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Secured Promissory Note

 

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Title:

Secured Promissory Note

Entities:

Medasorb Technologies, Inc.

Date:

2008

Size:

7KB total

Price:

$40

ID:

#3284955

 

 

► Loans ► Promissory Notes ► Secured Promissory Notes

 

 

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SECURED PROMISSORY NOTE

$650,000.00
Columbia, South Carolina
 
January 18, 2008

FOR VALUE RECEIVED, the undersigned ("Maker") promises to pay to the order of VersusLaw, Inc. ("Payee"), the principal sum of Six Hundred Fifty Thousand Dollars ($650,000.00), all as hereinafter provided and upon the following agreements, terms and conditions:

Payment. Maker shall pay all principal outstanding under this Secured Note on or before the 18th day of February 2008 (the "Maturity Date"), at which time all sums then owing hereon or evidenced hereby, if not sooner paid, shall be due and payable in full. All payments shall be payable in lawful money of the United States of America which shall be the legal tender for public and private debts at the time of payment. All payments shall be made to the holder hereof at 8383 158th Ave NE, Suite 250, Redmond, WA 98052, or at such other place as the holder hereof may specify in writing from time to time. Whenever any payment to be made hereunder shall be due on a day other than a business day, such payment shall be made on the next succeeding business day, and such extension of time shall in such case be included in the computation of the payment of interest. The term "business day" as used herein shall mean any day other than a Saturday, Sunday or a public holiday or the equivalent for banks generally under the laws of the State of Washington.

Definitions. All terms used herein that are identified in the State of Washington Uniform Commercial Code (the "Code") shall have the same meaning herein unless otherwise indicated.

 

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