Exhibit 10.1
 
PROMISSORY NOTE
 
US $25,000
                                 Maturity: June 24, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of Twenty Five Thousand United States Dollars (US
$25,000), together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
June 24, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on the Maturity Date. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of June 24, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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PROMISSORY NOTE
 
US $61,500
 
        Maturity: August 5, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of Sixty One Thousand and Five Hundred United States
Dollars (US $61,500), together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
August 5, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on the Maturity Date. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of August 5, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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PROMISSORY NOTE
 
US $10,000
 
     Maturity: August 16, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Langsa, Ltd., a Mauritius corporation
(“Holder”/”Payee”) the sum of Ten Thousand United States Dollars (US $10,000),
together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
August 16, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on the Maturity Date. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of August 16, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Langsa, Ltd.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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PROMISSORY NOTE
 
US $500
 
            Maturity: On Demand

 
 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of Five Hundred United States Dollars (US $500),
together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
September 14, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on demand by Holder. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of September 14, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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PROMISSORY NOTE
 
US $5,000
     Maturity: October 3, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of Five Thousand United States Dollars (US $5,000),
together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
October 3, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on October 3, 2012. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of October 3, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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PROMISSORY NOTE
 
US $22,126.49
            Maturity: On Demand

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Ilyas Chaudhary, an individual (“Holder”/”Payee”) the sum
of Twenty Two Thousand, One Hundred and Twenty Six United States Dollars and
Forty Nine Cents (US $22,126.49), together with an interest at a rate 7% per
month.
 
The effective date for the purpose of the calculation of the interest will be
October 3, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on demand. The note is not secured by the
issuer’s assets. Should the parties wish to extend the terms of the loan then
such extension will be made with a written amendment by the parties and at the
negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of October 3, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Ilyas Chaudhary    
By: Ilyas Chaudhary
     
Its: CEO
 

 
 
 

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PROMISSORY NOTE
 
US $173,000
 
            Maturity: October 28, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of One Hundred and Seventy Three Thousand United
States Dollars (US $173,000), together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
October 28, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on the Maturity Date. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of October 28, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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.
PROMISSORY NOTE
 
US $1,000
   
        Maturity: November 2, 2012

 
FOR VALUE RECEIVED, SAGA ENERGY, INC., a Florida corporation, having its
principal office at 1509 East Chapman Ave, Orange, CA 92866, (“Maker”) promise
to pay to the order of Blue Sky Energy and Power, Inc., a Delaware corporation
(“Holder”/”Payee”) the sum of One Thousand United States Dollars (US $1,000),
together with an interest at a rate 7% per month.
 
The effective date for the purpose of the calculation of the interest will be
November 2, 2011. The entire principal, along with any accrued unpaid interest
shall be fully and immediately payable on the Maturity Date. The note is not
secured by the issuer’s assets. Should the parties wish to extend the terms of
the loan then such extension will be made with a written amendment by the
parties and at the negotiated interest rate for the extension period.
 
This note shall take effect as a sealed instrument and be enforced in accordance
with the laws of the State of California.
 
The Promissory Note will be effective as of November 2, 2011.
 
Maker:
Holder:
    /s/ Ilyas Chaudhary /s/ Ilyas Chaudhary    
Saga Energy, Inc.
Blue Sky Energy and Power, Inc.
   
By: Ilyas Chaudhary
By: Ilyas Chaudhary
   
Its: CEO
Its: President

 
 
 

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