Non-Interest Bearing Promissory Note between Michael Stone and Stone Consulting Services, Inc.

Contract Categories: Business Finance › Note Agreements
Summary

Michael Stone has agreed to loan $500 to Stone Consulting Services, Inc. to help cover the company's private placement and initial registration statement expenses. The loan is non-interest bearing and must be repaid one year after the company's initial registration statement becomes effective. The agreement is effective as of December 11, 2006, and is signed by Michael Stone both individually and as CEO of the company.

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EX-10.1 8 v108443_ex10-1.htm
EXHIBIT 10.1

NOTE
 
This note (the “Note”) is to memorialize the terms verbally agreed to in principle by Michael Stone (individually, “Stone”), with Stone Consulting Services, Inc., a Delaware corporation (the “Company”).
 
Stone hereby agrees to loan the Company the principal amount of FIVE HUNDRED ($500.00) DOLLARS to cover the expenses of the Company’s private placement and initial registration statement, on a non-interest bearing basis, due one (1) year after the effective date of the Company’s initial registration statement.

This Note shall be effective as of December 11, 2006.

STONE:
   COMPANY:
       
       
/s/ Michael Stone   By: /s/ Michael Stone
Michael Stone
    
Michael Stone, Chief Executive Officer