EX-99.1 2 ex99-1.htm PROMISSORY NOTE ex99-1.htm
Exhibit 99.1
 
PROMISSORY NOTE
 
FOR VALUE RECEIVED, the Corporation promises to pay to the order of Parker Booth, the sum of Six Hundred and Five Thousand, One Hundred and Eighty Five ($605,185.00) Dollars, with annual interest at 5% on the unpaid balance.  In addition, Mr. Booth will receive an equity interest of 2,668,747 restricted shares of the Organic Alliance Inc.'s common stock.  The full unpaid principal and any earned interest shall be fully due and immediately payable on December 31, 2010.
 
This Promissory Note is unsecured.
 
Upon failure to make payment within 15 days of demand, and should this note be turned over for collection, the undersigned shall pay all reasonable legal fees and costs of collection.  All parties to this note waive presentment, demand, notice of non payment, protest and notice of protest, and agree to remain fully bound notwithstanding the release of any party or extension, indulgence, modification of terms, or discharge of any collateral for this note.  The Corporation shall be liable under this note.
 
Signed this 13th day of August, 2010.
 
In the presence of:
 
 
 
Parker Booth
Lender
Organic Alliance, Inc.
Borrower
   
Agreed:
 
/s/ Parker Booth
Agreed:
 
/s/ Mike Rosenthal
Mike Rosenthal, Director