Loan agreement and Promissory Note September 11, 2009
Loan agreement and Promissory Note
September 11, 2009
I, Xxxxxxx Xxxxxx, agree to loan National Automation Services, Inc. (NAS) located at 0000 Xx. Xxxx Xxxxxxx Xxxxx 000, Xxxxxxxxx, Xxxxxx the sum of $10,000 according to the following terms and conditions:
The $10,000 is being loaned to NAS with an interest rate of 10% (annual) as of September 30, 2009 and that the interest rate will be computed at the principle balance of $10,000.
NAS agrees that if any interest payments are due on the loan that NAS is responsible for making these payments.
The loan in principle and interest is payable on demand.
/s/ Xxxxxxx Xxxxxx
Xxxxxxx Xxxxxx
/s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
CEO National Automation Services, Inc.