Exhibit 10.1
STAR STRUCK, INC.
10% PROMISSORY NOTE
$___________ Bethel, Connecticut
August 7, 2000
FOR VALUE RECEIVED, RECEIPT WHEREOF IS HEREBY ACKNOWLEDGED, STAR
STRUCK, INC. ("Maker"), a Connecticut corporation, hereby promises to pay to
the order of ______________("Payee"), having an address in ________________
____________________________, the principal amount of______________________
______________________________________________________ with interest at the
rate of 10% per annum on the unpaid principal balance thereof. The principal
amount shall be payable on August 31, 2003. Interest on the unpaid principal
amount shall be payable quarterly on the last day of each November, February,
May and August hereafter until all principal and interest is paid in full.
Payments shall be made at the above-named address of Payee, or at such other
address as the holder hereof shall have designated for such purpose to Maker in
writing.
If Maker fails to make any payment when due under this Note and such
default continues for at least five days after notice of default delivered to
Maker, then, upon notice to Maker, the entire unpaid balance of principal and
interest shall, at the option of the holder of this Note, become immediately due
and interest payable on the unpaid balance of this Note shall thereafter accrue
at the rate of 10% per annum until payment in full of the unpaid balance of
principal plus all accrued interest.
Xxxxx agrees to pay all reasonable costs and expenses,
including attorney's fees, for the collection of this Note upon default.
No delay or omission on the part of the holder of this Note in
exercising any right hereunder shall operate as a waiver of such right or of any
other right of such holder.
All payments on this Note shall be applied first to the payment of
accrued interest and any remainder to the payment of unpaid principal.
Maker hereby waives presentment, demand, notice of dishonor, notice of
maturity and notice of protest and all other notices related to this Note.
Maker consents to the non-exclusive jurisdiction of the New York State
and United States courts located in the County of Westchester, State of New
York, for the enforcement of this Note.
This Note shall be governed by the laws of the State of Connecticut
without reference to its conflict of laws and provisions.
This Note may not be modified, amended or terminated except by a
writing signed by Maker and the holder of this Note.
STAR STRUCK, INC.
By:
President
