UNSECURED PROMISSORY NOTEUnsecured Promissory Note • January 21st, 2011 • International Paintball Association, Inc. • Services-miscellaneous amusement & recreation
This Note shall bear simple interest at a rate of ___ percent (__%) per year from the date hereof until paid in full. The Note shall be due and payable _____________ from the date hereof, at which time the Maker shall pay the principal and all interest accrued thereto. Make shall have the right to prepay this Note, in whole or in part, at any time without penalty. Maker’s payment of this note shall be unsecured, however, will carry a senior endebtedment position over all other unsecured notes the company has, or may have over the _____ period, until maturity of the note.
