Attached files
| file | filename |
|---|---|
| 8-K - INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. | v208833_8k.htm |
| EX-99.I - INTEGRATED ENVIRONMENTAL TECHNOLOGIES, LTD. | v208833_ex99-i.htm |
Promissory
Note
|
$200,000
|
January 5,
2011
|
FOR VALUE
RECEIVED, the undersigned, Integrated Environmental Technologies, Ltd., a Nevada
corporation (hereinafter referred to as “Borrower”), promises to pay to the
order of Zanett Opportunity Fund, Ltd. (hereinafter referred to as “Lender”), at
its offices at Canon’s Court, 22 Victoria Street, PO Box HM 1179, Hamilton HM
EX, Bermuda, the principal sum of Two Hundred Thousand Dollars ($200,000) plus
accrued interest in lawful money of The United States of America.
This
promissory note (the “Note”) shall bear interest from the date hereof on the
principal amount at the rate per annum of twelve percent (6.0%) until April 5,
2011, the due date.
This Note
is the promissory note referred to in, and is entitled to the benefits of, the
Loan Agreement, dated as of January 5, 2011, between the Borrower and the
Lender, which has been duly authorized.
The
Borrower hereunder hereby waives presentment, protest, notice of protest, and
notice of any kind whatsoever. The Borrower shall pay all reasonable
costs of collection, including, without limitation, court costs, reasonable
attorneys fees and expenses, and all other expenses of collection permitted by
law.
This Note
may not be modified or terminated orally.
INTEGRATED
ENVIRONMENTAL TECHNOLOGIES, LTD.
By________________________
William
E Prince, President