Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - Trellis Earth Products Inc | Financial_Report.xls |
| S-1/A - TRELLIS EARTH PRODUCTS INC FORM S-1/A - Trellis Earth Products Inc | forms1.htm |
| EX-5.1 - EXHIBIT 5.1 - Trellis Earth Products Inc | ex51.htm |
| EX-23.1 - EXHIBIT 23.1 - Trellis Earth Products Inc | ex231.htm |
| EX-10.10.14 - EXHIBIT 10.14 - Trellis Earth Products Inc | ex1014.htm |
Exhibit 10.15
PROMISSORY NOTE
This agreement is made effective June 30, 2011.
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BETWEEN:
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WADA DPM (the “Lender), a corporation organized and existing under the laws of the People’s Republic of China with its head office located at:
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ZHEJIANG WAFA ECOSYSTEM SCIENCE
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AND TECHNOLOGY CO., LTD
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No. 16 Wafa Rd, Sanjie Zone
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SRENGZHOU ZHEJIANG China
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AND:
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Trellis Earth Products, Inc (the “Borrower), a corporation organized and existing under the laws of the State of Oregon, United States of America, with its head office located at:
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Trellis Earth Products, Inc.
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9125 SW Ridder Rd. Suite D
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Wilsonville OR 97070
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TERMS
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$450,000 of trade credit granted Trellis Earth is hereby converted to a Promissory Note due in full as of September 30, 2012. Interest at the rate of 18% shall be paid monthly ($6,750 USD). There is no prepayment penalty.
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| LENDER | BORROWER | |||
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/s/ Yuan Zheng Sun
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/s/ William Collins
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Authorized Signature
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Authorized Signature
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| Yuan Zheng Sun | William Collins, CEO | |||
| Print Name and Title | Print Name and Title |