NOTE AND PLEDGE AGREEMENT (for use in New Jersey)Note and Pledge Agreement • February 25th, 2009 • Homeland Security Network, Inc. • Search, detection, navagation, guidance, aeronautical sys • New Jersey
FOR VALUE RECEIVED, the undersigned, jointly and severally, (the "Borrower"), with addresses at 140 Smith Street, Perth Amboy, New Jersey 08832, unconditionally promise to pay to the order of INTENTIONALLY DELETED (the "Lender"), at his address at INTENTIONALLY DELETED, or at such other place as the Lender may direct, ONE HUNDRED SEVEN THOUSAND FIVE HUNDRED AND 00/100 DOLLARS ($107,500.00), together with interest at the rate and on the terms provided in this Note and Pledge Agreement (including all renewals, extensions and/or modifications, this "Note"). This Note and all documents executed in connection with this Note are referred to herein collectively as the "Loan Documents."
