Promissory Note between Vincent Pluvinage and Preview Systems, Inc. dated October 11, 2000
Vincent Pluvinage agrees to repay Preview Systems, Inc. $175,000 plus 11% annual interest, with the full amount due by October 11, 2001. If his employment or consulting relationship with the company ends before repayment, the entire balance becomes immediately due. Payments can be made early without penalty, and any legal costs for collection may be added to the amount owed. The note is governed by standard waivers for presentment and notice.
EXHIBIT 10.2
PROMISSORY NOTE
$175,000
Cupertino, California
October 11, 2000
For value received, the undersigned promises to pay Preview Systems, Inc., a Delaware corporation (the "Company"), at its principal office the principal sum of $175,000 with interest from the date hereof at a rate of 11.00% per annum, compounded annually, on the unpaid balance of such principal sum. Such principal and interest shall be due and payable on October 11, 2001.
If the undersigned's employment or consulting relationship with the Company is terminated prior to payment in full of this Note, this Note shall be immediately due and payable.
Principal and interest are payable in lawful money of the United States of America. AMOUNTS DUE UNDER THIS NOTE MAY BE PREPAID AT ANY TIME WITHOUT PREMIUM OR PENALTY. Any such prepaid amounts shall be applied to accrued interest before application to any principal amount due.
Should suit be commenced to collect any sums due under this Note, such sum as the Court may deem reasonable shall be added hereto as attorneys' fees. The makers and endorsers have severally waived presentment for payment, protest, notice of protest, and notice of nonpayment of this Note.
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EXHIBIT 10.2
PROMISSORY NOTE
