0000853816-01-000003 Sample Contracts

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Promissory Note ---------------
Promissory Note • March 21st, 2001 • Landstar System Inc • Trucking (no local)

FOR VALUE RECEIVED, ----------- (the "Borrower") hereby promises to pay to LANDSTAR SYSTEM HOLDINGS, INC. (the "Lender") the sum of ------------DOLLARS ($xx,xxx.xx) (the "Loan") on --------, plus interest on the unpaid principal balance hereof from --------- at the annual rate of seven and a half percent (7.5%). Principal and interest shall be payable on the first, second, third, fourth, and fifth anniversary of the Loan commencing -------------.

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