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Exhibit 10.1
SENIOR PROMISSORY NOTE
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$____________
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October 1, 2008
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Home System Group, a Nevada corporation
("Maker"), hereby promises to pay to __________________________
("Holder"), at ___________ or at such other address as may be
specified by Holder, the principal sum of__________________,
without interest, in lawful money of the United States of
America.
This Note is being issued by Maker as payment
under that certain Stock Purchase Agreement dated September 23,
2008 (the “Agreement”), among Maker, Asia Forever
Investment Limited, a Hong Kong corporation, Liming Jiao
and Xiaohong Chen. This Note is being issued by Maker on the
closing date of the Agreement (the “Closing
Date”).
The principal indebtedness evidenced by this
Note shall not bear interest. Principal shall be payable
as follows: 25% payable on or before December 31, 2008,
the remaining principal amount to be repaid in three semi-annual
installments with the final installment and balance under this Note
due on or before the second anniversary of the Closing Date (the
“Maturity Date”).
This Note may be prepaid in full, or in part, at
any time.
Upon failure of Maker to pay any installment in
full
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