Promissory notes issued to Andrew J. Paul



 Exhibit 10.25 

Promissory Note 
  

			
	Effective January 25, 2007	 	Written January 25, 2007


For valuable consideration, the receipt of which is hereby acknowledged, Corsair Memory Inc., a California
corporation, hereby promises to pay Andrew Paul, the principal portion on a subordinated loan given to Corsair Memory Inc. by Andrew Paul. This is an interest bearing Note at Prime Rate per annum adjustable on
January 1st each year as agreed between the parties,
from the date hereof until fully paid. The initial interest rate will be determined as of the prime rate on the date that this document is executed. 

The loan will be recorded as Subordinated Debt on the Corsair Memory Inc. Balance Sheet. The Subordinated Debt Total will equal the
amount deducted from your shareholder bonus check received January 25, 2007, which is: 
  

				
	 Subordinated Debt Total (before interest)
	  	$	325,752.15

 Interest shall
be payable, in quarterly payments. The interest rate as of document execution will be 8.25% and will remain as such until January 1, 2008 at which time the interest rate will be re-established. 

The undersigned shall enjoy the right to make payments on the principal of this Note without penalty. 

If the undersigned shall fail to pay as agreed when due, the unpaid principal amount of the Note, together with any accrued interest
shall immediately become due and payable upon declaration of the holder hereof. 
 In the event that Corsair Memory Inc. has
insufficient funds to repay both principal and interest, the undersigned agrees to pay to the holder hereof, in addition to such amounts all then due hereunder, such expenses of collection, including reasonable attorney’s fees and court costs,
as the court shall award. 
 Executed on the date first above written. 

 

			
		
	By:	 	/s/ Andrew Paul
		 	Andrew Paul
		
	By:	 	/s/ John E. Green
		 	for Corsair Memory, Inc.
		
	Attested by:	 	/s/ Joyce Lam

  







 Promissory Note 

 

			
	Effective February 16, 2007	 	Written February 16, 2007


For valuable consideration, the receipt of which is hereby acknowledged, Corsair Memory Inc., a California
corporation, hereby promises to pay Andrew Paul, the principal portion on a subordinated loan given to Corsair Memory Inc. by Andrew Paul. This is an interest bearing Note at Prime Rate per annum adjustable on
January 1st each year as agreed between the parties,
from the date hereof until fully paid. The initial interest rate will be determined as of the prime rate on the date that this document is executed. 

The loan will be recorded as Subordinated Debt on the Corsair Memory Inc. Balance Sheet. The Subordinated Debt Total will equal the
amount deducted from your shareholder bonus check received February 16, 2007, which is: 
  

				
	 Subordinated Debt Total (before interest)
	  	$	267,703.81

 Interest shall
be payable, in quarterly payments. The interest rate as of document execution will be 8.25% and will remain as such until January 1, 2008 at which time the interest rate will be re-established. 

The undersigned shall enjoy the right to make payments on the principal of this Note without penalty. 

If the undersigned shall fail to pay as agreed when due, the unpaid principal amount of the Note, together with any accrued interest
shall immediately become due and payable upon declaration of the holder hereof. 
 In the event that Corsair Memory Inc. has
insufficient funds to repay both principal and interest, the undersigned agrees to pay to the holder hereof, in addition to such amounts all then due hereunder, such expenses of collection, including reasonable attorney’s fees and court costs,
as the court shall award. 
 Executed on the date first above written. 

 

			
		
	By:	 	/s/ Andrew Paul
		 	Andrew Paul
		
	By:	 	/s/ John E. Green
		 	for Corsair Memory, Inc.
		
	Attested by:	 	/s/ Joyce Lam

  

 
  







 Promissory Note 

 

			
	Effective March 08, 2007	 	Written March 08, 2007


For valuable consideration, the receipt of which is hereby acknowledged, Corsair Memory Inc., a California
corporation, hereby promises to pay Andrew Paul, the principal portion on a subordinated loan given to Corsair Memory Inc. by Andrew Paul. This is an interest bearing Note at Prime Rate per annum adjustable on
January 1st each year as agreed between the parties,
from the date hereof until fully paid. The initial interest rate will be determined as of the prime rate on the date that this document is executed. 

The loan will be recorded as Subordinated Debt on the Corsair Memory Inc. Balance Sheet. The Subordinated Debt Total will equal the
amount deducted from your shareholder bonus check received March 08, 2007, which is: 
  

				
	 Subordinated Debt Total (before interest)
	  	$	194,289.36

 Interest shall
be payable, in quarterly payments. The interest rate as of document execution will be 8.25% and will remain as such until January 1, 2008 at which time the interest rate will be re-established. 

The undersigned shall enjoy the right to make payments on the principal of this Note without penalty. 

If the undersigned shall fail to pay as agreed when due, the unpaid principal amount of the Note, together with any accrued interest
shall immediately become due and payable upon declaration of the holder hereof. 
 In the event that Corsair Memory Inc. has
insufficient funds to repay both principal and interest, the undersigned agrees to pay to the holder hereof, in addition to such amounts all then due hereunder, such expenses of collection, including reasonable attorney’s fees and court costs,
as the court shall award. 
 Executed on the date first above written. 

 

			
		
	By:	 	/s/ Andrew Paul
		 	Andrew Paul
		
	By:	 	/s/ John E. Green
		 	for Corsair Memory, Inc.
		
	Attested by:	 	/s/ Joyce Lam