EX-10.1
from 8-K
4 pages
For Value Received, the Undersigned, Isecuretrac Corp. (“Isecuretrac”), a Delaware Corporation (Herein Called “Maker”), Whose Address Is 5078 S. 111th Street, Omaha, Ne, 68137, Hereby Promises to Pay to the Order of Consolidated Investment Services, Inc., a Nevada Corporation (Herein Sometimes Called “Payee”), the Principal Sum of Four Million Three Hundred Thousand Dollars ($4,300,000), or So Much Thereof From Time to Time Outstanding as Shall Be Advanced, With Interest on the Unpaid Balance Thereof From Date of Advancement Until Maturity at the Rate or Rates Hereinafter Provided, Both Principal and Interest Payable as Hereinafter Provided in Lawful Money of the United States of America at the Offices of Payee at C/O Midland National Life Insurance Company, One Midland Plaza, Sioux Falls, South Dakota 57193, or at Such Other Place as From Time to Time May Be Designated by the Holder of This Note or in Such Other Form as Payee May Designate or Consent. as Herein Provided the Unpaid Principal Amount of This Note (Or Portions Thereof) From Time to Time Outstanding Shall Bear Interest Prior to Maturity at the Applicable Rate, Provided That in No Event Shall the Applicable Rate Exceed the Maximum Rate. as Used in This Note, the Following Terms Shall Have the Meanings Indicated Opposite Them: “Applicable Rate.” the Applicable Rate Shall Be Seven Percent (7%) Per Annum. “Default Rate.” the Default Rate Shall Be the Maximum Rate. “Loan.” the $4,300,000 Loan to Be Made to Maker by Payee Which Is Evidenced Hereby
12/34/56