DEMAND NOTEAvicena Group, Inc. • August 24th, 2005 • Medicinal chemicals & botanical products
FOR VALUE RECEIVED, the undersigned, The Avicena Group, Inc., having an address 228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301 (the “Borrower”), hereby promises to pay on demand to the order of 401 Capital Partners Inc., having an address of 482 Elizabeth St., Suite 200 Burlington, Ontario L7R 2M2, Canada (the “Lender”) the principal sum of One Hundred Fifty Thousand Dollars ($150,000) (All monetary amounts herein are expressed in U.S. Dollars). Interest on the outstanding principal amount shall accrue at the rate of six percent (6%) per annum, payable on the last business day of March, June, September and December for so long as this Note shall remain outstanding.
