Demand Promissory Note between Aura Systems, Inc. and Warren Breslow dated April 23, 2012
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Summary
Aura Systems, Inc. promises to pay Warren Breslow $400,000 plus 10% annual interest. The full amount, including any accrued interest, is due immediately upon demand by the lender. This agreement is signed by Aura Systems, Inc.'s CEO, Melvin Gagerman, and is effective as of April 23, 2012.
EX-10.71 8 ex71.htm ex71.htm
Exhibit 10.71
DEMAND PROMISSORY NOTE
$400,000 Date: April 23, 2012
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, 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.
___/s/ Melvin Gagerman_________________
Melvin Gagerman
Chief Executive Officer
Dated: April 23, 2012
