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PROMISSORY NOTE

Promissory Note

PROMISSORY NOTE | Document Parties: ETHOS ENVIRONMENTAL, INC. You are currently viewing:
This Promissory Note involves

ETHOS ENVIRONMENTAL, INC.

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Title: PROMISSORY NOTE
Governing Law: California     Date: 1/14/2009
Industry: Non-Metallic Mining     Sector: Basic Materials

PROMISSORY NOTE, Parties: ethos environmental  inc.
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USD$250,000

  

San Diego, California

 

  

January ___, 2009

  PROMISSORY NOTE       FOR VALUE RECEIVED, Ethos Environmental, Inc., a Nevada corporation (the “Payor”) hereby unconditionally promises to pay to the order of Dick F. Chase (the “Payee”), the principal amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000). All amounts payable hereunder shall be payable to Payee in United States dollars at such bank account as shall be designated by the Payee in immediately available funds or as otherwise specified to Payor in writing. The principal amount is due and payable on December 31, 2009 (the “Maturity Date”).       INTEREST RATE:  The Promissory Note (the “Note”) shall bear interest an annual rate of 12% payable monthly in arrears and be payable in monthly installments of two thousand five hundred dollars ($2500.00) beginning January 1, 2009 and continuing the Maturity Date.       BORROWER'S PRE-PAYMENT RIGHT:  Payor may at any time and from time to time prepay the principal amount, in whole or in part, without premium or penalty.       PLACE FOR PAYMENT.  Borrower promises to pay to the order of Payee at the place for payment and according to the terms for payment the principal amount plus interest at the rates stated above. All unpaid amounts shall be due by t


 
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