Acquisition Capital Group, Inc. Watch

from S-11/A ~5 pages Promissory Note $ in Consideration of Money Loaned to the Company by Rex Jay Horwitz in the Aggregate Amount of $ , Acquisition Capital Group, Inc., a Delaware Corporation (“Acg”) Hereby Promises to Pay to the Order of Rex Jay Horwitz . an Individual ("Mr. Horwitz), the Amount of $ in Accordance With the Following: 1. Payment of Amount Owed. (A) Acg Shall Pay Mr. Horwitz the Principal Amount of This Note in on Demand. 2. Interest. Interest Will Accrue on the Principal Amount of This Note at 8%. 3. Method of Payment. Acg Shall Make All Payments of Amounts Due Under This Note by Wire Transfer of Immediately Available Funds to an Account Designated by Mr. Horwitz in a Written Notice to Acg . 4. Conversion. Mr. Horwitz Is Entitled, at His Option, to Convert at Any Time Into Shares of Common Stock of the Company at a Conversion Price of .25 Per Each Share of Common Stock. 5. Prepayment. Acg May Prepay This Note in Whole or in Part at Any Time Without Premium or Penalty. 6. Events of Default. the Occurrence of One or More of the Following Events (An "Event of Default-) Will Cause Acg to He in Default Under This Note: A. Acg Fails to Make Any Payment Due Under Section 1 of This Note or Breaches Any Other Obligation Contained in This Note: And