SECURED REVOLVING LOAN NOTESecured Revolving Loan Note • February 14th, 2008 • Media Sciences International Inc • Miscellaneous chemical products • New Jersey
This Secured Revolving Loan Note (“Note”) bears interest during each calendar month from the date hereof until paid, at an interest rate per annum as set forth in the Loan Agreement Interest is to be paid at time intervals as set forth in the Loan Agreement. In no event is the interest rate to be higher than the maximum lawful rate. Interest is calculated on a daily basis upon the unpaid balance based upon the actual number of days elapsed, with each date representing 1/360th of a year.
