Exhibit 4.8
THIS NOTE HAS BEEN ACQUIRED
FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL
(i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933,
AS AMENDED (THE “ ACT ”) SHALL HAVE BECOME
EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY
OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO
THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN
CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY
APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED
UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS NOTE
6% PROMISSORY NOTE
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$20,000
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April 28, 2009
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Austin, Texas
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FOR
VALUE RECEIVED, SecureCARE Technologies, Inc., a Nevada
corporation, whose address is 1617 W. 6 th Street, Suite
C, Austin, TX 78703 (herein after the “Maker” or the
“Company”) promises to pay to the order of XXXXX in
lawful money of the United States of America, the principal amount
of Twenty Thousand Dollars ($20,000) together with interest at the
rate of six percent (6%) per year six months from the date of this
note.
The
Company shall use the proceeds of this note for working capital and
general corporate purposes.
In
the event of default in any payment due under this promissory note,
which remains unpaid for a period of ten days or more, the
principal and accrued interest amount shall immediately become due
and payable without any further demand or request.
If
any payment of principal or interest on this Note becomes due and
payable on a Saturday, Sunday or public holiday under the laws
o
