UNSECURED PROMISSORY NOTEExtension Agreement • April 14th, 2011 • INTREorg SYSTEMS INC. • Services-computer integrated systems design
This Note shall bear simple interest at a rate of six percent (6%) per year from the date hereof until paid in full. The Note shall be due and payable One hundred and Eighty Days (180) days from the date hereof, at which time the Maker shall pay the principal and all interest accrued thereto. Maker 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 180 day period, until maturity of the note.
