THIS PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933,
AS AMENDED. THE NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND MUST BE HELD
INDEFINITELY UNLESS IT IS SUBSEQUENTLY REGISTERED UNDER SAID ACT OR, IN THE
OPINION OF COUNSEL TO THE COMPANY, AN EXEMPTION FROM REGISTRATION UNDER
SAID ACT IS AVAILABLE.
$ _, 2002
FOR VALUE RECEIVED, MedStrong International Corporation, having an address at 500 Silver Spur Road,
Suite 303, Rancho Palos Verdes, CA 90274 ("Maker"), promises to pay to ____________________
("Payee"), in lawful money of the United States of America, the principal sum of
__________________________ ($_________), together with interest thereon accruing at an annual rate equal
to 15%, in the manner provided below. Interest shall be calculated on the basis of a year of 365 or 366 days, as
applicable, and charged for the actual number of days elapsed.
1.1 PRINCIPAL AND INTEREST
Interest on the unpaid principal amount shall be payable monthly in arrears on the last day of each calendar
month, commencing with December 31, 2002 until the entire principal amount shall be paid in full. All principal
and accrued interest shall be paid in full on ___________, 2003.
1.2 MANNER OF PAYMENT
All payments of principal and interest on this Note shall be made by check at _________________
_______________ or at such other place in the United States of America as Payee shall designate to Maker in
writing. If any payment of principal or interest on this Note is due on a day which is not a Business Day, such
payment shall be due on the next succeeding Business Day. "Business Day" means any day other than a Saturday,
Sunday or legal holiday in the State of New York.
Maker may, without premium or penalty, at any time and from time to time, prepay all or any portion of the
outstanding principal balance due under this Note, provided that each such prepayment is accompanied by
accrued interest on the amount of principal p