Promissory Note dated October 8, 2008 issued by our company to Mountain Equity Ltd. in the amount of $30,000

EX-10.3 2 exhibit10-3.htm PROMISSORY NOTE Filed by sedaredgar.com - Here Enterprises, Inc. - Exhibit 10.3

PROMISSORY NOTE

$30,000 U.S. Due Date: no specific terms of repayment

FOR VALUE RECEIVED, HERE ENTERPRISES, INC. (the “Borrower”), unconditionally promises to pay to the order of Mountain Equity LTD. (the “Lender”) the sum of $30,000 in United States of America funds, together with interest at the rate of 20% per annum, on the principal amount remaining unpaid, after as well as before demand or maturity or default, calculated on an annual basis (on the basis of a year of 365 days for the actual number of days elapsed) and payable on demand; PROVIDED that if the Borrower fails to pay on demand any payment of principal or interest on this note, then in such event the entire unpaid principal and all accrued and unpaid interest thereon shall become and be forthwith due and payable without presentment, notice, protest or demand or any kind (all of which are hereby expressly waived by the Borrower).

The Borrower hereby agrees that the proper law of this instrument is the law of the Province of British Columbia and that this instrument shall be governed by and construed in accordance with the laws thereof and the undersigned agrees that any legal suit, action or proceeding brought upon or arising out of or relating to this instrument may be instituted in the courts of such Province and the undersigned hereby accepts and irrevocably submits and attorns to the exclusive jurisdiction of the said courts and acknowledges their competence and agrees to be bound by any judgment thereof, provided that nothing herein shall limit the right of the Lender to bring proceedings against the Borrower elsewhere.

This Promissory Note is dated the 8th day of October 2008.

HERE ENTERPRISES, INC.

Per: /s/ Simon Au  
  Simon Au, Chairman