Exhibit
10.9
$15,000.00
(Fifteen Thousand
Dollars)
Effective Date: July 16,
2009
Annual Interest
Rate: 12.00% (Twelve
Percent)
Due on: August 16, 2009
HOME SAVERS HOLDING
CORPORATION
PROMISSORY NOTE
Home Savers
Holding Corporation (the "Debtor"), for value received, hereby
promises to pay to the order of Mr. Lysander M. Marrero (the
"Holder"), at such location as may be designated by Holder from
time to time, the principal amount of Fifteen Thousand Dollars
($15,000.00), and to pay interest on the unpaid balance thereof
from the date hereof, in lawful money of the United States, as
follows:
From the
effective date shown above, Holder shall be paid simple interest at
the rate per annum represented above ("Payable Interest Rate"). All
interest paid hereunder shall be based on a Three Hundred Sixty
(360) day year. consisting of twelve (12) months, each consisting
of thirty (30) days.
The principal
amount hereof, and any interest not theretofore paid, shall be due
and payable on the Due date set forth above. The Debtor may prepay
this Note at any time without penalty.
Each payment
made to Holder shall be credited first on interest then due, and
the remainder, if any, on principal: and interest shall thereupon
cease upon the principal so credited. Should default be made on
payment of any installment when due, or of any obligation or
coven
