Promissory
Note
On this date of
October 13, 2009 , in return for valuable consideration received,
Blue Atelier Inc (“Blue Atelier”), a Nevada Corporation
promises to pay to Eworld Interactive, Inc (“EWRL”), a
Florida Corporation, the sum of $35,000 Dollars, together with
interest thereon at the rate of 10% per year as further set out
below.
The sum of
$35,000 represents the amount of the purchase price of $250,000 due
to EWRL as of the Closing Date in respect of the purchase of
25,000,000 shares of common stock in EWRL, reduced by any amount
advanced to EWRL, as set out in the Stock Purchase Agreement, dated
March 30, 2009.
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1.
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Terms of Repayment: This loan
shall be repaid under the following terms:
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1.
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Any further payments made to
EWRL by Blue Atelier shall be first applied to interest and the
balance to the principal.
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2.
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Interest shall be 10% per
year.
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3.
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Any remaining portion of the
amount outstanding, including interest shall be due on the maturity
date.
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4.
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The maturity date shall be 180
days from the date of this Promissory Note.
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5.
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The entire unpaid principal and
accrued interest thereon, if any, shall become immediately due and
payable on demand by the holder of this Note on o
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