0001188112-06-000564 Sample Contracts

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SECURITY
Note and Security Agreement • February 28th, 2006 • Calton Inc • Operative builders

For value received, I promise to pay to you, or your order, at your address listed above the PRINCIPAL sum of __ONE MILLION SIXTY___ _SEVEN THOUSAND NINE HUNDRED FIFTY AND 00/100_____________________________________________________ Dollars $__1,067,950.00__________ [ X ] SINGLE ADVANCE: I will receive all of this principal sum on _12/28/2005_. No additional advances are contemplated under this note. [ ] MULTIPLE ADVANCE: The principal sum shown above is the maximum amount of principal I can borrow under this note. On __________ _________________ I will receive the amount of $ _______________ and future principal advances are contemplated. CONDITIONS: The conditions for future advances are ___________________________________________________________________________ ______________________________________________________________________________________________________________________________ ___________________________________________________________________________________________________

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