The outstanding principal amount of this Note shall bear interest (“Interest”) from [Insert date that is the 91 st day after the date hereof] at the rate of twelve percent (12%) per annum (except that Interest on the outstanding principal amount of this Note from and after the occurrence of any Event of Default hereunder shall accrue at the rate of fifteen percent (15 %) per annum) until the entire principal amount hereof shall have been paid in full, whether at maturity, upon acceleration, by prepayment or otherwise. Interest hereunder shall be computed on the basis of a year of 360 days, and the actual number of days (including the first day but excluding the last day) elapsed.