Fifteen percent Uses in Default Clause

Default from Promissory Note

FOR VALUE RECEIVED, the undersigned, Omega Commercial Finance Corporation, a Wyoming corporation (the Borrower), whose principal executive office address is 200 East Campus View Blvd., Suite 200, Columbus, OH 43235, promises to pay to the order of Mark Feanny, MD (Lender) without grace, at 10223 Broadway, Suite P433, Pearland, TX 77584 or at such other place as Lender may designate to Borrower in writing from time to time, the principal sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00) (such amount, the Loan Amount), together with interest thereon as provided below, in lawful money of the United States of America, which shall at the time of payment be in immediately available funds.

Default. It is hereby expressly agreed that should any default occur in the payment of principal or interest as stipulated above (including any failure to pay any amounts due under this Note on a timely basis in accordance with the terms hereof) or should Borrower or Pledgor fail to satisfy any other obligations herein specified or in the Pledge Agreement, then a default shall exist hereunder, and in such event the indebtedness evidenced hereby, including all sums advanced or accrued hereunder, and all unpaid interest accrued thereon, shall, at the option of Lender and upon written notice to Borrower sent by certified mail or recognized overnight courier to the address set forth above, at once become due and payable and may be collected forthwith, whether or not there has been a prior demand for payment and regardless of whether this Note has matured. So long as any default exists hereunder, regardless of whether or not there has been an acceleration of the indebtedness evidenced hereby, and at all times after maturity of the indebtedness evidenced hereby (whether by acceleration or otherwise), interest shall accrue at the rate of Fifteen percent (15%) per annum on the daily outstanding principal, together with accrued interest, balance of the Note. In the event this Note, or any part thereof, is collected by or through an attorney-at-law, Borrower agrees to pay all costs of collection including, but not limited to, Lenders reasonable attorneys fees actually incurred at said attorneys standard hourly rates.

Default

THIS UNSECURED PROMISSORY NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AND HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM REASONABLY SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT OF 1933.

Default. Failure of Maker to pay any sum when due and payable hereunder or failure to perform any covenant hereunder shall constitute an "Event of Default." Upon an Event of Default, the outstanding balance hereunder (including the Principal Amount and Fixed Interest Amount) shall thereafter bear interest at the rate of fifteen percent (15%) per annum, beginning on the date of such default and continuing until the default is cured in full. Payee may, at its option, declare the entire unpaid balance of principal and accrued interest immediately due and payable if either (i) an Event of Default remains uncured for a period of ten (10) calendar days after notice; or (ii) bankruptcy proceedings or other insolvency proceedings are initiated, whether voluntary or involuntary, with respect to Maker; or (iii) any of Maker's assets become subject to attachment, levy, execution, foreclosure, forfeiture, garnishment or similar proceedings. In the event of any of the foregoing circumstances, Payee shall be entitled to exercise its right to accelerate the unpaid balance at any time while such circumstance is continuing, and future acceptance of partial payments shall not waive such right. In the event of default, Maker shall reimburse Payee on demand for all attorneys' fees, costs and expenses incurred by Payee in connection with enforcing this Note.

DEFAULT from Lease Agreement

DEFAULT. Tenant shall be in default under this Lease (i) if Tenant abandons or vacates the Premises, or refuses to take possession of the Premises, or (ii) if Tenant fails to make any payment of Minimum Guaranteed Rent, additional rent or any other sums due hereunder as and when the same is due and payable, and such failure continues without cure for a period of five (5) days after written notice thereof by Landlord to Tenant; provided, however, if Landlord has already given two (2) prior notices of default to Tenant in any calendar year, any subsequent failure of Tenant to make a payment of Minimum Guaranteed Rent, additional rent or any other sums within five (5) days after the same is due and payable shall be an incurable default hereunder, or (iii) if Tenant shall violate or be in default of any of the other covenants, agreements, stipulations or conditions herein set forth, and such violation or default shall continue without cure by Tenant for a period of fifteen (15) days after Tenant receives written notice of such violation or default (except however, in the event of an emergency, as reasonably determined by Landlord, such time period shall be shortened to immediately upon receipt of written notice of such violation or default); provided, however, that if more than fifteen (15) days are reasonably required to cure, Tenant shall not be deemed in default if Tenant commences such cure within the fifteen (15) day period and thereafter diligently prosecutes such cure to completion, or (iv) if Tenant or Tenants guarantor, if any, shall make an assignment for the benefit of creditors or shall be adjudicated a bankrupt, or (v) if any petition shall be filed by or against Tenant or Tenants guarantor, if any, in any bankruptcy, reorganization, insolvency or similar proceeding, and the petition shall be approved, or the court shall assume jurisdiction over the subject matter, or (vi) if a receiver or trustee be appointed for all or any portion of Tenants property, and such receivership or trusteeship shall not be vacated or set aside within thirty (30) days after the appointment of such receiver or trustee. If Tenant defaults under this Lease, Landlord shall have the option, in its sole and absolute discretion, to do the following: (a) maintain this Lease and Tenants right to possession in full force and effect; (b) declare this Lease terminated and said Term ended, and to re-enter the Premises, with or without process of law, using such force as may be necessary to remove all persons or chattels therefrom, and Landlord shall not be liable for damages by reason of such re-entry or termination; but notwithstanding such re-entry, Tenant shall remain liable to Landlord for any Minimum Guaranteed Rent, additional rent and other sums due or damages sustained prior thereto, and Tenant shall remain liable to pay the Minimum Guaranteed Rent, additional rent and other sums payable under this Lease, at the times herein stipulated for such payments, for the balance of the Term, less any amounts received by Landlord during such period from others to whom the Premises may be rented on such terms and conditions and at such rentals as Landlord in its sole and absolute discretion shall deem proper; it being further understood that Tenant will pay immediately upon demand, in addition to the other sums agreed to be paid hereunder, reasonable attorneys fees and other costs and damages incurred by Landlord to: re-enter and repossess the Premises, make good any defaults of Tenant, put the Premises in proper repair, make such alterations, decorations and paintings deemed necessary by Landlord (including an administration fee to Landlord of fifteen percent (15%) of such costs) and to re-let the Premises to a new tenant (including brokerage fees); it being further understood that Landlord may recover from Tenant the worth at the time of award of the net present value (discounted at 10% per annum) of the amount by which the unpaid Minimum Guaranteed Rent, additional rent and other sums due hereunder for the balance of the Lease Term exceeds the net present value (discounted at 10% per annum) of the amount of such loss for the same period that Tenant proves could be reasonably avoided; or (c) terminate Tenants right to possession of the Premises without terminating this Lease, in which case this Lease shall continue in full force and effect, but Landlord shall be entitled but not obligated to re-enter and re-let the Premises (such re-entering and re-letting to be in mitigation of damages, without diminishing Landlords right to recover unmitigated damages) with all the rights and remedies provided for in subparagraph (b) above without having the effect of terminating this Lease; and/or (d) pursue any other remedy now or hereafter available to Landlord under the laws or judicial decisions of the State where the Premises are located. If the Lease or Tenants right to possession under the Lease shall at any time be terminated under the terms and co

Default from Secured Promissory Note

FOR VALUE RECEIVED, U.S. Dry Cleaning Corporation, a California corporation, and Enivel, Inc., a Hawaii corporation ("Co-Makers"), hereby promise to pay to the order of Robinson Corp., a Hawaii corporation ("Holder"), the sum described in paragraph 1 below, plus any default interest under paragraph 3 below, in immediately available funds and in lawful money of the United States of America, as provided below.

Default. This Note and all principal and interest payments to be made under this Note shall automatically become due and payable, without presentment, demand, notice, declaration, protest or other requirements of any kind, all of which are expressly waived by Co-Makers, if Co-Makers fail to make any payment within fifteen (15) days of the date required for such payment under this Note. In the event of any such default by Co-Makers hereunder, the principal amount in default shall accrue interest at a rate of fifteen percent (15%) per year.

DEFAULT from Agreement

THIS PLEDGE AGREEMENT ("Agreement") is entered into as of this 27th day of February, 2008, by and among ASSOCIATED THIRD PARTY ADMINISTRATORS ("Pledgor") and INFORMATION CONCEPTS, INC. ("Pledgee or Secured Party").

DEFAULT. (a) In the event that Pledgor defaults in the performance of any of the terms of this Agreement or the License Agreement, Pledgee shall give written notice of the default (the "Notice") to the Pledgor at the address set forth in the License Agreement or at such other address as any party may direct in writing. If the default is not cured within the time frames required under the License Agreement, Pledgor shall deliver to Pledgee the blank endorsed membership certificate(s), evidencing the Pledged Interest. Upon Pledgee's receipt of the certificates, the Pledged Interest shall be deemed to have been reissued by TBT to Pledgee with all the voting, dividend and other rights conferred upon a member, subject to any reduction that may have occurred prior to such date as a result of the sliding scale reduction in the Pledged Collateral set forth in subparagraph (b) herein below; (b) From and after the one year anniversary of the Effective Date (as defined in the License Agreement), and provided that Pledgor and BT have fully and timely performed their obligations under the License Agreement at all times prior thereto and there is no event of default existing (or circumstances which with the passage of time would constitute an event of default under the License Agreement), the membership interests that are subject to the Pledge Agreement shall be reduced by fifteen percent (15%) of the initial pledged amount for every $100,000 thereafter paid by Pledgor to Pledgee pursuant to the License Agreement. Notwithstanding the foregoing, it is agreed that the Pledged Interest shall never be reduced below an amount such that the sum of Pledgee's membership interest and the pledged amount is less than fifty-one percent (51%) of the total voting membership interest of BT, and provided further that in the event of issuances of additional voting membership interests of BT or other diluting events, the Pledge Interest shall be adjusted (including increased, as applicable, but not above one-half of Pledgor's total membership interest), to meet the minimum fifty-one percent (51%) requirement.

DEFAULT from Lease Agreement

This LEASE AGREEMENT, dated as of the First day of November, 2007, by and between DELTA LIFE INSURANCE CO., a Georgia corporation, with its mailing address at 4370 Peachtree Road, N.E., Atlanta, Georgia 30319 (hereinafter called the Lessor), and ATLANTIC AMERICAN CORPORATION, BANKERS FIDELITY LIFE INSURANCE COMPANY, and GEORGIA CASUALTY AND SURETY COMPANY, all Georgia corporations, with their mailing addresses at 4370 Peachtree Rd., N.E., Atlanta, Georgia 30319 (hereinafter collectively called the Lessee);

DEFAULT. In the event the Lessee shall default in the payment of rent or any other sums payable by the Lessee herein, and such default shall continue for a period of ten (10) days, or if the Lessee shall default in the performance of any other covenants or agreements of this Lease and such default shall continue for thirty (30) days after written notice thereof, or if the Lessee should become bankrupt or insolvent or any debtor proceedings be taken by or against the Lessee, then and in addition to any and all other legal remedies and rights, the Lessor may declare the entire balance of the rent for the remainder of the term to be due and payable and may collect the same by distress or otherwise, and Lessor shall have a lien on the personal property of the Lessee which is located in the Premises, and in order to protect its security interest in the said property Lessor may, without first obtaining a distress warrant, lock up the Premises in order to protect said interest in the secured property; or the Lessor may terminate this Lease and retake possession of the Premises; or enter the Premises and re-let the same without termination, in which latter event the Lessee covenants and agrees to pay any deficiency after Lessee is credited with the rent thereby obtained less all repairs and expenses (including the expenses of obtaining possession); or the Lessor may resort to any two or more of such remedies or rights or any other remedies available at law or in equity, and adoption of one or more such remedies or rights shall not necessarily prevent the enforcement of others concurrently or thereafter. The Lessee also covenants and agrees to pay reasonable attorneys fees and costs and expenses of the Lessor, including court costs, if the Lessor employs an attorney to collect rent or enforce other rights of the Lessor herein in event of any breach as aforesaid, and the same shall be payable regardless of whether collection or enforcement is effected by suit or otherwise. Rent and other sums due hereunder shall accrue interest at a rate per annum equal to fifteen percent (15.0%) per annum from and after ten (10) days after the applicable due date hereunder until paid-in-full. Such interest shall be due and payable by Lessee to Lessor upon demand and as a condition of cure.

Default from Lease

THIS LEASE (Lease) is made as of this 29th day of June, 2005, and is effective as of May 7, 2005, between AMSDELL AND AMSDELL, an Ohio general partnership (Landlord) and U-Store-It, L.P., a Delaware Limited Partnership (Tenant).

Default. If (a) Tenant defaults in the payment of Fixed Minimum Rent or any other charges due hereunder or in the performance of any of its other agreements hereunder, and if such default relates to the payment of money and Tenant fails to remedy the default within three (3) days of the due date, or if the default relates to matters other than the payment of money and Tenant fails to commence to remedy such default within ten (10) days after Landlord gives Tenant written notice thereof and thereafter diligently pursues correction thereof (but in no event shall such cure exceed thirty (30) days); (b) Tenant vacates or abandons a substantial part of the Premises; (c) Tenant fails to procure or maintain the insurance required of Tenant hereunder; (d) a receiver, non-bankruptcy trustee or custodian of any property of Tenant or the Premises is appointed; (e) there is an appointment of Tenant or any guarantor as a debtor-in-possession for its business or property; (f) Tenants interest in the Premises is levied upon by legal process or there is a filing of a petition under applicable bankruptcy laws by or against Tenant or any guarantor of Tenants obligations hereunder whereby Tenant or such guarantor seeks financial relief from any monetary obligations or based upon or by reason of the failure or inability of Tenant or such guarantor to pay its respective debts as they become due; (g) Tenant or any such guarantor is reorganized or there is an arrangement by Tenant or any such guarantor with its creditors, whether pursuant to applicable bankruptcy laws or any similar federal or state proceeding, unless such petition is filed by a party other than Tenant or any such guarantor and such petition is withdrawn or dismissed within fifteen (15) days after the date of its filing; (h) Tenant disposes of all or substantially all of its assets in bulk or makes an assignment for benefit of its creditors; or (i) the taking, sale or transfer of Tenants interest in the Premises under attachment, execution or other process at law or equity, then and in any such instance, without further notice to Tenant, Landlord, in addition to and not in lieu of any of the other remedies available to it at law or in equity, may (x) enter upon the Premises and terminate this Lease, in which event the obligations of Tenant hereunder shall cease, without prejudice, however, to the right of Landlord to recover from Tenant any sums due Landlord for Fixed Minimum Rent or otherwise to the date of entry, and in addition, as liquidated damages, a sum equal to the Fixed Minimum Rent and any other sums payable hereunder remaining unpaid for the unexpired portion of the term of this Lease discounted at the rate of four percent (4%) per annum to present net worth, plus the estimated expenses and cost of reletting (including, without limitation, brokers commission, remodeling and redecorating expenses and attorneys fees), except that if Tenant is adjudicated a bankrupt, Landlord shall, in lieu of such liquidated damages, be allowed a claim in the bankruptcy proceeding for future Fixed Minimum Rent to the extent permitted by applicable bankruptcy laws; (y) enter upon the Premises without terminating this Lease, expel or remove Tenant or any other party occupying the Premises, by force if necessary, without any liability to Tenant or any other party on account thereof and relet the Premises, in Landlords name for the account of Tenant, for the remainder of the term of this Lease at the amount of Fixed Minimum Rent then attainable and immediately recover from Tenant any deficiency for the balance of the term of this Lease between the amount for which the Premises were relet and the Fixed Minimum Rent provided hereunder discounted at the rate of four percent (4%) per annum to present net worth, plus any expenses and costs of reletting (including, without limitation, brokers commissions, remodeling and redecorating expenses and attorneys fees); or (z) cure the default at Tenants sole cost and expense, in which event Tenant shall reimburse Landlord, upon demand, for Landlords cost and expense of such performance together with interest (Default Rate) at the greater of fifteen percent (15%) per annum or three percent (3%) in excess of the publicly announced prime or base rate of interest from time to time charged by any bank selected by Landlord with offices located in Cleveland, Ohio; provided, however, that in no event shall the Default Rate exceed the highest rate of interest permitted by applicable law.

Default from Lease

THIS LEASE (Lease) is made as of this 29th day of June, 2005, and is effective as of May 1, 2005, between AMSDELL AND AMSDELL, an Ohio general partnership (Landlord) and U-Store-lt, L.P., a Delaware Limited Partnership (Tenant).

Default. If (a) Tenant defaults in the payment of Fixed Minimum Rent or any other charges due hereunder or in the performance of any of its other agreements hereunder, and if such default relates to the payment of money and Tenant fails to remedy the default within three (3) days of the due date, or if the default relates to matters other than the payment of money and Tenant fails to commence to remedy such default within ten (10) days after Landlord gives Tenant written notice thereof and thereafter diligently pursues correction thereof (but in no event shall such cure exceed thirty (30) days); (b) Tenant vacates or abandons a substantial part of the Premises; (c) Tenant fails to procure or maintain the insurance required of Tenant hereunder; (d) a receiver, non-bankruptcy trustee or custodian of any property of Tenant or the Premises is appointed; (e) there is an appointment of Tenant or any guarantor as a debtor-in-possession for its business or property; (f) Tenants interest in the Premises is levied upon by legal process or there is a filing of a petition under applicable bankruptcy laws by or against Tenant or any guarantor of Tenants obligations hereunder whereby Tenant or such guarantor seeks financial relief from any monetary obligations or based upon or by reason of the failure or inability of Tenant or such guarantor to pay its respective debts as they become due; (g) Tenant or any such guarantor is reorganized or there is an arrangement by Tenant or any such guarantor with its creditors, whether pursuant to applicable bankruptcy laws or any similar federal or state proceeding, unless such petition is filed by a party other than Tenant or any such guarantor and such petition is withdrawn or dismissed within fifteen (15) days after the date of its filing; (h) Tenant disposes of all or substantially all of its assets in bulk or makes an assignment for benefit of its creditors; or (i) the taking, sale or transfer of Tenants interest in the Premises under attachment, execution or other process at law or equity, then and in any such instance, without further notice to Tenant, Landlord, in addition to and not in lieu of any of the other remedies available to it at law or in equity, may (x) enter upon the Premises and terminate this Lease, in which event the obligations of Tenant hereunder shall cease, without prejudice, however, to the right of Landlord to recover from Tenant any sums due Landlord for Fixed Minimum Rent or otherwise to the date of entry, and in addition, as liquidated damages, a sum equal to the Fixed Minimum Rent and any other sums payable hereunder remaining unpaid for the unexpired portion of the term of this Lease discounted at the rate of four percent (4%) per annum to present net worth, plus the estimated expenses and cost of reletting (including, without limitation, brokers commission, remodeling and redecorating expenses and attorneys fees), except that if Tenant is adjudicated a bankrupt, Landlord shall, in lieu of such liquidated damages, be allowed a claim in the bankruptcy proceeding for future Fixed Minimum Rent to the extent permitted by applicable bankruptcy laws; (y) enter upon the Premises without terminating this Lease, expel or remove Tenant or any other party occupying the Premises, by force if necessary, without any liability to Tenant or any other party on account thereof and relet the Premises, in Landlords name for the account of Tenant, for the remainder of the term of this Lease at the amount of Fixed Minimum Rent then attainable and immediately recover from Tenant any deficiency for the balance of the term of this Lease between the amount for which the Premises were relet and the Fixed Minimum Rent provided hereunder discounted at the rate of four percent (4%) per annum to present net worth, plus any expenses and costs of reletting (including, without limitation, brokers commissions, remodeling and redecorating expenses and attorneys fees); or (z) cure the default at Tenants sole cost and expense, in which event Tenant shall reimburse Landlord, upon demand, for Landlords cost and expense of such performance together with interest (Default Rate) at the greater of fifteen percent (15%) per annum or three percent (3%) in excess of the publicly announced prime or base rate of interest from time to time charged by any bank selected by Landlord with offices located in Cleveland, Ohio; provided, however, that in no event shall the Default Rate exceed the highest rate of interest permitted by applicable law.