PROMISSORY NOTE AND SECURITY AGREEMENT DATED JANUARY 28, 2008Promissory Note and Security Agreement • January 30th, 2008 • V2K International Inc • Miscellaneous furniture & fixtures • Colorado
FOR VALUE RECEIVED, V2K Window Fashions, Inc., a Colorado corporation (“Borrower”), hereby promises to pay to the order of Gordon E. Beckstead, Victor J. Yosha and R. J. Wittenbrink (the “Lenders”), at the address of Lenders set forth herein, the principal amount of ONE HUNDRED AND FIFTY THOUSAND DOLLARS ($150,000.00), with FIFTY THOUSAND DOLLARS ($50,000) payable to each Lender (the “Loan”), together with interest. This Promissory Note (“Note”) has been executed by Borrower on the date set forth above (the “Effective Date”).
