Promissory Note between ABSS, Corp. and Communications Holding Corp. dated September 2, 2003
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Summary
ABSS, Corp. and Communications Holding Corp. have agreed to settle a $960,000 judgment. ABSS will pay CHC with 4,000,000 shares of restricted common stock and a $200,000 promissory note at 7% annual interest. The principal and interest are due in full by September 3, 2004. This agreement outlines the payment terms and obligations for both parties to resolve the outstanding judgment.
EX-10.2 4 f8kex102_abss.txt PROMISSORY NOTE PROMISSORY NOTE ABSS, Corp. (ABSS) has entered into a settlement agreement with Communications Holding Corp. (CHC) having an effective date of September 2, 2003. CHC, the holder of a $960,000 judgement against ABSS has agreed to settle this judgement for the amount of 4,000,000 shares of restricted common stock and $200,000 note payable earning seven percent interest (7.0%) per annum, with principal and interest due on September 3, 2004. Agreed to by: /s/ Alan Lew - --------------------------------- ABSS, Corp. Director /s/ Andre Todd - --------------------------------- Communications Holding Corp. President