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the expressed or declared maturity of this Note, the Borrowershall pay interest on unpaid balances at the lower of eighteen percent (18%) per annum or themaximum interest rate permitted by applicable law. In the event that the Holder institutes anaction upon this Note, the Borrower shall pay, in addition to unpaid principal, interest and latecharges, all expenditures incurred by the Holder, including reasonable attorney’s fees and costs asdefined herein.     **THE BORROWER HEREBY IRREVOCABLY AUTHORIZES, APPOINTS AND EMPOWERS ANY ATTORNEY OF ANY COURT OFRECORD, UPON ANY DEFAULT HEREUNDER WITH RESPECT TO ANY OF THE OBLIGATIONS UNDER THIS NOTE, TOAPPEAR FOR AND CONFESS JUDGMENT AGAINST THE BORROWER, ITS SUCCESSORS OR ASSIGNS, FOR ALL OR ANYPORTION OF THE UNPAID AMOUNT OF THE PRINCIPAL AND INTEREST HEREUNDER, AS EVIDENCED BY AN AFFIDAVITSIGNED BY AN OFFICER OF THE HOLDER SETTING FORTH THE AMOUNT OR AMOUNTS THEN DUE, PLUS REASONABLEATTORNEYS’ FEES, BUT NOT LESS THAN $5,000.00, AND COSTS OF SUIT, WITH RELEASE OF ERRORS ANDWITHOUT RIGHT OF APPEAL. IF A COPY HEREOF, VERIFIED BY THE HOLDER, WILL HAVE BEEN FILED IN ANYSUCH PROCEEDING, IT WILL NOT BE NECESSARY TO FILE THE ORIGINAL HEREOF AS A WARRANT OF ATTORNEY, ANDTHE ORIGINAL OR ANY COPY HEREOF WILL BE A GOOD AND SUFFICIENT WARRANT OF ATTORNEY.**     The Borrower hereby waives the right to stay any execution and the benefits of all exemptionlaws now or hereafter in effect, including but limited to exemptions from levy and sale of anyproperty that now is or may hereafter be exempted by law, and also hereby waives the benefit of allvaluation and appraisement privileges.     No single exercise of the foregoing warrant and power to confess judgment will be deemed toexhaust the power, whether or not such exercise will be held by any court to be invalid, voidableor void, but the power will continue undiminished and may be exercised from time to time, andcontemporaneously in more than one jurisdiction, as often as the Holder will elect until all theobligations have been paid in full.     In the event of any default on the part of Borrower in any respect to the provisions andobligations contained in this Note, Holder may, at its option and without notice to Borrower,exercise as to any security held for this Note all of the rights and remedies of a secured creditorunder the Uniform Commercial Code as in effect in New Jersey or Pennsylvania and, withoutlimitation, may apply the proceeds of any sale or other disposition of any collateral, and anyother funds or goods whatsoever in Holder’s hands, to the payment or other satisfaction of any oneor more of the obligations (after deducting all costs, attorneys’ fees and other expenses incurredin the realization on or perfection or protection of such security) in such order as Holder mayelect, without any duty to marshal any such property in favor of any Borrower or other person, allwithout releasing any Borrower from liability to pay any deficiency remaining unpaid after suchapplication. So long as any obligation has not been paid in full, no payment by any Borrowerpursuant to any provision hereof will entitle such Borrower, by subrogation to Holder’s rights orotherwise, to any payment by or out of the property of any other Borrower.     This Note and all issues arising hereunder shall be governed by Pennsylvania law.     The Borrower consents to the jurisdiction of the courts of Pennsylvania and the United StatesDistrict Court for the Eastern District of Pennsylvania in any action or proceeding which may bebrought against it under or in connection with the Note. The Borrower agrees that service ofprocess in any such action or proceeding may be duly brought against it or her by service inaccordance with applicable court rules or by United States Registered or Certified Mail, returnreceipt requested, postage pre-paid, addressed to Borrower at the address listed below, or at suchother address as the Borrower may request in writing and in accordance with the notice provisionsbelow.
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     This Note will be binding upon the Borrower, and its respective successors and assigns, and,if executed by more than one party, will be their joint and several obligation and will not berevoked or impaired as to any of them by the death or dissolution of any of them or by any releaseor revocation as to any of them. This Note will inure to the benefit of the Holder and itssuccessors and assigns and will be construed liberally in favor of the Holder for its benefit andprotection. As used herein, words of any gender will include those of any other gender, and thesingular will include the plural and vice versa, whenever the same is necessary to give a fair andmeaningful construction of this Note.     **BORROWER ACKNOWLEDGES THAT IT HAS HAD THE OPPORTUNITY TO ENGAGE THE ASSISTANCE OF COUNSEL FORTHE REVIEW AND EXECUTION OF THIS PROMISSORY NOTE AND FURTHER ACKNOWLEDGES THAT THE MEANING ANDEFFECT OF THE CONFESSION OF JUDGMENT PROVISIONS HAVE BEEN FULLY EXPLAINED TO BORROWER BY SUCHCOUNSEL.**     The provisions of this Note are fully severable. If any provision hereof is declared void orinvalid for any reason, the remainder of this Note shall be given full force and effect and thevoid or invalid provision shall be stricken or otherwise altered or amended in the manner mostfavorable to Holder.     All notices and demands required or desired to be given to Holder under this Note shall be inwriting and shall be delivered in person or by United States Registered or Certified Mail, returnreceipt requested, postage pre-paid, addressed to Holder at the address for payment to Holder asset forth above.     Borrower warrants and represents that the individuals signing this note are duly authorized todo so and to bind each respective Borrower to the terms and conditions of this Note.         **Converted Organics of Woodbridge, LLC**           **By:**        ** **    **Signature:**        ** **    **Title:**        ** **           **Converted Organics, Inc.**           **By:**        ** **    **Signature:**        ** **    **Title:**        ** **  
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