2021-053-E Economic Dev-Boro Beverage Company loan amendment

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DocuSign Envelope ID: E51 FEDB4-DE67-4E2D-A34B-153D3BEADB7E AMENDMENT TO PROMISSORY NOTE THIS AMENDMENT TO PROMISSORY NOTE (this "Agreement"), dated as of December 30, 2020, by and between BORO BEVERAGE COMPANY, LLC (the "Borrower"), and Orange County(together with its successors and assigns, "Lender"). WHEREAS, Borrower executed and delivered a Note dated as of February 25, 2019 for the benefit of Lender in the original principal amount of$25,000.00 (the "Note"); WHEREAS, Lender and Borrower are parties to that certain Loan and Security Agreement dated as of January 1, 2021, by and between Borrower and Lender, as amended by that Amendment to Loan and Security Agreement dated the date hereof between such parties (the "Loan Agreement"); WHEREAS, Lender and Borrower desire to amend the Note as set forth herein. NOW,THEREFORE, for other good and valuable consideration,the parties hereto hereby agree as follows: 1. All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Note and/or the Loan Agreement. 2. From and after the date hereof,the Principal Amount of the Note shall be $25,000.00 3. All references to the Principal Amount contained in the Note shall be deemed to refer to the Principal Amount as amended by this Agreement, as the same may be further amended, restated, replaced, supplemented or otherwise modified from time to time. 4. Section INTEREST; PAYMENTS; PREPAYMENT is hereby amended in its entirety to read as follows: "Interest payable on this Note shall accrue at the annual rate of zero percent(0%) and shall accrue from the closing date. Borrower shall make its first payment on (February 1,2021) in the amount of the interest accruing from the date of the Promissory Note to(December 31,2019).The remaining sixty-eight (68) payments shall be as follows: Payments would be structured in two phases: $181.16 per month payment for the first 6-months (February 2021—July 2021) $385.69 per month payment for the remaining 62-months of the loan (August 2021—September 2026) Principal on the outstanding balance for the preceding month beginning(January, 2021) with the payments to be calculated by amortizing the loan so that it would be paid in full on (September 1, 2026). If not sooner paid, all unpaid principal and all accrued and unpaid interest on this Note shall be due and payable on (September 1,2026).