Promissory Note between Indigo International, Corp. and Payee (May 22, 2012)
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Summary
Indigo International, Corp. agrees to repay $200,000 to the Payee on demand, with interest at 16% per year, calculated semi-annually. The Company can repay the loan at any time without penalty. The note waives certain formalities like presentment and notice. The agreement is effective as of May 22, 2012.
EX-10.3 2 bksh_ex103.htm PROMISSORY NOTE bksh_ex103.htm
EXHIBIT 10.3
PROMISSORY NOTE
May 22, 2012 | $200,000 USD |
For value received, INDIGO INTERNATIONAL, CORP. (the “Company”) promises to pay $200,000 to or to the order of _______________ (the “Payee”) on demand, at the city of _________________, together with interest calculated semi-annually not in advance at the rate of sixteen (16%) per cent per annum from the date of advance to the date of payment.
The Company has the right to prepay all or any money owing pursuant to this Promissory Note without notice, penalty, or bonus.
The Company hereby waives presentment, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this promissory note.
Dated: May 22, 2012
INDIGO INTERNATIONAL, CORP. | |||
Per: | /s/ | ||