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PROMISSORY NOTE("NOTE") - 10%SIMPLEINTEREST
$ | 600 | 12/23/2019 |
For VALUERECEIVED,PineHills,Inc. ("Borrower") promisestopay toBST Partners("Lender")theprincipal sum of$600withaccruedsimpleinterestatthe rateof10% percentperannum on thebalance. Thesaidprincipaland accrued interest shallbe payable inlawfulmoney oftheUnitedStatesof America on December 23, 2020. This Note may be prepaidinwhole or in partatanytimewithout premium or penalty.TheBorrower hereby waives any notice ofthetransfer ofthis Note by the Lenderorbyany subsequent holder ofthisNote,agreestoremain boundbytheterms or this Note subsequent to anytransfer,and agrees that the terms of this Note may be fully enforced byanysubsequent holderof thisNote. All terms and conditionsofthisNoteshall beinterpretedunder thelaws ofthestate ofCaliforniaandvenueshall bethestate of California.
Pine Hills, Inc. - Borrower
/s/Heather Cassady
Chief Executive Officer
Accepted By:
/s/David R. Koos
DavidR.Koos Chairman&CEO