PROMlSSORY NOTENet Element, Inc. • August 13th, 2020 • Services-computer processing & data preparation • Florida
FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, Mullen Technologies, Inc., a California corporation (hereinafter referred to as "Maker"), hereby unconditionally promises to pay to Net Element, Inc, a Delaware corporation (and together with its successors and assigns, hereinafter referred to as "Holder"), in the manner hereinafter provided, the aggregate principal sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000) in immediately available funds and in lawful money of the United States of America, together with interest thereon, all in accordance with the provisions hereinafter specified.
