Non-Recourse Secured Note Sample Contracts
EXHIBIT 10.13 NON-RECOURSE SECURED NOTE I ---------------------------Non-Recourse Secured Note • April 15th, 1997 • Environmental Power Corp • Cogeneration services & small power producers
Contract Type FiledApril 15th, 1997 Company IndustryFOR VALUE RECEIVED, Environmental Power Corporation, a Delaware corporation ("Maker"), promises to pay WITHOUT RECOURSE and WITHOUT INTEREST to Neil W. Hedrick, Richard Mase and Sylvia B. Mase (collectively "Holder") the sum of TWO HUNDRED TWENTY THOUSAND and 00/100 DOLLARS ($220,000.00), ON DEMAND after the CONDITION DATE.
