Standard FBO Note

Standard FBO Note

Nonnegotiable Promissory Note

The ______________ Corporation, hereinafter termed the Corporation, and its president, _____________, personally, hereby promise to pay ___________ (the payee) the sum of $5,000.00 -- (Five thousand dollars and no cents) plus simple interest at 10% (ten percent) three (3) years from the date of this note for cash received according to the terms set out herein. This nonnegotiable promissory note is a non-recourse note and is a general corporate debt obligation. No interest is payable on accrued interest. Advance payment, in part or in full, may be made on this note at any time, without notice, by either maker, said makers being ___________________ personally and the Corporation, incorporated in the State of _____________.

This note is personal to the payee and is issued pursuant to and concurrently with its associated fixed buyout certificate which is also issued on this date by the Corporation to the payee and which has a face value in the same amount as this note. This note can not be assigned, pledged or used as collateral. The rights of the payee are absolute and without restriction or conditions, except as set out herein, and are not subject to forfeiture of any type. All rights and benefits conferred by the statute of limitations are expressly waived by the makers. It is expressly agreed that suit may be maintained by payee exclusively the State Courts of __________ to enforce collection of payment on this note at any time after maturity, provisions of the statute of limitations, notwithstanding.

All requirements for presentment, demand, protest, notice of nonpayment, or dishonor and of protest, and any and all other notices and demands whatsoever are expressly waived by the makers, and consent is given that at any time, or from time to time, payment of the sum payable under this note may be extended by payee without notice, whether for a definite or indefinite time. All references in this note to the makers shall be deemed to include their successors, heirs and assigns. All references in this note to the payee shall be deemed to include the successors and heirs of the payee. In the event of litigation for the collection of this note, the prevailing part is entitled to all attorneys fees and costs. Payment of the note, with simple interest, also repurchases one multiple of said associated fixed buyout certificate. Said fixed buyout certificate and this promissory note are issued as a single participation unit.

Date: _________ Signed: _____________________ personally and as

President of the _____________ Corporation

Use of This Form -- Comments

1. The amount used on the note should be the same as on the associated FBO certificate. Both documents should bear the same date.

2. The State in which the corporation has its headquarters or in which it has its principal place of business should be used. The State in which it is incorporated can also be used.

3. The note can be signed by the corporation and/or the president of the corporation. Use of other signatures, particularly for those having a major interest in the corporation, may be appropriate.

4. The term of the note is normally no more than 3 years. The interest rate used should reflect current commercial (bank) interest rates.

Baby Safari.US -- Akilo.Com -- The Snow Water Corporation

2 Hayfields Road, Portola Valley, Ca 94028 -- (800) 872-5244