NONCONVERTIBLE PROMISSORY NOTENonconvertible Promissory Note • September 27th, 2007 • Quantum Group Inc /Fl • Services-management consulting services • Florida
FOR VALUE RECEIVED and in connection with the Compensation Conversion Agreement by and between Susan Darby Guillama, Vice President of The Quantum Group, Inc. (the “Payee”), and The Quantum Group, Inc., a Nevada corporation (the “Maker”) dated September 21, 2007 (the “Agreement”), the Maker hereby promises to pay to the Payee in lawful money of the United States of America the principal sum of Two Hundred Thirty Four Thousand Five Hundred Eighty Three Dollars and Thirty Seven Cents ($234,583.37) together with interest thereon at the rate of eight percent (8%) per annum on any unpaid balance, on the terms set forth below.
NONCONVERTIBLE PROMISSORY NOTENonconvertible Promissory Note • September 27th, 2007 • Quantum Group Inc /Fl • Services-management consulting services • Florida
FOR VALUE RECEIVED and in connection with the Compensation Conversion Agreement by and between Donald B. Cohen, Vice President of The Quantum Group, Inc. (the “Payee”), and The Quantum Group, Inc., a Nevada corporation (the “Maker”) dated September 21, 2007 (the “Agreement”), the Maker hereby promises to pay to the Payee in lawful money of the United States of America the principal sum of One Hundred Fifty Eight Thousand One Hundred Twenty Dollars and Eighty Five Cents ($158,120.85) together with interest thereon at the rate of eight percent (8%) per annum on any unpaid balance, on the terms set forth below.
NONCONVERTIBLE PROMISSORY NOTENonconvertible Promissory Note • September 27th, 2007 • Quantum Group Inc /Fl • Services-management consulting services • Florida
FOR VALUE RECEIVED and in connection with the Compensation Conversion Agreement by and between Noel J. Guillama, President of The Quantum Group, Inc. (the “Payee”), and The Quantum Group, Inc., a Nevada corporation (the “Maker”) dated September 21, 2007 (the “Agreement”), the Maker hereby promises to pay to the Payee in lawful money of the United States of America the principal sum of Four Hundred Eighty Seven Thousand Six Hundred Forty Six Dollars and Seventy Cents ($487,646.70) together with interest thereon at the rate of eight percent (8%) per annum on any unpaid balance, on the terms set forth below.
