Promissory Note, dated July 12, 2011, for the sum of $15,000, payable to OpalOpal Markerting Corp
Contract Categories:
Business Finance
- Note Agreements
EX-10.3 4 exh10_3.htm EXHIBIT 10.3 exh10_3.htm
Exhibit 10.3
PROMISSORY NOTE
| July 12, 2011 | $ 15,000.00 |
Whereas Opal Marketing Corp. (“Lender”), having an address of 6 Carley’s Way, Rockaway, NJ 07866, has loaned $ 15,000.00 to Kenergy Scientific, Inc. (“Borrower”), a New Jersey corporation, having an address of 6 Minneakoning Rd., Flemington, NJ 08822 on this 12th day of July, 2011, receipt of which is acknowledged;
Now, Therefore, the parties agree as follows:
Borrower shall pay Lender the full sum of $ 15,000.00, plus 7 % per annum interest on or before March 15, 2012. In the event that Borrower fails to make payment in full on that date, then this Note shall automatically become a default instrument and Lender may take whatever action he may elect to recover his loss, including legal action, with continuing accrual of 7 % per annum interest, and attorney’s fees.
| July 12, 2011 | Kenergy Scientific, Inc. |
| ______________________ Kenneth P. Glynn, CEO |
