Exhibit 4.5
THIS INSTRUMENT HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”). IT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR UPON RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT.
SECURED PROMISSORY NOTE
Series 2024-SN-001 |
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US $1,500,000 |
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Date of Issuance: May 13, 2024 |
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FOR VALUE RECEIVED, LM Funding America, Inc., a Delaware corporation, (the “Company”), hereby promises to pay to the order of the undersigned holder (the “Holder”), the principal sum of US$1,500,000 (the “Principal Amount”), together with interest thereon from the date of issuance of this secured promissory note (this “Note”). Interest will be due monthly in arrears on this Note in an amount equal to ten percent (10%) per annum, simple interest (calculated on the basis of a 365-day year), of the outstanding principal balance of this Note until the Note is paid in full. All principal and accrued but unpaid interest under this Note shall become due and payable on May 14, 2025.
[Signature Page Follows]
Exhibit 4.5
| LM Funding America, inc.
By: Name: Richard Russell Title: Chief Financial Officer
Address: 1200 W. Platt Street Suite 100 Tampa, Florida 33606 Email Address: Rrussell@lmfunding.com
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Agreed to and accepted:
Brown Family Enterprises LLC ___________________________ Print Name: Christian Brown, Manager Address: 5911 Beacon Shores Street Tampa, FL 33616 Email: Christian.h.g.brown@gmail.com |
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[Signature Page to Amended and Restated Secured Promissory Note]