Promissory Note Between Technology Publishing, Inc. and Slawek Kajko Dated June 1, 2007
Technology Publishing, Inc. promises to repay Slawek Kajko $28,047 plus interest at the Royal Bank of Canada Prime Rate plus 2% per year. The full amount is due by June 1, 2012, and interest is calculated annually. If the company fails to pay on demand, the entire balance and interest become immediately due. The agreement is governed by the laws of British Columbia, and any legal disputes will be handled in its courts. This note was signed by Slawek Kajko as Chairman of Technology Publishing, Inc.
PROMISSORY NOTE
| $28,047 U.S. | Due Date: June 1, 2012 |
FOR VALUE RECEIVED, TECHNOLOGY PUBLISHING, INC. (the “Borrower”), unconditionally promises to pay to the order of SLAWEK KAJKO, (the “Lender”) the sum of $28,047 in United States of America funds, together with interest at the rate of Royal Bank of Canada Prime Interest Rate plus 2% per annum on the principal amount remaining unpaid, after as well as before demand or maturity or default, calculated on an annual basis (on the basis of a year of 365 days for the actual number of days elapsed) and payable on demand; PROVIDED that if the Borrower fails to pay on demand any payment of principal or interest on this note, then in such event the entire unpaid principal and all accrued and unpaid interest thereon shall become and be forthwith due and payable without presentment, notice, protest or demand of any kind (all of which are hereby expressly waived by the Borrower).
The Borrower hereby agrees that the proper law of this instrument is the law of the Province of British Columbia and that this instrument shall be governed by and construed in accordance with the laws thereof and the undersigned agrees that any legal suit, action or proceeding brought upon or arising out of or relating to this instrument may be instituted in the courts of such Province and the undersigned hereby accepts and irrevocably submits and attorns to the exclusive jurisdiction of the said courts and acknowledges their competence and agrees to be bound by any judgment thereof, provided that nothing herein shall limit the right of the Lender to bring proceedings against the Borrower elsewhere.
This Promissory Note is dated the 1st day of June 2007.
TECHNOLOGY PUBLISHING
Per: /s/ Slawek Kajko
Slawek Kajko, Chairman
