon demand.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0.5in; text-align: justify; text-indent: 0in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">All
payments made hereunder shall be applied first to interest, and late charges, if any, and any balance remaining to principal.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Maker
may make prepayments hereunder, provided however, that in the event of such prepayment, the amount of any such partial prepayment
shall be applied first against any unpaid accrued interest, and then against principal in the inverse order of maturity, and any
prepayment in whole shall be accompanied by an amount equal to the interest accrued thereon to the date of receipt of such prepayment
by Lender in collected funds.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
occurrence of the following or any of the following shall constitute an &ldquo;Event of Default&rdquo; hereund