Hutton Holdings
Corporation
(a Nevada
Corporation)
Convertible
Note
Hutton Holdings
Corporation, a Nevada Corporation ("Company") for value received
(summarized more specifically in Exhibit I.) hereby promises to pay
to Dominion World Investments (the "Holder") or its assignee, the
sum of Fourteen Thousand Four Hundred Ninety-Two Dollars
($14,492.00) US, with no interest in consideration of the
conversion right and payable in accordance with the terms and
conditions set forth herein.
1)
Payment
Terms :
Principal shall be all due and payable on December 31,
2008.
2)
Right to Convert
by Holder : The Holder of this Note
shall have the option to convert the entire amount or any portion
thereof, of the principal of this Note into shares of common stock
of the Company at a conversion price as hereinafter provided in
Paragraph 3 below.
3)
Conversion
Price :
The principal of the Note shall be converted into common
shares of the Company (the "Converted Shares") at a share price
equal to the "bid" price of the Company's common stock on the date
of the conversion, or in the event the Company has no bid price,
the principal of this Note shall be converted into 144,920
shares as an equity
position of the Company.
4)
Conversion
Date :
The Conversion Date for the Holder of the Note shall be
anytime after December 31, 2007 but no later than December
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