PROMISSORY NOTE

EX-10.48 5 dex1048.htm PROMISSORY NOTE BETWEEN THE COMPANY AND JOSEPH HINES Promissory Note between the Company and Joseph Hines

Exhibit 10.48

PROMISSORY NOTE

Spheric Technologies, Inc. agrees to pay to Joseph Hines the amount of $60,000.00 upon demand after September 30, 2009 for value received with no interest noted. This liability is to be paid in US dollars or equivalent and should be considered a general obligation of the Company.




By:		/s/ Michael Kirksey
		Michael Kirksey
Its:		Vice President
Date:		March 1, 2009