Attached files
file | filename |
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EXCEL - IDEA: XBRL DOCUMENT - Kenergy Scientific, Inc. | Financial_Report.xls |
10-Q - Kenergy Scientific, Inc. | knsc10q930.htm |
EX-10.3 - SECURITIES TRANSFER AGREEMENT - Kenergy Scientific, Inc. | ex103.htm |
EX-10.4 - PROMISSORY NOTE - Kenergy Scientific, Inc. | ex104.htm |
EX-10.6 - SEPTEMBER 28, 2012 - Kenergy Scientific, Inc. | ex106.htm |
EX-10.2 - PROMISSORY NOTE - Kenergy Scientific, Inc. | ex102.htm |
EX-10.5 - SEPTEMBER 28, 2012 - Kenergy Scientific, Inc. | ex105.htm |
Exhibit 10.1
PROMISSORY NOTE
July 22, 2012 $ 25,000.00
Whereas Fred Erxleben (“Lender”), having an address of 2 Bay Harbor Blvd. Brick, New Jersey 08732, has loaned $ 25,000.00 to Kenergy Scientific, Inc., formerly SpeechSwitch, Inc. (“Borrower”), a New Jersey corporation, having an address of 6 Minneakoning Rd., Flemington, NJ 08822 on this 2nd day of August, 2012, receipt of which is acknowledged;
Now, Therefore, the parties agree as follows:
Borrower shall pay Lender the full sum of $ 25,000.00, plus 10 % per annum interest on or before January 25, 2013. In the event that Borrower fails to make payment in full on that date, then this Note shall automatically become a default instrument and Lender may take whatever action he may elect to recover his loss, including legal action, with continuing accrual of 7 % per annum interest, and attorney’s fees.
Date: July 22, 2012 | Kenergy Scientific, Inc. |
By: /s/ Kenneth Glynn | |
Kenneth Glynn Chief Executive Officer and Chief Financial Officer |