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F. This Note shall be governed by and construed in accordance with the laws of the State of <br />California. <br />G. All parties who are obligated to pay any portion of the indebtedness represented by this Nate, <br />whether as principal, or endorser, hereby waive presentment for payment, demand, protest, notice of <br />protest and notice of dishonor, and all other notices to which they might otherwise be entitled, and further <br />waive all defenses based on release of security, extension or time or other indulgence given in respect to <br />payment of this Note, to whomsoever given, and further waive all defenses, generally, except the defense <br />of actual payment of this Note according to its tenor. This Note is anon-recourse Note. <br />H. Subject to the foregoing, the terms of this Note shall be binding upon and inure to the benefit of <br />the respective heirs, successors in interest and assigns of Borrower and Holder. <br />I. Time is of essence with respect to each and every provision hereof. If any provision hereof is <br />found to be invalid or unenforceable by a court of competent jurisdiction, the invalidity thereof shall not <br />affect the enforceability of the remaining provisions of this Note. <br />"Borrower" <br />Alameda County Industries, Inc. <br />By: u-*~ <br />Robert J. Molinaro, president <br />