Document:

PROMISSORY
NOTE

    

    
      
        	
                [Amount]

              	
                September
      8, 2008

              

      

    

    

    FOR VALUE RECEIVED, and intending to be
legally bound, Pier Acquisition I, Inc., a Delaware corporation with an address
at 3902 Peartree Place, Calabasas, CA 91302 (the “Maker”), hereby
unconditionally and irrevocably promises to pay to the order of [Name and
Address of Holder] (the “Payee”), in lawful money of the United States of
America, the [Amount of Loan] ($__________) on or before the earlier of (i)
December 31, 2010 or (ii) the date that the Maker (or a wholly owned subsidiary
of the Maker) consummates a business combination with a private company in a
reverse merger or reverse takeover transaction or other transaction after which
the company would cease to be a shell company (as defined in Rule 12b-2 under
the Securities Exchange Act of 1934, as amended) (the “Maturity
Date”).

    

    Interest shall accrue on the
outstanding principal balance of this Promissory Note on the basis of a 360-day
year from the date the Maker receives the funds from the Payee until paid in
full at the rate of eight and one quarter percent (8.25%) annum, and shall be
due and payable at the Maturity Date, or the prepayment date, if any, whichever
is earlier. This
Promissory Note may be prepaid in whole or in part at any time or from time to
time prior to the Maturity Date.

    

    For purposes of this Promissory Note,
an "Event of Default" shall occur if the Maker shall: (i) fail to pay the entire
principal amount of this Promissory Note when due and payable, (ii) admit in
writing its inability to pay any of its monetary obligations under this
Promissory Note, (iii) make a general assignment of its assets for the benefit
of creditors, or (iv) allow any proceeding to be instituted by or against it
seeking relief from or by creditors, including, without limitation, any
bankruptcy proceedings.

    

    In the event that an Event of Default
has occurred, the Payee or any other holder of this Promissory Note may, by
notice to the Maker, declare this entire Promissory Note to be forthwith
immediately due and payable, without presentment, demand, protest or further
notice of any kind, all of which are hereby expressly waived by the
Maker.  In the event that an Event of Default consisting of a
voluntary or involuntary bankruptcy filing has occurred, then this entire
Promissory Note shall automatically become due and payable without any notice or
other action by Payee.  Commencing five days after the occurrence of
any Event of Default, the interest rate on this Note shall accrue at the rate of
18% per annum.

    

    The nonexercise or delay by the Payee
or any other holder of this Promissory Note of any of its rights hereunder in
any particular instance shall not constitute a waiver thereof in that or any
subsequent instance.  No waiver of any right shall be effective unless
in writing signed by the Payee, and no waiver on one or more occasions shall be
conclusive as a bar to or waiver of any right on any other
occasion.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    Should any part of the indebtedness
evidenced hereby be collected by law or through an attorney-at-law, the Payee or
any other holder of this Promissory Note shall, if permitted by applicable law,
be entitled to collect from the Maker all reasonable costs of collection,
including, without limitation, attorneys’ fees.

    

    All notices and other communications
must be in writing to the address of the party set forth in the first paragraph
hereof and shall be deemed to have been received when delivered personally
(which shall include via an overnight courier service) or, if mailed, three (3)
business days after having been mailed by registered or certified mail, return
receipt requested, postage prepaid. The parties may designate by notice to each
other any new address for the purpose of this Promissory Note.

    

    Maker hereby forever waives
presentment, demand, presentment for payment, protest, notice of protest, and
notice of dishonor of this Promissory Note and all other demands and notices in
connection with the delivery, acceptance, performance and enforcement of this
Promissory Note.

    

    This Promissory Note shall be binding
upon the successors and assigns of the Maker, and shall be binding upon, and
inure to the benefit of, the successors and assigns of the Payee.

    

    This Promissory Note shall be governed
by and construed in accordance with the internal laws of the State of New
York.  All disputes between the Maker and the Payee relating in any
way to this Promissory Note shall be resolved only by state and federal courts
located in New York County, New York, and the courts to which an appeal
therefrom may be taken.

    

    IN WITNESS WHEREOF, the undersigned
Maker has executed this Promissory Note as of September 8, 2008.

    

    
      
        
          	
                  MAKER:

                
	 
      
	
                  PIER
      ACQUISITION I, INC.

                
	 
      	 
      
	
                  By:

                	 
        
	 
      	
                  Name:
      Philip Huml

                
	 
      	
                  Title:
      President

                

        

      

    

    
      
         

      

      
        2COMMON
STOCK PURCHASE AGREEMENT

    

    AGREEMENT entered into as of
the 5th day of
September, 2008, by and between
Pier Acquisition I, Inc., a Delaware corporation with an address at 3902
Peartree Place, Calabasas, CA 91302 (the “Company”) and [Purchaser Name and
Address] (the “Purchaser”).

    

    WHEREAS,
the Purchaser desires to purchase, and the Company desires to sell, an aggregate
of [Number of Shares] shares (the “Shares”) of the Company’s common stock, par
value $0.0001 per share (the “Common Stock”) upon the terms and conditions
hereof.

    

    NOW,
THEREFORE, in consideration of the premises and the mutual agreements herein
contained, the Purchaser and the Company hereby agree as follows:

    

    SECTION
1:  SALE OF THE SHARES

    

    1.1 Sale of the
Shares.  Subject to the terms and conditions hereof, the
Company will sell and deliver to the Purchaser and the Purchaser will purchase
from the Company, upon the execution and delivery hereof, the Shares for a
purchase price equal to [Purchase Price].

    

    SECTION
2:  CLOSING DATE; DELIVERY

    

    2.1  Closing
Date.  The closing of the purchase and sale of the Shares
hereunder (the “Closing”) shall be held immediately following the execution and
delivery of this Agreement.

    

    2.2  Delivery at Closing.
At the Closing, the Company will deliver to the Purchaser a stock certificate
registered in the Purchaser’s name, representing the number of Shares to be
purchased by Purchaser hereunder, against payment of the purchase price
therefore as indicated above.

    

    SECTION
3: REPRESENTATIONS AND WARRANTIES OF PURCHASER

    

    The
undersigned Purchaser hereby represents and warrants to the Company as
follows:

    

    3.1  Transfer of
Shares.  The Shares have not been registered under the
Securities Act of 1933, as amended (the “Securities Act”) and cannot be sold or
otherwise transferred without an effective registration or an exemption
therefrom, but may not be sold pursuant to the exemptions provided by Section
4(1) of the Securities Act or, until February 15, 2008, Rule 144 under the
Securities Act, in accordance with the letter from Richard K. Wulff, Chief of
the Office of Small Business Policy of the Securities and Exchange Commission’s
Division of Corporation Finance, to Ken Worm of NASD Regulation, Inc., dated
January 21, 2000.

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.2  Experience. The
undersigned has such knowledge and experience in financial and business matters
that the undersigned is capable of evaluating the merits and risks of investment
in the Company and of making an informed investment decision.  The
undersigned has adequate means of providing for the undersigned's current needs
and possible future contingencies and the undersigned has no need, and
anticipates no need in the foreseeable future, to sell the Shares for which the
undersigned subscribes.  The undersigned is able to bear the economic
risks of this investment and, consequently, without limiting the generality of
the foregoing, the undersigned is able to hold the Shares for an indefinite
period of time and has sufficient net worth to sustain a loss of the
undersigned's entire investment in the Company in the event such loss should
occur. Except as otherwise indicated herein, the undersigned is the sole party
in interest as to its investment in the Company, and it is acquiring the Shares
solely for investment for the undersigned's own account and has no present
agreement, understanding or arrangement to subdivide, sell, assign, transfer or
otherwise dispose of all or any part of the Shares subscribed for to any other
person.

    

    3.3  Investment; Access to
Data.  The undersigned has carefully reviewed and understands
the risks of, and other considerations relating to, a purchase of the Common
Stock and an investment in the Company. The undersigned has been furnished
materials relating to the Company, the private placement of the Common Stock or
anything else that it has requested and has been afforded the opportunity to ask
questions and receive answers concerning the terms and conditions of the
offering and obtain any additional information which the Company possesses or
can acquire without unreasonable effort or expense.  Representatives
of the Company have answered all inquiries that the undersigned has made of them
concerning the Company, or any other matters relating to the formation and
operation of the Company and the offering and sale of the Common Stock.The
undersigned has not been furnished any offering literature other than the
materials that the Company may have provided at the request of the undersigned;
and the undersigned has relied only on such information furnished or made
available to the undersigned by the Company as described in this Section. The
undersigned is acquiring the Shares for investment for the undersigned's own
account, not as a nominee or agent and not with the view to, or for resale in
connection with, any distribution thereof.  The undersigned
acknowledges that the Company is a start-up company with no current operations,
assets or operating history, which may possibly cause a loss of Purchaser’s
entire investment in the Company.

    

    3.4  Authorization.  (a)
This Agreement, upon execution and delivery thereof, will be a valid and binding
obligation of Purchaser, enforceable in accordance with its terms, subject to
applicable bankruptcy, insolvency, reorganization and moratorium laws and other
laws of general application affecting enforcement of creditors' rights
generally.

    

    (b)  The
execution, delivery and performance by Purchaser of this Agreement and
compliance therewith and the purchase and sale of the Shares will not result in
a violation of and will not conflict with, or result in a breach of, any of the
terms of, or constitute a default under, any provision of state or Federal law
to which Purchaser is subject, or any mortgage, indenture, agreement,
instrument, judgment, decree, order, rule or regulation or other restriction to
which the Purchaser is a party or by which the undersigned Purchaser is bound,
or result in the creation of any mortgage, pledge, lien, encumbrance or charge
upon any of the properties or assets of Purchaser pursuant to any such
term.

    
      
         

      

      
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    3.5  Accredited
Investor.  Purchaser is an accredited investor as defined in
Rule 501(a) of Regulation D under the Securities Act.

    

    SECTION
4:  MISCELLANEOUS

    

    4.1  Governing
Law.  This Agreement shall be governed in all respects by the
laws of the State of Delaware, without regard to conflicts of laws principles
thereof.

    

    4.2  Survival.  The
terms, conditions and agreements made herein shall survive the
Closing.

    

    4.3  Successors and
Assigns.  Except as otherwise expressly provided herein, the
provisions hereof shall inure to the benefit of, and be binding upon, the
successors, assigns, heirs, executors and administrators of the parties
hereto.

    

    4.4  Entire Agreement; Amendment;
Waiver.  This Agreement constitutes the entire and full
understanding and agreement between the parties with regard to the subject
matter hereof.  Neither this Agreement nor any term hereof may be
amended, waived, discharged or terminated, except by a written instrument signed
by all the parties hereto.

    

    4.5  Counterparts.  This
Agreement may be executed in any number of counterparts, each of which shall be
an original, but all of which together, shall constitute one
instrument.

    

    IN WITNESS WHEREOF, the
undersigned have hereunto set their hands as of the day and year first above
written.

    

    
      
        
          
            	
                    PIER
      ACQUISITION I, INC.

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Philip
      J. Huml

                  
	 
      	
                    President
      and Director

                  
	 
      	 
      
	
                    PURCHASER

                  
	 
      	 
      
	
                    By:

                  	 
      
	 
      	
                    Name:

                  

          

        

      

    

    
      
         

      

      
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