PROMISSORY NOTE
FOR VALUE RECEIVED, the sufficiency of which is hereby
acknowledged, the undersigned, CX2 Technologies, Inc., a
Nevada corporation (the §
Maker •
), promises to pay to the order of
Les Hahn. (the §
Holder •
), the principal sum of FIVE
THOUSAND and NO/100 DOLLARS ($5,000) (the §
Principal •
), without interest except as
hereinafter set forth.
1. PAYMENT OF PRINCIPAL .
The outstanding principal balance of this Note shall be due upon
demand. All payments hereunder shall be made at the principal
residence of the Holder, or such other place as the Holder may from
time to time designate in writing.
2. EVENTS OF DEFAULT . If
one or more of the following described events shall have occurred
and be continuing, then this Note shall be in default (each,
a §
Default •
):
2.1.
Failure to Pay . The Maker shall fail to pay the Principal
balance of this Note or of Interest on this Note on or within five
(5) days after the date upon which such payment becomes due;
or
2.2.
Bankruptcy . The Maker shall be adjudicated as bankrupt or
insolvent, or admit in writing its inability to pay its debts as
they mature, or make an assignment for the benefit of creditors; or
the Maker shall apply for or consent to the appointment of a
receiver, trustee, or similar officer for it or for all or any
substantial part of its property; or such receiver, trustee or
similar officer shall be appointed without the application or
consent of the Maker and such appointment shall continue
