"PROMISSORY NOTE - Download Now DOC"
PROMISSORY NOTE $xxx.00 ________________, 2007 Principal Amount Knoxville, Tennessee For good and valuable consideration, the undersigned promise to pay to the order of BP Express, Inc., at 120 Huxley Road, Suite 102, Knoxville, Tennessee, or their assigns, the sum of _______________ Dollars ($xxx.00); such amount being payable in lawful money of the United States of America at the address set forth above, or at such other place as the holder hereof may designate in writing from time to time. Said amount shall be due and payable on or before __________________________________, 2006. This obligation shall not be negotiable or assignable. Time is of the essence of this Note. If default be made in the payment of the principal, or any installment thereof, then the entire amount of the principal of this Note shall, at the option of the holder, after fifteen (15) days written notice of such default, become due and collectible. In the event of default, interest shall begin to accrue at the maximum rate allowed by law and the maker shall be liable for attorney fees and all costs of collection, in addition to the unpaid principal and the interest accruing after default. The undersigned shall have the right to prepay this Note, in part or in full. Presentment for payment, demand, protest and notice of demand, protest and nonpayment are hereby waived by the maker and all other parties hereto. The holder hereof may grant extension or extensions of the time of payment of this Note or of any part hereof to the undersigned without releasing or in any manner affecting the liability of any other parties secondarily liable hereon. By: ____________________________________ Its: ____________________________________