FOR VALUE RECEIVED, AMERICAN LIFE HOLDING COMPANY, INC.. , a Florida corporation (the
“Maker”), agrees and promises to pay to the order of FUNDTECH SOLUTIONS, INC. a, its successors and/or
assigns (the “Holder”) on demand (the “Maturity Date”) at the Holder’s principal executive office address, or such other
place as designated in writing by the Holder of this Promissory Note, the principal sum of SIXTEEN THOUSAND
ONE HUNDRED Dollars (US$16,100.00) (the “Loan”), with interest at a rate of 18% per annum, payable in lawful
money of the United States which shall be legal tender in payment of all debts at the time of payment. The funds loaned
by Holder to the Maker were provided from time to time during April and May 2010 as set forth on Schedule A
attached hereto which provides the dates and amounts of each loan.
This Promissory Note may be prepaid at any time prior to the Maturity Date by the Maker without premium or
The entire principal amount of the Loan, shall be due and payable on the Maturity Date. In the event that any
payment of principal falls due to a day that is Saturday, Sunday or holiday when national banks in the United States
must or may be closed for business, the payment shall be due on the immediately following business day.
It is the intent of parties hereto that in no event shall the amount of interest due or payment in the nature of
interest payable hereunder exceed the maximum rate of interest allowed by applicable law, as amended from time to
time, and in the event any such payment is paid by the Maker or received by Holder, then such excess sum shall be
credited as a prepayment of principal, unless the Maker shall notify the Holder, in writing, that the Maker elects to have
such excess sum returned forthwith.
This Promissory Note shall not be modified except by an instrument in writing signed by the party against whom
enforcements of such modification is sought.
This Promissory Note shall be governed and cons