Promissory Note Between Bio Matrix Scientific Group, Inc. and BST Partners Dated August 12, 2019
Bio Matrix Scientific Group, Inc. has agreed to borrow $1,000 from BST Partners, with a 10% annual simple interest rate. The full amount, including interest, is due to be repaid by August 12, 2020. The borrower can repay the loan early without penalty. The agreement is governed by California law and can be transferred to other holders, who may enforce its terms. Both parties have signed the note to confirm their acceptance of these terms.
PROMISSORY NOTE (“NOTE”) - 10% SIMPLE INTEREST
$1,000
8/12/ 2019
For VALUE RECEIVED, Bio Matrix Scientific Group, Inc. (“Borrower”) promises to pay to BST Partners (“Lender”) the principal sum of One Thousand Dollars [$1000.00] with accrued simple interest at the rate of 10% percent per annum on the balance. The said principal and accrued interest shall be payable in lawful money of the United States of America on August 12, 2020. This Note may be prepaid in whole or in part at any time without premium or penalty. The Borrower hereby waives any notice of the transfer of this Note by the Lender or by any subsequent holder of this Note, agrees to remain bound by the terms of this Note subsequent to any transfer, and agrees that the terms of this Note may be fully enforced by any subsequent holder of this Note. All terms and conditions of this Note shall be interpreted under the laws of the state of California and venue shall be the state of California.
Borrower
/s/Timothy G. Foat
CEO
Accepted By:
/s/David R. Koos
Chairman and CEO
