Common use of Sale and Purchase of Note Clause in Contracts

Sale and Purchase of Note. Subject to the terms and conditions hereof, the Company hereby sells to the Investor, and the Investor hereby purchases from the Company, a secured promissory note in the form attached hereto as Exhibit A (the “Note”) in the principal amount of $100,000, for a purchase price of $100,000. Interest will accrue on the unpaid principal balance of the Note at the rate of six percent (6%) per. All principal and unpaid interest shall be due and payable on November 5, 2013.

Sale and Purchase of Note. Subject to the terms and conditions hereof, the Company hereby sells to the Investor, and the Investor hereby purchases from the Company, a secured convertible promissory note in the form attached hereto as Exhibit A (the “Note”) in the principal amount of $100,000130,000, for a purchase price of $100,000130,000. Interest will accrue on the unpaid principal balance of the Note at the rate of six percent (6%) perper annum. All principal and unpaid interest shall be due and payable on November 5December 6, 2013.