Unsecured Promissory Note
Amount: $____________ (Principal) Date: ________________
FOR VALUE RECEIVED, the undersigned, _______________ (“Borrower”), presently maintaining an address at 369 Bundy Avenue, San Jose, CA 95117 (“Borrower's Address”) promises to pay to the order of ____________ (“Lender”), at FILL IN ADDRESS (“Lender's Address”) or at such other address as Borrower or any other lawful holder shall receive from Lender in writing on or before the Due Date hereof, the principal sum ___% (“Interest Rate”) per year thereon, compounded annually, from the date herein. The unpaid Principal and accrued interest shall be fully paid on or before _______________ (“Due Date”). All or any part of the Principal may be prepaid at any time and from time to time without premium or penalty. Payments shall be applied first to accrued interest and the balance to the Principal. In the event of payment in full on a date other than the annual anniversary of this note, the amount of accrued interest for the year of payment shall be calculated on an annualized pro-rated basis. All payments must be made in United States funds. The holder’s failure to exercise any right or option hereunder does not constitute a waiver of any future right or option. No modification to this document or indulgence by any holder hereof shall be binding unless in writing. If any provision of this note is deemed unenforceable, in whole or in part, for any reason, the remaining provisions shall still remain in full force and effect. This note and the indebtedness evidenced hereby shall be construed and enforced in accordance with and governed by the laws of the State of California applicable to obligations made and to be performed in California. Borrower has caused this note to be signed and delivered effective as of the date first above written. Acme Inc., a (fictitious) California corporation By:_________________________________ John Doe Its: President