DO NOT DESTROY THIS NOTE: When paid, this note ("Note") and the Deed of Trust, as defined below, must be surrendered with the request for reconveyance. INSTALLMENT NOTE (Interest-Included) $3,000,000 Washoe County, Nevada, August 8, 2002 In...Installment Note • February 7th, 2003 • Altair Nanotechnologies Inc • Metal mining
This Note is secured by a deed of trust, security agreement and fixture filing with assignment leases and of rents (the "Deed of Trust") of even date herewith executed by Maker in favor of Holder and covering real property located in the County of Washoe, Nevada (the "Property"). In the event that Maker, or any successor in interest to Maker in the Property, either voluntarily or by operation of law, shall sell, transfer, further encumber, mortgage, or convey, or contract to sell, transfer, further encumber, mortgage, or convey, any or all of the Property which is not personal property, or any portion thereof, or any interest therein, at the option of the Holder, the obligation evidenced by this Note shall forthwith become due and payable although the time of maturity as expressed herein shall not have arrived. If Maker is a corporation, partnership, trust or other entity, the transfer, encumbrance or other disposition of the voting control of such entity or of the ownership of more th
