0000826253-11-000023.txt : 20110601 0000826253-11-000023.hdr.sgml : 20110601 20110601164201 ACCESSION NUMBER: 0000826253-11-000023 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 27 CONFORMED PERIOD OF REPORT: 20110228 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20110601 DATE AS OF CHANGE: 20110601 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AURA SYSTEMS INC CENTRAL INDEX KEY: 0000826253 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690] IRS NUMBER: 954106894 STATE OF INCORPORATION: DE FISCAL YEAR END: 0228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-17249 FILM NUMBER: 11885678 BUSINESS ADDRESS: STREET 1: 2335 ALASKA AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 BUSINESS PHONE: 3106435300 MAIL ADDRESS: STREET 1: 2335 ALASKA AVE CITY: EL SEGUNDO STATE: CA ZIP: 90245 8-K 1 form8k.htm form8k.htm


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
FORM 8-K

CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported)................................................. June 1, 2011


AURA SYSTEMS, INC.
(Exact Name of Registrant as Specified in its Charter)


Delaware
(State or other jurisdiction of incorporation or organization)
  
0-17249
(Commission file number)
95-4106894
(I.R.S. Employer Identification Number)


1310 E. Grand Ave., El Segundo, California  90245
(Address of principal executive offices) (Zip Code)

(310)-643-5300
Issuer’s telephone number


Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (See General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act of 1933 (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR     240.14d-2(b))
 
[ ] Pre-commencement communications pursuant to Rule 13e-4(e) under the Exchange Act (17 CFR 240.13e-4(c))

 
 
 

Item 1.01 Entry into a Material Definitive Agreement.

Included in this filing are agreements which may be deemed to be material, but are outside the ordinary course of business. These agreements have been previously reported but have not been filed as exhibits.

 
 
Item 9.01. Financial Statements and Exhibits.
 
 
(d) Exhibits
 
 
10.27           Demand Promissory Note dated December 18, 2007 by and between the Company and Warren Breslow in the original principal amount of $500,000.

10.28           Demand Promissory Note dated June 18, 2008 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.29           Demand Promissory Note dated August 1, 2008 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.30           Demand Promissory Note dated October 14, 2008 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.31           Demand Promissory Note dated October 23, 2008 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.32           Demand Promissory Note dated December 18, 2008 by and between the Company and Warren Breslow in the original principal amount of $500,000.

10.33           Demand Promissory Note dated March 12, 2009 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.34           Demand Promissory Note dated April 24, 2009 by and between the Company and Warren Breslow in the original principal amount of $500,000.

10.35           Demand Promissory Note dated June 1, 2009 by and between the Company and Warren Breslow in the original principal amount of $20,000.

10.36           Demand Promissory Note dated June 30, 2009 by and between the Company and Warren Breslow in the original principal amount of $500,000.

10.37           Demand Promissory Note dated August 13, 2009 by and between the Company and Warren Breslow in the original principal amount of $400,000.

10.38           Demand Promissory Note dated August 27, 2009 by and between the Company and Warren Breslow in the original principal amount of $500,000.

 
 
 


10.39           Demand Promissory Note dated October 22, 2009 by and between the Company and Warren Breslow in the original principal amount of $480,000.

10.40           Demand Promissory Note dated December 4, 2009 by and between the Company and Warren Breslow in the original principal amount of $250,000.

10.41           Demand Promissory Note dated January 4, 2010 by and between the Company and Warren Breslow in the original principal amount of $250,000.

10.42           Demand Promissory Note dated January 29, 2010 by and between the Company and Warren Breslow in the original principal amount of $250,000.

10.43           Demand Promissory Note dated April 7, 2010 by and between the Company and Warren Breslow in the original principal amount of $400,000.

10.44           Demand Promissory Note dated May 7, 2010 by and between the Company and Warren Breslow in the original principal amount of $100,000.

10.45           Demand Promissory Note dated May 11, 2010 by and between the Company and Warren Breslow in the original principal amount of $400,000.

10.46           Demand Promissory Note dated May 28, 2010 by and between the Company and Warren Breslow in the original principal amount of $150,000.

10.47           Demand Promissory Note dated June 3, 2010 by and between the Company and Warren Breslow in the original principal amount of $350,000.

10.48            Demand Promissory Note dated June 15, 2010 by and between the Company and Warren Breslow in the original principal amount of $500,000.

10.49           Demand Promissory Note dated July 2, 2010 by and between the Company and Warren Breslow in the original principal amount of $300,000.

10.50           Demand Promissory Note dated October 8, 2010 by and between the Company and Warren Breslow in the original principal amount of $200,000.

10.51           Demand Promissory Note dated November 3, 2010 by and between the Company and Warren Breslow in the original principal amount of $300,000.

10.52           Demand Promissory Note dated November 10, 2010 by and between the Company and Warren Breslow in the original principal amount of $50,000.




 
 
 























SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.


AURA SYSTEMS, INC.
(Registrant)


Date:   June 1, 2011
 /s/ Melvin Gagerman__________    
Melvin Gagerman
Chairman and
                                                                 Chief Financial Officer


 
 
 

EX-10.27 2 ex27.htm ex27.htm

 
Exhibit 10.27
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                           Date: December 18, 2007
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: December 18, 2007
 

 

 


 
 
 

EX-10.28 3 ex28.htm ex28.htm

 
Exhibit 10.28
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                           Date: June 18, 2008
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: June 18, 2008
 

 

 


 
 
 

EX-10.29 4 ex29.htm ex29.htm

 
Exhibit 10.29
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                                     Date: August 1, 2008
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: August 1, 2008
 

 

 


 
 
 

EX-10.30 5 ex30.htm ex30.htm

 
Exhibit 10.30
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                           Date: October 14, 2008
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: October 14, 2008
 

 

 


 
 
 

EX-10.31 6 ex31.htm ex31.htm

 
Exhibit 10.31
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                           Date: October 23, 2008
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: October  23, 2008
 

 

 


 
 
 

EX-10.32 7 ex32.htm ex32.htm

 
Exhibit 10.32
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                           Date: December 18, 2008
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: December 18, 2008
 

 

 


 
 
 

EX-10.33 8 ex33.htm ex33.htm

 
Exhibit 10.33
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                           Date: March 12, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: March 12, 2009
 

 

 


 
 
 

EX-10.34 9 ex34.htm ex34.htm

 
Exhibit 10.34
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                           Date: April 24, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: April 24, 2009
 

 

 


 
 
 

EX-10.35 10 ex35.htm ex35.htm

 
Exhibit 10.35
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$20,000                                                                           Date: June 1, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Twenty Thousand Dollars and no/100 ($20,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: June 1, 2009
 

 

 


 
 
 

EX-10.36 11 ex36.htm ex36.htm

 
Exhibit 10.36
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                                     Date: June 30, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: June 30, 2009
 

 

 


 
 
 

EX-10.37 12 ex37.htm ex37.htm

 
Exhibit 10.37
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$400,000                                                                                     Date: August 13, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Four Hundred Thousand Dollars and no/100 ($400,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: August 13, 2009
 

 

 


 
 
 

EX-10.38 13 ex38.htm ex38.htm

 
Exhibit 10.38
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                                     Date: August 27, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: August 27, 2009
 

 

 


 
 
 

EX-10.39 14 ex39.htm ex39.htm

 
Exhibit 10.39
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$480,000                                                                           Date: October 22, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Four Hundred Eighty Thousand Dollars and no/100 ($480,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: October 22, 2009
 

 

 


 
 
 

EX-10.40 15 ex40.htm ex40.htm

 
Exhibit 10.40
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$250,000                                                                           Date: December 4, 2009
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Fifty Thousand Dollars and no/100 ($250,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: December 4, 2009
 

 

 


 
 
 

EX-10.41 16 ex41.htm ex41.htm

 
Exhibit 10.41
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$250,000                                                                                     Date: January 4, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Fifty Thousand Dollars and no/100 ($250,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: January 4, 2010
 

 

 


 
 
 

EX-10.42 17 ex42.htm ex42.htm

 
Exhibit 10.42
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$250,000                                                                           Date: January 29, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Fifty Thousand Dollars and no/100 ($250,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: January 29, 2010
 

 

 


 
 
 

EX-10.43 18 ex43.htm ex43.htm

 
Exhibit 10.43
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$400,000                                                                                     Date: April 7, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Four Hundred Thousand Dollars and no/100 ($400,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: April 7, 2010
 

 

 


 
 
 

EX-10.44 19 ex44.htm ex44.htm

 
Exhibit 10.44
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$100,000                                                                                     Date: May 7, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of One Hundred Thousand Dollars and no/100 ($100,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: May 7, 2010
 

 

 


 
 
 

EX-10.45 20 ex45.htm ex45.htm

 
Exhibit 10.45
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$400,000                                                                                     Date: May 11, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Four Hundred Thousand Dollars and no/100 ($400,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: May 11, 2010
 

 

 


 
 
 

EX-10.46 21 ex46.htm ex46.htm

 
Exhibit 10.46
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$150,000                                                                                     Date: May 28, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of One Hundred Fifty Thousand Dollars and no/100 ($150,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: May 28, 2010
 

 

 


 
 
 

EX-10.47 22 ex47.htm ex47.htm

 
Exhibit 10.47
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$350,000                                                                                     Date: June 3, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Three Hundred Fifty Thousand Dollars and no/100 ($350,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: June 3, 2010
 

 

 


 
 
 

EX-10.48 23 ex48.htm ex48.htm

 
Exhibit 10.48
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$500,000                                                                                     Date: June 15, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Five Hundred Thousand Dollars and no/100 ($500,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: June 15, 2010
 

 

 


 
 
 

EX-10.49 24 ex49.htm ex49.htm

 
Exhibit 10.49
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$300,000                                                                                     Date: July 2, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Three Hundred Thousand Dollars and no/100 ($300,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: July 2, 2010
 

 

 


 
 
 

EX-10.50 25 ex50.htm ex50.htm

 
Exhibit 10.50
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$200,000                                                                                     Date: October 8, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Two Hundred Thousand Dollars and no/100 ($200,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: October 8, 2010
 

 

 


 
 
 

EX-10.51 26 ex51.htm ex51.htm

 
Exhibit 10.51
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$300,000                                                                           Date: November 3, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Three Hundred Thousand Dollars and no/100 ($300,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: November 3, 2010
 

 

 


 
 
 

EX-10.52 27 ex52.htm ex52.htm

 
Exhibit 10.52
 
DEMAND PROMISSORY NOTE
 
 

 
 

 
 
$50,000                                                                           Date: November 10, 2010
 
 

 
 
FOR VALUE RECEIVED, the undersigned jointly and severally promise to pay to the order of Warren Breslow, the sum of Fifty Thousand Dollars and no/100 ($50,000.00), together with interest of 10% per annum on the unpaid balance.
 
 
The entire principal and any accrued interest shall be fully and immediately payable UPON DEMAND of any holder thereof.
 
 

 
 
 
 
 
 
”Borrower”
 
Aura Systems, Inc.



____________________
Melvin Gagerman
Chief Executive Officer

 
Dated: November 10, 2010