Callable Secured Convertible Note Sample Contracts

Myecheck, Inc. – Callable Secured Convertible Note (August 13th, 2015)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms shall apply to this Note:

Myecheck, Inc. – Callable Secured Convertible Note (August 13th, 2015)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms shall apply to this Note:

Excelsis Investments Inc. – Callable Secured Convertible Note (October 1st, 2013)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The following terms shall apply to this Note:

Univec Inc. – Callable Secured Convertible Note (September 23rd, 2010)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated September 1, 2010 by and between the Borrower and the Holder.

Camelot Entertainment Group – Callable Secured Convertible Note (July 26th, 2010)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

Northstar Global Business Services, Inc – Callable Secured Convertible Note (April 2nd, 2010)

FOR VALUE RECEIVED, MED GEN, INC., a Nevada corporation (hereinafter called the Borrower), hereby promises to pay to the order of AJW Master Fund II, Ltd. or registered assigns (the Holder) the sum of $46,266.40, on February 10, 2013 (the Maturity Date), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the Interest Rate) per annum from February 10, 2010 (the Issue Date) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof until the same is paid (Default Interest). Interest shall commence acc ruing on the Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly provided that no interest shall be due and payable for any month in which the Tradi

Northstar Global Business Services, Inc – Callable Secured Convertible Note (April 2nd, 2010)

FOR VALUE RECEIVED, MED GEN, INC., a Nevada corporation (hereinafter called the Borrower), hereby promises to pay to the order of AJW Partners II, LLC or registered assigns (the Holder) the sum of $5,332.60, on February 10, 2013 (the Maturity Date), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the Interest Rate) per annum from February 10, 2010 (the Issue Date) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof until the same is paid (Default Interest). Interest shall commence accruing on the Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly provided that no interest shall be due and payable for any month in which the Trading Pr

Northstar Global Business Services, Inc – Callable Secured Convertible Note (April 2nd, 2010)

FOR VALUE RECEIVED, MED GEN, INC., a Nevada corporation (hereinafter called the Borrower), hereby promises to pay to the order of New Millennium Capital Partners III, LLC or registered assigns (the Holder) the sum of $1,551.00, on February 10, 2013 (the Maturity Date), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the Interest Rate) per annum from February 10, 2010 (the Issue Date) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof until the same is paid (Default Interest). Interest sha ll commence accruing on the Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly provided that no interest shall be due and payable for any month in

Northstar Global Business Services, Inc – Callable Secured Convertible Note (April 2nd, 2010)

FOR VALUE RECEIVED, MED GEN, INC., a Nevada corporation (hereinafter called the Borrower), hereby promises to pay to the order of AJW Master Fund, Ltd. or registered assigns (the Holder) the sum of $12,662.49, on February 10, 2013 (the Maturity Date), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the Interest Rate) per annum from February 10, 2010 (the Issue Date) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof until the same is paid (Default Interest). Interest shall commence accrui ng on the Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly provided that no interest shall be due and payable for any month in which the Trading

Northstar Global Business Services, Inc – Callable Secured Convertible Note (April 2nd, 2010)

FOR VALUE RECEIVED, MED GEN, INC., a Nevada corporation (hereinafter called the Borrower), hereby promises to pay to the order of AJW Partners, LLC or registered assigns (the Holder) the sum of $187.51, on February 10, 2013 (the Maturity Date), and to pay interest on the unpaid principal balance hereof at the rate of twelve percent (12%) (the Interest Rate) per annum from February 10, 2010 (the Issue Date) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise. Any amount of principal or interest on this Note which is not paid when due shall bear interest at the rate of fifteen percent (15%) per annum from the due date thereof until the same is paid (Default Interest). Interest shall commence accruing on t he Issue Date, shall be computed on the basis of a 365-day year and the actual number of days elapsed and shall be payable quarterly provided that no interest shall be due and payable for any month in which the Trading Price (

Camelot Entertainment Group – Camelot Entertainment Group, Inc. Index to Callable Secured Convertible Notes (March 24th, 2010)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

Camelot Entertainment Group – Callable Secured Convertible Note (September 4th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

Valor Energy Corp – Callable Secured Convertible Note (June 25th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement by and between the Borrower and the Holder.

Valor Energy Corp – Callable Secured Convertible Note (June 25th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement by and between the Borrower and the Holder.

Wellstar International – Callable Secured Convertible Note (May 27th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated May 15, 2009 by and between the Borrower and the Holder.

Callable Secured Convertible Note (January 16th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated December 31, 2008 by and between the Borrower and the Holder.

Callable Secured Convertible Note (January 16th, 2009)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and Intellectual Property Security Agreement, each dated January 31, 2007 by and between the Borrower and the Holder.

Ameriresource Techs – Callable Secured Convertible Note (December 12th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder of even date herewith.

Ameriresource Techs – Callable Secured Convertible Note (December 12th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder of even date herewith.

Ameriresource Techs – Callable Secured Convertible Note (December 12th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder of even date herewith.

Ameriresource Techs – Callable Secured Convertible Note (December 12th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder of even date herewith.

Ameriresource Techs – Callable Secured Convertible Note (December 12th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder of even date herewith.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement by and between the Borrower and the Holder of even date herewith.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement by and between the Borrower and the Holder of even date herewith.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated November 10, 2008 by and between the Borrower and the Holder.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated November 10, 2008 by and between the Borrower and the Holder.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated November 7, 2008 by and between the Borrower and the Holder.

Cyber Defense Systems Inc – Callable Secured Convertible Note (December 2nd, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement by and between the Borrower and the Holder of even date herewith.

Shearson Financial Network Inc – Senior Secured Superpriority Debtor-In-Possession Callable Secured Convertible Note (August 28th, 2008)

This Superpriority Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Superpriority Note are secured, among other things, the Security Documents, the Final Order and each of the Loan Documents, and may now or hereafter be secured by one or more other security agreements, mortgages, deeds of trust, assignments or other instruments or agreements.

Camelot Entertainment Group – Callable Secured Convertible Note (August 21st, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated July 31, 2008 by and between the Borrower and the Holder.

Camelot Entertainment Group – Callable Secured Convertible Note (August 21st, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement, each dated July 31, 2008 by and between the Borrower and the Holder.

Pacificap Entertainment Holdings Inc – Callable Secured Convertible Note (August 18th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of stockholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder, each dated July 31, 2008.

Pacificap Entertainment Holdings Inc – Callable Secured Convertible Note (August 18th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of stockholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder, each dated July 31, 2008.

Pacificap Entertainment Holdings Inc – Callable Secured Convertible Note (August 18th, 2008)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of stockholders of the Borrower and will not impose personal liability upon the holder thereof. The obligations of the Borrower under this Note shall be secured by that certain Security Agreement and that certain Intellectual Property Security Agreement by and between the Borrower and the Holder, each dated July 31, 2008.

Itronics Inc – Contract (August 12th, 2008)

THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). THE SECURITIES MAY NOT BE SOLD, TRANSFERRED OR ASSIGNED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT FOR THE SECURITIES UNDER SAID ACT, OR AN OPINION OF COUNSEL IN FORM, SUBSTANCE AND SCOPE CUSTOMARY FOR OPINIONS OF COUNSEL IN COMPARABLE TRANSACTIONS THAT REGISTRATION IS NOT REQUIRED UNDER SAID ACT OR UNLESS SOLD PURSUANT TO RULE 144 OR REGULATION S UNDER SAID ACT.