Promissory Note between Nogales Resources Corp. and Misael Velasco Aguirre dated August 26, 2015

Contract Categories: Business Finance › Note Agreements
Summary

Nogales Resources Corp., a Nevada corporation, agrees to pay Misael Velasco Aguirre $3,600 plus 6% annual simple interest by December 31, 2018. The note is governed by Nevada law and requires timely payment. This document outlines the repayment terms and interest for the loan provided to Nogales Resources Corp.

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EX-10.1 2 nogl_ex101.htm PROMISSORY NOTE ex-10.1

PROMISSORY NOTE



 August 26, 2015


FOR VALUE RECEIVED, Nogales Resources Corp., a Nevada Corporation, promises to pay Misael Velasco Aguirre, on or before December 31, 2018, the amount of Three Thousand Six Hundred Dollars ($3,600) in the currency of the United States, plus simple interest on the principal amount of this Promissory Note 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.



NOGALES RESOURCES CORP.



Per /s/ Misael Velasco

     Misael Velasco Aguirre, Pres., CEO, CFO