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PROMISSORY NOTE ("NOTE")-10% SIMPLE INTEREST
$ | 6000 | 12/3/2019 |
For VALUERECENED,Pine Hills, Inc.("Borrower")promisestopay to BSTPartners("Lender") the principal sum of$6000 with accrued simple interest at the rate of10%percent per annum on thebalance. Toesaidprincipal andaccrued interest shall bepayable inlawful money ofthe UnitedStates ofAmericaonDecember3, 2020.This Note maybe prepaidin wholeorin partat any time without premium or penalty. The Borrower hereby waives any noticeofthe transfer of this Note by the Lender or by any subsequent holder ofthis Note,agrees to remain boundbytheterms ofthis Note subsequentto any transfer,and agreesthatthe termsof this Note may be fullyenforced by any subsequentholderofthisNote.Allterms and conditions ofthis Noteshall beinterpretedunder the laws of the state of California and venue shallbethe state of California.
Pine Hills, Inc.-Borrower
/s/Heather Cassady
Chief Executive Officer
Accepted By:
BST Partners Inc.
/s/David Koos
DavidR.Koos Chairman&CEO