SECURED DEMAND LOAN AGREEMENTSecured Demand Loan Agreement • March 7th, 2007 • Qi Systems Inc • Services-computer programming services
THIS SECURED DEMAND LOAN AGREEMENT (the “Agreement”) is made and entered into effective as of the 28th day of February, 2007 between, by and among QI Systems, Inc. of 609 Cheek Sparger Road, Suite #300, Colleyville, Texas 76034, a corporation registered in the State of Delaware ("Debtor"), and BFL Group, LLC, 3015 Keystone Dr., Cape Girardeau, MO 63701, ("Secured Party"), pursuant to the terms and conditions set forth herein. BFL Group, LLC and QI Systems Inc. are collectively referred to herein as the “Parties” and individually as a “Party”.
