PROMISSORY NOTEInnolog Holdings Corp. • May 20th, 2013 • Services-computer integrated systems design
FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation (“IHC”) and Innovative Logistics Techniques, Inc. (“Innolog”) (together the “Maker”), and Ian Reynolds as Guarantor (“Guarantor”), each jointly and severally promise to pay to the Kay M. Gumbinner Trust (“Holder”), at such place as Holder may later designate in writing, in lawful money of the United States, the principal sum of TWENTY-FIVE THOUSAND US DOLLARS ($25,000.00) (“Principal Amount”) in accordance with this promissory note (the “Note”) under the terms set forth herein. Holder may offset any prior amounts owed in providing the Principal Amount. All of the obligations directly or indirectly due to Holder hereunder and in connection with the transactions contemplated hereby and all obligations owed to affiliates of Holder in connection with this or any other loan (including guarantees), including without limitation principal, interest, fees, past due fees, settlement amounts, purchase prices, payments under any gua
PROMISSORY NOTEInnolog Holdings Corp. • May 20th, 2013 • Services-computer integrated systems design
FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation (“IHC”) and Innovative Logistics Techniques, Inc. (“Innolog”) (together the “Maker”), and William P. Danielczyk (“WPD”) and Fred R. Gumbinner (“FRG”) (WPD and FRG together are the “Guarantors”) as guarantors, each jointly and severally promise to pay to Sunjay Berdia (“Holder”), at such place as Holder may later designate in writing, in lawful money of the United States, the principal sum of TWENTY-FIVE THOUSAND US DOLLARS ($25,000.00) (“Principal Amount”) in accordance with this promissory note (the “Note”) under the terms set forth herein. All of the obligations directly or indirectly due to Holder hereunder and in connection with the transactions contemplated hereby, including without limitation principal, interest, fees, costs and expenses, are collectively referred to as the “Obligations.”
PROMISSORY NOTEInnolog Holdings Corp. • May 20th, 2013 • Services-computer integrated systems design
FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation (“IHC”) and Innovative Logistics Techniques, Inc. (“Innolog”) (together the “Maker”), and Fred Gumbinner and William Danielczyk as Guarantors (“Guarantors”), each jointly and severally promise to pay to the Andrea S. Ballantine (“Holder”), at such place as Holder may later designate in writing, in lawful money of the United States, the principal sum of TEN THOUSAND US DOLLARS ($10,000.00) (“Principal Amount”) in accordance with this promissory note (the “Note”) under the terms set forth herein. Holder may offset any prior amounts owed in providing the Principal Amount. All of the obligations directly or indirectly due to Holder hereunder and in connection with the transactions contemplated hereby and all obligations owed to affiliates of Holder in connection with this or any other loan (including guarantees), including without limitation principal, interest, fees, past due fees, settlement amounts, purchase prices, payme
