EXHIBIT 10.1
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STRAIGHT NOTE
$300,000 South El Monte, California January 14, 2000
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For value received, Xxx Pharmaceuticals promises to pay Xxxx XxXxxxx or
order, at South El Monte, California the sum of THREE HUNDRED THOUSAND DOLLARS,
with interest from January 18, 2000, on unpaid principal at the rate of twenty
(20) per cent per annum; principal is payable monthly, commencing on February
20, 2000, with monthly principal payments of $10,000. Interest shall be
calculated on the basis of the unpaid principal balance daily, based on a
365-day year, actual day month and payable monthly. Principal and interest shall
be payable in lawful money of the United States. If action were instituted on
this note, I promise to pay such sum as the Court may fix as attorney's fees.
This note is secured by the following trademark; Serutan.
1/15/2000 XXXXXX X. XXX
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Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
1/15/2000 XXXXXXX X. XXXXXXX
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Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
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