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CONVERTIBLE PROMISSORY NOTE

Convertible Promissory Note

CONVERTIBLE PROMISSORY NOTE | Document Parties: GUARDIAN TECHNOLOGIES INTERNATIONAL INC You are currently viewing:
This Convertible Promissory Note involves

GUARDIAN TECHNOLOGIES INTERNATIONAL INC

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Title: CONVERTIBLE PROMISSORY NOTE
Governing Law: Virginia     Date: 4/9/2008
Industry: Textiles - Non Apparel     Sector: Consumer Cyclical

CONVERTIBLE PROMISSORY NOTE, Parties: guardian technologies international inc
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Exhibit 10.2

CONVERTIBLE PROMISSORY NOTE



On this date of December 11, 2007, in return for valuable consideration received, the undersigned Borrower promises to pay to Mark Brunell, the “Lender”, the sum of One Hundred Thousand Dollars ($100,000.00), together with interest thereon at the rate of ten percent (10%) per annum.


Terms of Repayment : This loan shall be repaid in full upon receipt of proceeds from financing offering (Term Sheet dated November 9, 2007 or as revised at a later date) which are anticipated to be received by December 21, 2007. The Lender shall have the right to convert the principal portion of the repayment into the financing on the same terms as provided to other investors. Such right of conversion shall remain in full force and effect until January 15, 2008.


Place of Payment : All payments due under this note shall be made at KM Capital Management located at 11719 Bee Caves Roa


 
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