Exhibit 4.7
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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$25,000
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April 14, 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 Five Thousand Dollars ($25,000) 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
la
