SINGLE INSTALLMENT NOTE
In consideration of value received, We, the undersigned UNICO INCORPORATED,
Arizona (borrower), agrees to pay XXX X. XXXXX (Lender) the amount of ONE-
HUNDRED-THOUSAND & XX/100 DOLLARS ($100,000), on which such amount interest
shall accrue at the rate of 10% percent per year.
The entire amount, principal and interest, shall be due and payable on or
before APRIL 18, 2005. The borrower may repay this loan without any early
payment penalty.
Failure to make a payment when due shall be considered a default on this note.
Should such a default exist for more than a grace period of THIRTY (30) days,
Xxxxxxxx agrees to pay Lender all reasonable costs and expenses incurred
during collection proceedings, including, but not limited to, attorney fees.
UNICO INCORPORATED, ARIZONA (Borrower)
/s/ Xxx X. Xxxxx 4/19/03
By: __________________________________ __________________
XXX X. XXXXX, Chief Executive Officer Date
/s/ Xxxxx X. Xxxxxxx 4/22/03
______________________________________ __________________
SECRETARY UNICO, INC. Date
/s/ Xxx X. Xxxxx 4/19/03
______________________________________ ___________________
XXX X. XXXXX (Lender) Date
