Promissory Note Between Spheric Technologies, Inc. and J H Realty Dated December 31, 2007
Spheric Technologies, Inc. promises to pay J H Realty $62,000 on demand after March 31, 2008. This amount covers accrued rent from 2006 and 2007 and a previous $14,000 note. The note does not bear interest and is a general obligation of Spheric Technologies. Payment is to be made in U.S. dollars or equivalent. The agreement is signed by Spheric Technologies' Vice President, Michael Kirksey, on December 31, 2007.
Exhibit 10.6
PROMISSORY NOTE
Spheric Technologies, Inc. agrees to pay to J H Realty the amount of $62,000.00 upon demand after March 31, 2008 for value received with no interest noted. This amount has been created by accruing rent in the amount of $48,000.00 due to Spheric Technologies during calendar year 2006 and 2007, and for including a prior note for $14,000.00 due to the same entity into this debt instrument. 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 |
