SECURED PROMISSORY NOTELoan Agreement • December 23rd, 2005 • Cci Group Inc • Hotels & motels
THIS PROMISSORY NOTE, dated the __th day of December 2005 (this “Note”) is given by BEACH PROPERTIES BARBUDA LIMITED a corporation duly registered under the laws of Antigua and Barbuda with registered office situate at Church Street, St John’s, Antigua (hereinafter called the “Borrower”) to LAURUS MASTER FUND LTD., a corporation duly registered under the laws of the Cayman Islands with registered office situated at Ogier Financial services (Cayman) Limited, PO Box 1234, Queensgate house, South Church Street, George Town, Grand Cayman, Cayman Islands, (hereinafter called the “Lender”).
