Stone Consulting Services, Inc.
EXHIBIT
10.1
Stone
Consulting Services, Inc.
00
Xxxxx Xxxxxx
Xxxxxx,
XX 00000
June
3,
2008
This
Loan
Agreement is to memorialize the
terms
verbally agreed to in
principle between Xxxxxxx Xxxxx, in an individual capacity (“Stone”) and Stone
Consulting Services, Inc., a Delaware corporation (the “Company”).
Stone
hereby agrees to loan the Company the aggregate principal amount of up to
FIFTEEN
THOUSAND DOLLARS
($15,000.00), which amounts may be provided to the Company in the form of any
number of separate advances made from time to time, in the sole discretion
of
Stone, in order to cover the Company’s accounting, legal and miscellaneous
expenses. The loan is made on a non-interest bearing basis and is due upon
the
earlier of: (i) twelve (12) months from the date hereof, or (ii) the Company’s
completion of a minimum four hundred thousand ($400,000) dollar
financing.
This
Loan
Agreement shall be effective as of the date set forth above.
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STONE:
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STONE
CONSULTING SERVICES, INC.:
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/s/
Xxxxxxx X. Xxxxx
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/s/
Xxxxxxx X. Xxxxx
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Xxxxxxx
X. Xxxxx
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Xxxxxxx
X. Xxxxx
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President
and Chief Executive Officer
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