EX-10.5
from SB-2/A
2 pages
1. Promise to Pay the Borrower Promises to Pay to the Lender the Total Amount of One Hundred and Fifty Thousand ($150,000), Together With Interest Payable on the Unpaid Principal at the Rate of 0 Percent Per Annum, Compounded. Payments Will Be Delivered to the Lender's Address (1701 Avenue I) or Such Other Address as May Later Be Agreed Upon by the Parties. 2. Repayment 3. Modification No Modification or Waiver of Any of the Terms of This Agreement Shall Be Allowed Unless by Written Agreement Signed by Both Parties. No Waiver of Any Breach or Default Hereunder Shall Be Deemed a Waiver of Any Subsequent Breach or Default of the Same or Similar Nature. 4. Binding Effect Except as Otherwise Provided in This Note, All of the Covenants, Conditions, and Provisions of This Note Shall Be Binding Upon the Parties Hereto and Their Respective Heirs, Personal Representatives Executors, Administrators, Successors, and Assigns. 5. Headings Headings Are Inserted for the Convenience of the Parties Only and Are Not to Be Considered When Interpreting This Note
12/34/56