EXHIBIT 10.6
$________________ ________ __, 1997
DEMAND NOTE
FOR VALUE RECEIVED, SPECIALTY RETAIL GROUP, INC., a Florida
corporation (the "Payor") hereby promises to pay to the order of ______________
(the "Payee"), ON DEMAND, the principal amount of _______________
($______________) Dollars, together with interest on the unpaid principal
balance from the date hereof at the rate of 8% per annum.
Payments of principal and interest shall be made at
__________________, New York ______, or at such other place or to such other
payee as the holder of this Note may from time to time designate.
The holder may demand partial payment of this Note from time to time,
and the undersigned may prepay this Note, in whole or in part, at any time or
from time to time, without premium or penalty. Any such partial payment or
prepayment shall be applied first to interest and then to principal.
The Borrower shall reimburse the holder of this Note, on demand, for
all costs and expenses, including, without limitation, reasonable attorney's
fees, which may be incurred by the holder to enforce this Note or to collect any
indebtedness evidenced hereby. The holder shall have the right to apply any
payment or prepayment of any nature first to the reimbursement of such expenses.
The Borrower hereby assents to any indulgence or any extension of the
time for payment of the indebtedness evidenced hereby. Any failure to exercise
or any delay in exercising any right hereunder shall not be construed as a
waiver of such right or any other right.
The Borrower hereby waives presentment, demand, protest, notice of
dishonor, notice of nonpayment, notice of maturity, notice of protest, diligence
in collection, and the benefit of any exemption or insolvency laws.
This Note shall be governed by, and construed in accordance with, the
laws of the State of New York, applicable to instruments made and to be
performed wholly within said State. The provisions of this Note are severable
and the invalidity or unenforceability of any provision shall not alter or
impair the remaining provisions hereof.
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IN WITNESS WHEREOF, the Borrower has duly executed and delivered this
Note as of the date first above written.
SPECIALTY RETAIL GROUP, INC.
By: _________________________
Authorized Representative
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DEMAND NOTES ISSUED -- as at 1/26/98
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Date Amount Lender
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12/23/96 $3,750.28 Xxxxxxx Xxxxx
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1/15/97 10,000.00 Xxxxx Xxxxx
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1/15/97 10,000.00 Xxxxx Xxxxx
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1/24/97 3,750.28 Xxxxxxx Xxxxx
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1/28/97 12,500.00 Xxxxx Xxxxx
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1/28/97 12,500.00 Xxxxx Xxxxx
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2/11/97 6,000.00 Xxxxx Xxxxx
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2/26/97 10,000.00 Xxxxx Xxxxx
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2/26/97 5,000.00 Xxxxx Xxxxx
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3/04/97 4,000.00 Xxxxx Xxxxx
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3/04/97 4,000.00 Xxxxx Xxxxx
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3/17/97 5,000.00 Xxxxx Xxxxx
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4/16/97 7,500.00 Xxxxx Xxxxx
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5/02/97 7,500.00 Xxxxx Xxxxx
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5/21/97 7,500.00 Xxxxx Xxxxx
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6/03/97 12,500.00 Xxxxx Xxxxx
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6/03/97 12,500.00 Xxxxx Xxxxx
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6/10/97 6,500.00 Xxxxx Xxxxx
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6/10/97 6,250.00 Xxxxx Xxxxx
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6/25/97 3,750.00 Xxxxx Xxxxx
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6/27/97 3,750.00 Xxxxx Xxxxx
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7/10/97 5,000.00 Xxxxx Xxxxx
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7/23/97 10,000.00 Xxxxx Xxxxx
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7/23/97 5,000.00 Xxxxx Xxxxx
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7/31/97 6,000.00 Xxxxx Xxxxx
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8/01/97 6,000.00 Xxxxx Xxxxx
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8/18/97 8,000.00 Xxxxx Xxxxx
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8/25/97 8,000.00 Xxxxx Xxxxx
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9/04/97 10,000.00 Xxxxx Xxxxx
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9/15/97 7,500.00 Xxxxx Xxxxx
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9/15/97 7,500.00 Xxxxx Xxxxx
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9/24/97 5,000.00 Xxxxx Xxxxx
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9/24/97 5,000.00 Xxxxx Xxxxx
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9/25/97 5,000.00 Xxxxx Xxxxx
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10/16/97 $3,000.00 Xxxxx Xxxxx
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10/16/97 $3,000.00 Xxxxx Xxxxx
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10/23/97 $4,000.00 Xxxxx Xxxxx
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10/24/97 $4,000.00 Xxxxx Xxxxx
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11/03/97 $4,000.00 Xxxxx Xxxxx
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11/03/97 $4,000.00 Xxxxx Xxxxx
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11/18/97 $5,000.00 Xxxxx Xxxxx
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11/18/97 $5,000.00 Xxxxx Xxxxx
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11/26/97 $3,000.00 Xxxxx Xxxxx
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11/26/97 $3,000.00 Xxxxx Xxxxx
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12/02/97 $9,500.00 Xxxxxxx Xxxxx
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12/04/97 $9,500.00 Xxxxx Xxxxx
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12/10/97 $5,000.00 Xxxxx Xxxxx
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12/10/97 $5,000.00 Xxxxx Xxxxx
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12/23/97 $7,500.00 Xxxxx Xxxxx
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12/30/97 $7,500.00 Xxxxx Xxxxx
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12/31/97 $58,000.00 Xxxxx Xxxxx
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1/15/98 $5,000.00 Xxxxx Xxxxx
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1/15/98 $5,000.00 Xxxxx Xxxxx
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