Promissory Note

Promissory Note

Houston, Harris County Texas

Promise To Pay Holder of This Note On Demand

For valuable consideration, the receipt and sufficiency of which is hereby acknowledged, on demand, we and each of us (hereinafter called Principal), jointly and severally, promise to pay to Derrick Dixon. d/b/a ASAP Bail Bond Company in his capacity as an agent of Lexington National Insurance Corporation. or bearer (herein called Holder), the sum listed below in US Dollars, together with interest at the rate of ten (10) percent per annum on the principal sum twice the amount of bond from the date shown above, payable at: 104 MAIN ST. HOUSTON, TX 77002 Houston, Harris County, Texas.

Waiver of Rights By Principal

By signing this Note, each Principal of this Note expressly waives demand, grace, notice to intent to accelerate, notice of acceleration, protest, and presentment for payment, and further agrees that this Note may be renewed, and the time for payment extended without notice, and without releasing any of the parties.

All Costs of Collection Shall Be Paid By Principal On Demand

Each Principal of this Note shall pay on demand all costs of collections, legal expenses, and attorney’s fees incurred or paid by the Holder in collecting or enforcing this Note. A waiver on any one occasion shall not be construed as a bar to or waiver of any right or remedy on any future occasion.

Definitions

As used in this Note, this term “Principal” means each of the undersigned. If this Note is signed by more than one in the capacity of Principal, it shall be the joint and several liabilities of these persons. The term “Holder” means the Payee or other endorsee of this Note who is in possession of it, or bearer of this Note.

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