15% Senior Secured Convertible Note Sample Contracts

BeesFree, Inc. – 15% Senior Secured Convertible Note (January 6th, 2014)

THIS NOTE AND THE SECURITIES OBTAINABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE ACT"), OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

BeesFree, Inc. – 15% Senior Secured Convertible Note (March 15th, 2013)

THIS NOTE AND THE SECURITIES OBTAINABLE UPON CONVERSION HEREOF HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED ("THE ACT"), OR THE SECURITIES LAWS OF ANY STATE. THE SECURITIES MAY NOT BE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN APPLICABLE EXEMPTION FROM OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AS EVIDENCED BY A LEGAL OPINION OF COUNSEL TO THE TRANSFEROR TO SUCH EFFECT, THE SUBSTANCE OF WHICH SHALL BE REASONABLY ACCEPTABLE TO THE COMPANY.

Amacore Group – The AMACORE GROUP, INC. 15% SENIOR SECURED CONVERTIBLE NOTE Due June 30, 2012 (June 8th, 2011)

FOR VALUE RECEIVED, upon the terms and subject to the conditions set forth in this senior secured convertible note (this "Note"),THE AMACORE GROUP, INC., a Delaware corporation (the "Company"), absolutely and unconditionally promises to pay to the order of VICIS CAPITAL MASTER FUND (the "Holder"), upon due presentation and surrender of this Note, on June 30, 2012 (the "Maturity Date"), the principal amount of _______________ ($____________) and accrued interest thereon as hereinafter provided. This Note is issued in connection with a certain Securities Purchase Agreement, dated as of June 2, 2011, between the Company and the Holder (the "Purchase Agreement"), all terms of which are incorporated herein by this reference and hereby made a part of this Note. Capitalized terms not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement.

Amacore Group – The AMACORE GROUP, INC. 15% SENIOR SECURED CONVERTIBLE NOTE Due June 30, 2011 (August 18th, 2010)

FOR VALUE RECEIVED, upon the terms and subject to the conditions set forth in this senior secured convertible note (this "Note"),THE AMACORE GROUP, INC., a Delaware corporation (the "Company"), absolutely and unconditionally promises to pay to the order of VICIS CAPITAL MASTER FUND (the "Holder"), upon due presentation and surrender of this Note, on June 30, 2011 (the "Maturity Date"), the principal amount of __________________________ Dollars ($___________) and accrued interest thereon as hereinafter provided. This Note is issued in connection with a certain Securities Purchase Agreement, dated of August 16, 2010, between the Company and the Holder (the "Purchase Agreement"), all terms of which are incorporated herein by this reference and hereby made a part of this Note. Capitalized terms not defined herein shall have the respective meanings ascribed to them in the Purchase Agreement.