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Exhibit 10.1
PROMISSORY NOTE
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$700,000.00
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October 27, 2008
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FOR VALUE RECEIVED, Nature Vision, Inc., a
Minnesota corporation (the “ Company ”),
promises to pay to Jeffrey P. Zernov or his successors or assigns
(“ Holder ”), at such place as the Holder of
this Note may designate in writing to the Company, the principal
sum of Seven Hundred Thousand Dollars ($700,000), together with
simple interest on the unpaid principal balance from the date of
this Note until fully paid at the rate of fifteen percent (15%) per
annum, based on actual days elapsed in a year of 365
days. Principal and interest are due and payable in
lawful money of the United States of America.
Accrued but unpaid interest and principal are
due and payable in full on January 1, 2009.
This Note may be fully or partially prepaid at
any time during the term of this Note without penalty or
premium.&n
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