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be applied to payments of principal in the inverse order of their <br /> scheduled maturities . <br /> Upon the occurrence of an event of default or default <br /> specified in the Agreement, the unpaid principal hereof and <br /> accrued interest thereon may be declared to be forthwith due and <br /> payable as provided in the Agreement, and in the event the <br /> Company shall fail to pay the amounts required to be paid by this <br /> Note when due, the Company shall pay interest on such overdue <br /> amounts at a rate equal to the Alternative Rate of Interest . <br /> The Company hereby promises to pay costs of collection and <br /> reasonable attorneys' fees in case of default on this Note. <br /> This Note shall be governed by and construed in accordance <br /> with the laws of the State of North Carolina. <br /> ISOTECHNOLOGIES, INC. <br /> By <br /> President <br /> [Seal ] <br /> Attest: <br /> Secretary <br /> A-3 <br />