November 15, 2007
FOR VALUE RECEIVED, and at the times hereinafter specified, the undersigned (“Maker”) hereby
promises to pay to the order of SPYGLASS INVESTMENT PARTNERSHIP (hereinafter referred to, together
with each subsequent holder hereof, as “Holder”), at such address as may be designated from time to time
hereafter by any Holder, the principal sum of TWO HUNDRED AND FIFTY THOUSAND AND
NO/100THS DOLLARS ($250,000.00), or so much thereof as shall have been advanced to or for the benefit
of Maker, together with interest on the principal balance outstanding from time to time, as hereinafter provided, in
lawful money of the United States of America.
The term of this note shall commence as of the date hereof and, if not sooner paid, the entire unpaid
principal indebtedness, all accrued and unpaid interest, and all other sums payable in connection with this note
shall be due and payable on November 15, 2008 (the “Maturity Date”). Notwithstanding the foregoing sentence,
the maturity date of this note may be extended at the option of Maker for a period of one year following the
Maturity Date provided Holder receives a renewal fee equal to 1.5% of the then outstanding principal balance
due. In no event shall the maturity date of this note be later than November 15, 2009.
During the period commencing on the date hereof and continuing until this note is paid in full, (a) interest
on the principal balance of this note shall accrue at the rate of 15% per annum and (b) interest payments shall be
made every 90 days, beginning 90 days for the date hereof. Interest shall be computed on the basis of a 360-
day year, calculated for the actual number of days elapsed.
Whenever any payment to be made hereunder is due on a day other than a Business Day, such payment
may be made on the next succeeding Business Day, and such extension of time shall in such case be included in
the computation of payment of i