Exhibit 10.11
▇▇▇▇'▇, INC.
▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇
Ph: (▇▇▇) ▇▇▇-▇▇▇▇ o Fax: (▇▇▇) ▇▇▇-▇▇▇▇
▇▇▇.▇▇▇▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇
CO-SIGN AGREEMENT
Los Angeles, California
August 15, 2004
FOR VALUE RECEIVED, ▇▇▇▇'▇, Inc. (the "Company") promises to pay to ▇▇▇▇▇▇
▇. ▇▇▇▇ ▇▇., (the "Co-signer"), an ------------------ effective annual interest
of 5% on the amount borrowed from ▇▇▇▇▇▇▇ ▇▇▇▇▇ by the Company secured by stock
pledged by co-signer. ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ the CEO of ▇▇▇▇'▇ Inc., will pledge
his 3,200,000 shares of common stock in ▇▇▇▇'▇, Inc. as collateral to the
co-signer in the event of default of this loan.
1. Duration. This agreement will be for one year to the day following
issue of this Note.
2. Default. This agreement will be considered in default if the Company
defaults on their loan with ▇▇▇▇▇▇▇ ▇▇▇▇▇ or in the case of after the duration
of this agreement the loan is not paid off releasing the collateral pledged by
the co-signer. In case of a default the Company has the opportunity to correct
the default within a reasonable time period including potentially selling the
company to pay off the note to release the co-signers pledged stock collateral.
(a) If this co-sign agreement is defaulted on the Company agrees to pay
the costs of the collection, including reasonable attorneys' fees.
(b) This agreement shall be construed and enforced in accordance with, and
governed by, the laws of the State of California.
▇▇▇▇'▇, Inc.
By: /s/ ▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
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▇▇▇▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
CEO, Founder
Co-signer: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇.
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▇▇▇▇▇▇ ▇. ▇▇▇▇ ▇▇.