Unsecured Promissory Note between FreeFlow, Inc. and S. Douglas Henderson dated June 16, 2012

Contract Categories: Business Finance Note Agreements
Summary

FreeFlow, Inc. promises to pay S. Douglas Henderson $10,000 with 4% annual interest, starting June 16, 2012. The full amount, including interest, is due by June 16, 2014. If FreeFlow, Inc. fails to pay any part of the principal or interest on time, the entire balance can become immediately due. Payments must be made in U.S. dollars. If legal action is required to collect payment, FreeFlow, Inc. agrees to pay court-approved attorney's fees.

EX-10.3 4 ex10-3.txt HENDERSON NOTE Exhibit 10.3 [LOGO] Fidelity National Title TITLE ORDER NO.____________________ Insurance Company ESCROW NO._________________________ UNSECURED PROMISSORY NOTE (Installment-Interest Separate) $10,000.00 San Diego, California, June 16, 2012 I promise to pay to "S" Douglas Henderson or order, at San Diego, CA the sum of Ten thousand and no/100 DOLLARS, with interest from June 16, 2012 on unpaid principal at the rate of 4 (four) per cent per annum, payable on the 16th day of June, 2014. Should default be made in payment of any installment of principal or interest when due the whole sum of principal and interest shall become immediately due at the option of the holder of this note. Principal and interest payable in lawful money of the United States. If action be instituted on this note I promise to pay such sum as the Court may fix as attorney's fees. FreeFlow, Inc. /s/ "S" Douglas Henderson -------------------------------- "S" Douglas Henderson, President