Existing Promissory Notes

Existing Promissory Notes. Means, with respect to each Purchaser, collectively, all promissory notes executed by any Peregrine Party prior to the date hereof that evidence Past Due Purchase Obligations (as defined in the Forbearance Agreement) owing to such Purchaser by any Peregrine Party, including, without limitation, those promissory notes described on ScheduleA attached hereto and incorporated herein by this reference.