Promissory Note Payable between Regen Biopharma, Inc. and Bio Matrix Scientific Group, Inc.
Regen Biopharma, Inc. has agreed to repay Bio Matrix Scientific Group, Inc. $50,000 plus 10% annual interest. The full amount, or any part of it, can be demanded for repayment at any time by the lender. The note can be assigned to another party at the lender’s discretion. The agreement is governed by California law, and any disputes will be handled in San Diego courts. Both companies are represented by their CEO, David Koos, and the agreement was signed on June 30, 2014.
Exhibit 10.1
PROMISSORY NOTE PAYABLE
FOR VALUE RECEIVED, Regen Biopharma, Inc., a Nevada corporation (“Debtor’) , hereby promises to pay to the order of Bio Matrix Scientific Group, Inc. , a Delaware corporation, the sum of Fifty Thousand ($50,000 ) Dollars, together with simple interest thereon at the rate of 10 % per annum on the unpaid balance. Said sum shall be paid in the manner following:
Principal and/or accrued interest due hereunder shall be due and Payable , in whole or in part, at the demand of the Holder. This Note may be assigned to any third party, in whole or in part, at the sole option of Bio matrix Scientific Group, Inc. or any Holder in due course.
This Note shall be governed by and interpreted in accordance with the laws of the State of California without regard to the principles of conflicts of law. Each of the Debtor and the Holder and any Holder in due course hereby submit to the exclusive jurisdiction of the United States Federal and state courts located in san Diego , California with respect to any dispute arising under this Note.
Signed and sealed under penalty of perjury this 30th day of June, 2014.
REGEN BIOPHARMA INC.
By: /s/David Koos
Its: CEO
ACCEPTED BY BIO-MATRIX SCIENTIFIC GROUP INC.
By: /s/David Koos
Its: CEO
