Delayed Draw Note Sample Contracts

Paulson Capital Corp. – Form of Delayed Draw Note (July 28th, 2014)

FOR VALUE RECEIVED, VARIATION BIOTECHNOLOGIES (US), INC., a Delaware corporation (the "Borrower"), promises to pay to PCOF 1, LLC (together with any of its successors, transferees and assignees, the "Lender") on the Maturity Date (as such date may be accelerated pursuant to the Credit Agreement, defined below) the principal sum of [_______] [($_______)] or, if less, the aggregate unpaid principal amount of the Delayed Draw Loan shown on the schedule attached hereto (and any continuation thereof) made by the Lender pursuant to the Credit Agreement and Guaranty, dated as of [_________ __] (as amended or otherwise modified from time to time, the "Credit Agreement"), by and among the Borrower, each Guarantor party thereto and the Lender. Unless otherwise defined, capitalized terms used herein have the meanings provided in the Credit Agreement.

Particle Drilling Technologies, Inc. – Delayed Draw Note (March 9th, 2009)

THE PARTIES IN INTEREST HERETO HAVE AGREED THAT THIS NOTE SHALL BE TREATED AS A CONTINGENT PAYMENT UNDER TREASURY REGULATION 1.1275-4(c)(4) PROMULGATED UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Particle Drilling Technologies, Inc. – Contract (March 9th, 2009)
Particle Drilling Technologies, Inc. – Delayed Draw Note (March 9th, 2009)

THE PARTIES IN INTEREST HERETO HAVE AGREED THAT THIS NOTE SHALL BE TREATED AS A CONTINGENT PAYMENT UNDER TREASURY REGULATION 1.1275-4(c)(4) PROMULGATED UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED.

Particle Drilling Technologies, Inc. – Contract (March 9th, 2009)