PROMISSORY NOTE This Promissory Note (Hereinafter "Note11) is entered into by:
Exhibit
10.3
This
Promissory Note (Hereinafter "Note11) is entered
into
by:
L
&
F
Lawn Service, Inc.
of___________________
(Hereinafter
"Lender")
&
Epazz,
Inc, of 000 X. Xxxx Xxxxx 000 Xxxxxxx, Xxxxxxxx 00000 (Hereinafter
"Borrower"
1. PROMISE
TO PAY
The
Borrower promises to pay to tile Lender the total amount of two thousand
two
hundred ($2200), together with interest payable on the unpaid principal at
the
rate of 15 percent per annum, compounded annually.
Payments
will be delivered to the Lender's address (____________________________)
or such
other address as may later be agreed upon by the parties.
2. REPAYMENT
The
amount promised under this Agreement will be repaid in full, as
well as accrued interest thereon, if any, July 31,
2007.
Should
the Borrower default in payment, the Borrower shall pay all costs, expenses
and
all reasonable legal costs incurred by the Lender, for the purpose of collection
of this Promissory Note and including reasonable collection charges should
collection be referred to a collection agency. Tries costs will be added
to the
outstanding principal and will become immediately due.
3. MODIFICATION
No
modification or waiver of any of the terms of this Agreement shall be allowed
unless by written agreement signed by both parties, No waiver of any breach
or
default hereunder shall be deemed a waiver of any subsequent breach or default
of the same or similar nature.
4. BINDING
EFFECT
Except
as
otherwise provided in this Note, all of the covenants, conditions, and
provisions of this Note shall be binding upon the parties hereto and their
respective heirs, personal representatives executors, administrators,
successors, and assigns.
5. HEADINGS
Headings
are inserted for the convenience of the parties only and are not to be
considered when interpreting this Note.
6. BREACH
OF NOTE
The
parties acknowledge that no breach of any provision of the Note shall be
deemed
waived unless evidenced in writing. A waiver of any one breach shall not be
deemed a waiver of any other breach of the same or any other provision of
the
Note.
7. AMENDMENTS
This
Promissory Note may be modified or amended by written agreement of both
parties.
8. GOVERNING
LAW
This
Agreement is governed by the statutory and case law of the State of Illinois.
The parties hereby indicate by their signatures below that they hai read
and
agree with the terms and conditions of this Agreement in its
entirety.
The
parties hereby indicate by their signatures below that they have read and
agree
with the terms and conditions of this Note in its entirety.
Lender
Information
L
&
F
Lawn Services. Int.
Signature
/S/ Xxx Xxxxxxx
Signed
July 31 ,2006.
Borrower
Information
Epazz,
Inc.
000
X.
Xxxx Xxxxx 000
Xxxxxxx,
Xxxxxxxx
00000
Signature:
___________________________
