NOTE
U.S.
$10,000.00 March
23, 2009
FOR VALUE RECEIVED, the undersigned,
AMASYS Corporation, a
Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order of
X. X.
XXXXXXX (the "Lender"), upon demand, the principal sum of
U.S. Ten Thousand Dollars
($10,000.00), which constitutes the
aggregate principal amount of the Advance (defined below) made by the Lender to
the Borrower and outstanding on the date hereof.
The Borrower promises to pay interest
on the unpaid principal amount of the Advance from the date of such Advance
until such principal amount is paid in full, at the rate of 12% per
annum.
Both principal and interest are payable
in lawful money of the United States of America to the Lender, on or before
December 31, 2009, at 000 Xxxxx Xxxxxx, X.X. Washington, D.C., 20003, or such
other address as the holder hereof may designate in writing, in same day funds,
without defense, offset or counterclaim.
Borrower acknowledges the receipt of
the amount of $10,000, which amount was loaned as of March 23, 2009 (the
"Advance").
The Borrower shall pay all reasonable
costs, fees and expenses (including court costs and reasonable attorneys' fees)
incurred by the Lender in collecting or attempting to collect any amount that
becomes due hereunder or in seeking legal advice with respect to such collection
or a default hereunder. This Note may be prepaid at any time without
penalty.
The Borrower, and every guarantor and
endorser hereof, hereby waive presentment, demand, notice of dishonor, protest
and all other demands and notices in connection with the delivery, acceptance,
performance and enforcement of this Note.
This Note shall be governed by and
construed in accordance with the laws of the Commonwealth of Virginia, without
reference to conflict of laws principles.
THE BORROWER HEREBY WAIVES TRIAL BY
JURY IN ANY LITIGATION IN ANY COURT WITH RESPECT TO THIS NOTE OR THE ENFORCEMENT
OR COLLECTION HEREOF.
IN WITNESS WHEREOF, the Borrower has
caused this Note to be executed by its duly authorized representative as of the
day and year first above written.
AMASYS Corporation
By: _/s/ X. XXXXX XXXXXX_____
X. Xxxxx Xxxxxx
Corporate Secretary
