EXHIBIT 4.5
EXHIBIT "A"
FORM OF PROMISSORY NOTE
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AMOUNT: $________________ DATE:________________, 1999
ALBUQUERQUE, NEW MEXICO
FOR VALUE RECEIVED, XXXXXX XXXXXX (the "Maker"), promises to pay to the
order of TRUEVISION INTERNATIONAL, INC. (the "Payee") the principal sum of
________________ ($________________) Dollars, with interest at the rate of
ten (10%) percent, per annum, from the date hereof until paid, said principal
and interest payable on or before one (1) year from the date hereof or within
three (3) business days following the sale of the collateral securing the
obligation of this Note. This Note may be prepaid in whole or in part at any
time without penalty.
This note is secured by ________________ (________________) shares of
the $0.001 par value, Common Stock of TrueVision International, Inc. pursuant
to the terms and conditions of a certain Restricted Stock Option Agreement
entered into between the parties hereto on January __, 1999.
Upon default in the payment of any installment of principal or interest,
or any sum due hereunder, the whole of the principal sum and all interest
accrued hereon shall, at the holder's option, without notice or demand, at
once become due and payable, together with interest at the maximum legal
rate, collection charges, and a reasonable sum as attorney's fees.
The undersigned and all endorsers, suretics, and guarantors hereof,
hereby jointly and severally waive presentment, demand for payment, notice of
dishonor, notice of protest, and all other notices or demands in connection
with the delivery, acceptance, performance, default, endorsement or guarantee
of this instrument.
WITNESSES:
/s/ XXXXXX XXXXXX
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XXXXXX XXXXXX
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