Demand Promissory Note between Texada Ventures Inc. and IFG Services Inc. dated October 27, 2008
Texada Ventures Inc. promises to pay IFG Services Inc. $140,000 in U.S. dollars, with 5% interest, on demand at Spokane Valley, Washington. The payment is unconditional and must be made without any deductions. Texada Ventures Inc. waives certain legal formalities related to enforcement of the note. The agreement is effective as of October 27, 2008, and is signed by authorized representatives of both companies.
Exhibit 10.3
DEMAND PROMISSORY NOTE
FOR VALUE RECEIVED TEXADA VENTURES INC. unconditionally promises to pay to or to the order of IFG SERVICES INC. on demand at Spokane Valley, WA the sum of $140,000.00 (One Hundred and Forty Thousand Dollars) in US Funds, bearing 5% interest.
The principal of this Promissory Note shall be paid in US dollars without set-off or counterclaim.
Texada Ventures Inc. waives presentment, protest and notice of any kind in the enforcement of this Promissory Note.
Made at Spokane Valley, WA this 27th day of October, 2008.
Texada Ventures Inc.
11616 East Montgomery Dr, Suite #54
Spokane Valley, WA 99206
Per: ____________________________
(Authorized Signing Officer)
IFG Services Inc.
Per: _____________________________
(Authorized Signing Officer)
