EXHIBIT 10.8Unsecured Revolving Credit Note • November 15th, 2007 • American Life Holding Co Inc • Insurance agents, brokers & service
Contract Type FiledNovember 15th, 2007 Company IndustryFOR VALUE RECEIVED, AMERICAN LIFE HOLDING COMPANY, INC., a Florida corporation (the "Borrower"), hereby promises to pay to the order of DR. AND MRS. ARCHER W. BISHOP, JR. (collectively, the "Lender"), at Knoxville, Tennessee, or such other location as the Lender may in writing designate, the principal sum of THREE HUNDRED THOUSAND DOLLARS ($300,000.00), or such lesser amount as shall equal the aggregate unpaid principal amount of all funds advanced the Borrower by the Lender in accordance with the terms of this Note, in lawful money of the United States of America in immediately available funds, on the date and in the amounts stated herein and to pay interest on the unpaid principal amount of this Note at such office, in like money and funds, on the dates specified herein. The Borrower may, from time to time, borrow, repay and reborrow under the terms of this Note up to but not exceeding the principal amount of this Note upon delivery to Lender of a request of such advance of the proce