$1,000,000 March 26, 1999
FOR VALUE RECEIVED, Yoshikazu Masayoshi, Sadao Masayoshi, Sachie Masayoshi and Kazuaki
Masayoshi (jointly and severally, the "Maker") promise to pay to the order of Aura Systems, Inc. (the "Initial
Payee") One Million dollars ($1,000,000.00) at 2335 Alaska Avenue, El Segundo, California 90245 or such
other address as the Initial Payee or any subsequent holder of this Note (the holder from time to time being the
"Payee") may designate from time to time, together with interest in accordance with this Note.
1. Payment. The entire principal balance of this Note shall be payable in full, without interest, on April 15, 1999.
2. Prepayment. The Maker may prepay this Note in whole at any time without premium or penalty, but may not
prepay this Note in part.
3.1 Definition. If the Maker shall fail to pay this Note in full on or before April 15. 1999, then this Note shall be
deemed to be in "Default."
3.2 Post-Default Interest. If a Default shall occur, then, from and after April 15, 1999, the entire unpaid balance
then due and payable pursuant to this Note shall accrue interest at a rate of 16% per annum, compounded
monthly. Notwithstanding the prior sentence of this section 3.3 or any other provision of this Note, in no event
shall interest be due or payable or accrued on this Note in excess of the maximum rate of interest permitted under
applicable law. In the event that it should be determined that the Maker has paid excess interest, such excess
shall instead be treated as a prepayment of principal.
3.3 Costs. The Maker hereby further promises to pay all costs and expenses incurred in connection with the
collection and administration of this Note, including, without limitation, reasonable attorneys fees and court costs
and special bank charges.
4. Collateral. As security for this Note, the Maker has granted the Payee a security interest in two hundred eighty
(280) shares of the common stock of MYS K.K., as well as certain other instru