Exhibit 10.4
PROMISSORY NOTE
FOR VALUE RECEIVED, Environmental Energy
Services, Inc., a Delaware corporation (hereinafter referred to as
the “Maker”), promises to pay to the order of Blaze
Energy Corp. (“Holder”), or assigns, at 3350 Americana
Terrace, Suite 200, Boise, Idaho 83706, or at such other place as
the Holder may from time to time designate in writing to the Maker,
in lawful money of the United States of America, on demand of the
Holder, all amounts loaned from the Maker to the Holder from time
to time, with interest on the outstanding balance from time to
time, at the prime rate as published in the Wall Street Journal,
plus 2%, as of the first day of each calendar quarter.
If from any circumstances whatsoever
fulfillment of any provision of this Note at the time performance
of such provision shall be due shall involve transcending the limit
prescribed by any applicable usury statute or any other applicable
law, with regard to obligations of like character and amount, then,
ipso facto , the obligation to be fulfilled shall be reduced
to the limit of such validity, so that in no event shall any
exaction be possible under this Note or under any other instrument
evidencing or securing the indebtedness evidenced hereby, that is
in excess of the current limit of such validity, but such
obligation shall be fulfilled to the limit of such
validity.
Presentment for payment, demand, protest
and notice of demand, notice of dishonor and notice of nonpayment
and all other notices are hereby waived b
