0000899243-01-501708 Sample Contracts

NOTE
Promissory Note • November 9th, 2001 • North American Technologies Group Inc /Mi/ • Industrial organic chemicals

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW AND MAY NOT BE TRANSFERRED OR SOLD WITHOUT AN OPINION OF COUNSEL SATISFACTORY TO THE BORROWER THAT SUCH TRANSFER OR SALE DOES NOT VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT OF 1933, OR ANY APPLICABLE STATE SECURITIES LAW.