DELTA MUTUAL, INC.
6% PROMISSORY NOTE
FOR VALUE RECEIVED, DELTA MUTUAL INC., a Delaware corporation (the "Company"), with its
principal office at 14301 North 87
Street, # 310, Scottsdale AZ 85260, promises to pay to Security Systems
International, LLC, an Arizona limited liability company, (the "Lender"), with a mailing address of 9034 East
Caribbean Lane, Scottsdale, AZ 85260, in lawful money of the United States of America, the principal sum of
Eight Thousand Five Hundred Seventy Seven Dollars ($8,577), together with interest from the date of this Note
on the unpaid principal balance at a rate equal to six percent (6.0%) per annum, computed on the basis of a year
of 360 days. All unpaid principal, together with any then unpaid and accrued interest, shall be due and payable at
any time after the earlier of each of (i) the Maturity Date (as defined below), or (ii) when, upon or after the
occurrence of an Event of Default (as defined below), such amounts are declared due and payable by the Lender
or made automatically due and payable in accordance with the terms hereof.
The following is a statement of the rights of the Lender and the conditions to which this Note is subject,
and to which the Lender, by the acceptance of this Note, agrees:
1. Definitions . As used in this Note, the following capitalized terms have the following meanings:
1.1 “Company” includes the corporation initially executing this Note and any Person which shall succeed to or
assume the obligations of the Company under this Note.
1.2 “Event of Default” has the meaning given in Section 5 hereof.
1.3 “Lender” shall mean the Person specified in the introductory paragraph of this Note.
1.4 “Maturity Date” shall mean the date on which the Company receives demand for payment, in writing, from
1.5 “Obligations” shall mean all obligations owed by the Company to the Lender, now existing or hereafter arising
under or pursuant to this Note.
1.6 “Person” shall mean and inc