Demand Letter for Payment under Promissory Note – GEV 2000 KFT to Royce Biomedical Inc.

Contract Categories: Business Finance › Note Agreements
Summary

This letter from GEV 2000 KFT to Royce Biomedical Inc. demands immediate payment of $4,000 plus interest under a promissory note originally issued by Royce to XILI USA Inc. and subsequently acquired by Curvelo Trade & Finance Ltd., with GEV now holding a portion of the note. GEV requests full payment of the amount owed as of February 28, 2005.

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EX-10.10 5 ex10-12.txt GEV 2000 KFT 1. Zoldlomb Utca Pilisjaszfaln Hungary 2080 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, pursuant to a certain Promissory Note dated September 30, 2002, ("Note"), between Royce Biomedical Inc. ("Royce") and XILI USA Inc. ("XILI") and the acquisition of the Note by Curvelo Trade & Finance Ltd. ("Curvelo") from XILI, that on February 14, 2005, GEV 2000 KFT ("GEV") has acquired $4,000.00 of the said Note. We herein demand full payment of the Note, together with interest payable immediately. Yours truly, /s/ Zsuzsa Horvath Gyozone - -------------------------- GEV 2000 KFT