Date of Issue Note NumberSubordinated Term Note • May 15th, 1998 • Thaxton Group Inc • 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 _______________________________________________________
Date of Issue Note NumberSubordinated Daily Note • May 15th, 1998 • Thaxton Group Inc • 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.
