EX-10
from 10-12G
1 page
I Agree That the $80,000 Loaned by Me to Qualsec Shall Be Non-Interest Bearing and Repayable Out of the Proceeds of the Proposed Regulation a Offering. I Indicate by This Letter That I Am Willing to Advance Up to $300,000 in Total Which Shall Likewise Be Non-Interest Bearing. However, in the Event Any Such Amount Is Not Repaid by June 30, 2007 It Shall Convert Into a Convertible Note Bearing Interest at 8% Commencing on July 1, 2008 and Convertible, at My Option, Into Common Stock at a Price Equal to 75% of the Initial Trading Price of the Common Stock. the Further Terms of the Convertible Note Will Be Mutually Agreed Upon. /S/ Joel Hand
12/34/56
