Promissory Note (Fixed Term, Variable Interest)

Promissory Note - Fixed Term. Variable Rate of Interest.

Details:

Promissory Note - Fixed Term. Variable Rate of Interest. Interest Only until Maturity. Acceleration of Payment in the Event of Default in Payment.

Form Outline:

Promissory Note

$U.S. Due:

FOR VALUE RECEIVED, the undersigned, (the "Borrower"), hereby acknowledges itself indebted...

The principal sum and interest thereon shall be due and payable as follows:

1. Interest shall be paid monthly...; and

2. The entire principal sum and all interest...

In the event of default in payment...

The Lender may assign all of its right, title and interest in...

DATED:

Quantity:

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Updated October 2012