0000950168-98-001664 Sample Contracts

Date of Issue Note Number
Thaxton Group Inc • May 15th, 1998 • Personal credit institutions

This Subordinated Daily Note (the "Daily Note") shall bear interest on the unpaid principal amount at the initial rate of _________________________. This rate may fluctuate as described on the reverse side hereof.

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Date of Issue Note Number
Thaxton Group Inc • May 15th, 1998 • Personal credit institutions

FOR VALUE RECEIVED, The Thaxton Group, Inc., (the "Issuer") hereby promises to pay the principal amount of _______________________________________________ on the Stated Maturity Date set forth below, as the same may be extended as provided herein, to _______________________________________________________

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