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Promissory Note

Promissory Note

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This Promissory Note involves

SO ACT NETWORK, INC.

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Title: Promissory Note
Governing Law: Delaware     Date: 6/2/2009

Promissory Note, Parties: so act network  inc.
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Exhibit 10.2

 

 Promissory Note


 

$9,500.00

Date of Issuance

May 11, 2009

 

FOR VALUE RECEIVED, So Act Network, Inc., a Delaware corporation (the "Maker"), with an address at 5715 Will Clayton, Parkway, #6572 Humble, TX 77338, for value received, hereby promises to pay to the order of Greg Halpern (the “Payee”), with an address of 5715 Will Clayton, Parkway, #6572 Humble, TX 77338 or his designees, the principal sum of $9,500.00 (the “Principal Amount”), together with interest at the prime rate as of the Date of Issuance until all principal under this Note is paid in full.  The principal balance of this Note may be prepaid in whole or in part, at any time and from time to time, without premium or penalty, together with all accrued interest on the principal balance so prepaid. All prepayments and the other payments under this Note shall be applied first to accrued but unpaid interest, and then to the unpaid principal balance, until all principal and accrued interest under this Note have been paid in full.

 

No change, amendment, modification, termination, waiver, or discharge, in whole or in part, of any provision of thi


 
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