PREMIUM SECURED CONVERTIBLE NOTE AGREEMENTPremium Secured Convertible Note Agreement • August 19th, 2009 • Genmed Holding Corp • Commercial printing
WHEREAS, as per June 30, 2009, the Company owes Note Holder 1, a total amount of $712,610.97 of which $601,808.82 was lent by Note Holder 1 to the Company, during the period till March 31, 2008, to fund the Company’s operations and $110,802.15 is for unpaid interest for these loans. These loans are unsecured and bears an annual interest of 8%.
