Universal Tech Corp Promissory Note Form (2012)
Contract Categories:
Business Finance
›
Note Agreements
Summary
Universal Tech Corp issues this promissory note, agreeing to repay a specified amount in U.S. dollars to the named payee on demand, with interest at 16% per year, calculated semi-annually. The company may repay the loan in full or in part at any time without penalty. The note waives certain formalities such as notice and protest. The agreement is effective as of the date signed in 2012.
EX-10.1 2 q1100795_ex10-1.htm FORM OF NOTE Unassociated Document
PROMISSORY NOTE
| __________ ___, 2012 | $________ USD |
For value received, Universal Tech Corp. (the “Company”) promises to pay $__________ USD to or to the order of ___________ (the “Payee”) on demand, at the ___________________________, together with interest calculated semi-annually not in advance at the rate of sixteen (16%) per cent per annum from the date of advance to the date of payment. The Company has the right to prepay all or any money owing pursuant to this Promissory Note without notice, penalty, or bonus. The Company hereby waives presentment, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this promissory note.
Dated: __________ ____ 2012
| Universal Tech Corp Per: ___________________ Authorized Signatory |
