SHORT TERM ADVANCE

EX-10.6 8 dex106.htm SHORT TERM ADVANCE Short Term Advance

Exhibit 10.6

SHORT TERM ADVANCE

$250,000

March 14, 2003

          FOR VALUE RECEIVED, the undersigned, MediaBin, Inc., a Georgia corporation (the “Borrower”), promises to pay to Venturos AS, a Norwegian corporation (the “Lender”), at P.O. Box 113, 4552 Farsund, Norway (or at such other place as the Lender may designate in writing to the Borrower), in lawful money of the United States of America, the principal sum of two hundred fifty thousand dollars ($250,000), without interest, as hereinafter provided.

          The indebtedness evidenced by this Advance shall be due and payable on May 30, 2003, as hereinabove provided.

          The Borrower hereby waives presentment for payment, demand, notice of non-payment or dishonor, protest and notice of protest, or any other notice of any kind with respect thereto.

          Time is of the essence of this Advance.

          This Advance shall be deemed to be made pursuant to the laws of the State of Georgia.

IN WITNESS WHEREOF, the duly authorized officers of the Borrower have executed, sealed, and delivered this Advance, as of the day and year first above written.

 

MEDIABIN, INC.

 

 

 

 

 

 

 

 

 

 

By:

/s/ DAVID MORAN

 

Attest:

/s/ HAINES HARGRETT

 

 


 

 


 

 

David P. Moran
President and Chief Executive Officer

 

 

Haines H. Hargrett
Secretary