EX-10.2
from 10-Q
6 pages
Whereas, as of the Date Hereof the Maker Is Obligated to Pay to the Holder $115,890 of Accrued Dividends (The “Accrued Dividends”) Pursuant to the Terms of the Maker’s Series a Preferred Stock Held by the Holder; Whereas, the Holder Has Agreed With the Maker That the Maker’s Obligation to Pay the Accrued Dividends Shall Be Evidenced by This Note and Subject to Its Terms; Whereas, the Holder May Advance Additional Monies (The “Additional Advances”) From Time to Time to the Maker, Upon the Terms and Conditions Herein Contained; and Whereas, the Holder May Agree to Have Future Series a Preferred Stock Dividends to Which He Becomes Entitled Evidenced by This Note (The “Subsequent Dividends” and Together With Accrued Dividends, the Previous Advance and Any Additional Advances, the “Advances”); Now Therefore, the Maker Agrees as Follows: 1. Principal and Interest Rate
12/34/56