PROMISSORY NOTE ---------------Vsource Inc • December 15th, 2000 • Services-business services, nec
FOR VALUE RECEIVED, the undersigned, S. SCOTT TURNER, an individual (the "Borrower"), hereby promises to pay to the order of VSOURCE, INC., a Nevada corporation (the "Lender"), or its assigns (individually and collectively, the "Holder," at the office of the Lender located at 5740 Ralston Street, Suite 110, Ventura, California 93003 the principal sum of One Hundred Twenty Four Thousand UNITED STATES DOLLARS (US$124,000.00) (or so much thereof as shall remain outstanding) on September 17, 2003 (the "Maturity Date"), unless due earlier pursuant to the terms hereof. Subject to modification, this Note shall bear interest from the date hereof on the unpaid principal amount hereof from time to time outstanding at a rate of eight percent (8%) per annum (such rate, as increased as provided in this Note, the "Interest Rate"). "Business Day" shall mean any day, except a Saturday, Sunday or other day or which commercial banks in the State of Nevada are authorized or required by law to close.
PLEDGE AND SECURITY AGREEMENT ----------------------------- This PLEDGE AND SECURITY AGREEMENT ("Agreement"), dated as of September 18, 2000, is made by P. Scott Turner, an individual ("Debtor"), in favor of Vsource, Inc., a Nevada corporation...Pledge and Security Agreement • December 15th, 2000 • Vsource Inc • Services-business services, nec • California
PROMISSORY NOTE ---------------Vsource Inc • December 15th, 2000 • Services-business services, nec
FOR VALUE RECEIVED, the undersigned, SANDFORD T. WADDELL, an individual (the "Borrower"), hereby promises to pay to the order of VSOURCE, INC., a Nevada corporation (the "Lender"), or its assigns (individually and collectively, the "Holder," at the office of the Lender located at 5740 Ralston Street, Suite 110, Ventura, California 93003 the principal sum of One Hundred Twenty Four Thousand UNITED STATES DOLLARS (US$124,000.00) (or so much thereof as shall remain outstanding) on September 17, 2003 (the "Maturity Date"), unless due earlier pursuant to the terms hereof. Subject to modification, this Note shall bear interest from the date hereof on the unpaid principal amount hereof from time to time outstanding at a rate of eight percent (8%) per annum (such rate, as increased as provided in this Note, the "Interest Rate"). "Business Day" shall mean any day, except a Saturday, Sunday or other day or which commercial banks in the State of Nevada are authorized or required by law to close.
PROMISSORY NOTE ---------------Vsource Inc • December 15th, 2000 • Services-business services, nec
FOR VALUE RECEIVED, the undersigned, ROBERT C. MCSHIRLEY, an individual (the "Borrower"), hereby promises to pay to the order of VSOURCE, INC., a Nevada corporation (the "Lender"), or its assigns (individually and collectively, the "Holder," at the office of the Lender located at 5740 Ralston Street, Suite 110, Ventura, California 93003 the principal sum of Four Hundred Thousand UNITED STATES DOLLARS (US$400,000.00) (or so much thereof as shall remain outstanding) on January 9, 2001 (the "Maturity Date"), unless due earlier pursuant to the terms hereof. Subject to modification, this Note shall bear interest from the date hereof on the unpaid principal amount hereof from time to time outstanding at a rate of eight percent (8%) per annum (such rate, as increased as provided in this Note, the "Interest Rate"). "Business Day" shall mean any day, except a Saturday, Sunday or other day or which commercial banks in the State of Nevada are authorized or required by law to close.
EXHIBIT 10.11 AGREEMENT AND PLAN OF MERGER BY AND AMONG VSOURCE, INC., OTT ACQUISITION CORP., ONLINE TRANSACTION TECHNOLOGIES, INC.,Agreement and Plan of Merger • December 15th, 2000 • Vsource Inc • Services-business services, nec
