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EXHIBIT 8.9
PROMISSORY NOTE
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$100,000.00 DECEMBER 2, 1996
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The undersigned AMERICAN ACCESS TECHNOLOGIES, INC., a Florida corporation
formerly known as American Access Technology, Inc., ("Maker") value received,
promises to pay to BRIDGE BANK, LTD. ("BBL"), or assigns, at _________________
or at such other location as the holder hereof shall specify to Maker, the sum
of ONE HUNDRED THOUSAND DOLLARS ($100,000.00) one year from the date hereof.
Interest shall accrue on this note from the date hereof at the rate of 1.5% per
annum. After the maturity of any installment of principal or interest which is
not paid when due, interest on such unpaid installment shall accrue at the
highest rate allowed by law. This Note shall be prepaid out of the proceeds of
any sale of securities of the Maker.
In addition to, and not in limitation of the foregoing, the undersigned
further agrees, subject only to any limitation imposed by applicable law, to
pay all expenses, including reasonable attorneys' fees and legal expenses,
incurred by the holder of this Note in endeavoring to collect any amounts
payable hereunder that are not paid when due.
If default be made in the payment of any amount herein provided for, then,
or at any time thereafter, at holder's option the security given to secure the
payment of this Note may be foreclosed. Failure to exercise such option, or any
other rights holder may have in the event of any such default, shall not
constitute a waiver of the right to exercise such option or any other rights in
the event of any subsequent default, whether of the same or a different nature.
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This Note may be prepaid in full or in part at any time and from time to
time without premium or penalty.
The Maker hereby consents to any extensions of time, renewals, releases or
any party to this note, waivers or modifications that may be granted on
consented to by the holder in respect of the time of payment or any other
provisions of this Note. Maker hereby waives requirement of presentment of this
Note.
This Note is made under and governed by the laws of the State of Florida.
AMERICAN ACCESS TECHNOLOGIES, INC.
By: /s/
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CFO, Secretary
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