PROMISSORY NOTE January 3, 2017 FOR VALUE RECEIVED, LESLEY GROFF, having an address at immil the "Borrower"), hereby promises to pay to the order of SOUTHERN FINANCIAL, LLC, having an address at 6100 Red Hook Quarter, B3, St. Thomas, USVI 00802 (the "Lender"), the principal sum of One Hundred Thousand and 00/100ths Dollars (U.S. $100,000.00), plus interest on the unpaid principal balance at the rate of one and 97/100ths percent (1.97%) per annum (the "Interest Rate"), as hereinafter provided. PAYMENT. Interest on the unpaid principal balance of this Note shall accrue at the Interest Rate, and accrued but unpaid interest hereunder shall be due and payable by the Borrower on each anniversary of the date of execution hereof beginning on January 3, 2018 and continuing on January 3 of every year thereafter until this Note and all amounts required to be paid hereunder have been paid in full. The unpaid principal balance of this Note and all then accrued but unpaid interest thereon of this Note shall be due and payable on January 2, 2026 (the "Maturity Date"), or upon earlier acceleration as hereinafter provided. PREPAYMENT. This Note may be prepaid in whole or in part, without premium or penalty, and each such prepayment shall be made together with interest accrued on the amount prepaid. APPLICATION OF PAYMENTS. All payments made by the Borrower hereunder, shall be applied first to late charges, fees, costs, expenses and all other amounts due the Lender, if any, under this Note or otherwise (including legal fees and expenses incurred in enforcing the Lender's rights), other than principal and interest, then to interest at the rate of interest then in effect (including, without limitation, any default interest due), and the balance to the principal balance due under this Note. PAYMENT CURRENCY: PLACE OF PAYMENT. All payments on this Note are to be made in lawful money of the United States of America in immediately available funds, at the office of