Demand Promissory Note between Aura Systems, Inc. and Warren Breslow dated November 10, 2010

Contract Categories: Business Finance › Note Agreements
Summary

Aura Systems, Inc. promises to pay Warren Breslow $50,000 plus 10% annual interest. The full amount, including any accrued interest, is due immediately upon demand by the lender. The note is signed by Aura Systems' CEO, Melvin Gagerman, and is effective as of November 10, 2010.

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EX-10.29 4 brelsownote111010.htm brelsownote111010.htm
 
 
 


 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$50,000                                                                           Date:  November 10, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Fifty Thousand Dollars and no/100 ($50,000.00), 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 Gageran
Melvin Gagerman
Chief Executive Officer

 
Dated: November 10, 2010