Promissory Note between Kinetic Resources Corp. and Luis Antonio Delgado Gonzalez dated February 11, 2011

Contract Categories: Business Finance › Note Agreements
Summary

Kinetic Resources Corp., a Nevada corporation, agrees to repay Luis Antonio Delgado Gonzalez $25,000 plus 6% annual simple interest by February 28, 2013. The note specifies that time is of the essence and is governed by Nevada law. The agreement outlines the repayment terms and legal jurisdiction but does not include additional conditions or collateral requirements.

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EX-10.3 4 kntc_ex10-3.htm PROMISSORY NOTE, FEBRUARY 11, 2011 kntc_ex10-3.htm
PROMISSORY NOTE
 

 
 
February 11, 2011
 
FOR VALUE RECEIVED, Kinetic Resources Corp., a Nevada Corporation, promises to pay Luis Antonio Delgado Gonzalez, on or before February 28, 2013, the amount of Twenty Five Thousand Dollars ($25,000.00) in the currency of the United States plus simple interest on the principal amount of the loan accrued at a rate 6% per annum.
 
Time shall be the essence of this Promissory Note.
 
This Promissory Note shall be governed by and constituted in accordance with the laws of the State of Nevada.
 
 
KINETIC RESOURCES CORP..
 
 
Per /s/ Luis Antonio Delgado Gonzalez
 
     Luis Antonio Delgado Gonzalez, Pres., CEO, CFO