1. Promise to Pay. For value received, (Borrower) promises to pay Vedabrat Anand Etwaru (Lender) $

2. Installments.

Option 1
Borrower will pay payments of $ each at N/A Daily Weekly Monthly Annually intervals beginning on the day of the month.
Option 2
Borrower will pay one lump payment on date
Option 3
Borrower will pay payments of $ each at intervals with a final balloon payment of $ at the end of the loan term on date.
3. Application of Payments.
Payments will be applied to the interest first and then to principal.

4. Prepayment.
Borrower may prepay all or any part of the principal without penalty and future interest at anytime.

5. Loan Acceleration.
If Borrower is more than days late in making any payment, Lender may declare that the entire balance of unpaid principal is due immediately, together with the interest that has accrued.

6. Security.

Option 1.
Borrower agrees that until the principal and interest owed under this promissory note are paid in full, this note will be secured by a signed agreement and Uniform Commercial Code Financing statement giving Lender a security interest in the equipment, fixtures, inventory, ad accounts receivable of the business known as .

Option 2.
Borrower Agrees that until the principal and interest owed under this Promissory note are paid in full, this note will be secured by the
(Option 2.1) Mortgage of the following property
under the name of
(Option 2.2) deed of trust covering the real estate commonly known as
and located at
and more fully described as follows:

7. Collection Costs.
If Lender prevails in a lawsuit to collect on this note, Borrower will pay Lender's costs and lawyer's fees in an amount the court finds to be reasonable.

The undersigned and all other parties to this note, whether as endorsers, guarantors or sureties, agree to remain fully bound until this note shall be fully paid and waive demand, presentment and protest and all notices hereto and further agree to remain bound notwithstanding any extension, modification, waiver, or other indulgence or discharge or release of any obligor hereunder or exchange, substitution, or release of any collateral granted as security for this note. No modification or indulgence by any holder hereof shall be binding unless in writing; and any indulgence on any one occasion shall not be an indulgence for any other or future occasion. Any modification or change in terms, hereunder granted by any holder hereof, shall be valid and binding upon each of the undersigned, notwithstanding the acknowledgement of any of the undersigned, and each of the undersigned does hereby irrevocably grant to each of the others a power of attorney to enter into any such modification on their behalf. The rights of any holder hereof shall be cumulative and not necessarily successive. This note shall take effect as a sealed instrument and shall be construed, governed and enforced in accordance with the laws of the State of New Jersey, USA.


Witnessed Date
Borrower Date
Lender Vedabrat A. Etwaru Date