Promissory Note between YesDTC, Inc. and Joseph Noel dated December 21, 2010

Summary

YesDTC, Inc. has agreed to borrow $40,000 from Joseph Noel, with the funds to be used for working capital. The loan carries a 10% annual interest rate, which can be paid monthly or in full at the end of the borrowing period. The full principal must be repaid within 90 days or by March 2011, whichever comes first. The borrower may repay all or part of the loan early without penalty. Both parties signed the agreement on December 21, 2010.

EX-10.5 6 f8k102610ex10v_yesdtc.htm PROMISSORY NOTE, DATED DECEMBER 21, 2010 f8k102610ex10v_yesdtc.htm

Exhibit 10.5

PROMISSORY NOTE


AMOUNT: $45,000	DATE: December 21, 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 Forty Thousand Dollars ($40,000) 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 fund working capital.

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 March, 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		12-21-10
The Borrower		Date:

/s/ Joseph Noel		12-21-10
The Lender		Date: