Promissory Note between Sybleu Inc. and David R. Koos dated July 27, 2020
Sybleu Inc. agrees to repay David R. Koos $2,400 with no interest, payable upon the lender's demand. The note can be repaid early without penalty. The agreement is governed by California law, and its terms remain enforceable by any future holder of the note. Both parties have signed to confirm their acceptance of these terms.
Exhibit 10.5
PROMISSORY NOTE (“NOTE”) - 0% SIMPLE INTEREST
$2,400
7/27/2020
For VALUE RECEIVED, SYBLEU INC. (“Borrower”) promises to pay to David R. Koos (“Lender”) the principal sum of $2,400 with no interest to accrue on the balance. The said principal shall be payable in lawful money of the United States of America at the demand of the Lender. 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.( Borrower)
By:/s/ David R. Koos
CHAIRMAN AND CEO
Accepted By:
DAVID R KOOS (Lender)
By:/s/David R. Koos
DAVID R. KOOS
