MISSOURI CONTINGENT PROMISSORY NOTE
For value received the undersigned, jointly and severally promise(s) to pay Charles Telle and/or Michael Qualls on demand the principal sum of the full face value of the bond or bonds if and only if there occurs a breach of the terms and conditions of the surety bail bond or bonds posted on behalf of defendant
(hereinafter "Defendant"), together with any continuations and modifications, any extensions, substitutions, increments or appeals thereof (hereinafter "bond"), or upon payment of any expenses incurred by the payee(s) or holder (hereinafter “Payee(s)") to produce the Defendant before the appropriate court or courts of jurisdiction in the above case, with interest thereon at the rate of Ten percent ( 10%), per annum, from the date of occurrence of the above stated Contingency, until fully paid. All makers or endorsers, now or hereafter becoming parties hereto, jointly and severally waive demand, notice of non-payment and protest: and in case this note becomes in default and placed in hands of an attorney for collection, the foregoing agree(s) to pay reasonable attorney's fees and all other costs for making such collection and further agree(s) that courts of original jurisdiction and appellate courts may award reasonable attorney's fees to the Payee(s) in the event of litigation and/or appeals. It is further agreed and specifically understood between the parties to this Note that there is presently no Outstanding loan or debt represented by this Contingent Promissory Note, and that this Note is given to secure advances up to and including the amount set forth above together with interest if and when there is a breach of the terms and conditions, including but not limited to forfeiture or judgment, of the bond. It is further agreed and specifically understood that this Note shall become null and void at such time as all of the obligations under the bond posted on behalf of the Defendant have been fulfilled and the Payee(s) has been discharged of all liability and duly exonerated in writing and until such time as same occurs the note shall remain in full force and effect. (a) Any and all liability, loss, costs, damages, expenses, premiums and attorneys fees arising or incurred by Payee(s) in connection with the above captioned bond, or any other recognizance, undertaking or other obligation, heretofore or hereafter executed, assumed or procured by Payee(s). This Note herewith shall serve to secure: (b) For the payment of all premiums on such bonds; (c) For the performance of every agreement (including continuations or modifications, any extensions, substitutions, increments or appeals thereof, with or without consent of Indemintor(s) Maker(s) or Defendant in connection with said bonds; (d) Against any liability, loss, costs, expenses, and attorneys fees in connection with any claim to collateral. (e) Any and all future advances made with or without consent by Payee(s) on behalf of the Defendant including but not necessarily limited to increments, modifications, extensions or substitutions, or the creation of any future obligation by the Payee(s) in connection with the above described matter, or any bail bonds or obligation undertaken by Payee(s) on behalf of Defendant including, without limiting, to the posting of a new bond for and on behalf of the Defendant in the nature of an appeal bond or substitution extension or modification of the existing bond.
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