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UNSECURED PROMISSORY
NOTE
Purple
Beverage Company, Inc., a Nevada corporation (“ Maker
”), hereby promises to pay to the order of GS Holding LLC, an
individual or order (“ Lender ”), in lawful
money of the United States of America, the lesser of One Hundred
Thousand Dollars ($100,000.00) or the principal balance outstanding
under this Unsecured Promissory Note, together with accrued and
unpaid interest thereon, if any, at the rate or rates set forth
below.
The unpaid
principal amount of this Unsecured Promissory Note shall bear
interest at a rate of 11% until the date on which this Unsecured
Promissory Note has been paid in full. If any interest is
determined to be in excess of the then legal maximum rate, then
that portion of each interest payment representing an amount in
excess of the then legal maximum rate shall be deemed a payment of
principal and applied against the principal of the obligations
evidenced by this Unsecured Promissory
Note.
This Unsecured
Promissory Note shall be paid in accordance with the schedule
attached (Exhibit A) and may be prepaid in whole or in
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