UNSECURED PROMISSORY NOTE

UNSECURED PROMISSORY NOTE

Purple Beverage Company, Inc., a Nevada corporation (“ Maker ”), hereby promises to pay to the order of Michael Wallace, an individual or order (“ Lender ”), in lawful money of the United States of America, the lesser of Forty Five Thousand Dollars ($45,000.00) 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 (“ Balance Due ”), on demand at any time.
The unpaid principal amount of this Unsecured Promissory Note shall bear interest at a rate of 2.54% 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