Exhibit 10.1(a)
SECURED PROMISSORY NOTE
$__________ Dated as of ___________
FOR VALUE RECEIVED, Pro Tech Communications, Inc., a Florida corporation
("Maker"), promises to pay to the order of _____________ ("Holder"), at
___________________ or at such other place as Holder may from time to time
designate in writing, the principal sum of ___________________________
($___________), to be paid in lawful money of the United States of America. The
unpaid principal balance on this Note shall bear interest at a rate of fifteen
percent (15%) per annum. All interest charges shall be calculated on the basis
of a 365-day year. Maker shall make payment in full of both principal and
interest due to Holder no later than _____________________.
Maker may make prepayments on the principal of this Note without penalty.
In the event of default in any payment, Maker shall pay all costs and expenses
of collection, including reasonable attorneys' fees.
Maker hereby waives diligence, demand, presentment for payment, notice of
nonpayment, protest and notice of protest, and expressly agrees that this Note,
or any payment hereunder, may be extended from time to time, all without in any
way affecting the liability of Maker. The right to plead any and all statutes of
limitations as a defense to any demand on this Note or to any agreement to pay
the same is expressly waived to the extent permitted by applicable law.
This Note is secured by a security interest granted to Holder pursuant to
the Security Agreement dated at or about the date of this Note delivered by
Maker to Holder.
IN WITNESS WHEREOF, the undersigned has duly executed this Note as of the
date first above written.
PRO TECH COMMUNICATIONS, INC.
By:
------------------------------ ------------------------------
Xxxxxxx X. Xxxxxxxx Witness
Director
