Attached files
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| EX-32.1 - CERTIFICATION - Poverty Dignified, Inc. | povd_ex321.htm |
| EX-31.2 - CERTIFICATION - Poverty Dignified, Inc. | povd_ex312.htm |
| EX-31.1 - CERTIFICATION - Poverty Dignified, Inc. | povd_ex311.htm |
| EX-23.1 - CONSENT - Poverty Dignified, Inc. | povd_ex231.htm |
| EX-21.1 - LIST OF SUBSIDIARIES - Poverty Dignified, Inc. | povd_ex211.htm |
| EX-10.3 - LETTER OF INTENT - Poverty Dignified, Inc. | povd_ex103.htm |
| EX-10.2.1 - SCHEDULE OF OMITTED PROMISSORY NOTES - Poverty Dignified, Inc. | povd_ex1021.htm |
| EX-10.1.2 - FORM OF RESTRICTED STOCK AWARD AGREEMENT - Poverty Dignified, Inc. | povd_ex1012.htm |
| EX-10.1 - RESTRICTED STOCK PLAN - Poverty Dignified, Inc. | povd_ex101.htm |
| EX-4.1 - FORM OF COMMON STOCK CERTIFICATE - Poverty Dignified, Inc. | povd_ex41.htm |
| 10-K - FORM 10-K - Poverty Dignified, Inc. | povd_10k.htm |
EXHIBIT 10.2
10617 Kettering Drive, Suite 215, Charlotte, NC 28226
Unsecured Promissory Note
| Borrower: | Poverty Dignified, Inc. 10617 Kettering Drive, Ste 215 Charlotte, NC 28226 (“Borrower”) |
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| Lender: | Power It Perfect, Inc. 14338 Crown Harbor Dr Charlotte, NC 28278 (“Lender”) |
I. Promise to Pay
Borrower agrees to pay Lender the total amount of $13,700.00 together with interest payable on the unpaid principal at the rate of 5% per annum. Payment will be delivered to Lender to 14338 Crown Harbor Drive, Charlotte, NC 28278 or other address mutually agreed upon by both parties.
II. Repayment
The amount owed under this Promissory Note will be repaid in installments as soon as Poverty Dignified has a stream of revenue. All payments shall be first applied to interest and the balance to principal.
III. Late Payment Fees
If Borrower defaults in payment by more than Thirty days of the time set forth herein, then Borrower shall pay an additional late fee in the amount of $100 per day.
IV. Additional Costs
In case of default in the payment of any principal or interest of this Promissory Note, Borrower will pay to Lender such further amount as will be sufficient to cover the cost and expenses of collection, including, without limitation, reasonable attorney's fees, expenses, and disbursements. These costs will be added to the outstanding principal and will become immediately due.
V. Transfer of the Promissory Note
Borrower hereby waives any notice of the transfer of this Note by Lender or by any subsequent holder of this Note, agrees to remain bound by the terms of this Note subsequent to any transfer, and agrees that the terms of this Note may be fully enforced by any subsequent holder of this Note.
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VI. Amendment; Modification; Waiver
No amendment, modification or waiver of any provision of this Promissory Note or consent to departure therefrom shall be effective unless by written agreement signed by both Borrower and Lender.
VII. Successors
The terms and conditions of this Promissory Note shall inure to the benefit of and be binding jointly and severally upon the successors, assigns, heirs, survivors and personal representatives of Borrower and shall inure to the benefit of any holder, its legal representatives, successors and assigns.
VIII. Breach of Promissory Note
No breach of any provision of this Promissory Note shall be deemed waived unless it is waived in writing. No course of dealing and no delay on the part of Lender in exercising any right will operate as a waiver thereof or otherwise prejudice Lender's rights, powers, or remedies. No right, power, or remedy conferred by this Promissory Note upon Lender will be exclusive of any other rights, power, or remedy referred to in this Note, or now or hereafter available at law, in equity, by statute, or otherwise.
IX. Governing Law
The validity, construction and performance of this Promissory Note will be governed by the laws of North Carolina, excluding that body of law pertaining to conflicts of law. Borrower hereby waives presentment, notice of non-payment, notice of dishonor, protest, demand and diligence.
The parties hereby indicate by their signatures below that they have read and agree with the terms and conditions of this agreement in its entirety.
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| Borrower Signature: | /s/ George C Critz III |
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| George C Critz III / CFO, Poverty Dignified, Inc. |
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| Lender Signature: | /s/ John K. Lowther John K. Lowther / CEO, Power It Perfect, Inc. |
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Date: 03/31/2017
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