($_______) CITY/STATE

DATE:

FOR VALUE RECEIVED, the undersigned, ____________, (the "Maker"), promises to pay to the order of _______________ (the "Holder"), the principal sum of _________________ DOLLARS ($ _______), plus interest at the latest, TIMEFRAME from the date hereof at the rate of _____ PERCENT (__%) straight interest, or, ______________ DOLLARS ($_____), for a total repayment of principal plus interest in the amount of _______________DOLLARS ($____).

Payment shall be made in lawful money of the United States of America, at such place or places as may be designated in writing by the Holder hereof from time to time. Any payments shall be applied first to the payment of interest and second to the payment of principal.

UPON ANY DEFAULT under this Note, the entire balance of principal and interest shall, at the option of the Holder hereof, become immediately due and payable.

THE MAKER warrants and stipulates that the loan evidenced by this Note was transacted solely for the purpose of a personal loan to make a film entitled ____ and for no other purpose; and is in no way an investment or a commercial loan under the Uniform Commercial Code or otherwise.

THE MAKER shall pay also: (1) a late charge of ___ ( %) of the total amount due as provided above, if such payment is made more than ten (10) days after the due date thereof, and (2) all costs of collection, including attorney’s fees of ten percent (10%) of the balance due at the time this Note is referred to an attorney for collection.

THE MAKER shall have the right to prepay this Note, in whole or in part at any time, without penalty.

THE HOLDER hereof may extend the time of payment of this Note, postpone the enforcement hereof, grant any other indulgence and/or add or release any party primarily or secondarily liable hereon without affecting or diminishing the Holder’s right of recourse against the Maker, endorsers or any party to this Note, which right is hereby expressly reserved.

AS TO THIS NOTE and any other instruments, if any, securing it, the undersigned (and all endorsers and guarantors) severally waive presentment, protest and notice of dishonor, and expressly agree that the maturity of this Note, or any payment hereunder, may be extended from time to time without in any way affecting the liability of the undersigned (or any endorser or guarantor hereof).

HOLDER: MAKER:

_______________________ ___________________

Signature Signature

WITNESS: ______________________

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