Attached files
Exhibit 10.9
SECURED PROMISSORY NOTE
$20,000.00 January 13, 2011
FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $20,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum. All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Jan 13, 2012, the maturity date.
Section 1: Interest
Interest payments of $800.00 are due and payable on Jan 13, 2012.
Section 2: Principal
The $20,000.00 principal amount of this Secured Promissory Note is due on Jan 13, 2012
Section 3: Maturity
Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Jan 13, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.
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Borrowers: China Logistics Group, Inc.
By: /s/ Andrew Goldrich
Sign name
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Lender: China Direct Investments, Inc.
By: /s/ James Wang
Sign name
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SECURED PROMISSORY NOTE
$22,500.00 Feb. 16, 2011
FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $22,500.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum. All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Feb. 15, 2012, the maturity date.
Section 1: Interest
Interest payments of $900 are due and payable on Feb.15, 2012.
Section 2: Principal
The $22,500.00 principal amount of this Secured Promissory Note is due on Feb.15, 2012.
Section 3: Maturity
Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Feb.15loan, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.
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Borrowers: China Logistics Group, Inc.
By: /s/ Wei Chen
Sign name
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Lender: China Direct Investments, Inc.
By: /s/ James Wang
Sign name
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SECURED PROMISSORY NOTE
$50,000.00 Aug 5, 2011
FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $50,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum. All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Aug 4, 2012, the maturity date.
Section 1: Interest
Interest payments of $2,000 are due and payable on Aug 4, 2012.
Section 2: Principal
The $50,000.00 principal amount of this Secured Promissory Note is due on Aug 4, 2012
Section 3: Maturity
Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Aug 4, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.
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Borrowers: China Logistics Group, Inc.
By: /s/ Wei Chen
Sign name
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Lender: China Direct Investments, Inc.
By: /s/ Andrew Goldrich
Sign name
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SECURED PROMISSORY NOTE
$30,000 Oct. 2, 2011
FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $30,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum. All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Oct.1, 2012, the maturity date.
Section 1: Interest
Interest payments of $1,200 are due and payable on Oct.1, 2012.
Section 2: Principal
The $30,000.00 principal amount of this Secured Promissory Note is due on Oct.1, 2012.
Section 3: Maturity
Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Oct. 1loan, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.
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Borrowers: China Logistics Group, Inc.
By: /s/ Wei Chen
Sign name
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SECURED PROMISSORY NOTE
$50,000.00 Dec 2, 2011
FOR VALUE RECEIVED, China Logistics Group, Inc. (as the “Borrowers”), hereby unconditionally promise to pay to the order of China Direct Investments, Inc. (the “Lender”) at the location designated by Lender, in lawful money of the United States of America the principal sum of $50,000.00, together with interest on the unpaid principal amount outstanding at a rate of 4% per annum. All outstanding principal and interest accrued and unpaid on this Secured Promissory Note shall be payable in full on Dec 1, 2012, the maturity date.
Section 1: Interest
Interest payments of $2,000 are due and payable on Dec 1, 2012.
Section 2: Principal
The $50,000.00 principal amount of this Secured Promissory Note is due on Dec 1, 2012
Section 3: Maturity
Subject to the terms and conditions hereof, the principal amount of this Secured Promissory Note plus the accrued interest shall be due and payable as stipulated in Sections 1 and 2 of this Secured Promissory Note on Dec 1, 2012 (the “Maturity Date”), and shall be paid by the Borrowers in cash, check, money order or by wire transfer.
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Borrowers: China Logistics Group, Inc.
By: /s/ Wei Chen
Sign name
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January 13, 2012
China Logistics Group, Inc.
Re: $20,000 Secured Promissory Note dated Jan. 13, 2011 and $22,500 Secured promissory Note dated Feb. 16, 2011 between China Direct Investments, Inc. (Lender) and China Logistics Group, Inc. (Borrower)
Dear Mr. Chen,
Please accept this letter as formal notification of our mutual agreement to extend the maturity date of above two loans to Jan. 13, 2013 and Feb. 16, 2013, respectively. All other terms and conditions of the loans shall remain in full force and effect.
Warms regards,
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Lender: China Direct Investments, Inc.
By: /s/ James Wang
Sign name: James Wang, Ph.D.
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Borrower: China Logistics Group, Inc.
By: /s/ Wei Chen
Sign name: Wei Chen
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