SEC Contract Filing

Filing Date: 2020-05-13

Document Content:
<DOCUMENT>
<TYPE>EX-10.16
<SEQUENCE>2
<FILENAME>saex-ex1016_232.htm
<DESCRIPTION>EX-10.16
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saex-ex1016_232.htm
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">&#160;</p>
<p style="text-align:right;margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">Exhibit 10.16</p>
<p style="margin-bottom:0pt;margin-top:0pt;margin-left:1.19%;text-indent:0%;font-family:Times New Roman;font-size:11pt;">&nbsp;</p>
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<p style="text-align:center;margin-bottom:6pt;margin-top:12pt;margin-left:0pt;;text-indent:0pt;;font-size:10pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"><img src="gfohi3zbdwsk000001.jpg" title="" alt="" style="width:177px;height:88px;"></p></td>
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<p style="margin-top:12pt;margin-bottom:0pt;margin-left:0pt;;text-indent:0pt;;font-size:14pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U.S. Small Business Administration</p>
<p style="margin-top:12pt;margin-bottom:0pt;margin-left:36pt;;text-indent:0pt;;font-size:20pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">U<font style="font-size:16pt;">nsecured</font> N<font style="font-size:16pt;">OTE &#8220;Note&#8221;</font></p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;">&nbsp;</p>
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<p style="margin-top:5pt;margin-bottom:0pt;margin-left:5.6pt;;text-indent:0pt;;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SBA Loan #</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:5.6pt;;text-indent:0pt;;color:#2F5496;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">94124672-07</p></td>
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<p style="margin-top:5pt;margin-bottom:0pt;margin-left:5.6pt;;text-indent:0pt;;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">SBA Loan Name</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:5.6pt;;text-indent:0pt;;color:#2F5496;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">N/A</p></td>
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<p style="margin-top:5pt;margin-bottom:0pt;margin-left:5.6pt;;text-indent:0pt;;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Date</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:5.6pt;;text-indent:0pt;;color:#2F5496;font-size:12pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">May 8, 2020</p></td>
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<p style="margin-top:5pt;margin-bottom:0pt;margin-left:5.6pt;;text-indent:0pt;;font-size:10pt;font-family:Arial;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Loan Amount</p></td>
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<p style="margin-bottom:0pt;margin-top:0pt;margin-left:5.6pt;;text-indent:0pt;;font-size:11pt;font-family:Times New Roman;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">$<font style="color:#2F5496;font-size:12pt;font-family:Arial;">6,801,372.00</font></p></td>
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