Convertible Promissory Note between Vet Online Supply Inc. and Concord Veterinary Supply Inc. dated June 1, 2014
Contract Categories:
Business Finance
›
Note Agreements
Summary
Vet Online Supply Inc. has borrowed $50,000 from Concord Veterinary Supply Inc. under this agreement. Vet Online Supply promises to repay the full amount within 90 days after receiving notice that its S-1 Registration Statement is effective with the SEC. Before the loan is repaid, Concord Veterinary Supply can choose to convert the loan into common shares of Vet Online Supply at a fixed price of $0.10 per share.
EX-10.6 4 ex106.htm CONVERTIBLE PROMISSORY NOTE BETWEEN THE COMPANY AND CONCORD VETERINARY SUPPLY DATED JUNE 1, 2014 ex106.htm
Convertible Promissory Note
This Promissory Note (the “Note”) is entered into on this 1st day of June 2014, between Vet Online Supply Inc. and Concord Veterinary Supply Inc.
Amount: Reseller Fee – USD $50,000.0
Terms: Vet Online Supply promises to pay Concord Veterinary Supply Inc. the full amount of the loan within ninety (90) days of the Vet Online Supply getting notice of effect from its S-1 Registration Statement to be filed with the Securities and Exchange Commission.
At any time prior to the maturity of the Note, Concord Veterinary Supply Inc. may elect to convert the loan into Common Shares of Vet Online Supply at a fixed price of $0.10 per share.
WITNESSETH this 1st day of June, 2014
| Vet Online Supply Inc. | Concord Veterinary Supply Inc. | |||
| /s/Kristy Pedotti | /s/Trevor Kidd | |||
| By: Kristy Pedotti | By: Trevor Kidd | |||
