CONVERTIBLE SENIOR NOTEConvertible Senior Note • July 3rd, 2007 • Triton Distribution Systems, Inc. • Transportation services
FOR VALUE RECEIVED, the undersigned, TRITON DISTRIBUTION SYSTEMS, INC., a Colorado corporation (“Borrower” or “Company"), hereby promises to pay to JMW FUND LLC., SAN GABRIEL FUND LLC., UNDERWOOD FAMILY PARTNERS, LTD., AND BATTERSEA CAPITAL, INC., (hereinafter collectively the “Lender” or “Lenders”), or order, the principal sum or so much of the principal sum of Three Million Dollars ($3,000,000) as remains unpaid together with accrued interest as provided herein on or before the Maturity Date. This Note is being delivered pursuant to a Term Sheet between the Borrower and Lender executed as of [insert date] which provides for the following:
