IOU FORM

$5,500.00

Date: April 18, 2012

For value received, the undersigned Dorian Rothschild (the "Borrower"), at 60 Arthur St., San
Rafael, California 94901, promises to pay to the order of Rob Mackabee, (the "Lender"), at 440
Montgomery St., San Francisco, California 94103, (or at such other place as the Lender may
designate in writing) the sum of $5,500.00 with interest from May 01, 2012, on the unpaid
principal at the rate of 4.3% per annum.
I. TERMS OF REPAYMENT
A. Payments
Unpaid principal after the Due Date shown below shall accrue interest at a rate of 9.5% annually
until paid.
The unpaid principal and accrued interest shall be payable in monthly installments of $163.12,
beginning on June 1, 2012, and continuing until May 1, 2015, (the "Due Date"), at which time the
remaining unpaid principal and interest shall be due in full.
B. Application of Payments
All payments on this Note shall be applied first in payment of accrued interest and any remainder in
payment of principal.
C. Late Fee
The Borrower promises to pay a late charge of $30.00 for each installment that remains unpaid
more than 3 day(s) after its Due Date. This late charge shall be paid as liquidated damages in lieu
of actual damages, and not as a penalty.
D. Acceleration of Debt
If any payment obligation under this Note is not paid when due, the remaining unpaid principal
balance and any accrued interest shall become due immediately at the option of the Lender.
II. PREPAYMENT
The Borrower reserves the right to prepay this Note (in whole or in part) prior to the Due Date
with no prepayment penalty.
III. COLLECTION COSTS
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If any payment obligation under this Note is not paid when due, the Borrower promises to pay all
costs of collection, including reasonable attorney fees, whether or not a lawsuit is commenced as
part of the collection process.
IV. DEFAULT
If any of the following events of default occur, this Note and any other obligations of the Borrower
to the Lender, shall become due immediately, without demand or notice:
1) the failure of the Borrower to pay the principal and any accrued interest in full on or before
the Due Date;
2) the death of the Borrower or Lender;
3) the filing of bankruptcy proceedings involving the Borrower as a debtor;
4) the application for the appointment of a receiver for the Borrower;
5) the making of a general assignment for the benefit of the Borrower's creditors;
6) the insolvency of the Borrower;
7) a misrepresentation by the Borrower to the Lender for the purpose of obtaining or
extending credit.
V. SEVERABILITY OF PROVISIONS
If any one or more of the provisions of this Note are determined to be unenforceable, in whole or
in part, for any reason, the remaining provisions shall remain fully operative.
VI. MISCELLANEOUS
All payments of principal and interest on this Note shall be paid in the legal currency of the United
States. The Borrower waives presentment for payment, protest, and notice of protest and
nonpayment of this Note.
No renewal or extension of this Note, delay in enforcing any right of the Lender under this Note,
or assignment by Lender of this Note shall affect the liability or the obligations of the Borrower. All
rights of the Lender under this Note are cumulative and may be exercised concurrently or
consecutively at the Lender's option.
VII. GOVERNING LAW
This Note shall be construed in accordance with the laws of the State of California.

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IN WITNESS WHEREOF, this Agreement has been executed and delivered in the manner
prescribed by law as of the date first written above.
Signed this _____ day of _______________, _____, at ___________________________,
_________________________ .

Borrower:
Dorian Rothschild

By:____________________________________________________
Dorian Rothschild

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AMORTIZATION SCHEDULE
Annual Percentage Rate = 4.3000%
Payment
Number

Payment
Date

Total
Payment

Principal = $5500.00

Interest
Amount

Principal
Amount

Loan
Balance

------------------------------------------------------------------------0

5/01/2012

0.00

0.00

0.00

5500.00

6/01/2012

163.12

19.71

143.41

5356.59

7/01/2012

163.12

19.19

143.93

5212.66

8/01/2012

163.12

18.68

144.44

5068.22

9/01/2012

163.12

18.16

144.96

4923.26

10/01/2012

163.12

17.64

145.48

4777.78

11/01/2012

163.12

17.12

146.00

4631.78

12/01/2012

163.12

16.60

146.52

4485.26

------------------------------------------------------------------------Subtotals

1141.84

127.10

1014.74

1/01/2013

163.12

16.07

147.05

4338.21

2/01/2013

163.12

15.55

147.57

4190.64

10

3/01/2013

163.12

15.02

148.10

4042.54

11

4/01/2013

163.12

14.49

148.63

3893.91

12

5/01/2013

163.12

13.95

149.17

3744.74

13

6/01/2013

163.12

13.42

149.70

3595.04

14

7/01/2013

163.12

12.88

150.24

3444.80

15

8/01/2013

163.12

12.34

150.78

3294.02

16

9/01/2013

163.12

11.80

151.32

3142.70

17

10/01/2013

163.12

11.26

151.86

2990.84

18

11/01/2013

163.12

10.72

152.40

2838.44

19

12/01/2013

163.12

10.17

152.95

2685.49

------------------------------------------------------------------------Subtotals

1957.44

157.67

1799.77

20

1/01/2014

163.12

9.62

153.50

2531.99

21

2/01/2014

163.12

9.07

154.05

2377.94

22

3/01/2014

163.12

8.52

154.60

2223.34

23

4/01/2014

163.12

7.97

155.15

2068.19

24

5/01/2014

163.12

7.41

155.71

1912.48

25

6/01/2014

163.12

6.85

156.27

1756.21

26

7/01/2014

163.12

6.29

156.83

1599.38

27

8/01/2014

163.12

5.73

157.39

1441.99

28

9/01/2014

163.12

5.17

157.95

1284.04

29

10/01/2014

163.12

4.60

158.52

1125.52

30

11/01/2014

163.12

4.03

159.09

966.43

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31

12/01/2014

163.12

3.46

159.66

806.77

------------------------------------------------------------------------Subtotals

1957.44

78.72

1878.72

32

1/01/2015

163.12

2.89

160.23

646.54

33

2/01/2015

163.12

2.32

160.80

485.74

34

3/01/2015

163.12

1.74

161.38

324.36

35

4/01/2015

163.12

1.16

161.96

162.40

36

5/01/2015

162.98

0.58

162.40

0.00

------------------------------------------------------------------------Subtotals

815.46

8.69

806.77

------------------------------------------------------------------------Grand Total

5872.18

372.18

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5500.00