Demand Promissory Note between Aura Systems, Inc. and Warren Breslow dated May 20, 2011

Contract Categories: Business Finance › Note Agreements
Summary

Aura Systems, Inc., represented by its CEO Melvin Gagerman, promises to pay Warren Breslow $200,000 plus 10% annual interest. The full amount, including any accrued interest, is due immediately upon demand by the lender. This agreement is effective as of May 20, 2011, and is a legally binding obligation for Aura Systems, Inc. to repay the loan whenever requested by Warren Breslow.

Read More Arrow
EX-10.58 4 exhibit1058.htm exhibit1058.htm
 
 
 


 
Exhibit 10.58
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                                     Date:  May, 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: May 20, 2011