Exhibit 10.3
PROMISSORY NOTE
Henderson, Nevada
U.S. $ As of , 2004
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For value received, Millenium Holding Group, Inc., a Nevada corporation
(the "Company"), promises to pay to the order of ___________________________
(the "Lender"), at the address listed below or at such other place as the Lender
may designate in writing, the principal sum of
___________________________________________________________________ U.S. Dollars
(US $) (the "Principal"), plus interest on the unpaid Principal at the rate of
eight percent (8%) per annum from the date in which the Company receives the
Principal Amount. In no event shall the amount of interest paid hereunder exceed
the maximum rate of interest allowable by applicable law.
On the ninetieth (90th) day from the date in which the Company receives the
Principal Amount (the "Maturity Date"), the entire Principal balance of this
Promissory Note (the "Note"), plus any accrued and unpaid interest on this Note
shall be due and payable.
All installments of Principal and interest on this Note shall be payable in
lawful money of the United States of America. If a payment hereunder becomes due
and payable on a Saturday, Sunday or legal holiday, the due date thereof shall
be extended to the next succeeding business day.
The Company may prepay any amount due hereunder without premium or penalty.
All prepayment amounts received shall be applied first to interest and then to
Principal
The Company waives presentment, protest and demand, notice of protest,
demand, dishonor and nonpayment of this Note, and any and all other notices and
demands in connection with the delivery, acceptance, performance, default, or
enforcement of this Note, and the Company hereby waives the benefit of any
statute of limitations with respect to any action to enforce, or otherwise
related to, this Note.
Any provision of this Note, which may be prohibited by law or otherwise
held invalid shall be ineffective only to the extent of such prohibition or
invalidity and shall not invalidate or otherwise render ineffective the
remaining provisions of this Note. No waiver or modification of any of the terms
or provisions of the Note shall be valid or binding unless set forth in a
writing signed by a duly authorized officer or other representative of the
Company and the Lender, and then only to the extent therein specifically set
forth.
All notices and other communications required or permitted hereunder shall
be in writing and shall be delivered by facsimile with a confirming copy sent by
air or personal courier, or otherwise delivered by personal courier, by hand or
by messenger, addressed as follows or as the parties may from time to time
provide in accordance hereto:
To the Lender: --------------------------
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If to the Company: Millenium Holding Group, Inc.
00 Xxxxxxx Xxxx.
Henderson, Nevada 89052
Attention: Xxxxxxx Xxx
Fax No.: (000) 000-0000
Each such notice or other communication shall for all purposes of this Note be
treated as effective or having been given when delivered if delivered
personally, or, if sent by facsimile followed by air courier delivery as
provided herein, on the earlier of the date of actual receipt or the day the
facsimile is sent if such facsimile is acknowledged as having been received by
the transmitting station.
This Note shall be governed by and interpreted in accordance with the
laws of the State of Nevada.
IN WITNESS WHEREOF, the undersigned has executed this Note as of the _____
day of ______________________________ , 2004.
MILLENIUM HOLDING GROUP, INC.
By:
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Xxxxxxx Xxx
Title: President/CEO
