Promissory Note between Opus360 Corporation and Ari Horowitz dated September 1, 1999
Opus360 Corporation has loaned $20,000 to Ari Horowitz, who agrees to repay the full amount on demand, with 7% annual interest compounded yearly. If the company needs to take legal action to collect payment, Ari Horowitz must also cover the company's legal expenses, including attorney's fees and court costs. The agreement is effective as of September 1, 1999.
Exhibit 10.3.2
Promissory Note
Dated: September 1, 1999
Opus360 Corporation (the “Company”) has loaned to Ari Horowitz (the “Employee”) the sum of Twenty Thousand Dollars ($20,000). The Employee promises to pay to the Company the sum of Twenty Thousand Dollars ($20,000), on demand, with interest at the rate of seven percent (7%) per annum, compounded annually, accruing on the unpaid balance from the date hereof to the date of payment.
In any action to collect any payment due under this Promissory Note, the Company shall be entitled to recover all of its expenses incurred in connection with such action, including, without limitation, reasonable attorney’s fees and court costs.
Witness my hand and seal as of this 1st day of September 1999.
| The Employee: |
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| Ari Horowitz |
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