Attached files
Exhibit 99.3
PROMISSORY NOTE
FOR VALUE RECEIVED, the
undersigned promises to pay to the order of Morrison Partners, LLC, the sum of
Ten Thousand ($10,000) Dollars, with annual interest at 5% on the unpaid
balance. In addition, Morrison Partners, LLC will receive an equity
interest of 55,400 restricted shares of the Organic Alliance Inc.'s common
stock. The full unpaid principal and any earned interest shall be fully
due and immediately payable on June 30, 2010.
This Promissory Note is
unsecured.
Upon failure to make payment
within 15 days of demand, and should this note be turned over for collection,
the undersigned shall pay all reasonable legal fees and costs of
collection. All parties to this note waived presentment, demand, notice of
non payment, protest and notice of protest, and agree to remain fully bound
notwithstanding the release of any party or extension, indulgence, modification
of terms, or discharge of any collateral for this note. The undersigned
shall be jointly and severally liable under this note.
Signed this 30th day of November, 2009
In
the presence of:
|
Morrison Partners,
LLC
Lender
|
Parker Booth,
President and COO
Organic Alliance, Inc.
Borrower
|
|
| Agreed: | Agreed: | |
| /s/ Morrison | /s/ Parker Booth |