Promissory Note Agreement between Intellisense Solutions Inc. and Trius Holdings Limited
Intellisense Solutions Inc. agrees to repay Trius Holdings Limited a loan of $10,000, with 8% annual interest, by May 18, 2018. The agreement outlines the repayment terms and waives certain formalities, such as presentment and notice of dishonor. Payment is to be made by wire transfer to Trius Holdings Limited in Mauritius. This document sets the terms for the loan and the obligations of Intellisense Solutions Inc. to repay the borrowed amount with interest by the specified due date.
EXHIBIT 10.5
PROMISSORY NOTE AGREEMENT
| Loan Amount: $10,000 | United States Dollars | Due: May 18, 2018 |
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For value received, being USD$10,000, the undersigned, Intellisense Solutions Inc., promises to pay to TRIUS HOLDINGS LIMITED (“Holder”), the sum of Ten Thousand United States Dollars (USD$10,000), with interest on so much of the Principal Sum as shall from time to time remain unpaid, at a rate which is eight percent (8%) percent per annum calculated annually after the Principal Sum is advanced to the undersigned, payment to be made by money wire payable to and delivered to TRIUS HOLDINGS LIMITED , Office 009, Ebene Junction, Rue de la Democratie Ebene, Republic of Mauritius (the “Principal Amount” and interest herein collectively referred to from time to time as the “Secured Monies”).
The whole of the Secured Monies shall be paid to the Holder on or before May 18, 2018.
The undersigned herein waives presentment, demand, notice of dishonor and protest or further notice of any kind and agrees that it shall remain liable in respect of this Note as if presentment, demand, notice of dishonor and protest had been duly made or given.
Dated this 18th day of May, 2017.
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| Intellisense Solutions Inc. |
