Exhibit 99.1
NOTE
U.S. $15,000.00 November 15, 2007
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. FIFTEEN THOUSAND
DOLLARS ($15,000.00), 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 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 $15,000, which
amount was loaned as of November 15, 2007 (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
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X. Xxxxx Xxxxxx
Corporate Secretary
