EX-2
from 10-Q
18 pages
A. Pre-Payment and Payment of Principal and Interest. the Company May Pay This Note in Full, Together With Any and All Accrued and Unpaid Interest, Plus Any Applicable Pre-Payment Premium Set Forth Herein and Subject to the Terms of This Section 1.a, at Any Time on or Prior to the Date Which Occurs 180 Days After the Issuance Date Hereof (The “Prepayment Date”). in the Event the Note Is Not Prepaid in Full on or Before the Prepayment Date, It Shall Be Deemed a “Pre-Payment Default” Hereunder. Until the Ninetieth (90th) Day After the Issuance Date the Company May Pay the Principal at a Cash Redemption Premium of 140%, in Addition to Outstanding Interest, Without the Holder’s Consent; From the 91st Day to the One Hundred and Twentieth (120th) Day After the Issuance Date, the Company May Pay the Principal at a Cash Redemption Premium of 150%, in Addition to Outstanding Interest, Without the Holder’s Consent; From the 121st Day to the Prepayment Date, the Company May Pay the Principal at a Cash Redemption Premium of 145%, in Addition to Outstanding Interest, but This Provision May Only Be Exercised if the Consent of the Holder Is Obtained. After the Prepayment Date Up to the Maturity Date This Note Shall Have a Cash Redemption Premium of 150% of the Then Outstanding Principal Amount of the Note, Plus Accrued Interest and Default Interest, if Any, Which May Only Be Paid by the Company Upon Holder’s Prior Written Consent. at Any Time on or After the Maturity Date, the Company May Repay the Then Outstanding Principal Plus Accrued Interest and Default Interest (Defined Below), if Any, to the Holder
12/34/56
EX-2
from 10-Q
13 pages
Max Sound Corporation 2902a Colorado Avenue Santa Monica, Ca 90404 Max-0 Api Audio Processor License Agreement Hardware, Api Code, Patent,copyright, Trademark, Trade Secret and Know-How an Agreement by and Between
12/34/56