Assignment of Promissory Note by Shefali Vibhakar to Twiga Capital Partners, LLC
This agreement documents the transfer of a $6,190 promissory note from Shefali Vibhakar (the Assignor) to Twiga Capital Partners, LLC (the Assignee). Genesys Industries, Inc., the original maker of the note, agrees to honor its obligations under the note to the new holder, Twiga Capital Partners, LLC. The assignment is made without recourse to the Assignor, meaning Shefali Vibhakar is not liable if the note is not paid. The agreement is effective as of November 15, 2017.
Assignment of Promissory Note Form
WHEREAS, Shefali Vibhakar (hereinafter referred to as “Assignor”) is the owner and holder of the following described promissory note:
Maker(s): Genesys Industries, Inc.
Face amount: $ 6190 & 00/100 dollars)
Interest rate: 5 %
Present balance due: $ 6190 & 00/100 dollars)
Pay to the order of Shefali Vibhakar.
NOW THEREFORE, in consideration of the mutual promises contained herein and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties , intending to be legally bound, agrees as follows:
1. Assignor hereby assigns and transfers all her right, title and interest in the aforementioned promissory note to Twiga Capital Partners, LLC (the “Assignee”).
2. The Maker agrees to abide by the terms of this Assignment of Promissory Note and honor all its obligations thereunder to the Assignee.
3. This assignment is without recourse to the Assignor.
Dated: Nov 15th, 2017
| /s/ Shefali Vibhakar | ||
| s:/ Shefali Vibhakaer | Assignor | |
| s:/ Twiga Capital Partners, LLC | Assignee | |
| s:/ Genesys Industries, Inc. | Maker |
