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future federal, state or other statute, law or regulation relating to bankruptcy, insolvency or other <br />relief for Maker or Maker seeks or consents to or acquiesces in the appointment of any trustee, <br />receiver or liquidator of Maker or shall make any general assigmnent for the benefit of creditors, <br />or shall admit in writing its inability to pay its debts generally as they become due; <br />(f) A court of competent jurisdiction shall enter an order, judgment or decree <br />approving a petition filed against Maker seeking any reorganization, dissolution or similar relief <br />under any present or future federal, state or other statute, law, or regulation relating to <br />bankruptcy, insolvency or other relief for Maker and such order, judgment or decree shall remain <br />unvacated and unstayed for an aggregate of sixty (60) days (whether or not consecutive) from the <br />firsv date of entry thereof; or any trustee, receiver or liquidator of Maker shall be appointed <br />without the consent or acquiescence of Maker and such appointment shall remain unvacated and <br />unstayed for an aggregate of sixty (60) days (whether or not consecutive); <br />(g) Maker dissolves, any member withdraws from Maker or any other <br />termination of Maker's existence as a going concern occurs; or <br />(h) A material adverse change occurs in Maker's financial condition or Holder <br />believes the prospect of payment or performance of this Note is impaired. <br />6. Remedies. <br />(a) Acceleration, Upon the occurrence of an Event of Default, and without <br />Actnand on or notice to Maker or any other party, all amounts payable by Maker hereunder shall <br />immediately become due and payable in full. <br />(b) No Waiver. Holder's acceptance of interest at the Default Rate shall not <br />have the effect of curing any Event of Default and shall not prejudice the right of Holder to <br />collect any other amounts required to be paid or to declare a default under any of the "Loan <br />Documents," as defined in the Loan Agreement. No delay or omission on the part of Holder in <br />exercising any right or remedy under this Note or any other Loan Documents shall operate as a <br />waiver of such right or remedy or Holder's right to exercise same at any tirne. <br />7. ]Default Rate, Upon the occurrence of an Event of Default, at the option of Holder, all <br />amounts then unpaid under this Note shall bear interest from the date.of default until such default <br />is cured at a rate of interest (the "Default Rate") equal to ten percent (10%) per annum and shall <br />be immediately due and payable. Holder's acceptance of interest at the Default Rate shall not <br />have the effect of curing any Event of Default and shall not prejudice to the right of Holder to <br />collect any other amounts required to be paid or to declare a default under this Note. No delay or <br />omission on the part of Holder in exercising any right or remedy under this Note shall operate as <br />a waiver of such right or remedy or Holder's right to exercise same at any time. <br />8. No Waiver. The acceptance of any payment hereunder which is less than payment of all <br />amounts then due and payable shall not constitute a waiver of any of the rights or options of <br />Holder or to the exercise of those rights and options at the time of such acceptance or at any <br />subsequent time. No waiver by Holder of any right or remedy shall be effective unless in writing <br />and signed by Holder, and no such waiver, on one occasion, shall be construed as a waiver on <br />any other occasion. Maker waives any right of offset now or hereafter existing against Holder, <br />MPI,![Uf11L Spit, a1:151Yr11N. <br />