PROMISSORY NOTE
Exhibit 10.4
August 2, 2012 $ 35,000.00
Whereas Xxxxxxx X. Xxxxxx, (“Lender”), having an address of 00 Xxxxxxx Xxxxxxx Xx., Xxxxxxx, XX 00000, has loaned $ 35,000.00 to Kenergy Scientific, Inc., formerly SpeechSwitch, Inc. (“Borrower”), a New Jersey corporation, having an address of 0 Xxxxxxxxxxxx Xx., Xxxxxxxxxx, XX 00000 on this 2nd day of August, 2012, receipt of which is acknowledged;
Now, Therefore, the parties agree as follows:
Borrower shall pay Lender the full sum of $ 35,000.00, plus 7 % per annum interest on or before February 2, 2013. In the event that Xxxxxxxx fails to make payment in full on that date, then this Note shall automatically become a default instrument and Lender may take whatever action he may elect to recover his loss, including legal action, with continuing accrual of 7 % per annum interest, and attorney’s fees.
| Date:Auguat 2, 2012 | Kenergy Scientific, Inc.(formerly SpeechSwitch, Inc.) |
| By: /s/ Xxxxxxx Xxxxx | |
| Xxxxxxx Xxxxx Chief Executive Officer |
