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<br />The Borrower may prepay the outstanding principal amount at its option at any time, in whole or in <br />part, without penalty or premium. <br />Each regular monthly payment and any prepayments shall be applied first to the payment of interest <br />accrued to the payment date and then to principal.” <br />Section MANNER OF PAYMENT is hereby amended in its entirety to read as follows: <br />All payments shall be made via Electronic Fund Transfer (EFT) payable to “Orange County.” Any <br />additional payments above the monthly payment amount collected through EFT, may be delivered or <br />mailed to the County at its offices at 131 West Margaret Lane, Hillsborough, NC 27278. The County, <br />however, by written notice to the Borrower under the Loan Agreement, may designate a different <br />address for payments. All payments shall be made in legal tender of the United States of America. <br /> 5. Except as specifically modified and amended herein, all other terms, conditions and <br />covenants contained in the Note shall remain in full force and effect. <br /> 6. All references in the Loan Documents to the “Note” shall mean the Note as hereby <br />amended. <br /> 7. This Agreement shall be binding upon and inure to the benefit of the parties and their <br />respective successors and assigns. <br /> [SIGNATURE PAGES IMMEDIATELY FOLLOW] <br />IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed by their duly <br />authorized representatives, all as of the day and year first above written. <br />BORROWER: <br />BORO BEVERAGE COMPANY, LLC <br />By: _____________________ <br />Name: Carly Erickson <br />Title: Managing Member <br />LENDER: <br />Orange County <br />By: _____________________ <br />Name: Bonnie Hammersley <br />Title: County Manager <br />DocuSign Envelope ID: 4320B151-61D3-4EA2-8E7B-09C1BDDC18BF