DEMAND PROMISSORY NOTE
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EX-10.31 2 exhibit10_31.htm exhibit10_31.htm
Exhibit 10.31
DEMAND PROMISSORY NOTE
$400,000.00 Date: May 19, 2014
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of K. F. Properties, the sum of Four Hundred Thousand Dollars and no/100 ($400,000.00), together with interest of 10% per annum on the unpaid balance.
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
”Borrower”
Aura Systems, Inc.
____________________
Melvin Gagerman
Chief Executive Officer
Dated: May19, 2014
