Exhibit 10.01
Promissory Note
On this date of June 1, 2009,
in return for valuable consideration received, the undersigned
borrower promises to pay to Seatac Digital Resources, Inc., the
“Lender”, the sum of One-Hundred Thousand Dollars
($100,000.00), together with interest thereon at the rate of five
percent (5%) percent per annum.
Payable On Demand
: The entire unpaid principal and
accrued interest thereon, if any, shall become immediately due and
payable on demand by the holder of this Note.
Default - In the event of default, the borrower agrees
to pay all costs and expenses incurred by the Lender, including all
reasonable attorney fees (including both hourly and contingent
attorney fees as permitted by law) for the collection of this Note
upon default, and including reasonable collection charges
(including, where consistent with industry practices, a collection
charge set as a percentage of the outstanding balance of this Note)
should collection be referred to a collection agency.
Acceleration of Debt
- In the
