PROMISSORY NOTE WITH GUARANTEE
Date: ________________________
Maker: ________________________________________ [name of production
company]
Maturity Date: ______________________________________
Note #: ______________________________________
Principal Amount: $_________________________
FOR VALUE RECEIVED, on the maturity date set forth above, the undersigned
_____________________________ [insert name of maker] (“Maker”) promises to pay TO THE
ORDER OF __________________________________________________ [insert name of
lender / investor] (“Holder”) at _________________________ [city, state, country where
payment is to be made] the principal sum of ______________________________________
Dollars ($____________________) together with interest thereon from the date hereof on the
unpaid principal at the rate of ______________ percent (_____%) per annum.
Interest. Interest shall be computed at the above rate on the basis of the actual number of days
during which the principal hereunder is outstanding divided by 360 which shall, for the purposes
of this Note, be one year. Interest shall be payable on the date the Principal is due and payable
under this Note.
Acceleration on Default. Upon default, the whole sum of principal and interest shall become due
immediately at the option of the holder hereof. Default shall include the failure of the Maker to
pay interest or principal when due or the occurrence of an Event of Default as defined and set
forth in the _________________________ Agreement by and between the Maker and the Holder
dated the _____ day of ______________, _______.
Interest on Overdue Amounts. Upon default, the interest rate shall be increased to an amount
("Overdue Rate") equal to the lesser of (a) the maximum legal rate of interest permitted by
applicable law or (b) _____ percent (____%) per annum above the interest rate hereinbefore
provided for, provided that in no event shall such Overdue Rate be less than _____ percent
(____%) per annum (subject to subparagraph (a) of this paragraph). The Overdue Rate shall be
due and owing and shall accrue and be payable from the date of the occurrence of the default to
and including the date of payment of all sums due hereunder (or cure of such default, if permitted
pursuant to said ___________________ Agreement). The Overdue Rate shall be a