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Exhibit 10.2
DEMAND PROMISSORY NOTE
FOR VALUE RECEIVED,
ProUroCare Inc. (the “Debtor”) promises to pay to the
order of Alexander Nazarenko, or his successors and assigns (the
“Holder”), the principal sum of $37,000.00, together
with interest on all outstanding and unpaid amounts evidenced by
this Note at the rate of the US Prime Rate plus1.0% per year
computed on the basis of the actual number of days elapse in the
payment period and a 365-day year. This Note is not
secured.
1.
Payment of Principal and Interest. All outstanding
principal and interest under this Note will be due and payable ON
DEMAND.
2.
Demand for Payment . Upon request by the Holder for
payment hereunder, the then outstanding principal balance of this
Note and all accrued interest accrued thereon shall, at the option
of the Holder and without presentment, demand, protest, or further
notice of any kind, become immediately due and payable in
full. All payments
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