Exhibit 10.9
SIRIUS/PUREPROPHET, LTD.
VENDOR'S CREDIT LINE AGREEMENT
WITH ORIGINAL BEVERAGE CORP.
Xxxxxx River, British Columbia
Malibu, California
January 6, 2000
Xxxxx Xxxxxx XXX for sirius/pureprophet, ltd. of Xxxxxx River, British Columbia
(the "borrower") hereby accepts terms of credit as extended by Original Beverage
Corp. of Malibu, California (the "lender") through execution of this writ.
1. Line of Credit.
a) The lender extends a line of credit to the borrower imputed
with 0% interest and a cash balance limitation of $200,000.
b) Credit line balance may be paid in part or in full at any time
by remittance of United States Currency at the lender's
primary place of business.
c) Unless previously agreed otherwise by all parties, credit line
balance is due and payable in full, at the offices of the
lender, in United States Currency, no later than December 31,
2007.
2. Disbursement.
a) From time to time, as mutually agreed by lender and borrower,
borrower shall receive disbursement of funds within the limit
stated.
b) Disbursement executed by writ of lender's corporate check.
3. Miscellaneous Provisions.
a) If this note or any part of the indebtedness represented
hereby shall not be paid as agreed, the Holder may place the
debit balance or any part of the indebtedness represented
hereby in the hands of an attorney for collection.
b) All disputes arising between the parties to be resolved
through binding arbitration in the County of Los Angeles.
c) Enforcement of this agreement is in accordance with, and
governed by, the laws of the State of California.
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Original Beverage Corp. (lender) sirius/pureprophet, ltd. (borrower)
By: /s/ Xxxxxxxxxxx X. Xxxx By: /s/ Xxxxx Xxxxxx XXX
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Xxxxxxxxxxx X. Xxxx, CEO, Founder. Xxxxx Xxxxxx XXX, Proprietor.
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