Fusion Connect (FSNN) 10-K2010 FY Annual report

Filed: 13 Apr 11, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: acknowledging, advice, affirmation, aging, arriving, authenticating, background, bargaining, broadened, compatible, condensed, ControlSwitch, COO, correction, Darden, deconsolidation, defend, description, downsize, dramatically, equivalent, fourteen, God, Haiti, Haitian, investee, Jan, leadership, mew, misleading, misuse, mutual, overhead, owner, Phonetime, prejudice, promptly, questioning, restore, retention, Safecore, signature, slight, sooner, SS, stayed, substance, suddenly, supervision, supplement, tactical, transmitted, troubled, underlying, unexpired, untrue, vacancy, vacated, war, workforce

Removed: abandoned, acquired, affiliated, Ali, Allen, alter, amounted, anniversary, attributed, Bayram, BAYRAMOGLU, BAYSAN, begun, Booz, Broward, carried, cast, conduct, constitute, creation, default, discounted, encountered, erode, Estel, execution, expectation, exposed, fred, furnish, gradual, Hamilton, hizmetleri, hochberg, indefinite, John, Mecit, Mehmet, mesafe, migration, move, Musa, partially, partnership, permit, phase, practicable, raymond, repatriating, reviewing, softswitch, turkey, uzak, ve, Yahya, zlem

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

FSNN similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

PROMISSORY NOTE

and

SECURITY AGREEMENT

$___________

____________

Amount

Date

For value received, the undersigned maker (“Maker”), whose address is 420 Lexington Avenue, Suite 1718, New

York, NY 10170, promises to pay to the order of ____________ (“Lender”), whose address is 912 Fifth Avenue,

#5A, New York, NY 10035, the principal sum of ___________ Dollars ($_______) together with all interest

accrued from the date of execution of the Note at the rate of 3.25 percent (3.25%) per annum upon the unpaid

principal balance until the principal balance is paid in full, payable in U.S. Dollars at the Lender’s address set forth

above, or at such other address as Lender may designate. The principle sum and all accrued interest will be

payable in full upon ten (10) days notice of demand from Lender.

If an event of default shall occur, neither the failure of the Lender to promptly exercise its right to declare the

outstanding principal and accrued but unpaid interest hereunder to be immediately due and payable, nor the failure

to exercise any other right or remedy the Lender may have for default, nor the acceptance by the Lender of late or

partial payments shall constitute a waiver of such rights in connections with any future default on the part of the

undersigned or any other person who may be liable hereunder.

This Note is to be construed and enforced according to the laws of the state of New York.

This Note is secured by the Maker’s accounts receivable and Maker hereby grants Lender a security interest, pari

passu with other lenders, in all such accounts receivable.

In order to perfect a security interest in the accounts receivable, the Maker, if and when requested by the Lender,

agrees to execute and return to the Lender appropriate UCC-l financing statements.

Maker waives any right of exemption and waives presentment, protest and demand, notice of protest, demand,

and/or dishonor and nonpayment of this Note.

Maker:

Fusion Telecommunications International, Inc., a Delaware corporation

By: _________________________________

Printed Name: Gordon Hutchins, Jr., as President, COO and Acting CFO

Date: _______________

Page 1

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.