NOTE
U.S. $15,000.00 June 23, 2008
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.
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 June 23, 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
By: /s/ X. Xxxxx Xxxxxx
--------------------------------
S. Xxxxx Xxxxxx
Corporate Secretary
