Exhibit 10.3 LOAN AGREEMENTLoan Agreement • January 26th, 2009 • Blackwater Midstream Corp. • Gold and silver ores
Contract Type FiledJanuary 26th, 2009 Company IndustryI, WE, OR EITHER OF US, JOINTLY, SEVERALLY AND SOLIDARILY, PROMISE(S) TO PAY TO THE ORDER OF NO LOGO AIR, INC., AT 310 GREENSTREET, SAN FRANCISCO, CA 94133, SEVENTY-FIVE THOUSAND AND NO/100 ($75,000.00) DOLLARS, FOR VALUE RECEIVED, WITH INTEREST AT THE RATE OF TWELVE (12%) PERCENT PER ANNUM FROM DATE UNTIL PAID, PRINCIPAL AND INTEREST PAYABLE AS FOLLOWS:
BLACKWATER MIDSTREAM CORP.Loan Agreement • January 26th, 2009 • Blackwater Midstream Corp. • Gold and silver ores
Contract Type FiledJanuary 26th, 2009 Company IndustryI, WE, OR EITHER OF US, JOINTLY, SEVERALLY AND SOLIDARILY, PROMISE(S) TO PAY TO THE ORDER OF ISAAC SUDER, AT 727 PALMER AVENUE, TEANECK, NEW JERSEY 07666, ONE HUNDRED THOUSAND AND NO/100 ($100,000.00) DOLLARS, FOR VALUE RECEIVED, WITH INTEREST AT THE RATE OF TWELVE (12%) PERCENT PER ANNUM FROM DATE UNTIL PAID, PRINCIPAL AND INTEREST PAYABLE AS FOLLOWS: