Corporate Promissory Note between DotVN, Inc. and Thomas Johnson dated December 11, 2009
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Summary
DotVN, Inc., a Delaware corporation, agrees to pay Thomas Johnson $25,000 plus 10% annual interest by March 11, 2010. If legal action is required to collect payment, DotVN, Inc. will also cover court-awarded attorney fees. The agreement is binding on both parties and their successors. The note is signed by DotVN, Inc.'s president.
EX-10.57 7 v169001_ex10-57.htm Unassociated Document
Exhibit 10.57
CORPORATE PROMISSORY NOTE
| $25,000 | San Diego, California | December 11, 2009 |
For value received, receipt of which is acknowledged, DotVN, Inc., a Delaware corporation, (“Maker”) promises to pay to Thomas Johnson, San Diego, California, (“Payee”), or order, at such place as Payee may designate, the sum of TWENTY-FIVE THOUSAND DOLLARS AND NO CENTS ($25,000.00), plus interest at the rate of ten percent (10%) per annum, on March 11, 2010 (the “Due Date”).
If action be instituted on this note, Maker promises to pay such sum as the Court may fix as attorneys fees.
This note will inure to the benefit of and be binding upon the respective heirs, executors, administrators, successors and assigns of the Maker and Payee.
IN WITNESS THERETO, Maker has affixed its signature by a duly authorized officer under the seal of this corporation.
| | DOT VN, INC. |
| /s/ Lee Johnson | |
| By: Lee Johnson | |
| Its: President |
CORPORATE PROMISSORY NOTE
