Promissory Note between Phoenix Energy Resource Corp. and Amphion Investments Corp. dated April 30, 2010

Contract Categories: Business Finance › Note Agreements
Summary

Phoenix Energy Resource Corp. has agreed to pay Amphion Investments Corp. $8,000, plus 8% interest, to settle existing accounting and audit fee debts. The full amount, including accrued interest, is due in one lump sum on April 30, 2011. The agreement is formalized as a promissory note signed by Phoenix Energy Resource Corp.'s president.

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EX-10.1 2 ex10_1.htm EXHIBIT 10.1 ex10_1.htm
 
PROMISSORY NOTE

$8,000                                                                                                                                            0;                                                                                             Dated April 30th, 2010

FOR VALUE RECEIVED, the undersigned promises to pay to the order of _AMPHION INVESTMENTS CORP._____ (the “Holder”), the sum of __EIGHT THOUSAND____ ($8,000) DOLLARS to pay off existing debt for __ACCOUNTING AND AUDIT FEES___ for Phoenix Energy Resource Corp., with an interest rate of 8%,
payable _12__ months from the date of execution hereof.

THE TOTAL OF ___EIGHT THOUSAND____ AND NO/00 ($8,000) DOLLARS, PLUS ACCRUED INTEREST, WILL BE PAID, _APRIL_ 30 TH __, 2011.

IN WITNESS WHEREOF, the Maker has caused this note to be executed by its duly authorized officer on this __30__ day of __APRIL____, 2010.

MAKER

Phoenix Energy Resource Corp.
 
By:/s/ Rene Soullier
Rene Soullier
President