NOTE
Exhibit
99.1
NOTE
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U.S.
$5,000.00
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January
24, 2008
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FOR
VALUE RECEIVED, the undersigned,
AMASYS Corporation, a
Delaware corporation (the "Borrower"), HEREBY PROMISES TO PAY to the order
of
Private Capital Group,
LLC
(the "Lender"), upon demand, the principal sum of U.S. Five Thousand
Dollars
($5,000.00), 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, 2008, at Two Grand Central Tower, 000 X. 00xx Xxxxxx, Xxxxx
00X
Xxx
Xxxx,
XX 00000, 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 $5,000, which amount was loaned as of January 24, 2008 (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 | |||
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By:
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/s/
X. Xxxxx Xxxxxx
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X.
Xxxxx Xxxxxx
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Corporate
Secretary
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