LOAN AGREEMENT
March 12, 2015
For value received, the undersigned Voice Life, Inc. (the “Borrower”) at 0000 Xxxxxx Xxx. Xxxxx 000 Xxxxxxxxxx Xxxxx, XX 00000, promises to pay the the order of Xxxxxx Xxxxx (the “Lender”), at 0000 Xxxxxx Xxx. Xxxxx 000 Xxxxxxxxxx Xxxxx, XX 00000, the sum of up to $10,000.000 without interest, due and payable upon demand from the Lender. There is no formal written commitment for continued support after 2015.
I. TERMS OF REPAYMENT.
A. Payments
The unpaid principal balance shall be payable upon demand from the Lender.
B. Application of Payments
All payments on this Note shall be applied towards the principal balance owed to the Lender. This notye does not accrue interest.
C. Late Fee
The Borrower promises to pay a late charge of $50.00 for every seven (7) days the payment is late after the Lender tenders a demand notice for repayment.
II. PREPAYMENTS
The Borrower reserves the right to prepay this Note (in whole or in part) prior to the Lender tendering a demand notice for repayment.
SIGNATURES
| Borrower: | Lender: |
|---|---|
| /s/Xxxxxx Xxxxx | /s/Xxxxxx Xxxxx |
| By: Voice Life, Inc. | By: Xxxxxx Xxxxx |
| Its: CEO | |
| Name: Xxxxxx Xxxxx | |
| Date: March 12, 2015 | Date: March 12, 2015 |
