Axion International Holdings, Inc. DEMAND PROMISSORY NOTEDemand Promissory Note • May 4th, 2012 • Axion International Holdings, Inc. • Plastics foam products • Delaware
FOR VALUE RECEIVED, Axion International Holdings, Inc., a Colorado corporation (the “Payor”), hereby promises to pay to the order of ____________ or assigns, residing at __________________________________________ (the “Payee”), the principal amount of __________________________________________ ($______________), plus all accrued and unpaid interest from the date of this note (this “Note”) on the unpaid principal balance hereof, upon the terms and conditions specified below.
