Paycheck Protection Program

PROMISSORY NOTE

In return for the Loan, Borrower promises to pay to the order of Lender the principal amount referenced above, interest on the unpaid principal balance, and all other amounts required by this Note.

“CARES Act” means the Coronavirus Aid, Relief, and Economic Security Act enacted March 27, 2020.

“Loan” means the loan evidenced by this Note.

“Loan Documents” means the documents related to this loan signed by Borrower.

“Maturity Date” means two (2) years from the date of this Note.

“SBA” means the Small Business Administration, an Agency of the United States of America.

Maturity Date: Two years from the date of the Note.

Borrower must make all payments at the place Lender designates. The payment terms for this Note are: The interest rate is 1.00% per year.

Borrower must pay monthly principal and interest payments on the outstanding principal balance of the Loan amortized over the term of the Loan, unless otherwise forgiven in whole or part in accordance with the CARES Act as described below, beginning seven months from the month this Note is dated until the Maturity Date when the entire principal balance remaining unpaid, along with all accrued and unpaid interest, shall be due and payable in full. Payments of principal and interest must be made on such date as designated by the Lender in the months they are due.

Pursuant to the terms of the CARES Act and any implementing rules and regulations , the Borrower may apply for the Loan to be forgiven by the SBA in whole or in part beginning no sooner than seven (7) weeks from the date of the Note. Any Loan balance remaining following forgiveness by the SBA will be fully reamortized over the remaining term of the Loan. The

entire principal balance remaining unpaid, along with all accrued and unpaid interest, shall be due and payable on the Maturity Date.

Lender will apply each installment payment first to pay interest accrued to the day Lender receives the payment, then to brin g principal current, then to pay any late fees, and will apply any remaining balance to reduce principal.

Loan Prepayment:

Notwithstanding any provision in this Note to the contrary:

Borrower may Prepay this Note. Borrower may prepay 20% or less of the unpaid principal balance at any time without notice. If Borrower prepays more than 20% and the Loan has been sold on the secondary market, Borrower must:

If Borrower does not prepay within 30 days from the date Lender receives the notice, Borrower must give Lender a new notice.

Late Charge: If a payment on this Note is more than 10 days late, Lender may charge Borrower a late fee of up to 5.00% of the unpaid portion of the regularly scheduled payment.

Additional Assurances. Borrower will from time to time execute and deliver to Lender such documents, and take or cause to be taken, all such other or further action, as Lender may request in order to effect and confirm or vest more securely in Lender all rights contemplated by this Note (including, without limitation, to correct clerical errors) or to comply with applicable statute or law.

Due Authorization. Borrower's execution, delivery of this Note and any related documents have been authorized by Borrower and do not conflict with, result in a violation of, or constitute a default under any provision of Borrower's organizing and governing documents and each individual signing this Note represents and warrants that they are duly authorized to execute this Note on behalf of Borrower.

Disbursement and Debit Authorization. Borrower hereby authorizes Lender to 1) disburse the proceeds of the Loan to any deposit account maintained by the Borrower with the Lender (the "Deposit Account") and 2) debit the Deposit Account to satisfy any payments payable to Lender on the date that any such amounts are due, and if any such date shall fall on a Saturday, Sunday or any legal holiday, then either on the first (1st) business day immediately preceding or the first (1st) business day immediately following any such payment due date until the Loan is paid in full.

Consent to Electronic Transaction; Transferable Record. Borrower explicitly consents to the electronic delivery and acceptance of the terms of the transaction evidenced by this Note. Borrower agrees that its present intent to be bound by this Note may be evidenced by electronically signed signature pages via digital transmission and is deemed to be valid execution and delivery as though an original ink signature. Borrower agrees that an electronic image of this Note (including signature pages) shall be valid and as effective as an original for all purposes as set forth in the Uniform Electronic Transactions Act, as enacted in the governing jurisdiction ("UETA"), the Electronic Signatures in Global and National Commerce Act (the "E-SIGN ACT"), or both, as applicable. In addition, Borrower agrees that this Note will be an effective, enforceable and valid transferable record and may be created, authenticated, stored, transmitted and transferred in a manner consistent with and permitted by the transferable records sections of UETA or the E-SIGN ACT. Until such time (if any) as Lender may legally transfer this Note as permitted hereby, the single, authoritative copy of this transferable record will be held by Lender, as the person to which this transferable record was issued. All other reproductions of this Note are copies only and not permitted hereby to be transferred.

Borrower is in default under this Note if Borrower does not make a payment when due under this Note, or if Borrower:

Without notice or demand and without giving up any of its rights, Lender may:

When SBA is the holder, this Note will be interpreted and enforced under federal law, including SBA regulations. Lender or SBA may use state or local procedures for filing papers, recording documents, giving notice, foreclosing liens, and other purposes. By using such procedures, SBA does not waive any federal immunity from state or local control, penalty, tax, or liability. As to this Note, Borrower may not claim or assert against SBA any local or state law to deny any obligation, defeat any claim of SBA, or preempt federal law.

Under this Note, Borrower includes its successors, and Lender includes its successors and assigns.

By signing below, each individual or entity becomes obligated under this Note as Borrower.

_________________________

By: /s/ Paul Severino                                           2020-04-2012:43:31 EST

Name: Paul Severino

Title: Vice President