Promissory Note Between UNorth LLC and Maryam Rowghani Dated February 7, 2012
UNorth LLC agreed to borrow $125,000 from its member, Maryam Rowghani, on February 7, 2012. The company promises to repay the full amount plus interest at an annual rate of 14%, calculated daily, by March 30, 2012. The estimated total repayment amount by the due date is $132,493. The agreement is signed by Michael Faro, Managing Member of UNorth LLC.
Exhibit 10.15
Summary Promissory Note
Date: February 07, 2012
By: Email
Attn: Shareholders – UNorth LLC
274 E Hamilton Ave, Suite A
Campbell, CA 95008
RESOLVED, that LLC would borrow amount of $125,000 from the LLC member Maryam Rowghani on February 07, 2012. LLC agrees to pay back the amount by March 30, 2012 with annual interest rate of 14% calculated on daily basis. The payment schedule will be as follows:
Borrowed Amount: $125,000
Interest: 14.00%
Estimated Value on 03/30/12: $132,493
Daily Interest Rate: 0.038%
| /s/ Michael Faro | |
| Michael Faro | |
| Managing Member | |
| UNorth LLC |
| UNorth® LLC | |
| PO Box 1116, Campbell, CA 95009 | |
| 1 ###-###-#### tel | |
| 1 ###-###-#### fax | |
| www.unorth.com |
