Common use of Interest and Maturity Clause in Contracts

Interest and Maturity. The Company promises to pay simple interest on the unpaid principal amount from the date hereof until such principal amount is paid in full at the rate of four and 85/100 percent (4.85%) per annum, or such lesser rate as shall be the maximum rate allowable under applicable law. Interest from the date hereof shall be computed on the basis of a 365-day year. Unless converted or prepaid earlier as set forth below, all outstanding principal and accrued and unpaid interest on this Note shall be due and payable on June 1, 2007 (the “Maturity Date”).

Interest and Maturity. The Company promises to pay simple interest on the unpaid principal amount from the date hereof until such principal amount is paid in full at the rate of four and 85/100 percent (4.85%) per annum, or such lesser rate as shall be the maximum rate allowable under applicable law. Interest from the date hereof shall be computed on the basis of a 365-day year. Unless converted or prepaid earlier as set forth below, all outstanding principal and accrued and unpaid interest on this Note shall be due and payable on June 1July 18, 2007 2007, (the “Maturity Date”).