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UNSECURED PROMISSORY NOTE

Promissory Note

UNSECURED PROMISSORY NOTE | Document Parties: PURPLE BEVERAGE COMPANY, INC. | GS Holding LLC You are currently viewing:
This Promissory Note involves

PURPLE BEVERAGE COMPANY, INC. | GS Holding LLC

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Title: UNSECURED PROMISSORY NOTE
Date: 9/9/2008

UNSECURED PROMISSORY NOTE, Parties: purple beverage company  inc. , gs holding llc
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UNSECURED PROMISSORY NOTE

 

$100,000.00

Ft. Lauderdale, Florida

 

August 22, 2008

 

Purple Beverage Company, Inc., a Nevada corporation (“ Maker ”), hereby promises to pay to the order of GS Holding LLC, an individual or order (“ Lender ”), in lawful money of the United States of America, the lesser of One Hundred Thousand Dollars ($100,000.00) or the principal balance outstanding under this Unsecured Promissory Note, together with accrued and unpaid interest thereon, if any, at the rate or rates set forth below.

 

The unpaid principal amount of this Unsecured Promissory Note shall bear interest at a rate of 11% until the date on which this Unsecured Promissory Note has been paid in full. If any interest is determined to be in excess of the then legal maximum rate, then that portion of each interest payment representing an amount in excess of the then legal maximum rate shall be deemed a payment of principal and applied against the principal of the obligations evidenced by this Unsecured Promissory Note.

 

This Unsecured Promissory Note shall be paid in accordance with the schedule attached (Exhibit A) and may be prepaid in whole or in pa


 
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