SEC Contract Filing

Filing Date: 2020-12-11

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>sgma-20201031xex10_1.htm
<DESCRIPTION>EX-10.1
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 Exhibit 101
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 <font style="display: inline;font-weight:bold;">Exhibit 10.1</font>

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 <font style="display: inline;font-weight:bold;">PROMISSORY NOTE </font>
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 <font style="display: inline;font-weight:bold;">September 4, 2020</font>
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 <font style="display: inline;font-size:12pt;">FOR VALUE RECEIVED, </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:12pt;">SigmaTron International, Inc.</font><font style="display: inline;font-size:12pt;">, a Delaware corporation, located at</font><font style="display: inline;font-size:12pt;">&nbsp;</font><font style="display: inline;">2201</font><font style="display: inline;">&nbsp;</font><font style="display: inline;">Landemeier Road, Elk Grove Village, IL 60007, United States of America (&#x201C;</font><font style="display: inline;font-weight:bold;">Maker</font><font style="display: inline;">&#x201D;) promises, jointly and severally if more than one, to pay to the order of FGI Equipment Finance LLC or any subsequent holder hereof (each, a &#x201C;</font><font style="display: inline;font-weight:bold;">Payee</font><font style="display: inline;">&#x201D;) at its office located at 777 Yamato Road, Office 135, Boca Raton, FL 33431 or at such other place as Payee may designate as follows:</font>
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 <font style="margin:0pt;font-family:Times New Roman;font-size:11pt;text-align:justify;text-justify:inter-ideograph;;"> (a)</font>
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 <font style="display: inline;font-size:12pt;color:#000000;">the principal sum of </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:12pt;color:#000000;">Six Hundred </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:12pt;color:#000000;">Forty Thousand One Hundred Fifty-Four and 95/100 </font><font style="display: inline;font-weight:bold;font-style:italic;font-size:12pt;color:#000000;">United States Dollars </font><font style="display: inline;font-weight:bold;font-size:12pt;color:#000000;">($</font><font style="display: inline;font-weight:bold;font-size:12pt;color:#000000;">640,154.95</font><font style="display: inline;font-weight:bold;font-size:12pt;color:#000000;">)</font><font style="display: inline;font-size:12pt;color:#000000;">, and</font></p></td></tr></table></div>
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 <font style="margin:0.05pt 0pt 0pt;font-family:Times New Roman;font-size:11pt;text-align:justify;text-justify:inter-ideograph;;"> (b)</font>
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 <font style="display: inline;font-size:12pt;color:#000000;">interest on the unpaid principal balance from </font><font style="display: inline;font-size:12pt;color:#000000;">October 1</font><font style="display: inline;font-size:12pt;color:#000000;font-size:6pt;vertical-align:super;line-height:100%">st</font><font style="display: inline;font-size:12pt;color:#000000;">, 2020 through and including the dates of payment, at a fixed interest rate of Eight point Twenty Five percent (8.25%) per annum (the &#x201C;</font><font style="display: inline;font-weight:bold;font-size:12pt;color:#000000;">Contract Rate</font><font style="display: inline;font-size:12pt;color:#000000;">&#x201D;) in Twenty (20) consecutive quarterly installments of principal and interest as follows:</font></p></td></tr></table></div>
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