Exhibit 4.9
PROMISSORY NOTE
$5,000.00 Date: November 15, 2000
For value received, the undersigned MariCulture Systems, Inc. (the "Borrower"),
at PO Box 968, Lake Stevens, Washington 98258-0968, promises to pay to the order
of Elaine Louise Meilahn, (the "Lender"), at 7219 196th Street SW, #C-3,
Lynnwood, Washington 98036-4402, (or at such other place as the Lender may
designate in writing) the sum of $5,000.00 with interest calculated separately
on the unpaid principal of the loan dating from the date of inception, at the
rate of 12.00% per annum.
The individual loan that have been made to the Borrower is itemized as follows:
$5,000.00 on 11/15/2000.
The unpaid principal and accrued interest shall be payable in full on any future
date on which the Lender demands repayment (the "Due Date").
All payments on this Note shall be applied first in payment of accrued interest
and any remainder in payment of principal.
The Borrower reserves the right to prepay this Note (in whole or in part) prior
to the Due Date with no prepayment penalty.
If any payment obligation under this Note is not paid when due, the Borrower
promises to pay all costs of collection, including reasonable attorney fees,
whether or not a lawsuit is commenced as part of the collection process.
If any one or more of the provisions of this Note are determined to be
unenforceable, in whole or in part, for any reason, the remaining provisions
shall remain fully operative.
All payments of principal and interest on this Note shall be paid in the legal
currency of the United States. The Borrower waives presentment for payment,
protest, and notice of protest and nonpayment of this Note.
No renewal or extension of this Note, delay in enforcing any right of the Lender
under this Note, or assignment by Lender of this Note shall affect the liability
or the obligations of the Borrower. All rights of the Lender under this Note are
cumulative and may be exercised concurrently or consecutively at the Lender's
option.
This Note shall be construed in accordance with the laws of the State of
Washington.
Signed this 1st day of December, 2000, at Lake Stevens, WA
Borrower:
MariCulture Systems, Inc.
By: /s/ David E. Meilahn
President
