Promissory Note between Spheric Technologies, Inc. and Joseph Hines

Summary

Spheric Technologies, Inc. has agreed to pay Joseph Hines $60,000.00 in U.S. dollars or equivalent. The payment is due upon demand any time after September 30, 2009. No interest will be charged on this amount. This note is a general obligation of the company, signed by its Vice President on March 1, 2009.

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