PROMISSORY NOTE
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EX-10.5 21 dex105.htm PROMISSORY NOTE-JOSEPH HINES, DATED DECEMBER 31, 2007 Promissory Note-Joseph Hines, dated December 31, 2007
Exhibit 10.5
PROMISSORY NOTE
Spheric Technologies, Inc. agrees to pay to Joseph Hines the amount of $55.000.00 upon demand after March 31, 2008 for value received with no interest noted. This amount has been created by funding loans to Spheric Technologies as a Founder in the 2nd and 3rd quarters of calendar year 2007 — please see the attached schedule. 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: December 31, 2007
