Promissory Note between P.P.C.T. Products, L.L.C. and SouthTrust Bank, N.A. dated October 29, 2000
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Summary
P.P.C.T. Products, L.L.C. has agreed to borrow $250,000 from SouthTrust Bank, N.A. under this promissory note. The loan carries a variable interest rate starting at 13% per year and is due in full, with interest, by April 30, 2001. Monthly interest payments are required, and late payments incur a penalty. The agreement outlines conditions for default, including missed payments or insolvency, and allows for prepayment without penalty. If default occurs, the lender may accelerate repayment and charge additional interest.
EX-10.9 13 a2039854zex-10_9.txt EXHIBIT 10.9 *0990000522187363335009526* PROMISSORY NOTE