6% INTEREST CONVERTIBLE NOTE MATURITY DATE: October 7, 2016Simlatus Corp • August 15th, 2016 • Gold and silver ores
FOR VALUE RECEIVED, Grid Petroleum Corporation, a Nevada Corporation (the "Company") doing business in Grass Valley, California; hereby promises to pay to the order of Direct Capital Group, Inc., an accredited investor and Colorado Corporation, or its assigns (the "Holder") the principal amount of Twenty Five Thousand Dollars ($25,000.00) (the “Loan”), together with interest thereon at the annual rate of six (6%) percent. The principal amount of the Loan shall be payable on October 7, 2016 (the "Maturity Date"). Interest shall accrue on such principal amount from the date of this Note and shall be payable in full together with the principal amount hereof on the Maturity Date.
