Loan agreement and Promissory Note April 1, 2009
Loan agreement and Promissory Note
April 1, 2009
I, Xxxxxx X’Xxxxxx, agree to loan National Automation Services, Inc. (NAS) located at 0000 Xx. Xxxx Xxxxxxx Xxxxx 000, Xxxxxxxxx, Xxxxxx the sum of $86,000 according to the following terms and conditions:
We are consolidating principle and interest balance to $86,000 with an interest rate of 10% per annum effective April 1, 2009, of which the Company has the option of interest repayment in cash or shares of the Company’s common stock. Any and all interest can be prepaid in cash or in shares of the Company’s common stock at the discretion of the Company.
The loan in both principle and interest is payable on demand.
/s/ Xxxxxx X’Xxxxxx
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Xxxxxx X’Xxxxxx
/s/Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
CEO National Automation Services, Inc.