FOR VALUE RECEIVED, on or before the undersigned, Grip ---------------- Technologies, Inc., a California corporation ("Borrower"), promises to pay to the order of , or its successors or assigns --------------------------- ("Holder"), at the principal...Convertible Note • June 16th, 1997 • Grip Technologies Inc • Motor homes
Notwithstanding any other provisions of this note, if at the time of conversion, Borrower is obligated to withhold any amount of the interest to be converted for either federal or state income tax purposes, then, at Borrower's option, Borrower may either (i) require Holder to pay the entire amount of such withholding as a condition to the exercise by Holder of its conversion right, or (ii) require that Holder not convert that portion of the interest which is required to be withheld.
EXHIBIT 4.1 WELLS FARGO BANK LOAN COMMITMENT NOTE ----------------------------- ---------------------------------------------------Loan Agreement • June 16th, 1997 • Grip Technologies Inc • Motor homes • California
