EX-10.15
from 10-Q
9 pages
For Value Received , the Undersigned , Aina Le'a, Inc., a Delaware Corporation (The "Company"), Hereby Promises to Pay to Adriatic Ventures, LLC, a Delaware Limited Liability Company, or Its Assigns ("Lender"), Prior to or on the Maturity Date (Defined Below), Subject to Acceleration as Set Forth Herein, the Aggregate Principal Amount of All Advances (As Defined Below) (Such Amount, Together With the Amount of Any Interest That Has Accrued and Been Added to Such Amount in Accordance With the Terms of This Note, Being Referred to as the "Principal Amount "), in the Manner Set Forth in Section 4, Together With Interest in Like Lawful Money at the Interest Rate Set Forth in Section 3. 1. Defined Terms. for Purposes of This Note, the Terms Listed Below Shall Have the Espective Meanings Set Forth Below: 1.1 "Business Day" Means Any Day Other Than Saturday, Sunday or a Legal Holiday That Banks Located in Hawaii Are Not Open for Business ; 1.2 "Common Stock" Means the Common Stock, Par Value $0.001 Per Share, of the Company; 1.3 "Maturity Date" the Earlier of (I) July 30, 2016 or (II) the Date of the Closing of a Firmly Underwritten Public Offering Pursuant to an Effective Registration Statement Under the Securities Act of 1933, as Amended, Covering the Offer and Sale of Common Stock for the Account of the Company
12/34/56
