PUBLIC MEDIA WORKS, INC. PROMISSORY NOTE
Exhibit 10.23
PUBLIC MEDIA WORKS, INC.
This PROMISSORY NOTE AGREEMENT (this “Agreement”) is made as of the 15th day of August, 2004 by and among PUBLIC MEDIA WORKS, INC., a Delaware corporation (the “Company”), and F. Xxxxx XxXxxx (“Xx. XxXxxx”.)
THE PARTIES HEREBY AGREE AS FOLLOWS:
1. PROMISSORY NOTE.
Xx. XxXxxx agrees to contribute as debt under the terms of this Promissory Note the amount of One Hundred Thousand Dollars ($100,000.00) for a period of six (6) months. This Promissory Note shall accrue interest at a rate of six percent per annum (6%) which shall be added to the principal investment amount at the end of the term.
IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.
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PUBLIC MEDIA WORKS, INC. |
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By: |
/s/ Xxxxxx X. Xxxxx |
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Name: |
Xxxxxx X. Xxxxx |
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Title: |
Chief Executive Officer |
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F. Xxxxx XxXxxx |
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/s/ F. Xxxxx XxXxxx |
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F. Xxxxx XxXxxx |
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