Promissory Note between ADATOM.com, Inc. and Richard S. Barton dated May 19, 2000

Contract Categories: Business Finance Note Agreements
Summary

ADATOM.com, Inc. agrees to repay Richard S. Barton $200,000 with no interest unless payment is not made when demanded. If the company fails to pay upon demand, the outstanding amount will accrue interest at 10% per year and become immediately due. If legal action is required to collect the debt, ADATOM.com, Inc. will also be responsible for court-awarded attorney's fees. The agreement is signed by Michael M. Wheeler, Controller of ADATOM.com, Inc.

EX-4.24 7 0007.txt PROMISSORY NOTE EXHIBIT 4.24 PROMISSORY NOTE $200,000.00 Milpitas, California May 19, 2000 For value received, ADATOM.com, Inc., promises to pay Richard S. Barton the sum of Two hundred thousand ($200,000.00) with no interest. Principal is due on demand. Should default be made in payment of principal when demanded the whole sum of principal shall start bearing interest at the rate of 10% per annum, and shall become immediately due. If action be instituted on this note, the maker promises to pay such sum as a court may fix as attorney's fees. Adatom.com, Inc. By: /S/MICHAEL M. WHEELER --------------------- Michael M. Wheeler Controller