0001437749-11-004742 Sample Contracts

CONSULTING & REPRESENTATIVE SERVICES AGREEMENT
Consulting & Representative Services Agreement • July 13th, 2011 • Location Based Technologies, Inc. • Search, detection, navagation, guidance, aeronautical sys • California

THIS CONSULTING SERVICES AGREEMENT (the "Agreement") is made and entered into as of this 1st day of July 2011, by and between Location Based Technologies, Inc. the (“Company”), a Nevada corporation, and I S Consulting, Inc. ("Consultant");

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PROMISSORY NOTE
Location Based Technologies, Inc. • July 13th, 2011 • Search, detection, navagation, guidance, aeronautical sys • California

FOR VALUE RECEIVED, the undersigned, Location Based Technologies, Inc., a Nevada corporation (referred to herein as the “Borrower” or “Company”), hereby unconditionally promises to pay to the order of Jeff Parker, his endorsees, successors and assigns (the “Lender”), in lawful money of the United States, at _________________________________________ or such other address as the Lender may from time to time designate, the principal sum of Fifty Thousand Dollars ($50,000).

Contract
Location Based Technologies, Inc. • July 13th, 2011 • Search, detection, navagation, guidance, aeronautical sys • California

FOR VALUE RECEIVED, the undersigned, Location Based Technologies, Inc., a Nevada corporation (referred to herein as the “Borrower” or “Company”), hereby unconditionally promises to pay to the order of Ronny Rusli, his endorsees, successors and assigns (the “Lender”), in lawful money of the United States, at _________________________________________ or such other address as the Lender may from time to time designate, the principal sum of Twenty Five Thousand Dollars ($25,000).

PROMISSORY NOTE
Location Based Technologies, Inc. • July 13th, 2011 • Search, detection, navagation, guidance, aeronautical sys • California

FOR VALUE RECEIVED, the undersigned, Location Based Technologies, Inc., a Nevada corporation (referred to herein as the “Borrower” or “Company”), hereby unconditionally promises to pay to the order of Mr. Jeff Leu, its endorsees, successors and assigns (the “Holder” or “Lender”), in lawful money of the United States, at _______________________________________ or such other address as the Lender may from time to time designate, the principal sum of Four Hundred Thousand Dollars ($400,000).

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