Promissory Note between Sybleu Inc. and Bostonia Partners, Inc. (10% Interest, $100,000, Due October 5, 2022)
Sybleu Inc. has borrowed $100,000 from Bostonia Partners, Inc. under this promissory note, agreeing to repay the principal plus 10% simple annual interest by October 5, 2022. The loan can be repaid early without penalty. The agreement is governed by California law, and Sybleu Inc. remains responsible for repayment even if the note is transferred to another party.
Exhibit 10.9
PROMISSORY NOTE (“NOTE”) - 10% SIMPLE INTEREST
| $100,000.00 | October 5, 2021 |
For VALUE RECEIVED, SYBLEU INC. (“Borrower”) promises to pay to Bostonia Partners, Inc. (“Lender”) the principal sum of One Hundred Thousand Dollars ($100,000.00] 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 October 5, 2022. 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/ David Koos
Its: Chairman and CEO
Accepted By:
Bostonia Partners, Inc.
By:/s/ Timothy Foat
Its: President
