Demand Letter for Payment under Promissory Note – Curvelo Trade & Finance Ltd. to Royce Biomedical Inc.

Contract Categories: Business Finance › Note Agreements
Summary

Curvelo Trade & Finance Ltd. is demanding payment from Royce Biomedical Inc. for a promissory note originally issued to XILI USA Inc. and later acquired by Curvelo. The letter states that Royce is in default and requests immediate payment of $21,000 plus $1,000 in interest. The demand is formal and requires Royce to settle the outstanding amount as per the terms of the original note.

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EX-10.9 4 ex10-9.txt CURVELO TRADE & FINANCE LTD. P.O. Box 346 Corozal Town, Belize Central America February 28, 2005 Royce Biomedical Inc. 434 Town Center Suite 316 Corte Madera, CA 94925 Attention: Mr. Donald Gee, CEO Dear Sir, RE: Demand for Payment We write to advise that you are in default of the Promissory Note dated September 30, 2002 ("Note") entered into between Royce Biomedical Inc. ("Royce") and XILI USA Inc. ("XILI"). Please know that Curvelo Trade & Finance Ltd. acquired the said Note from XILI on December 10, 2004. We herein demand full payment of our retained portion of the Note totaling $21,000, together with $1,000 interest payable. Yours truly, CURVELO TRADE & FINANCE LTD. /s/ Garcia Cordoba Guadalupe Xochinua - ------------------------------------- Authorized Signatory