0001199835-04-000461 Sample Contracts

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EXHIBIT 3.5 Promissory Note PROMISSORY NOTE Borrower: Sew Cal Logo, Inc. Lender: Richard & Judy Songer 207 West 138th St. 301 Camino Bravado Los Angeles, CA 90061 San Clemente, CA 92673 Effective Date: March 1, 2004 Due Date: March 1, 2005 Amount:...
Sew Cal Logo Inc • August 23rd, 2004 • Retail-family clothing stores

This note is payable in U.S. Dollars and is collateralized by the assets of the company, including but not limited to: any and all equipment owned by the company, inventory, and outstanding receivables. This note shall be subordinated by any balance due on unpaid notes, including any provisions therein, to United Commercial Bank, 199 S. Los Robles Ave., Suite 580, Pasadena, CA 91101. Upon payment in full of said notes to United Commercial Bank, all accrued interest and the principal amount shall become due and payable immediately upon demand, regardless of maturity date.

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