Infinite Funding Inc. 5005 Hidalgo Street Suite 619 Houston Texas 77056
PROMISSORY NOTE
$40,000.00 Dated as of: September 28, 2011
FOR GOOD AND VALUABLE CONSIDERATION, the receipt and sufficiency of which is acknowledged by the parties hereto, DOMARK INTERNATIONAL, INC., a Nevada corporation with a principle place of business located at 1809 East Broadway, Suite 125, Oviedo, Florida 32765 ("Maker"), promises to pay to the order of INFINITE FUNDING, INC., a Wyoming Corporation with a principal place of business located at 5 005 Hidalgo Street, Suite 619, Houston, Texas 77056 ("Payee"), the principal sum of FORTY THOUSAND and 00/100 Dollars ($40,000.00) on December 15, 2011, together with interest at 3% per annum.
Proceeds of this loan shall be disbursed to Maker's corporate bank account as follows:
$40,000 ON SEPTEMBER 28, 2011
Disbursement will be made by wire transfer to Maker at:
Domark International, Inc. Bank of America Oviedo, Florida Routing number 026009593 Account number 898022834301
Upon an "Event of Default" (as hereinafter defined), interest shall accrue upon the total sum outstanding, from time to time, at the rate equal to eighteen (18%) per annum (the "Default Rate"). Default interest shall be calculated on the basis of a three hundred sixty-five (365) day year for the actual number of days in which any indebtedness under this Promissory Note ("Indebtedness") remains outstanding. Maker unconditionally acknowledges and agrees that the aforementioned Default Rate is reasonable in all respects and agrees to never challenge or dispute same in any way.
All Indebtedness shall be paid to Payee at:
Infinite Funding Inc. 5005 Hidalgo Street Suite 619 Houston Texas 77056
This Promissory Note shall be a continuing absolute and unconditional obligation and shall not be subject to any set-off, reduction, recoupment or counterclaim.
Maker waives presentment, demand, notice, protest and all other demands and notices in connection with the delivery, acceptance, performance, default or enforcement of this Promissory Note. No failure by Payee or a legal holder to exercise and no delay in exercising any right by Payee or a legal holder under this Promissory Note shall operate as a waiver of such right nor shall any single or partial exercise of any right by Payee or a legal holder under this Promissory Note operate so as to impair or limit Payee's or a legal holder's ability to insist on the full exercise of that right in the future.
Maker unconditionally agrees to pay to Payee or a legal holder of this Promissory Note all reasonable costs and expenses including, without limitation, court costs, attorneys' fees and expenses, of, or incidental to, the initiation of any of Payee's or a legal holder's rights or remedies pursuant to the provisions of this Promissory Note, at law or in equity, and the collection of any of the Indebtedness evidenced under this Promissory Note.
The granting, without notice, of any extension of time for the payment of any of the Indebtedness evidenced under this Promissory Note shall in no way release or discharge the liability of Maker.
If any of the following occurs ("Event of Default"):
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