Organic Alliance, Inc. - FORM 8-K - EX-99.5 - PROMISSORY NOTE - MIKE ROSENTHAL DATED DECEMBER 11, 2009 - February 2, 2010

Attached files

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8-K - ORGANIC ALLIANCE, INC. FORM 8-K DATED OCTOBER 16, 2009 - Organic Alliance, Inc.oai8k101609.htm
EX-99.3 - PROMISSORY NOTE - TOM MORISON DATED NOVEMBER 30, 2009 - Organic Alliance, Inc.ex99-3.htm
EX-99.2 - PROMISSORY NOTE - MIKE ROSENTHAL DATED OCTOBER 16, 2009 - Organic Alliance, Inc.ex99-2.htm
EX-99.4 - PROMISSORY NOTE - DR. COREY RUTH DATED DECEMBER 11, 2009 - Organic Alliance, Inc.ex99-4.htm
EX-99.1 - PROMISSORY NOTE - PARKER BOOTH DATED DECEMBER 10, 2009 - Organic Alliance, Inc.ex99-1.htm


Exhibit 99.5
 
 
PROMISSORY NOTE

FOR VALUE RECEIVED, the undersigned promise to pay to the order of Mike Rosenthal, the sum of Thirty Thousand ($30,000.00) Dollars, with annual interest at 5% on the unpaid balance.  In addition, Mr. Rosenthal will receive an equity interest of 150,000 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 waive 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 11th day of December, 2009
                                   
In the presence of:

Mike Rosenthal
Lender
 
  
Parker Booth, President and COO
Organic Alliance, Inc
Borrower
Agreed:
 
/s/ Mike Rosenthal
  
Agreed:
 
/s/ Parker Booth
     

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