Common use of Rate, Fees Clause in Contracts

Rate, Fees. Borrower shall compensate Lender with interest paid monthly, in the amount of 1% per month, in addition to administrative fees paid monthly, in the amount of 1% per month. Lender hereby grants to Borrower the right to pay interest and fees in registered common shares of the Borrower's stock, valued at $ .50 per share, with said shares to be issued within thirty (30) days of payoff of the note. Lender will permit Borrower to pay interest and fees in Series B preferred shares, convertible to common shares at the exchange rate of 100 shares of common stock for every share of Series B preferred stock. Such Series B preferred shares will be adjusted upward to yield 20% more shares of common stock, should Borrower be unable to provide registered shares in its place. Lender will permit borrower to convert the note prior to its maturity date, provided that the number of such shares paid for interest and fees will assume the note was held to maturity.

Rate, Fees. Borrower shall compensate Lender with interest paid monthly, in the amount of 1% per month, in addition to administrative fees paid monthly, in the amount of 1% per month. Lender hereby grants to Borrower the right to pay interest and fees in registered common shares of the Borrower's stock, valued at $ .50 $.80 per share, with said shares to be issued within thirty (30) days of payoff of the note. Lender will well permit Borrower to pay interest and fees in Series B preferred shares, convertible to common shares at the exchange rate of 100 shares of common stock for every share of Series B preferred stock. Such Series B preferred shares will be adjusted upward to yield 20% more shares of common stock, should Borrower be unable to provide registered shares in its place. Lender will permit borrower to convert the note prior to its maturity date, provided that the number of such shares paid for interest and fees will assume the note was held to maturity.

Rate, Fees. Borrower shall compensate Lender with interest paid monthly, in the amount of 1% per month, in addition to administrative fees paid monthly, in the amount of 1% per month. Lender hereby grants to Borrower the right to pay interest and fees in registered common shares of the Borrower's stock, valued at $ $.50 per share, with said shares to be issued within thirty (30) days of payoff of the note. Lender will permit Borrower to pay interest and fees in Series B preferred shares, convertible to common shares at the exchange rate of 100 shares of common stock for every share shares of Series B preferred stock. Such Series B preferred shares will be adjusted upward to yield 20% more shares of common stock, should Borrower be unable to provide registered shares in its place. Lender will permit borrower to convert the note prior to its maturity date, provided that the number of such shares paid for interest and fees will assume the note was held to maturity.

Rate, Fees. Borrower shall compensate Lender with interest paid monthly, in the amount of 1% per month, in addition to administrative fees paid monthly, in the amount of 1% per month. Lender hereby grants to Borrower the right to pay interest and fees in registered common shares of the Borrower's stock, valued at $ .50 $.80 per share, with said shares to be issued within thirty (30) days of payoff of the note. Lender will permit Borrower to pay interest and fees in Series B preferred shares, convertible to common shares at the exchange rate of 100 shares of common stock for every share of Series B preferred stock. Such Series B preferred shares will be adjusted upward to yield 20% more shares of common stock, should Borrower be unable to provide registered shares in its place. Lender will permit borrower to convert the note prior to its maturity date, provided that the number of such shares paid for interest and fees will assume the note was held to maturity.