Promissory Note between Laredo Resources Corp. and Ruth Cruz Santos dated February 15, 2011
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Summary
Laredo Resources Corp., a Nevada corporation, agrees to pay Ruth Cruz Santos $10,000 plus 6% annual simple interest by February 28, 2013. The agreement specifies that time is of the essence and is governed by Nevada law. Ruth Cruz Santos is identified as President, CEO, and CFO of Laredo Resources Corp.
EX-10.3 2 ex10_3.htm EXHIBIT 10.3 ex10_3.htm
PROMISSORY NOTE
February 15, 2011
FOR VALUE RECEIVED, Laredo Resources Corp., a Nevada Corporation, promises to pay Ruth Cruz Santos, on or before February 28, 2013, the amount of Ten Thousand Dollars ($10,000.00) in the currency of the United States plus simple interest on the principal amount of the loan accrued at a rate of 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
