Exhibit 10.1
Promissory Note, dated June 27, 2000 between eAutoclaims.com, Inc. and Randal K.
Wright and S. Reed Mattingly.
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PROMISSORY NOTE
$130,000 Columbia, South Carolina
Date: June 27,2000
FOR VALUED RECEIVED, eAutoclaims.com, Inc. promises to pay Randal K.
Wright and S. Reed Mattingly or order, the principal sum of One Hundred Thirty
Thousand and no/100 ($130,000.00) Dollars. Payable within sixty days (60) from
the date of signature or within 5 working days from the re-capitalization of
eAutoclaims.com.
This note is collateralized and secured by the assets of Premier
Express Claims, Inc.
If at any time any portion of the principal or interest be past due and
unpaid, the whole amount evidenced by this Note shall, at the option of the
holder, become immediately due and payable, and the holder shall have the right
to institute any proceedings upon this Note and any lien given to secure the
same for the purpose of collecting the principal and interest, with costs and
expenses, or of protecting any security connected herewith.
In the event of default in the payment of this Note, and if it is
placed in the hands of an attorney for collections, the undersigned hereby
agrees to pay all costs of collection, including a reasonable attorney's fee.
The undersigned reserves the right to prepay in full or in part at any
time without penalty.
Presentment, protest and notice hereby are waived.
Given under the hand and seal of the party on the date above written.
Accepted by eAutoclaims.com on _____________________
Print Name:
Signature:
Title:
Accepted by Randal K. Wright on
Signature:
