EXHIBIT 10.2
EXHIBIT A
PROMISSORY NOTE
FOR VALUE RECEIVED ,
the undersigned, CapSource Financial, Inc., a Colorado corporation
(the “ Borrower
”), with its principal executive office at
2305 Canyon Boulevard, Suite 103, Boulder, CO 80302, hereby
promises to pay to the order of Randolph M. Pentel, (the
“ Lender ”) or its assigns, at its offices at 715 Eaton Street,
St. Paul, MN 55107 or at such other place as the Lender may
designate by written notice to the Borrower, the principal sum of
___________DOLLARS ($_______), pursuant to the terms of that
certain Master Loan Agreement between the parties (the
“ Loan Agreement ”) , together with
Basic Interest at the rate of 9.50% per annum thereon from the date
each advance is made until paid in full, and Default Interest as
set forth in Section 2.8 of the Loan Agreement. Payments of
principal and interest shall be made in immediately available funds
in lawful money of the United States. Capitalized terms not
otherwise defined herein shall have the meaning given them in the
Loan Agreement.
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1.
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Payment of Principal and
Interest
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(a) Borrower shall pay accrued
Basic Interest (and Default Interest, if applicable) on the
outstanding principal balance under this Note at maturity. Interest
on this Note shall be calculated on the basis of a 365-day year and
for the actual number of calendar days elapsed.
(b) The entire unpaid principal
balance, together with the accrued but unpaid interest and other
unpaid charges or fees hereunder, shall be due and payable in full
on _______, 2008 (the “ Maturity Date
”).
(c) The Borrower shall have the
right to prepay this Note, in whole or in part, pursuant to the
terms of the Loan Agreement. Any prepayments shall be applied first
to accrued Basic Interest, accrued Default Interest until the
entire amount thereof has been paid and next to
principal.
(d) Notwithstanding anything herein
to the contrary, if any amount of principal or interest
becom
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