Loan Agreement between Hoverink Biotechnologies, Inc. and W. Cyrus Sajna dated September 22, 2022
Hoverink Biotechnologies, Inc. agrees to repay W. Cyrus Sajna a loan of $115,060 with 0% annual interest, with the full amount due on September 22, 2022. Payments will be applied first to interest, then principal. The loan can be repaid early without penalty. If the borrower defaults and collection is needed, they must pay reasonable attorney fees and collection costs. The agreement also includes waivers of certain legal notices and obligations for all parties involved.
Exhibit 4.10
LOAN
(Principal and Interest at Maturity)
In consideration of value received, the undersigned (hereinafter "Hoverink Biotechnologies, Inc. Borrower") does hereby promise to pay to w. Cyrus Sajna (hereinafter "Lender"), the amount of $_115,060_____ upon which interest will accrue at _0__ percent per annum. Borrower agrees to pay all accrued interest plus principal on the _22nd_ day of __Sept___ 2022_. Any payments shall be first applied to interest and then to the principal. This loan may be paid in full at any time without penalty charges.
In the event this Loan shall be in default, and collection proceedings are instituted, then the Borrower does so agree to pay all reasonable attorney fees and costs of collection.
The undersigned and all other parties to this loan, whether as endorsers, guarantors or sureties waive demand, presentment and protest and all notices thereto and further agree to remain bound, notwithstanding any extension, modification, waiver, or other indulgence by any holder or upon the discharge or release of any obligor hereunder or to this loan, or upon the exchange, substitution, or release of any collateral granted as security for this Note.
| Debbie Mae Carter Hoverink Biotechnologies, Inc | |||
| Borrower | Date | ||
| Cyrus Sajna | |||
| Lender | Date |
