Document:

Unassociated Document

    
      
        

      

    

    CONVERTIBLE
      PROMISSORY NOTE

    

    

    
      	
              DATE:

            	
              June
                28, 2005

            

    

    

    
      	
              MAKER:

            	
              House
                of Brussels Chocolates Inc. 

            

    

    

    MAKER'S
      MAILING ADDRESS:

    

    
      	 	
              One
                Riverway, Suite 1700

            

    

    
      	 	
              Houston,
                Texas 77056

            

    

    

    
      	
              PAYEE:

            	
              Grant
                Petersen (“Holder”)

            

    

    

    PLACE
      FOR PAYMENT: 

    

    
      	 	
              1658
                Fosters Way

            

    

    
      	 	
              Delta,
                BC V3M 6S6

            

    

    

    PRINCIPAL
      AMOUNT:

    

    
      	 	
              Fifty
                Thousand 00/100 Dollars ($
                50,000.00)

            

    

    

    ANNUAL
      INTEREST RATE ON UNPAID

    PRINCIPAL
      BALANCE FROM DATE OF NOTE:   
      WSJ Prime plus 2%

    

    ANNUAL
      INTEREST RATE ON MATURED UNPAID AMOUNTS:   
      WSJ Prime plus 4% per annum

    

    TERMS
      OF PAYMENT:

    

    The
      principal and interest on this Convertible Promissory Note (the “Note”) shall be
      due and payable by Maker to the order of Holder, and shall be paid, subject
      to
      the satisfaction of certain conditions related to the senior obligations as
      discussed herein. 

    

    The
      principal amount of this Note shall be due and payable in full, in two equal
      monthly installments of principal and interest, with the first monthly
      installment due thirty days after the date on which (a) the amount of
      outstanding loans (as defined in the Security Agreement between the Maker and
      Laurus Master Funds, Ltd. (“Laurus”) dated March 29, 2005 and a copy whereof is
      annexed hereto, hereinafter referred to as the “Security Agreement”) first
      becomes equal to or less than the “Formula Amount” as set forth and defined in
      the Security Agreement (the “Date of Maturity”) and (b) no Event of Default
      (having defined in the Security Agreement) has occurred and is continuing under
      any obligations owed to Laurus.

    

    The
      principal repayable under this Note is subordinate to all obligations owed
      by
      Maker to Laurus Master Funds, including certain notes dated March 29, 2005,
      as
      follows:

    

    
      	 	
              1.

            	
              Secured
                Convertible Term Note in the amount of
                $3,500,000;

            

    

    
      	 	
              2.

            	
              Secured
                Revolving Note in the amount of $2,500,000;
                and

            

    

    
      	 	
              3.

            	
              Secured
                Convertible Minimum Borrowing Note in the amount of
                $1,000,000;

            

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    (collectively
      referred to as the “Laurus Notes”).

    

    Payments
      of any sums due to the Holder under the terms of this Note shall be made in
      United States Dollars by check or wire transfer at the option of the Holder.
      Payment shall be made to any account or address in Hong Kong designated by
      the
      Holder any time prior to any payment due hereunder. If any payment hereunder
      would otherwise become due and payable on a day on which banks are closed or
      permitted to be closed in Houston, Texas or in Hong Kong, such payment shall
      become due and payable on the next succeeding day on which banks are open and
      not permitted to be closed in both Houston, Texas and Hong Kong. 

    

    Maker
      reserves the right to prepay the outstanding principal balance of this Note,
      in
      whole or in part, at any time and from time to time, without premium or
      penalty.

    

    Maker
      waives presentment, demand, protest, notice of protest and non-payment or other
      notice of default, notice of acceleration and intention to accelerate or other
      notice of any kind, and agree that their liability under this Note shall not
      be
      affected by any renewal or extension in the time of payment hereof, or in any
      indulgences, and hereby consent to any and all renewals, extensions,
      indulgences, releases or changes, regardless of the number of such renewals,
      extensions, indulgences, releases or changes.

    

    No
      waiver
      by Holder of any of its rights or remedies hereunder or under any other document
      evidencing this Note or otherwise, shall be considered a waiver of any other
      subsequent right or remedy of Holder; no delay or omission in the exercise
      or
      enforcement by Holder of any rights or remedies shall ever be construed as
      a
      waiver of any right or remedy of Holder; and no exercise or enforcement of
      any
      such rights or remedies shall ever be held to exhaust any right or remedy of
      Holder.

    

    For
      so
      long as any sum remains outstanding under this Note, the Holder may at any
      time
      subscribe or procure another party to subscribe for, and the Maker shall
      promptly issue and allot to the Holder (or his nominee), fully paid restricted
      Common Shares of the Maker free from all encumbrances and at the price of $0.90
      per Common Share, and the Holder may apply any outstanding principal, accrued
      interests and/or any other sums payable by the Maker to the Holder under this
      Note (notwithstanding the fact that the same may or may not become due and
      owing
      from the Maker under this Note as at the date of application) in set-off and
      satisfaction of the subscription moneys and all incidental costs and expenses
      payable by the Holder on a dollar-to-dollar basis. 

    

    If
      (a)
      Maker defaults in the payment of any sum due in this Note, then Holder may
      declare the unpaid balance on this Note immediately due, or (b) in the event
      of
      bankruptcy or insolvency or appointment of a receiver of or against the Maker
      or
      any other indebtedness of the Maker is declared to be or is capable of being
      rendered due and payable before its normal maturity, all unpaid principal,
      accrued interest and fees and any other sum then payable under this Note shall,
      subject to the subordination as provided in paragraph 3 of this Note, become
      immediately due and payable, and the Holder may exercise all rights, powers,
      and
      remedies available to Holder under this Note or at law. Maker and each surety,
      endorser, and guarantor waive all demands for payment, presentations for
      payment, notices of intention to accelerate maturity, notices of acceleration
      of
      maturity, protests, notices of dishonour or non-payment and notices of protest,
      to the extent permitted by law. Without prejudice to any other right or remedy
      of the Holder, the Maker shall further be liable to pay to the Holder default
      interest accruing on the amount due and payable on a daily basis from the due
      date to the date of full payment (before and after judgment) at the rate first
      above written. Any payments shall be applied first to outstanding costs and
      fees
      payable hereunder, and then accrued interest, and then balance to the
      principal.

    
      
        
        

      

      
        Convertible
          Promissory Note -- Page 2

        
          

        

      

      
        
        

      

    

    Any
      notice required to the Maker shall be in writing and shall be deemed to have
      been duly given if delivered personally or sent by registered or certified
      mail,
      return receipt requested, postage prepaid, or overnight air courier guaranteeing
      next day delivery to the address hereinabove specified. Notice will commence
      three (3) days after being placed in the United States mail, postage prepaid
      or
      when received if delivered personally or by overnight air courier. The Maker
      may
      designate a new address for purposes of notice if such change of address is
      in
      writing and delivered to the Holder.

    

    If
      this
      Note is given to an attorney for collection or enforcement, or if suit is
      brought for collection or enforcement, or if it is collected or enforced through
      probate, bankruptcy, or other judicial proceeding, then Maker shall pay Holder
      all costs of collection and enforcement, including reasonable attorney's fees
      and court costs, in addition to other amounts due. 

    

    Interest
      on the debt evidenced by this Note shall not exceed the maximum amount of
      nonusurious interest that may be contracted for, taken, reserved, charged,
      or
      received under law; any interest in excess of that maximum amount shall be
      credited on the principal of the debt or, if that has been paid, refunded.
      On
      any acceleration or required or permitted prepayment, any such excess shall
      be
      canceled automatically as of the acceleration or prepayment or, if already
      paid,
      credited on the principal of the debt or, if the principal of the debt has
      been
      paid, refunded. This provision overrides other provisions in this and all other
      instruments concerning the debt.

    

    Interest
      on this Note shall be computed on the principal by reference to successive
      periods (each, an “Interest Period”). Each such Interest Period shall begin on
      the last day of the previous one and shall be of 3 months’ duration provided
      that (a) the first Interest Period shall begin on the date of payment of the
      principal by the Holder, and (b) an Interest Period shall end on each date
      of
      repayment by the Maker hereunder in relation to the principal or a part thereof
      not less than the repayment installments due on that date. The rate of interest
      applicable to all or any part of a particular Interest Period shall be the
      rate
      first above written quoted from time to time, unless the highest lawful rate
      permitted under applicable law would thereby be exceeded, in which event, to
      the
      extent necessary to avoid exceeding the highest lawful rate permitted under
      applicable law, interest shall be computed on the basis of the actual number
      of
      days elapsed in the applicable calendar year in which accrued. On the last
      day
      of each Interest Period, the Maker shall, notwithstanding the provisions on
      the
      subordination as set forth in paragraph 2 of this Note or the Subordination
      Agreement of even date to be entered into between the Holder and Laurus, pay
      the
      unpaid interest accrued during that Interest Period on the sums due to which
      it
      relates at the rate(s) applicable to that Interest Period.

    

    In
      the
      event any provision of this Note (or any part of any provision) is held by
      a
      court of competent jurisdiction to be invalid, illegal, or unenforceable in
      any
      respect, such invalidity, illegality, or unenforceability shall not affect
      any
      other provision (or remaining part of the affected provision) of this Note;
      but
      this Note shall be construed as if such invalid, illegal, or unenforceable
      provision (or part thereof) had not been contained in this Note, but only to
      the
      extent it is invalid, illegal, or unenforceable.

    
      
        
        

      

      
        Convertible
          Promissory Note -- Page 3

        
          

        

      

      
        
        

      

    

    Each
      right, power, and remedy of the Holder as provided for in this Note, or now
      or
      hereafter existing under any applicable law or otherwise shall be cumulative
      and
      concurrent and shall be in addition to every other right, power, or remedy
      provided for in this Note now or hereafter existing under any applicable law,
      and the exercise or beginning of the exercise by the Holder of any one or more
      of such rights, powers, or remedies shall not preclude the simultaneous or
      later
      exercise by the Holder of any or all such other rights, powers, or remedies.
      No
      failure or delay by the Holder to insist upon the strict performance of any
      term, condition, covenant, or agreement of this Note, or to exercise any right,
      power, or remedy consequent upon a breach thereof, shall constitute a waiver
      of
      any such term, condition, covenant, or agreement or of any such breach, or
      preclude the Holder from exercising any such right, power, or remedy at a later
      time or times. By accepting payment after the due date of any amount payable
      under the terms of this Note, the Holder shall not be deemed to waive the right
      either to require prompt payment when due of all other amounts payable under
      the
      terms of this Note or to declare an event of default for the failure to effect
      such prompt payment of any such other amount. No course of dealing or conduct
      shall be effective to amend, modify, waive, release, or change any provisions
      of
      this Note.

    

    Each
      Maker and all sureties and endorsers of this Note, and each party hereafter
      assuming or otherwise becoming liable hereon: (i) agree to any substitution,
      exchange or release of any security or the release of any party primarily or
      secondarily liable hereon; (ii) agree that the Holder or other holder hereof
      shall not be required first to institute suit or exhaust its remedies hereon
      against the Maker or others liable or to become liable hereon or enforce its
      rights against any security herefor in order to enforce payment of this Note
      by
      it; and (iii)consent to any extensions or postponement of time of payment of
      this Note and to any other indulgence with respect hereto without notice thereof
      to any of them.

    

    This
      Note
      shall benefit and bind the Maker and the Holder, their permitted assignees
      and
      respective successors. The Maker shall not assign or transfer all or part of
      its
      rights or obligations under this Note. The Holder may at any time assign or
      novate all or part of the principal advanced hereunder and/or his rights
      hereunder to any person or entity without the consent of the Maker.

    

    The
      law
      of the State of Texas shall apply to this Note and its construction and
      interpretation. 

    

    When
      the
      context requires, singular nouns and pronouns include the plural.

    

    Time
      is
      of the essence in all obligations of the Maker herein contained.

     

    
      	 	MAKER: 
	 	 	 
	 	HOUSE
              OF
              BRUSSELS CHOCOLATES
              INC. 
	 	 	 
	 	 	 
	 	
                

            	
                

            
	 	
              By:

            	
              Robert
                Wesolek

            
	 	
              Its:

            	
              Chief
                Financial Officer

            

    

     

    Convertible
      Promissory Note -- Page 4Unassociated Document

    
      
        

      

      CONVERTIBLE
        PROMISSORY NOTE

      

      

      
        	
                DATE:

              	
                June
                  28, 2005

              

      

      

      
        	
                MAKER:

              	
                House
                  of Brussels Chocolates Inc. 

              

      

      

      MAKER'S
        MAILING ADDRESS:

      

      
        	 	
                One
                  Riverway, Suite 1700

              

      

      
        	 	
                Houston,
                  Texas 77056

              

      

      

      
        	
                PAYEE:

              	
                Richard
                  John Siemens (“Holder”)

              

      

      

      PLACE
        FOR PAYMENT: 

      

      
        	 	
                3100
                  Vancouver Centre

              

      

      
        	 	
                650
                  W. Georgia Street

              

      

      
        	 	
                Vancouver,
                  BC V6B 6L7

              

      

      

      PRINCIPAL
        AMOUNT:

      

      
        	 	
                Two
                  Hundred and Fifty Thousand 00/100 Dollars ($
                  250,000.00)

              

      

      

      ANNUAL
        INTEREST RATE ON UNPAID

      PRINCIPAL
        BALANCE FROM DATE OF NOTE:  
        WSJ Prime plus 2%

      

      ANNUAL
        INTEREST RATE ON MATURED UNPAID AMOUNTS:  
        WSJ Prime plus 4% per annum

      

      TERMS
        OF PAYMENT:

      

      The
        principal and interest on this Convertible Promissory Note (the “Note”) shall be
        due and payable by Maker to the order of Holder, and shall be paid, subject
        to
        the satisfaction of certain conditions related to the senior obligations
        as
        discussed herein. 

      

      The
        principal amount of this Note shall be due and payable in full, in two equal
        monthly installments of principal and interest, with the first monthly
        installment due thirty days after the date on which (a) the amount of
        outstanding loans (as defined in the Security Agreement between the Maker
        and
        Laurus Master Funds, Ltd. (“Laurus”) dated March 29, 2005 and a copy whereof is
        annexed hereto, hereinafter referred to as the “Security Agreement”) first
        becomes equal to or less than the “Formula Amount” as set forth and defined in
        the Security Agreement (the “Date of Maturity”) and (b) no Event of Default
        (having defined in the Security Agreement) has occurred and is continuing
        under
        any obligations owed to Laurus.

      

      The
        principal amount repayable under this Note is subordinate to all obligations
        owed by Maker to Laurus Master Funds, including certain notes dated March
        29,
        2005, as follows:

      

      
        	 	
                1.

              	
                Secured
                  Convertible Term Note in the amount of
                  $3,500,000;

              

      

      
        	 	
                2.

              	
                Secured
                  Revolving Note in the amount of $2,500,000;
                  and

              

      

      
        	 	
                3.

              	
                Secured
                  Convertible Minimum Borrowing Note in the amount of
                  $1,000,000;

              

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      (collectively
        referred to as the “Laurus Notes”).

      

      Payments
        of any sums due to the Holder under the terms of this Note shall be made
        in
        United States Dollars by check or wire transfer at the option of the Holder.
        Payment shall be made to any account or address in Hong Kong designated by
        the
        Holder any time prior to any payment due hereunder. If any payment hereunder
        would otherwise become due and payable on a day on which banks are closed
        or
        permitted to be closed in Houston, Texas or in Hong Kong, such payment shall
        become due and payable on the next succeeding day on which banks are open
        and
        not permitted to be closed in both Houston, Texas and Hong Kong. 

      

      Maker
        reserves the right to prepay the outstanding principal balance of this Note,
        in
        whole or in part, at any time and from time to time, without premium or
        penalty.

      

      Maker
        waives presentment, demand, protest, notice of protest and non-payment or
        other
        notice of default, notice of acceleration and intention to accelerate or
        other
        notice of any kind, and agree that their liability under this Note shall
        not be
        affected by any renewal or extension in the time of payment hereof, or in
        any
        indulgences, and hereby consent to any and all renewals, extensions,
        indulgences, releases or changes, regardless of the number of such renewals,
        extensions, indulgences, releases or changes.

      

      No
        waiver
        by Holder of any of its rights or remedies hereunder or under any other document
        evidencing this Note or otherwise, shall be considered a waiver of any other
        subsequent right or remedy of Holder; no delay or omission in the exercise
        or
        enforcement by Holder of any rights or remedies shall ever be construed as
        a
        waiver of any right or remedy of Holder; and no exercise or enforcement of
        any
        such rights or remedies shall ever be held to exhaust any right or remedy
        of
        Holder.

      

      For
        so
        long as any sum remains outstanding under this Note, the Holder may at any
        time
        subscribe or procure another party to subscribe for, and the Maker shall
        promptly issue and allot to the Holder (or his nominee), fully paid restricted
        Common Shares of the Maker free from all encumbrances and together with all
        rights and benefits attached thereto at the price of $0.90 per Common Share,
        and
        the Holder may apply any outstanding principal, accrued interests and/or
        any
        other sums payable by the Maker to the Holder under this Note (notwithstanding
        the fact that the same may or may not become due and owing from the Maker
        under
        this Note as at the date of application) in set-off and satisfaction of the
        subscription moneys and all incidental costs and expenses payable by the
        Holder
        on a dollar-to-dollar basis. 

      

      If
        (a)
        Maker defaults in the payment of any sum due in this Note, then Holder may
        declare the unpaid balance on this Note immediately due, or (b) in the event
        of
        bankruptcy or insolvency or appointment of a receiver of or against the Maker
        or
        any other indebtedness of the Maker is declared to be or is capable of being
        rendered due and payable before its normal maturity, all unpaid principal,
        accrued interest and fees and any other sum then payable under this Note
        shall,
        subject to the subordination as provided in this Note, become immediately
        due
        and payable, and the Holder may exercise all rights, powers, and remedies
        available to Holder under this Note or at law. Maker and each surety, endorser,
        and guarantor waive all demands for payment, presentations for payment, notices
        of intention to accelerate maturity, notices of acceleration of maturity,
        protests, notices of dishonor or non-payment and notices of protest, to the
        extent permitted by law. Without prejudice to any other right or remedy of
        the
        Holder, the Maker shall further be liable to pay to the Holder default interest
        accruing on the amount due and payable on a daily basis from the due date
        to the
        date of full payment (before and after judgment) at the rate first above
        written. Any payments shall be applied first to outstanding costs and fees
        payable hereunder, and then accrued interest, and then balance to the
        principal.

      
        
          
          

        

        
          Convertible
            Promissory Note -- Page 2

          
            

          

        

        
          
          

        

      

      Any
        notice required to the Maker shall be in writing and shall be deemed to have
        been duly given if delivered personally or sent by registered or certified
        mail,
        return receipt requested, postage prepaid, or overnight air courier guaranteeing
        next day delivery to the address hereinabove specified. Notice will commence
        three (3) days after being placed in the United States mail, postage prepaid
        or
        when received if delivered personally or by overnight air courier. The Maker
        may
        designate a new address for purposes of notice if such change of address
        is in
        writing and delivered to the Holder.

      

      If
        this
        Note is given to an attorney for collection or enforcement, or if suit is
        brought for collection or enforcement, or if it is collected or enforced
        through
        probate, bankruptcy, or other judicial proceeding, then Maker shall pay Holder
        all costs of collection and enforcement, including reasonable attorney's
        fees
        and court costs, in addition to other amounts due. 

      

      Interest
        on the debt evidenced by this Note shall not exceed the maximum amount of
        nonusurious interest that may be contracted for, taken, reserved, charged,
        or
        received under law; any interest in excess of that maximum amount shall be
        credited on the principal of the debt or, if that has been paid, refunded.
        On
        any acceleration or required or permitted prepayment, any such excess shall
        be
        canceled automatically as of the acceleration or prepayment or, if already
        paid,
        credited on the principal of the debt or, if the principal of the debt has
        been
        paid, refunded. This provision overrides other provisions in this and all
        other
        instruments concerning the debt.

      

      Interest
        on this Note shall be computed on the principal by reference to successive
        periods (each, an “Interest Period”). Each such Interest Period shall begin on
        the last day of the previous one and shall be of 3 months’ duration provided
        that (a) the first Interest Period shall begin on the date of payment of
        the
        principal by the Holder, and (b) an Interest Period shall end on each date
        of
        repayment by the Maker hereunder in relation to the principal or a part thereof
        not less than the repayment installments due on that date. The rate of interest
        applicable to all or any part of a particular Interest Period shall be the
        rate
        first above written quoted from time to time, unless the highest lawful rate
        permitted under applicable law would thereby be exceeded, in which event,
        to the
        extent necessary to avoid exceeding the highest lawful rate permitted under
        applicable law, interest shall be computed on the basis of the actual number
        of
        days elapsed in the applicable calendar year in which accrued. On the last
        day
        of each Interest Period, the Maker shall, notwithstanding the provisions
        on the
        subordination as set forth in this Note or the Subordination Agreement of
        even
        date herewith between the Holder and Laurus (the “Subordination Agreement”), pay
        the unpaid interest accrued during that Interest Period on the sums due to
        which
        it relates at the rate(s) applicable to that Interest Period.

      

      In
        the
        event any provision of this Note (or any part of any provision) is held by
        a
        court of competent jurisdiction to be invalid, illegal, or unenforceable
        in any
        respect, such invalidity, illegality, or unenforceability shall not affect
        any
        other provision (or remaining part of the affected provision) of this Note;
        but
        this Note shall be construed as if such invalid, illegal, or unenforceable
        provision (or part thereof) had not been contained in this Note, but only
        to the
        extent it is invalid, illegal, or unenforceable.

      
        
          
          

        

        
          Convertible
            Promissory Note -- Page 3

          
            

          

        

        
          
          

        

      

      Each
        right, power, and remedy of the Holder as provided for in this Note, or now
        or
        hereafter existing under any applicable law or otherwise shall be cumulative
        and
        concurrent and shall be in addition to every other right, power, or remedy
        provided for in this Note now or hereafter existing under any applicable
        law,
        and the exercise or beginning of the exercise by the Holder of any one or
        more
        of such rights, powers, or remedies shall not preclude the simultaneous or
        later
        exercise by the Holder of any or all such other rights, powers, or remedies.
        No
        failure or delay by the Holder to insist upon the strict performance of any
        term, condition, covenant, or agreement of this Note, or to exercise any
        right,
        power, or remedy consequent upon a breach thereof, shall constitute a waiver
        of
        any such term, condition, covenant, or agreement or of any such breach, or
        preclude the Holder from exercising any such right, power, or remedy at a
        later
        time or times. By accepting payment after the due date of any amount payable
        under the terms of this Note, the Holder shall not be deemed to waive the
        right
        either to require prompt payment when due of all other amounts payable under
        the
        terms of this Note or to declare an event of default for the failure to effect
        such prompt payment of any such other amount. No course of dealing or conduct
        shall be effective to amend, modify, waive, release, or change any provisions
        of
        this Note.

      

      Each
        Maker and all sureties and endorsers of this Note, and each party hereafter
        assuming or otherwise becoming liable hereon: (i) agree to any substitution,
        exchange or release of any security or the release of any party primarily
        or
        secondarily liable hereon; (ii) agree that the Holder or other holder hereof
        shall not be required first to institute suit or exhaust its remedies hereon
        against the Maker or others liable or to become liable hereon or enforce
        its
        rights against any security herefor in order to enforce payment of this Note
        by
        it; and (iii)consent to any extensions or postponement of time of payment
        of
        this Note and to any other indulgence with respect hereto without notice
        thereof
        to any of them.

      

      This
        Note
        shall benefit and bind the Maker and the Holder, their permitted assignees
        and
        respective successors. The Maker shall not assign or transfer all or part
        of its
        rights or obligations under this Note. The Holder may at any time assign
        or
        novate all or part of the principal advanced hereunder and/or his rights
        hereunder to any person or entity without the consent of the Maker. In the
        event
        Holder assigns any part of this Note, Holder agrees that the principal amount
        hereunder shall continue to be subordinated to all obligations owed by Maker
        to
        Laurus further described in the Subordination Agreement of even date herewith
        by
        and between Holder and Laurus (the “Subordination Agreement”). At the time of
        any such assignment, any such assignee will confirm in writing its agreement
        to
        be bound by the Subordination Agreement.

      

      The
        law
        of the State of Texas shall apply to this Note and its construction and
        interpretation. 

      

      When
        the
        context requires, singular nouns and pronouns include the plural.

      

      Time
        is
        of the essence in all obligations of the Maker herein contained.

      

      
        	 	
                MAKER:

              
	 	 	 
	 	
                HOUSE
                  OF BRUSSELS CHOCOLATES INC.

              
	 	 	 
	 	 	 
	 	
                 

              	
                 

              
	 	
                By:
                  

              	
                Robert
                  Wesolek

              
	 	
                Its:

              	
                Chief
                  Financial Officer

              

      

       

      Convertible
        Promissory Note -- Page 4

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]