Unassociated Document


     

    EXHIBIT
      10.1

     

    PROMISSORY
      NOTE

    

      
        	
                $250,000

              	
                January
                  21, 2008

              
	 	
                Kentfield,
                  California

              


      

    

     

    FOR
      VALUE
      RECEIVED, DEBUT
      BROADCASTING CORPORATION, INC., a Nevada corporation
      (referred to as “Borrower”), promises to pay to REMINGTON
      PARTNERS, INC.,
      a
      California corporation (“Holder”), at a designated location, the principal sum
      of TWO
      HUNDRED FIFTY THOUSAND DOLLARS
      ($250,000), together with the interest described below, upon the terms and
      conditions specified below.

     

    Due
      Date.
      The
      full principal balance of this Note together with any unpaid interest shall
      be
      due and payable January 31, 2009.

     

    Interest:
      Interest at the rate of 18% per annum shall accrue to the unpaid principal,
      and
      shall be paid monthly on the first day of each calendar month. Any payment
      due,
      whether of interest or principal, late beyond 10 days of the due date shall
      accrue an additional 2% per annum on the amount due until paid.

     

    Fee:
      Upon
      the execution of this Note, Borrower shall pay to Holder a set up fee of
      $2000.

     

    Payment
      and Prepayment.
      Prepayment of principal and interest may be made at any time, provided, however,
      that a minimum of six (6) months interest shall be payable
      hereunder.

     

    Attorneys
      Fees.
      Should
      any action be brought by Holder to enforce the terms herein, the Court, as
      part
      of any judgment, may award Holder a reasonable amount as attorney’s fees for
      legal services incurred.

     

    Waiver.
      No
      previous waiver and no failure or delay by Holder or Borrower in acting with
      respect to the terms of this Note shall constitute a waiver of any breach,
      default, or failure of condition under this Note. The Borrower hereby expressly
      waives presentment and demand for payment at such time as any payments are
      due
      under this Note.

     

    Successors
      and Assigns.
      This
      Note inures to and binds the heirs, legal representatives, successors and
      assigns of Holder and Borrower.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Promissory
      Note

    
      January
        21, 2008

      Page
        2 

    

     

    Governing
      Law.
      This
      Note shall by construed in accordance with the laws of the State of California
      as applied to agreements made by and between parties in that state, and any
      action shall be brought in Marin County California.

     

    Warrant:
      A
      Warrant of even date, granting Holder the right to purchase of 62,500 shares
      of
      the common stock of Borrower, is made part of the agreement between the
      parties.

     

    
      Borrower:

       

      DEBUT
        BROADCASTING CORPORATION, INC. 

      A
        Nevada corporation:

       

      


      By   Steven
        Ludwig     
   

      ITS
        CEO

       

      and

       

      By   Shannon
        W. Farrington 

      ITS
        CFO

       

      


       

      Acknowledged
        and agreed to:

       

      REMINGTON
        PARTNERS, INC. 

      a
        California corporation

       

      


      By:                     

      President