PROMISSORY NOTE Feb 16, 2010 Borrower: Clenergen Corporation, a Nevada corporation with principal offices at Bath House, Chapel Place, London, Great Britain EC2A 3DQ. Lender: Mastreta Advisors Corp of Trident Chambers, P,O Box 146 ,Road Town, Tortola, BVI, a British Virgin Islands corporation. Amount: USD177,884.00 Duration: Three months from January 16th 2011 Interest Rate: 1% simple interest per month Use of Proceeds:Working CapitalBorrower:Clenergen Corporation By:/s/ Tim Bowen Tim Bowen Chief Executive Officer
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PROMISSORY NOTE
Feb 16, 2010
| Borrower: | Clenergen Corporation, a Nevada corporation with principal offices at Bath House, Chapel Place, London, Great Britain EC2A 3DQ. | |
| Lender: | Mastreta Advisors Corp of Trident Chambers, P,O Box 146 ,Road Town, Tortola, BVI, a British Virgin Islands corporation. | |
| Amount: | USD177,884.00 | |
| Duration: | Three months from January 16th “2011 | |
| Interest Rate: | 1% simple interest per month | |
| Use of Proceeds: | | Working Capital |
| Borrower: | |
| Clenergen Corporation | |
| By: | /s/ Tim Bowen |
| Tim Bowen | |
| Chief Executive Officer | |
