Promissory Note

Promissory Note

by Implex
February 22nd, 2011
 

Exhibit 10.11(a)
 
 
 
 
 
$ 75,000.00
Due: December 31, 2011
 
Toronto, Ontario
December, 2010
 
FOR VALUE RECEIVED, the undersigned hereby promises to pay to the order of Timothy John Brown as trustee for the T. Brown Family Investment Trust, on the 31st day of December, 2011 the principal amount of $75,000 (Seventy-Five Thousand Dollars) in Canadian funds, together with interest thereon at a rate of twelve percent (12%) per annum, payable on maturity, with interest on overdue interest at the same rate, at the registered office of Consorteum Holdings Inc. in Ontario, Canada.
 
The undersigned hereby waives demand and presentment for payment, notice of non-payment, protest and notice of protest of this note. This note shall be governed and construed by the laws of the Province of Ontario, Canada
 
 
 
Consorteum Holdings, Inc.
 
Per:  /s/ Craig Fielding                         
Craig Fielding, CEO and President
 
 
/s/ Tim Brown                                           
Tim Brown