EXECUTION COPY
Exhibit 10.111
PROMISSORY NOTE
$1,000,000 USD | Las Vegas, Nevada January 19, 2023 |
FOR VALUE RECEIVED, LIVE VENTURES INCORPORATED, a Nevada corporation (the “Borrower”), hereby unconditionally promises to pay to the order of SPRIGGS INVESTMENTS, LLC, a Missouri limited liability company (the “Noteholder”), the principal amount of $1,000,000 USD (the “Loan”), together with all accrued interest thereon, as provided in this Promissory Note (this “Note”).
Signature Page to Note
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Live Ventures Incorporated
325 E. Warm Springs Road, Suite 102
Las Vegas, Nevada 89119
Attention: Jon Isaac, President and Chief Executive Officer
E-mail: j.isaac@isaac.com
Spriggs Investments, LLC
3703 Red Fox Run
Joplin, Missouri 64804
Attention: Rodney Spriggs, Manager
E-mail: rodney.spriggs@vintagestock.com
With a copy (which shall not serve as notice) to:
Conroy Baran, LLC
1316 Saint Louis Avenue, 2nd Floor
Kansas City, Missouri 64101
Attention: Kyle Conroy, Member
E-Mail: kconroy@conroybaran.com
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EXECUTION COPY
ORAL OR UNEXECUTED AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO FORBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR RENEW SUCH DEBT ARE NOT ENFORCEABLE, REGARDLESS OF THE LEGAL THEORY UPON WHICH IT IS BASED THAT IS IN ANY WAY RELATED TO THE NOTE. TO PROTECT YOU (BORROWER) AND US (LENDER) FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS WE REACH COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN US, EXCEPT AS WE MAY LATER AGREE IN WRITING TO MODIFY IT.
IN WITNESS WHEREOF, the Borrower has executed this Note as of January 19, 2023.
| LIVE VENTURES INCORPORATED
By:______________________________ Jon Isaac, President and Chief Executive Officer
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ACKNOWLEDGED AND ACCEPTED BY NOTEHOLDER:
SPRIGGS INVESTMENTS, LLC
By: ______________________________ Rodney Spriggs, Manager |
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Signature Page to Note