PROMISSORY NOTE

Date: [Date]

For value received, the undersigned [Your Name], located at [Your Company Address], hereby promises to pay to the order of [Lender's Full Name], with an address at [Lender's Address], the principal sum of [Principal Amount] dollars ($[Amount in Numbers]) with interest at the rate of [Interest Rate]% per annum.

This principal amount and interest are payable in [Number of Payments] installments, beginning on [First Payment Date] and continuing on the [Day] of each month thereafter until the entire indebtedness is fully paid.

Payments shall be made at the Lender's address, or at such other place as the Lender may from time to time designate in writing.

If any installment of this Note is not paid when due, the entire remaining unpaid balance of this Note, at the option of the Lender, shall become immediately due and payable.

This Note may be prepaid in whole or in part at any time without penalty.

In the event of default, the undersigned agrees to pay all costs of collection, including reasonable attorney's fees.

This Note shall be governed by and construed in accordance with the laws of the State of [State].

[Your Name]

[Date Signed]

[Lender's Full Name]

[Date Signed]