Liqtech USA, Inc. Promissory Note (2011)
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Summary
Liqtech USA, Inc., a Delaware corporation, promises to pay a specified amount in Danish Kroner to the Holder by June 30, 2012, without interest. The payment is to be made at a designated law office in New York. The Company may prepay the note at any time. If the note is not paid by the due date, the entire unpaid principal becomes immediately due. The agreement waives the need for formal notice or demand for payment.
EX-10.16 8 v244313_ex10-16.htm EXHIBIT 10.16
Exhibit 10.16
EXHIBIT A
| DKK ____________ | ______________, 2011 |
LIQTECH USA, INC.
PROMISSORY NOTE
FOR VALUE RECEIVED, Liqtech USA, Inc. a Delaware corporation, (the “Company”) hereby promises to pay to the order of ____________ (the “Holder”) at the offices of Morse, Zelnick Rose & Lander, LLP, 405 Park Avenue, Suite 1401, New York, New York 10022, the principal sum of __________ DKK (Danish Kroner) in lawful money of the Kingdom of Denmark on June 30, 2012, without interest.
This Note may be prepaid by the Company at any time.
If this Note is not paid when due the entire balance of the unpaid principal on this Note shall immediately become due and payable without presentation, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Company.
| LIQTECH USA, INC. | ||
| By: | ||
