PRINCIPAL AMOUNT: $
For the above principal value to be received, the undersigned Alpha CFO Services (the “guarantor”) promises to pay to the order of (the “granter”) into bank account number: routing number: (or at such other place as the granter may designate in writing), the sum of one percent interest each month of the total principal amount note balance, beginning 30 days after funding of this note by the granter. This is agreed to be 12 percent per annum on the then current outstanding note principal balance, payable at the rate of one percent interest each month.
TERMS:
A. Payments. The accrued interest shall be payable in monthly installments of one percent monthly interest beginning 30 days after the granter funds this note and continuing until the granter requests a principal payment. Interest payments will continue on the principal remainder not requested back by the granter, if any. The granter can request any amount of the principal at any time by giving 7 days’ notice, which will then become the note “Maturity Due Date” for that principal amount requested. The principal amount requested will be deposited directly into the granter’s bank account shown above within 7 days of the granter’s written or emailed request, without any withdrawal fee other than the $25 bank wire, bank draft, or ACH processing fee.
B. The payment of the interest each month and the return of the principal to the Granter, whenever requested, is guaranteed by Alpha CFO Services. The Granter can choose to notify Alpha CFO Services to let the interest ride as an addition to the total principal balance monthly.
C. This promissory note contract is secured with the assets of AlphaCFO.services and is agreed to constitute a lien against the inventory and accounts receivable of AlphaCFO.services.
PREPAYMENT:
The guarantor reserves the right to prepay this Note (in whole or in part) before the Maturity Due Date or at any time with no prepayment penalty. The granter reserves the right to request any or all principal back at any time by giving 7 days’ notice with no interest penalty or withdrawal penalty other than a $25 bank wire, bank draft, or ACH processing fee.
SEVERABILITY OF PROVISIONS:
If any one or more of the provisions of this Note is determined to be unenforceable, in whole or in part, for any reason, the remaining provisions shall remain fully operative.
GOVERNING LAW:
This Note is agreed to be in accordance with and subject to the laws of the State of Utah, USA.
FUNDING INSTRUCTIONS:
- Bank Wire or deposit the principal amount shown above to the AlphaCFO.services bank account number (to be provided upon signing) with routing number 324079555 at any Utah office of the Mountain America Credit Union, or mail deposit to Mountain America Credit Union, for the account number (to be provided), P.O. Box 9001, West Jordan, Utah 84084 USA. Then send notification of the deposit by email to FundingDept@AlphaCFO.services or by text to +1-801-995-9503.
- If funding this promissory note contract with cryptocurrency, email to ask for instructions, stating the type and amount of cryptocurrency to FundingDept@AlphaCFO.services
SIGNATURES:
IN WITNESS WHEREOF, this Agreement has been agreed upon and delivered in the manner prescribed by law as of the date(s) signed below.
GUARANTOR:
Alpha CFO Services
By: Donald Lewis, CFO
Signature:
10885 State Street, Suite B2, Sandy, Utah 84070 USA
Email: Donald@AlphaCFO.services
Phone: +1-801-995-9503
Date Signed:
GRANTER Name:
Signature of Granter:
Email:
Phone:
Address:
Date Signed: