Demand Promissory Note between V2K International, Inc. and Victor J. Yosha dated September 29, 2008
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Summary
V2K International, Inc. has agreed to repay Victor J. Yosha $20,000 on demand, with interest at 12% per year, under this promissory note dated September 29, 2008. The loan must be repaid in U.S. dollars whenever the lender requests. If the borrower fails to pay, they are responsible for all collection costs, including legal fees. The note is signed by the company's CFO.
EX-10.2 3 exh10-2_note.htm EXH 10-2 PROMISSORY NOTE exh10-2_note.htm
EXHIBIT 10.2
DEMAND PROMISSORY NOTE IN FAVOR OF
VICTOR J. YOSHA DATED SEPTEMBER 29, 2008
DEMAND PROMISSORY NOTE
$20,000.00
Lakewood, Colorado
September 29, 2008
For value received, the undersigned, V2K INTERNATIONAL, INC., a Colorado corporation (the “Borrower”), hereby promises to pay on demand, to the order of Victor J. Yosha (the “Lender”), at, 7276 Orion Street, Arvada, CO 80007, or at any other place designated at any time by the holder hereof, in lawful money of the United States of America and in immediately available funds, the principal sum of TWENTY THOUSAND AND NO/100 DOLLARS ($20,000.00) together with interest on the principal amount hereunder, computed on the basis of the actual number of days elapsed and a 365-day year, from the date hereof until this Note is fully paid at the rate of TWELVE PERCENT (12%) per annum.
The Borrower hereby agrees to pay all costs of collection, including attorneys’ fees and legal expenses, in the event this Note is not paid when due, whether or not legal proceedings are commenced.
Presentment or other demand for payment, notice of dishonor and protest are expressly waived.
| V2K INTERNATIONAL, INC., a Colorado corporation | |||
| | By | /s/ Jerry A. Kukuchka | |
| Its | CFO | ||
