Promissory Note Between Sybleu Inc. and Bostonia Partners, Inc. (10% Interest, $25,000, Due June 29, 2024)
Sybleu Inc. has borrowed $25,000 from Bostonia Partners, Inc. under this promissory note, agreeing to repay the principal plus 10% simple annual interest by June 29, 2024. The loan can be repaid early without penalty. The agreement is governed by California law and remains enforceable by any future holder of the note. Both parties have signed to confirm their acceptance of these terms.
PROMISSORY NOTE (“NOTE”) - 10% SIMPLE INTEREST
| $25,000.00 | September 20, 2021 |
For VALUE RECEIVED, SYBLEU INC. (“Borrower”) promises to pay to Bostonia Partners, Inc. (“Lender”) the principal sum of Twenty Five Thousand Dollars ($25,000.00] with accrued simple interest at the rate of 10% percent per annum on the balance. The said principal and accrued interest shall be payable in lawful money of the United States of America on June 29, 2024. This Note may be prepaid in whole or in part at any time without premium or penalty. The Borrower hereby waives any notice of the transfer of this Note by the Lender or by any subsequent holder of this Note, agrees to remain bound by the terms of this Note subsequent to any transfer, and agrees that the terms of this Note may be fully enforced by any subsequent holder of this Note. All terms and conditions of this Note shall be interpreted under the laws of the state of California and venue shall be the state of California.
SYBLEU INC.
By: /s/Joseph G Vaini
Its: Chairman and CEO
Accepted By:
Bostonia Partners, Inc.
By:/s/Timothy Foat
Its: President
