0000950134-07-011874 Sample Contracts

PROMISSORY NOTE
Promissory Note • May 17th, 2007 • Valentec Systems, Inc • Ordnance & accessories, (no vehicles/guided missiles) • New York

WHEREAS, Robert Zummo, (the “Lender”) has previously guaranteed certain loan (the “Loan”) granted to Valentec Systems Inc., a Delaware corporation (the “Borrower”) by Bank One (the “Bank”).

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PROMISSORY NOTE
Promissory Note • May 17th, 2007 • Valentec Systems, Inc • Ordnance & accessories, (no vehicles/guided missiles) • New York

WHEREAS, Mikal Ltd., (the “Lender”) has previously guaranteed certain loan (the “Loan”) granted to Valentec Systems Inc., a Delaware corporation (the “Borrower”) by Bank One (the “Bank”).

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