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DEMAND PROMISSORY NOTE

Promissory Note

DEMAND PROMISSORY NOTE | Document Parties: TRIST HOLDINGS, INC. | Family Products LLC | Landbank Group, Inc | Obligor, Holder and Europa International, Inc | Obligor, Landbank Acquisition LLC | Trist Holdings, Inc | Woodman Management Corporation You are currently viewing:
This Promissory Note involves

TRIST HOLDINGS, INC. | Family Products LLC | Landbank Group, Inc | Obligor, Holder and Europa International, Inc | Obligor, Landbank Acquisition LLC | Trist Holdings, Inc | Woodman Management Corporation

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Title: DEMAND PROMISSORY NOTE
Date: 10/23/2009

DEMAND PROMISSORY NOTE, Parties: trist holdings  inc. , family products llc , landbank group  inc , obligor  holder and europa international  inc , obligor  landbank acquisition llc , trist holdings  inc , woodman management corporation
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DEMAND PROMISSORY NOTE

 

 

 

$250,000.00

Los Angeles, California October 19, 2009

 

 

FOR VALUE RECEIVED and to memorialize certain undocumented lending transactions that occurred prior to the date hereof, Trist Holdings, Inc. f/k/a Landbank Group, Inc., a Delaware corporation (" Obligor "), promises to pay to the order of Woodman Management Corporation (" Holder "), at Los Angeles, California, or such other place as may be designated from time to time by Holder in writing, the principal sum of Two Hundred Fifty Thousand Dollars ($250,000) with simple interest on the unpaid principal from December 31, 2007 at the rate of eight percent (8%) per annum.  This Note was originally delivered to Landbank Acquisition LLC in connection with the Securities Purchase Agreement dated November 1, 2007 among the Obligor, Landbank Acquisition LLC and Family Products LLC and constitutes the “Assigned Debt” as defined therein, and has been assigned to Holder in connection with the Share Purchase Agreement dated October 19, 2009 among Obligor, Holder and Europa International, Inc.

 

The outstanding principal amount of this Demand Promissory Note (this “ Note ”), together with all accrued but unpaid interest, shall be due and payable on the first Business Day (as defined below) following demand.

 

All accrued and unpaid inte


 
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