Promissory Note between Finishing Touches Home Goods Inc. and BAY CAPITAL A.G. dated March 23, 2012

Contract Categories: Business Finance › Note Agreements
Summary

Finishing Touches Home Goods Inc. agrees to repay BAY CAPITAL A.G. $100,000 on demand, with 16% annual interest, as outlined in this promissory note dated March 23, 2012. The Company may repay the loan early without penalty. The note is payable in Baar, Switzerland, and the Company waives certain formalities related to enforcement. This document sets the terms for the loan and repayment between the two parties.

Read More Arrow
EX-10.7 2 fthg_ex107.htm PROMISSORY NOTE fthg_ex107.htm
Exhibit 10.7
 
PROMISSORY NOTE
 
 
 
March 23, 2012  $100,000 USD
 
For value received, Finishing Touches Home Goods Inc. (the “Company”) promises to pay $100,000 to or to the order of BAY CAPITAL A.G. (the “Payee”) on demand, at the City of Baar, Switzerland together with interest calculated annually not in advance at the simple rate of sixteen per cent (16%) 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: March 23, 2012

Finishing Touches Home Goods Inc.

Per:  /s/ Mark Hunter                                       
Authorized Signatory