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DEMAND PROMISSORY NOTE

Promissory Note

DEMAND PROMISSORY NOTE | Document Parties: FARRALLON, INC | DYP Enterprises, LLC You are currently viewing:
This Promissory Note involves

FARRALLON, INC | DYP Enterprises, LLC

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Title: DEMAND PROMISSORY NOTE
Governing Law: Nevada     Date: 8/15/2008

DEMAND PROMISSORY NOTE, Parties: farrallon  inc , dyp enterprises  llc
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DEMAND PROMISSORY NOTE

 

$9,764.00

June 30, 2008

 

FOR VALUE RECEIVED, Farrallon, Inc., a corporation organized and existing under the laws of State of Nevada, with offices at 14908 Oxford Hollow, Charlotte, NC 28078(the “Company”), promises to pay to the order of DYP Enterprises, LLC, an limited liability company having an address at 14908 Oxford Hollow, Charlotte, NC 28078(the "Holder"), the principal amount of Nine Thousand Seven Hundred Sixty-Four ($9,764.00), together with interest incurred thereon at the rate of eight percent (8%) per annum. The entire unpaid principal and accrued interest thereon shall be immediately due and payable on demand by the Holder. Interest payable hereunder shall be calculated for actual days elapsed on the basis of a 360-day year. Any payments of amounts due hereunder shall be in such currency of the United States at the time of payment as shall be legal tender for the payment of public or private debts.

 

This Note shall be paid without deduction by reason of any set-off, defense or counterclaim of the Company. This Note may be repaid in whole or in part by the Company without penalty or premium at any time and from time to time. All payments received by the Holder hereunder will be applied first to costs of collection and fees, if any, then to interest, and the balance to principal.

 

All payments shall be made at the


 
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