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NOTE

Promissory Note

NOTE | Document Parties: CLAIMSNET COM INC You are currently viewing:
This Promissory Note involves

CLAIMSNET COM INC

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Title: NOTE
Date: 1/12/2009
Industry: Computer Services     Sector: Technology

NOTE, Parties: claimsnet com inc
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Exhibit 10.1

NOTE

 

 

 

 

 

Date:

 

January 6, 2009

Maker:

 

Claimsnet.com, Inc.

Payee:

 

National Financial Corporation

Place for Payment:

 

14860 Montfort Dr., Suite 250, Dallas, TX 75254

Principal Amount:

 

One Hundred Thousand U.S. dollars (USD$100,000.00)

Annual Interest Rate on Unpaid Principal from Date of Funding: Five percent (5%)

Terms of Payment: Principal and interest shall be due and payable on demand, interest being calculated on the unpaid principal balance to the date of each installment paid, and the payment made credited first to the discharge of interest accrued and the balance to the reduction of the principal. Accrued and unpaid interest shall be computed on the basis of the actual days elapsed in a year consisting of 365 days on the principal.

Annual Interest Rate on Demanded, Unpaid Amounts: The highest rate allowed by law.

Security for Payment: None

Maker promises to pay to the order of Payee at the place for payment and according to the terms of payment the principal amount plus interest at the rates stated above. All unpaid amounts shall be due upon demand.

On default in the payment of this note or in the performance of any obligation in any instrument securing or collat


 
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