Extension and Demand Promissory Note between Crown Alliance Capital Limited and Lorraine Fusco
Crown Alliance Capital Limited agrees to pay Lorraine Fusco $95,000 plus 14% annual interest, with the full amount due upon demand. This agreement, signed on July 18, 2013, extends a previous arrangement from June 2013. Payment of both principal and interest is required whenever Lorraine Fusco requests it. The note is effective immediately and remains payable on demand.
PROMISSORY NOTE - Extension and now on Demand
| $95.000 US | July 18, 2013 |
FOR GOOD AND VALUABLE CONSIDIRATION, the receipt and sufficiency of which is hereby acknowledged previously in June 2013, Crown Alliance Capital Limited hereby promises to pay to the order of Lorraine Fusco (HOLDER) the sum of Ninety Five Thousand US on demand. This Note shall bear interest at the rate of FOURTEEN (14%) per annum. All principal and interest due hereunder shall be paid on demand.
Signed at Vaughan this 18th Day of July, 2013.
| /s/ Witness | /s/ Lorraine Fusco |
