Promissory Note between Columbus Ventures Inc. and Alvaro Vollmers dated April 21, 2008
Columbus Ventures Inc. promises to repay Alvaro Vollmers a loan of $59,935, plus 8% annual interest, by October 25, 2008. The agreement is based on a loan made effective April 21, 2008. Columbus Ventures Inc. waives certain formalities related to payment and enforcement. This document sets out the repayment terms and obligations for the loan between the two parties.
PROMISSORY NOTE
FOR VALUE RECEIVED the undersigned hereby promises to pay to or to the order of Alvaro Vollmers (the "Lender") on October 25, 2008, the principal sum of $59,935 together with interest thereon at the rate of 8% per annum from the date hereof pursuant to the terms and conditions of the Loan Agreement dated effective April 21, 2008 between Columbus Ventures Inc. and the Lender.
The undersigned waives presentment, demand, notice, protest and notice of dishonour and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Promissory Note.
DATED at Lima, Peru, this 21st day of April, 2008.
| COLUMBUS VENTURES INC. | |
| Per: | /s/ Alvaro Vollmers Alvaro Vollmers |
