This excerpt taken from the STEN 8-K filed Nov 29, 2007.
Contract Rate. Subject to Sections 2.2 and 3.9, interest payable on the outstanding principal amount of this Note (the Principal Amount) shall accrue at a rate per annum equal to the prime rate published in The Wall Street Journal from time to time (the Prime Rate), plus eight and one quarter percent (8.25%) (the Contract Rate). The Contract Rate shall be increased or decreased as the case may be for each increase or decrease in the Prime Rate in an amount equal to such increase or decrease in the Prime Rate; each change to be effective as of the day of the change in the Prime Rate. The Contract Rate shall not at any time be less than fifteen percent (15.00%). Interest shall be (i) calculated on the basis of a 360 day year, and (ii) payable monthly, in arrears, commencing on [December] 1, 2007 on the first Business Day of each consecutive calendar month thereafter through and including the Maturity Date, and on the Maturity Date, whether by acceleration or otherwise.
Contract Rate Payments. The Contract Rate shall be calculated on the last Business Day of each calendar month hereafter (other than for increases or decreases in the Prime Rate which shall be calculated and become effective in accordance with the terms of Section 1.1) until the Maturity Date and shall be subject to adjustment as set forth herein.
Rebate. If within six (6) months of the date of issue of this Note, the Companies prepay in full the Principal Amount outstanding at such time together with accrued but unpaid interest thereon and any and all other sums due, accrued or payable to the Holder arising under this Note, the Security Agreement or any other Ancillary Agreement (collectively, the Redemption Amount) and the Security Agreement has been terminated, upon receipt in full of the Redemption Amount in good funds, the Holder will rebate to the Parent fifty percent (50%) of any fees it received from the Companies on the date of issue of this Note.