10% Senior Promissory Note Sample Contracts

Contract (October 29th, 2010)

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), APPLICABLE STATE SECURITIES LAWS, OR APPLICABLE LAWS OF ANY FOREIGN JURISDICTION. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS AND IN THE ABSENCE OF COMPLIANCE WITH APPLICABLE LAWS OF ANY FOREIGN JURISDICTION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR SUCH FOREIGN JURISDICTION LAWS HAVE BEEN SATISFIED.

Comprehensive Care – 10% Senior Promissory Note (June 22nd, 2010)

promises to pay to the order of the Linda S. Vogt Indenture Trust, the principal sum of $68,475.00 (Sixty-Eight Thousand Four Hundred Seventy-Five Dollars and No Cents) on April 15, 2012 in accordance with the terms and provisions attached hereto and incorporated herein.

Comprehensive Care – 10% Senior Promissory Note (June 15th, 2010)

promises to pay to the order of the Schwarting Revocable Trust, the principal sum of $10,375.00 (Ten Thousand Three Hundred Seventy-Five Dollars and No Cents) on April 15, 2012 in accordance with the terms and provisions attached hereto and incorporated herein.

Comprehensive Care – 10% Senior Promissory Note (June 15th, 2010)

promises to pay to the order of James A. & Rosemary L. Meyer Trust, the principal sum of $72,625.00 (Seventy-Two Thousand Six Hundred Twenty-Five Dollars and No Cents) on April 15, 2012 in accordance with the terms and provisions attached hereto and incorporated herein.

Comprehensive Care – 10% Senior Promissory Note (May 6th, 2010)

promises to pay to the order of Lloyd I. Miller, III, the principal sum of $ ( Dollars and Cents) on April 15, 2012 in accordance with the terms and provisions attached hereto and incorporated herein.

Iaso Pharma Inc – Contract (April 15th, 2010)

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), APPLICABLE STATE SECURITIES LAWS, OR APPLICABLE LAWS OF ANY FOREIGN JURISDICTION. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS AND IN THE ABSENCE OF COMPLIANCE WITH APPLICABLE LAWS OF ANY FOREIGN JURISDICTION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR SUCH FOREIGN JURISDICTION LAWS HAVE BEEN SATISFIED.

Iaso Pharma Inc – Contract (April 15th, 2010)

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "SECURITIES ACT"), APPLICABLE STATE SECURITIES LAWS, OR APPLICABLE LAWS OF ANY FOREIGN JURISDICTION. THIS NOTE HAS BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO DISTRIBUTION OR RESALE, AND MAY NOT BE OFFERED, SOLD, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT AND ANY APPLICABLE STATE SECURITIES LAWS AND IN THE ABSENCE OF COMPLIANCE WITH APPLICABLE LAWS OF ANY FOREIGN JURISDICTION, OR AN OPINION OF COUNSEL SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED OR SUCH FOREIGN JURISDICTION LAWS HAVE BEEN SATISFIED.

SMARTHEAT INC. SHENYANG TAIYU MACHINERY & ELECTRONIC CO, LTD 10% Senior Promissory Note (July 7th, 2009)

For value received, SMARTHEAT INC., a Nevada corporation, and Taiyu Machinery & Electronic Equipment Co, Ltd.., a company organized under the Peoples Republic of China (jointly and severally, the " Maker"), hereby promises to pay to the order of Strong Growth Capital, Ltd, a British Virgin Islands company with an address of Akara Bldg, 24 De Castro Street, Wickhams Cay 1, Road Town, Tortola, British Virgin Islands (together with its successors, representatives, and permitted assigns, the "Holder"), in accordance with the terms hereinafter provided and subject to the terms and conditions of the Senior Loan Agreement by and between the Maker and the Holder, dated the even date hereof (the "Senior Note Agreement"), the principal amount of NINE MILLION U.S. DOLLARS AND ZERO CENTS (U.S.$9,000,000.00), together with interest thereon.