PROMISSORY NOTEPromissory Note • October 17th, 2005 • Asi Technology Corp • Electronic components, nec
Contract Type FiledOctober 17th, 2005 Company Industryrate of fifteen percent (15%) per annum. Unless paid to obtain partial reconveyance of the lien of the Guaranty, interest shall be payable in monthly interest only installments, commencing on the 12th day of November, 2005 and continuing on the twelfth day of each month (with a five day grace period for payment) until the 12th day of October, 2006, at which time the entire unpaid principal balance and any accrued interest is all due and payable. Interest shall be calculated on the basis of a 365-day year and actual days elapsed. The Note shall charge an interest rate of 15% per annum