PROMISSORY NOTE
$__________________ Las Vegas, Nevada
FOR VALUE RECEIVED, Crest View, Inc. (hereinafter referred to as "Maker"),
promises to pay to the order of____________________ (hereinafter referred to as
"Holder"),_______________________________________ , or at such other address as
Holder may designate in writing, the principal sum of __________________________
($_______________) until paid, at the rate seven percent (7%) per annum.
The principal amount of the note shall be due and payable on or before June 30,
2003.
Should the amount owing on this note not be paid when due, the entire unpaid
principal sum evidenced by this Note will, without notice to the Maker, become
due and payable.
Maker hereby waives presentment of payment, protect and demand, notice of
protest, demand and dishonor and nonpayment of this Note, and consents that the
holder may extend the time of payment or otherwise modify the terms of payment
or any part or whole of the indebtedness evidenced by this Note as the request
of any other person liable hereon, and consent shall not alter nor diminish the
liability of any party hereunder.
Maker may repay the indebtedness evidenced hereby in whole or in part from time
to time without premium or penalty.
As used herein, Holder shall include any subsequent holder of this Note. Maker
shall have no right to assign this Note without the consent of Xxxxxx, and in no
event shall any assignment of this Note by Maker act to release maker from any
obligations hereunder unless such release is evidenced in writing by Xxxxxx.
This Note shall be governed by the laws of the State of Nevada.
Witness the hand of the undersigned this_________ day of_______________.
CREST VIEW, INC.
By:
------------------------
Xxxxxx X. Xxxxxx, CEO
