Phoenix International Ventures, IncStock Based Collateral Agreement • September 5th, 2008 • Phoenix International Ventures, Inc. • Ordnance & accessories, (no vehicles/guided missiles)
FOR VALUE RECEIVED, Phoenix International Ventures, Inc., a Nevada Corporation (OTC BB: PIVN) hereby promises to pay______________. (the “Holder”) on ____, 2009 (the “Maturity Date”), or earlier, the Note Amount of ____________ dollars U.S. (_________), plus accrued and unpaid interest thereon, in such amounts, at such times and on such terms and conditions as are specified herein. The Company, and the Holder are sometimes hereinafter collectively referred to as the “Parties” and each a “Party” to this Agreement.
