EFTA00724785.pdf

SUPREME COURT OF THE STATE OF NEW YORK COUNTY OF NEW YORK JEFFREY E. EPSTEIN, Index No. Plaintiff, -against- ADAM BLY , Defendant. STATE OF NEW YORK )ss.: COUNTY OF NEW YORK AFFIDAVIT OF CONFESSION OF JUDGMENT ADAM BLY, being duly sworn, deposes and says: I. Deponent is the Defendant in this action. 2. Defendant resides at 66 Perry Street, New York, New York 10014. 3. Defendant authorizes entry of this judgment in New York County, New York. 4. Defendant hereby confesses judgment in this Court in favor of the Plaintiff Jeffrey E. Epstein and authorizes entry thereof against Defendant in the sum, which as of November 10, 2010, is equal to Three Hundred Five Thousand One Hundred Twenty-Eight and Seventy-Seven Hundredths Dollars ($305,128.77). 5. This confession of judgment is for a debt justly due to the Plaintiff arising from the following facts: On or about February 16, 2010, Plaintiff loaned Defendant the sum of Three Hundred Thousand Dollars. The loan and Defendant's obligation to repay the same, plus accrued interest thereon, are evidenced by Defendant's Promissory Note, executed and delivered as of February 16, 2010, payable to the order of Plaintiff in the principal amount of Three Hundred Thousand Dollars ($300,000), as amended pursuant to the provisions of a First Amendment of Promissory Note, effective June 16, 2010, by and between Defendant and Plaintiff and a Second Amendment of Promissory Note, effective August 11, 2010, by and between Defendant and Plaintiff (the "Promissory Note"). The Promissory Note became due on October 15, 2010, and, as of November 10, 2010, Defendant is in default of his obligation to repay all principal and accrued interest under the Promissory Note in the amount of Three Hundred Five Thousand One Hundred Twenty-Eight and Seventy-Seven Hundredths Dollars ($305,128.77). Under the provisions of the Promissory Note, inter alia Defendant also -1- EFTA00724785 absolutely and unconditionally agreed to reimburse Plaintiff for all out-of-pocket expenses incurred in connection with the enforcement of the Promissory Note and the transactions contemplated thereby, including but not limited to all attorney's fees and disbursements and the fees and disbursements of other professionals relating to the enforcement of any obligations under the Promissory Note or the satisfaction of any indebtedness of Defendant under the Promissory Note. 6. Judgment is hereby confessed in the agreed amount of the sum currently equal to Three Hundred Five Thousand One Hundred Twenty-Eight and Seventy-Seven Hundredths Dollars ($305,128.77), plus all interest accrued under the Promissory Note from and after November 10, 2010, and all out-of pocket expenses, including but not limited to attorney's fees disbursements, incurred by Plaintiff in connection with the enforcement of and collection on the Promissory Note. All amounts due at the time of entry of this judgment shall be conclusively determined by an affidavit of the plaintiff. 7. Defendant agrees that this Affidavit of Confession of Judgment and any judgment entered herein, shall be interpreted, construed and enforced in accordance with the laws of the State of New York, without regard to the provisions governing conflicts of law. 8. The Judgment confessed herein is not for the purpose of securing plaintiff against a contingent liability. Dated: The foregoing was acknowledged before me this day of November, 2010. (Print Notary Name) My Commission Expires: AFFIX NOTARY STAMP Commission No.: K Personally known, or K Produced Identification Type of Identification Produced -2- EFTA00724786