Promissory Note between YesDTC, Inc. and Joseph Noel dated October 26, 2010

Summary

YesDTC, Inc. has agreed to borrow $25,000 from Joseph Noel under this promissory note dated October 26, 2010. The company promises to repay the full amount, with 10% annual interest, by January 15, 2011 or within 90 days of the note's date. Interest is calculated on a simple, non-compounding basis and may be paid monthly or at the end of the term. The borrower can repay all or part of the loan early without penalty.

EX-10.1 2 f8k102610ex10i_yesdtc.htm PROMISSORY NOTE, DATED OCTOBER 26, 2010 f8k102610ex10i_yesdtc.htm

Exhibit 10.1

POMISSORY NOTE


AMOUNT: $25,000	DATE: October 26, 2010

For value received, the terms of this Promissory Note (the "Note") dictate that YesDTC, Inc. (the "Borrower") promises to pay to the order of Joseph Noel (the "Lender"), maintaining an address at 300 Beale Street, Suite 613, San Francisco, CA 94105 (the Lender's address), the principal sum of Twenty-Five Thousand Dollars ($25,000.00) in U.S. currency (the "Principal Amount").

Use of Proceeds: Proceeds from the value received of this Note shall be used by the Borrower to ______________________________________________________________

Interest: Interest on the Principal Amount shall be equal to 10.0% per annum. This amount shall be determined on a pro rata basis for any monthly or fractional basis thereof. Interest is not compoundable and may be paid monthly or in full at the end of the Borrowing Period.

Terms of Repayment: The entire Principal Amount shall be fully paid by the Borrower to the Lender on or before January 15, 2011 or within ninety days (90 days) from the date of this Note (the "Borrowing Period").

All or any part of the Principal may be prepaid at any time and from time to time without penalty.

This Promissory Note between the Borrower and Lender is signed and dated as per below.


/s/ Joseph Noel			10-25-10
The Borrower			Date:


/s/ Joseph Noel			10-25-10
The Lender			Date: