Promissory Note between Laredo Resources Corp. and Ruth Cruz Santos dated March 20, 2012
Laredo Resources Corp., a Nevada corporation, agrees to pay Ruth Cruz Santos $7,500 plus 6% annual simple interest by March 31, 2013. The note specifies that time is of the essence and is governed by Nevada law. This document outlines the repayment terms and legal obligations between the company and the lender.
Exhibit 10.2
PROMISSORY NOTE
March 20, 2012
FOR VALUE RECEIVED, Laredo Resources Corp., a Nevada Corporation, promises to pay Ruth Cruz Santos on or before March 31, 2013, the amount of Seven Thousand Five Hundred Dollars ($7,500) in the currency of the United States plus simple interest on the principal amount of the loan accrued at a rate 6% per annum.
Time shall be the essence of this Promissory Note.
This Promissory Note shall be governed by and constituted in accordance with the laws of the State of Nevada.
LAREDO RESOURCES CORP.
Per________________________________________
Ruth Cruz Santos, Pres, CEO, CFO
