Promissory Note between Laredo Resources Corp. and Ruth Cruz Santos dated May 21, 2012
Laredo Resources Corp., a Nevada corporation, agrees to pay Ruth Cruz Santos $10,000 plus 6% annual simple interest by May 31, 2014. The note is governed by Nevada law. Payment must be made in U.S. dollars, and time is a critical factor in this agreement.
Exhibit 10.1
PROMISSORY NOTE
May 21, 2012
FOR VALUE RECEIVED, Laredo Resources Corp., a Nevada Corporation, promises to pay Ruth Cruz Santos on or before May 31, 2014, the amount of Ten Thousand Dollars ($10,000) 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 /s/ Ruth Cruz Santos
Ruth Cruz Santos, Pres, CEO, CFO
