Demand Promissory Note between Aura Systems, Inc. and Warren Breslow dated October 8, 2010

Contract Categories: Business Finance › Note Agreements
Summary

Aura Systems, Inc. promises to repay Warren Breslow $200,000 with 10% annual interest. The full amount, including any accrued interest, is due immediately upon demand by the lender. The agreement is signed by Aura Systems' CEO, Melvin Gagerman, and is effective as of October 8, 2010.

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EX-10.27 2 breslownote100810.htm breslownote100810.htm
 
 
 


 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                                     Date:  October 8, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), 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 Gagaerman
Melvin Gagerman
Chief Executive Officer

 
Dated:  October 8, 2010