Promissory Note Between Bio Matrix Scientific Group, Inc. and BST Partners Dated October 8, 2019
Bio Matrix Scientific Group, Inc. (the Borrower) agrees to repay BST Partners (the Lender) $6,200 plus 10% annual simple interest by October 8, 2020. The Borrower can pay off the loan early without penalty. The agreement remains valid if transferred to another holder, and all terms are governed by California law. Both parties have signed the note to confirm their acceptance of these terms.
PROMISSORY NOTE (“NOTE”) - 10% SIMPLE INTEREST
$6,200
10/8/ 2019
For VALUE RECEIVED, Bio Matrix Scientific Group, Inc. (“Borrower”) promises to pay to BST Partners (“Lender”) the principal sum of Six Thousand Two Hundred Dollars [$6200.00] 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 October 8, 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
