Promissory Note Between Sharing Services, Inc. and Alchemist Holdings Group Dated December 21, 2018

Contract Categories: Business Finance › Note Agreements
Summary

Sharing Services, Inc. has issued a promissory note to Alchemist Holdings Group, agreeing to repay $300,000. The note is payable on demand, meaning Alchemist Holdings Group can request repayment at any time. No interest will accrue on the amount owed. The agreement is governed by Texas law. Both parties signed the note on December 21, 2018.

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EX-1.1 2 ex1-1.htm

 

Exhibit 1.1

 

PROMISSORY NOTE

 

$300,000   December 21, 2018

 

For Value received, Sharing Services, Inc. promises to pay Alchemist Holdings Group the principal amount of Three Hundred Thousand Dollars. ($300,000.00).

 

1. Term: This Note is payable on demand.
   
2. Interest: This is a non-interest bearing note.
   
3. Governing Law: The Note is to be governed by and construed under the laws of the State of Texas.

 

In Witness Whereof, the parties hereto have executed this Agreement.

 

Signed /s/ Frank A. Walters   Signed /s/ Robert Oblon
Date December 21, 2018   Date December 21, 2018
Frank A. Walters, CFO   Robert Oblon
Sharing Services, Inc.   Alchemist Holdings Group
1700 Coit Road Ste 100   3820 American Drive Ste 300
Plano, TX 75075   Plano, TX 75075