Exhibit 10.54

EX-10.54 4 ex54.htm ex54.htm

 
Exhibit 10.54
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                           Date: January 20, 2011
 
 

 
 
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.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: January 20, 2011