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Sample Loan Agreement (demand note) Online Loan Agreement Form $12.99 (free trial)--click here LOAN AGREEMENT AND PROMISSORY NOTE THIS LOAN AGREEMENT AND PROMISSORY NOTE, is made this day of, 2010,
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A corporation organized under the laws of the state of Arizona with its principal place of business located in the city of Mesa, Arizona, as of the date herein described. b.) Loan is hereby executed a loan agreement, as follows: 1. Purpose of This loan agreement, is to provide that the sum of 2,500 is authorized for the purchase of real property in the County of Mesa, Arizona to be used in connection with the operation of a commercial marijuana venture by a certain John Smith of LE camp; in which camp is to establish a marijuana farming venture called FARM, that is to be operated under the following operational plans for the first six months of the first year of the project, and that is to be located within the county of Mesa, Arizona; and as further described in the loan agreement. For the duration of the project, the LE camp is entitled to receive a one-half interest in the FARM and is authorized to draw upon the cash fund established herein to the extent necessary to acquire materials to begin farming. Notwithstanding the foregoing, any portion of any loan or other funding the LE camp wishes to utilize that the borrower may not agree to be hereby expressly excluded. 2. Terms of The loan is limited at the interest rate set forth herein for the purpose of repayment. 3. Use of proceeds of The loan is secured by the principal property leased by the Borne Pequot's for the purposes of cultivation and manufacture of marijuana. The leased property shall be held and controlled as a trust under the laws of the State of Arizona. The proceeds of the loan shall be applied as provided in the provisions of the loan agreement for the purposes described herein. 4. Liability of The parties agree that, notwithstanding the foregoing, no borrower, holder of a lien or covenants shall be deemed to be acting in good faith with respect to the proceeds of the loan, in particular, neither party shall be entitled to claim any lien or obligation under the lease, whether such lien or obligation would be enforceable as against the party that holds the lien or obligation. 5. Liability of The parties agree that, notwithstanding the foregoing, LOAN AGREEMENT and PROMISSORY NOTE, the proceeds of the loan will not be subject to the limitations upon indebtedness provided in the Revised Statutes of Arizona (Ariz. Rev. Stat. Ann. 5-101 et seq.

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