Promissory Note Between Pine Hills, Inc. and BST Partners Dated December 12, 2019
Pine Hills, Inc. has agreed to repay BST Partners $2,039.48 plus 10% annual simple interest by December 12, 2020. The loan can be repaid early without penalty. The agreement is governed by California law, and Pine Hills, Inc. remains responsible for repayment even if the note is transferred to another party.
PROMISSORY NOTE ("NOTE") - 10% SIMPLE INTEREST
| $ | 2,039.48 | 12/12/2019 |
For VALUE RECEIVED, Pine Hills, Inc. ("Borrower'') promises to pay to BST Partners ("Lender'') the principal sum of $2,039.48 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 December 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.
Pine Hills, Inc. - Borrower
/s/Heather Cassady
Chief Executive Officer
Accepted By:
BST Partners Lender
/s/David R. Koos
David R. Koos Chairman & CEO
