Mota Group, Inc. - FORM S-1/A - EX-10.17 - EXHIBIT 10.17 - October 21, 2016

Attached files

file filename
EX-10.7 - EXHIBIT 10.7 - Mota Group, Inc.v450739_ex10-7.htm
EX-23.1 - EXHIBIT 23.1 - Mota Group, Inc.v450739_ex23-1.htm
EX-10.16 - EXHIBIT 10.16 - Mota Group, Inc.v450739_ex10-16.htm
EX-10.15 - EXHIBIT 10.15 - Mota Group, Inc.v450739_ex10-15.htm
EX-10.14 - EXHIBIT 10.14 - Mota Group, Inc.v450739_ex10-14.htm
EX-10.13 - EXHIBIT 10.13 - Mota Group, Inc.v450739_ex10-13.htm
EX-10.12 - EXHIBIT 10.12 - Mota Group, Inc.v450739_ex10-12.htm
EX-10.11 - EXHIBIT 10.11 - Mota Group, Inc.v450739_ex10-11.htm
EX-10.10 - EXHIBIT 10.10 - Mota Group, Inc.v450739_ex10-10.htm
EX-10.9 - EXHIBIT 10.9 - Mota Group, Inc.v450739_ex10-9.htm
EX-10.8 - EXHIBIT 10.8 - Mota Group, Inc.v450739_ex10-8.htm
EX-10.6 - EXHIBIT 10.6 - Mota Group, Inc.v450739_ex10-6.htm
EX-10.3 - EXHIBIT 10.3 - Mota Group, Inc.v450739_ex10-3.htm
EX-10.2 - EXHIBIT 10.2 - Mota Group, Inc.v450739_ex10-2.htm
EX-10.1 - EXHIBIT 10.1 - Mota Group, Inc.v450739_ex10-1.htm
EX-4.1 - EXHIBIT 4.1 - Mota Group, Inc.v450739_ex4-1.htm
EX-1.1 - EXHIBIT 1.1 - Mota Group, Inc.v450739_ex1-1.htm
S-1/A - S-1/A - Mota Group, Inc.v450739_s1a.htm

 

Exhibit 10.17

 

Summary Promissory Note

 

Date: February 19, 2012

By: Email

 

Attn: UNorth LLC

274 E Hamilton Ave, Suite A

Campbell, CA 95008

 

RESOLVED, that LLC would borrow amount of $76,000 from Lily Ju on February 19, 2012. LLC agrees to pay back the amount by March 19, 2012 with annual interest rate of 14% calculated on daily basis. The payment schedule will be as follows:

 

Borrowed Amount: $76,000

Interest: 14.00%

Estimated Value on 03/19/12: $76,886

Daily Interest Rate: 0.038%

 

Should the LLC pay the amount later than the above date, the interest will continue to be calculated on daily basis. In addition, amount of $4,125 will be added as bonus to the payment upon paying back the amount.

 

/s/ Michael Faro  
Michael Faro  
Managing Member  
UNorth LLC  

 

  UNorth® LLC
  PO Box 1116, Campbell, CA 95009
  1.888.324.2787 tel
  1.408.378.7629 fax
  www.unorth.com