EX-10.58
from 10-K
4 pages
For Value Received, the Undersigned, Ocean Thermal Energy Corporation., a Delaware Corporation (“Maker”), Whose Mailing Address and Principal Office Is 800 South Queen Street, Lancaster, Pa 17603, USA, Hereby Promises to Pay to Jeremy P. Feakins & Associates LLC., a Delaware Corporation (“Payee”), Whose Mailing Address Is 800 South Queen Street, Lancaster, Pa 17603, Up to the Principal Sum of Two Hundred Thousand Dollars and No Cents ($200,000), as Represented by Advances From Time to Time, in Lawful Money of the United States of America for Payment of Private Debts, Together With Interest (Calculated on the Basis of the Actual Number of Days Elapsed but Computed as if Each Year Consisted of 360 Days) on the Unpaid Principal Balance From Time to Time Outstanding at a Rate, Except as Otherwise Provided in This Note, of Ten Percent (10%) Per Annum. 4. Default. (A) Without Notice or Demand (Which Are Hereby Waived), the Entire Unpaid Principal Balance Of, and All Accrued Interest On, This Note Shall Immediately Become Due and Payable at Payee’s Option Upon the Occurrence of One or More of the Following Events of Default (“Events of Default”)
12/34/56