Common use of Series of Notes Clause in Contracts

Series of Notes. This, Note is one of a series of notes executed by the Borrower in connection with the extension of credit made by various creditors (together the "Creditor") in the aggregate principal amount up to $750,000 (the "Credit~). In consideration of the extension of the Credit, each Creditor shall receive shares of the Common stock in proportion to the amount of the Credit which is extended by such Creditor; the aggregate number of shares of Common Stock of the Borrower shall be up to 150,000 shares.