Promissory Note between ATM Service, Ltd., The Intrac Group, Ltd., and WorldWide Web NetworX Corporation dated June 16, 2000

Contract Categories: Business Finance Note Agreements
Summary

ATM Service, Ltd. and The Intrac Group, Ltd. agree to repay WorldWide Web NetworX Corporation $141,000, or any lesser outstanding amount, with interest as specified in a related Funding Agreement dated June 15, 2000. The full amount, including accrued interest, is due by October 16, 2000. The note may be prepaid in full at any time, following the terms of the Funding Agreement. This document outlines the repayment terms and obligations of the borrowers to the lender.

EX-10.64 7 a2034938zex-10_64.txt EXHIBIT 10.64 EXHIBIT 10.64 PROMISSORY NOTE June 16, 2000 For Value Received, each of the undersigned hereby promises to pay to the order of WorldWide Web NetworX Corporation and its successors and assigns the principal sum $141,000. or such lessor amount as shall be outstanding hereunder together with interest thereon at the rates set forth in that certain Funding Agreement, dated as of June 15, 2000 (the "Funding Agreement") among ATM Service, Ltd., The Intrac Group, Ltd., Warren Rothstein, Tom Settineri, Gary K. Levi and WorldWide Web NetworX Corporation. The outstanding principal amount hereof, together with all accrued and unpaid interest hereon, shall be due and payable October 16, 2000. The principal hereof may be prepaid at any time and shall be prepaid in accordance with the provisions of the Funding Agreement. All prepayments shall be in whole and not in part and all accrued but unpaid interest to the date of prepayment shall accompany such prepayment. ATM SERVICE, LTD. By: /s/ Thomas A. Settineri ------------------------ Thomas A. Settineri President THE INTRAC GROUP, LTD. By: /s/ Thomas A. Settineri ------------------------ Thomas A. Settineri President