TENTH PROMISSORY NOTEEXTENSION- JMAX
EX-10.3 3 v180981_ex10-3.htm
TENTH PROMISSORY NOTE EXTENSION- JMA X
Initial Note:
| $25,000 (Twenty Five Thousand Dollars) | Dated: July 10, 2007 |
| Principal Amount | State of Nevada |
Funding Date- On or before July 11, 2007
Due Date of Note October 11, 2007
FOR VALUE RECEIVED, Twenty Five Thousand Dollars ($25,000), the undersigned, Indigo-Energy, Inc., a Nevada Corporation, located at 701 N. Green Valley Parkway, Suite 200, Henderson, NV 89074 (Borrowers) hereby promises to pay to the order of Publishers Development Services, Inc., a business, located at 101 South Main Street, Fon du Lac, WI, 54935 (920 ###-###-####) (Maker) the sum of $25,000 (Twenty Five Thousand Dollars). Said sum shall be paid in the manner following:
This Promissory Note shall bear Interest at ten percent (10%) per annum from the Funding Date to the Due Date.
At the Due Date Borrower will repay the Note in the following manner:
Borrower will repay the Principal Amount along with accrued Interest within 10 days of the Due Date via check to the Makers address above.
| First Promissory Note Extension- Through January 11, 2008 | Second Promissory Note Extension- Through February 29, 2008 |
| Third Promissory Note Extension- Through June 30, 2008 | Fourth Promissory Note Extension Through July 31, 2008 |
| Fifth Promissory note Extension Through September 30, 2008 | Sixth Promissory Note Extension Through 12-31-2008 |
| Seventh Promissory Note Extension Through March 31, 2009 | Eighth Promissory Note Extension Through June 30, 2009 |
| Ninth Promissory Note Extension Through September 30, 2009 |
Tenth Promissory Note Extension
The Maker hereby agrees to further extend the Due Date of the Initial Note to March 31, 2010 for an additional consideration of three hundred thousand (300,000) shares of 144 restricted common stock of the Borrower, said stock to be issued within 30 days of signing of this Promissory Note Extension in the name of Janelle Anderson.
Signed the date recorded below:
| /s/ Stanley L. Teeple | |||
| Stanley L. Teeple | Date | ||
| Indigo-Energy, Inc. |
Accepted by Maker:
| /s/ Janelle M. Anderson | |||
| Janelle M. Anderson, an individual | Date |
