August 9, 2010
FOR VALUE RECEIVED , the undersigned corporation (the “ Company ”), promises to pay to MR.
LEONID PUSHKANTSER and MRS. ANNA YANOVSKAYA , husband and wife with the Right of
Survivorship, residing at 251 Warren Avenue, Fort Lee, NJ 07024 (the “ Lender ”) or other address as the
Lender shall specify in writing, the principal sum of One Hundred Thousand Dollars and Zero Cents
($100,000.00) and interest at the annual rate of five percent (5%) on the unpaid balance pursuant to the
Principal and Interest . For value received, the Company hereby promises to pay to the order of the
Lender in lawful money of the United States of America and in immediately available funds the principal sum of
One Hundred Thousand Dollars and Zero Cents ($100,000.00) , together with interest on the unpaid principal of
this note at the rate of five percent (5%) per year (computed on the basis of a 365-day year) from the date and
upon the conditions specified in Section 2 of this Promissory Note (the “ Note ”) until paid in full. Interest shall
begin to accrue as of the date of this Note.
Principal and Interest Installment Payments . Repayment of this note shall commence on the first day
of the month following the execution of this Note, at the rate of $5,000.00 per month, plus interest as specified in
Section 1, until the principal is paid off together with all interest due. At Company’s option, the loan may be
prepaid without penalty. Interest shall begin to accrue as of the date of this Note.
All principal and accrued interest shall be due and payable five (5) calendar years from the date of this Note (the
“Term”), in cash, notwithstanding the provisions of this Section 2. All payment amounts shall be first applied to
interest, if any, and then to the balance to principal.
Right of Prepayment . Notwithstanding the payments pursuant to Section 2, the Company at its option
shall have the right to prepay a port