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DEMAND PROMISSORY NOTE
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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