PROMISSORY NOTE (ON DEMAND)
  
$ *

Dated: * 

For value received, * , the Borrower, whose address is * , promises to pay ON DEMAND
to * , the Noteholder, whose address is * , the principal amount of $ * , with interest at the rate of
* percent on any unpaid balance.

This note may be prepaid in whole or in part at any time without penalty. This note is not
assumable without the written consent of the Noteholder. The Borrower waives demand,
presentment for payment, protest, and notice. In the event of such default of over * days in
making payment, Borrower will also be responsible for any costs of collection on this note,
including court costs and attorney fees.

*
Signature of Borrower
*
Printed Name of Borrower