Promissory Note Between Pine Hills, Inc. and BST Partners Inc. Dated December 3, 2019
Pine Hills, Inc. has agreed to borrow $6,000 from BST Partners Inc. at a 10% annual simple interest rate. The full amount, including interest, is due to be repaid by December 3, 2020. The borrower can repay the loan early without any penalty. The agreement is governed by California law and remains enforceable by any future holder of the note. Both companies have signed the agreement through their respective CEOs.
PROMISSORY NOTE ("NOTE") - 10% SIMPLE INTEREST
| $ | 6000 | 12/3/2019 |
For VALUE RECENED, Pine Hills, Inc. ("Borrower") promises to pay to BST Partners ("Lender") the principal sum of $6000 with accrued simple interest at the rate of 10% percent per annum on the balance. Toe said principal and accrued interest shall be payable in lawful money of the United States of America on December 3, 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.
Pine Hills, Inc. - Borrower
/s/Heather Cassady
Chief Executive Officer
Accepted By:
BST Partners Inc.
/s/David Koos
David R. Koos Chairman & CEO
