NOTE Exhibit 10.25
$40,000 Date: September 22, 2000
FOR VALUE RECEIVED, Archer Systems Limited, Inc., the undersigned
("Payor"), hereby promises to pay to the order of Richard J. Margulies, an
individual, ("Holder"), the principal amount of $40,000.00, payable twenty four
(24) months after the date first set forth above. The principal amount hereof
from time to time outstanding shall bear interest at the rate of six percent
(6%) per annum, payable on the date set forth above. All payments hereunder
shall be in lawful money of the United States of America at the address of the
Holder hereof or at such address as shall be specified by the Holder to Archer
Systems Limited, Inc.
If any default shall be made in the payment of interest or principal, then
the Holder, by written notice to the Payor, may exercise all of its legal rights
to collect the balance due unless within five (5) business days after such
notice the default shall be cured by Payor. Such notice shall be deemed given
three (3) days after having been deposited in the United States Mail properly
addressed and sent by registered mail to the particular addressee, return
receipt requested.
Prepayments may be made in this note voluntarily at any time and from time
to time, without penalty.
Archer Systems Limited, Inc.
BY:/s/Walter J. Krzanowski
--------------------------
Secretary/Treasurer
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