15% Uses in Base Interest Rate Clause

Base Interest Rate

THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS. THIS LEGEND SHALL BE ENDORSED UPON ANY NOTE ISSUED IN EXCHANGE FOR THIS NOTE.

Base Interest Rate. Subject to Subsections 2B and 2C below, the outstanding Principal Amount shall bear interest at the rate of fifteen (15%) percent per annum.

Base Interest Rate from Subordinated Note

New Leaf Brands, Inc., a Nevada corporation (the "Company"), for value received, hereby promises to pay to the order of O. Lee Tawes III or the subsequent registered holder of this Note (the "Payee") the principal sum of $300,000, or such lesser amount as shall at such time be outstanding hereunder (the "Principal Amount"). The entire Principal Amount shall be due and payable on July 19th 2010 by the Payee.

Base Interest Rate. Subject to Section 2B below, the outstanding Principal Amount shall bear interest at the simple rate of fifteen percent (15%) per annum.

Base Interest Rate

THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT PURPOSES ONLY AND MAY NOT BE TRANSFERRED UNTIL (i) A REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT") SHALL HAVE BECOME EFFECTIVE WITH RESPECT THERETO OR (ii) RECEIPT BY THE COMPANY OF AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY TO THE EFFECT THAT REGISTRATION UNDER THE ACT IS NOT REQUIRED IN CONNECTION WITH SUCH PROPOSED TRANSFER NOR IS IN VIOLATION OF ANY APPLICABLE STATE SECURITIES LAWS.

Base Interest Rate. Subject to subsection 3B, the outstanding Principal Amount shall bear interest at the rate of fifteen percent (15%) per annum, provided that in no event shall the interest rate exceed the Maximum Rate provided in Section 3B below. Accrued interest will be due and payable on the Maturity Date. Interest shall be based on a 360 day year.