Demand Note Sample Contracts

Exhibit 10.20 DEMAND NOTE New York, New York January 31, 2003
Demand Note • December 22nd, 2004 • Fusion Telecommunications International Inc • Telephone communications (no radiotelephone)

ON DEMAND, for value received, Fusion Telecommunications International, Inc., a Delaware corporation ("Fusion"), whose principal place of business is 420 Lexington Avenue, Suite 518, New York, New York 10170, promises to pay Philip D. Turits, a resident of the State of New York ("Lender"), the sum of TEN THOUSAND ONE HUNDRED EIGHTY-THREE AND 10/100 DOLLARS ($10,183.20) in lawful money of the United States of America or such lesser sum as may be demanded hereunder. This Demand Note is being executed and delivered outside the State of Florida.

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DEMAND NOTE (The One Group)
Demand Note • October 16th, 2013 • COMMITTED CAPITAL ACQUISITION Corp • Blank checks • New York

FOR VALUE RECEIVED, THE ONE GROUP, LLC, a Delaware limited liability company, having an address at 411 West 14'h Street, Suite 200, New York, New York 10014 (hereinafter referred to as "Maker"), promises to pay to the order of RCI II, LTD, a Jersey Island limited liability company (hereinafter referred to as "Payee"), at 411 West 14th Street, Suite 200, New York, New York 10014 or at such other place as the holder hereof may from time to time designate in writing, the principal sum of SEVEN HUNDRED SEVENTY THOUSAND NINE HUNDRED SEVENTY ONE AND 25/100 DOLLARS ($770,971.25), in lawful money of the United States of America, at the place and in the manner hereinafter provided, with interest thereon to be computed from the date of the first Disbursement (as hereinafter defined) on the outstanding principal balance of this Note from time to time (hereinafter referred to as the "Principal Balance") at the rate of twelve percent (12.00%) per annum and to be paid on DEMAND. Interest shall be co

DEMAND NOTE
Demand Note • June 26th, 2008 • Granahan McCourt Acquisition CORP • Radio & tv broadcasting & communications equipment

FOR VALUE RECEIVED, the undersigned, Granahan McCourt Acquisition Corporation, a Delaware corporation (the “Borrower”), hereby unconditionally promises to pay, as provided below, to David C. McCourt (the “Lender”), the principal sum of six hundred thousand U.S. dollars ($600,000), by wire transfer of immediately available funds. No interest shall accrue on the unpaid principal balance of this Demand Note. Capitalized terms used and not defined herein shall have the meanings set forth in Borrower’s fourth amended and restated certificate of incorporation.

DEMAND NOTE
Demand Note • November 14th, 2000 • Usdata Corp • Services-prepackaged software
ALLONGE TO DEMAND NOTE
Demand Note • December 14th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

Allonge to that certain Demand Note in the principal amount of $25,000.00, dated January 25, 2013, as amended pursuant to that Amendment to Demand Note dated March 1, 2016 (the “Amendment”) attached hereto as Exhibit 1 and made a part hereof, from Interactive Motion Technologies, Inc. (now known as Bionik, Inc.), as Maker, to the order of Neville Hogan, as Holder (“Allonge”).

DEMAND NOTE
Demand Note • May 13th, 2004 • Military Resale Group Inc • Wholesale-groceries, general line

FOR VALUE RECEIVED, MILITARY RESALE GROUP, INC., the undersigned maker (the "Borrower"), hereby unconditionally promises to pay to the order of Edward T. Whelan ("Lender"), at such place as Lender may specify from time to time, upon the earlier of ON DEMAND or June 30, 2003, in lawful money of the United States of America and in immediately available funds, the principal sum of Ten Thousand Dollars ($10,000.00) together with interest thereon at the rate of EIGHT PERCENT (8%) per annum.

DEMAND NOTE $ 176,592.50 September 19, 1997
Demand Note • November 12th, 1997 • Sanchez Computer Associates Inc • Services-computer integrated systems design
DEMAND NOTE
Demand Note • October 13th, 2005 • Chapeau Inc • Retail-apparel & accessory stores

FOR VALUE RECEIVED, the undersigned, Chapeau, Inc. (d/b/a BluePoint Energy, Inc.), a corporation organized under the laws of Utah (“Borrower”) hereby unconditionally promises to pay to the order of John P. Calamos, Sr., (“Lender”), ON DEMAND, to such place as the holder of this Note may from time to time designate in writing, in lawful money of the United States of America, the principal sum of Two Hundred Thousand Dollars ($200,000.00), or if less, the aggregate unpaid principal amount of all loans made by Lender to Borrower hereunder, together with all accrued interest on the unpaid principal balance hereof as provided below.

DEMAND NOTE
Demand Note • July 29th, 2019 • CurAegis Technologies, Inc. • Motor vehicle parts & accessories • New York

BORROWER: CurAegis Technologies, Inc., a New York corporation with an office at 1999 Mt. Read Boulevard, Building 3, Rochester, New York 14615 and _________________________, an individual with an address of _________________________.

DEMAND NOTE
Demand Note • March 31st, 2000 • Onepoint Communications Corp /De • Telephone communications (no radiotelephone)

This Note has been executed by COMPLUS, L.P., a Delaware Limited Partnership with its principal office located at 100 Newport Avenue Extension, Quincy, MA 02171 ("Borrower").

DEMAND NOTE FOR VALUE RECEIVED, the undersigned, Ryan Mullaney, promises to pay to the order of USN Communications, Inc. (the "Holder"), on demand, ____________________________________ and No/100 Dollars ($________). Interest on the unpaid principal...
Demand Note • March 31st, 1998 • Usn Communications Inc • Telephone communications (no radiotelephone)

FOR VALUE RECEIVED, the undersigned, Ryan Mullaney, promises to pay to the order of USN Communications, Inc. (the "Holder"), on demand, ____________________________________ and No/100 Dollars ($________). Interest on the unpaid principal balance hereof shall be computed from the date hereof, on a 365-day year basis, for the actual number of days elapsed, at a per annum rate equal to the Prime Rate, and shall be due and payable on demand. "Prime Rate" shall mean the prime rate as reported from time to time in the Wall Street Journal.

DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

AND: Interactive Motion Technologies Inc. (the “borrower”), a corporation organized and existing under the laws of the state of Massachusetts, with its head office located at: 80 Coolidge Hill Road, Watertown, MA 02472

AMENDMENT TO DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

THIS AMENDMENT TO DEMAND NOTE (this “Amendment”) is by and between HERMANO IGO KREBS (the “Lender”) and INTERACTIVE MOTION TECHNOLOGIES INC., a Massachusetts corporation (the “Borrower”).

DEMAND NOTE
Demand Note • September 4th, 2008 • Granahan McCourt Acquisition CORP • Radio & tv broadcasting & communications equipment

FOR VALUE RECEIVED, the undersigned, Granahan McCourt Acquisition Corporation, a Delaware corporation (the “Borrower”), hereby unconditionally promises to pay, as provided below, to David C. McCourt (the “Lender”), the principal sum of Nine-Hundred Thousand Dollars ($900,000), by wire transfer of immediately available funds. No interest shall accrue on the unpaid principal balance of this Demand Note. Capitalized terms used and not defined herein shall have the meanings set forth in Borrower’s fourth amended and restated certificate of incorporation.

AMENDMENT TO DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

THIS AMENDMENT TO DEMAND NOTE (this “Amendment”) is by and between NEVILLE HOGAN (the “Lender”) and INTERACTIVE MOTION TECHNOLOGIES INC., a Massachusetts corporation (the “Borrower”).

DEMAND NOTE PRECISION OPTICS CORPORATION, INC. July 13, 2011
Demand Note • September 28th, 2011 • Precision Optics Corporation Inc • Electromedical & electrotherapeutic apparatus

AND: Precision Optics Corporation, Inc., a Massachusetts corporation (the “Company”), having its principal place of business at 22 East Broadway, Gardner, MA 01440.

DEMAND NOTE Maker: Payee: The JPM Company of Delaware, Inc. Fritz Junginger $1,000,000.00 November 12, 1998 FOR VALUE RECEIVED, and intending to be legally bound hereby, the undersigned, their successors and assigns ("Maker"), promises to pay to the...
Demand Note • December 22nd, 1998 • JPM Co • Electronic components, nec

This Agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania disregarding rules regarding conflict of laws.

EXHIBIT 10.1.4 $100,000 Demand Note between Datalinc Ltd. and Blue Chip Capital Fund Limited dated June 27, 1997 DEMAND NOTE
Demand Note • August 11th, 1997 • Thrucomm Inc • Communications services, nec • Ohio

For value received, the undersigned, Datalinc, Ltd., a Florida limited partnership (the "Borrower"), promises to pay to the order of BLUE CHIP CAPITAL FUND LIMITED PARTNERSHIP (the "Investor") the principal sum of $100,000. The unpaid principal amount of this note shall bear interest at the rate of ten percent (10%) per annum.

DEMAND NOTE
Demand Note • June 18th, 2007 • Northwest Biotherapeutics Inc • Pharmaceutical preparations • Delaware
DEMAND NOTE
Demand Note • July 15th, 1997 • Diplomat Ambassador Inc

The undersigned hereby promises to pay to the order of CoreStates Bank, N.A. ("Lender") the principal sum of TWELVE MILLION DOLLARS ($12,000,000), or, if less, the unpaid balance of the Demand Line (as such term is defined in the Loan Agreement hereinafter mentioned), ON DEMAND and at such other times as set forth in the Loan Agreement, together with interest at the rates and times provided in the Loan Agreement.

DEMAND NOTE
Demand Note • February 14th, 2003 • Tangram Enterprise Solutions Inc • Services-prepackaged software • Delaware

FOR VALUE RECEIVED, Tangram Enterprise Solutions, Inc., a Pennsylvania corporation (the “Borrower”), having an office at 11000 Regency Parkway, Suite 301, Cary, North Carolina 27511-8504, hereby promises to pay to the order of TBBH Investments Europe AG (the “Lender”), at the Lender’s address located at 160 Jan Smuls Avenue, Rosebank 2196 South Africa or at such other place in the continental United States as the Lender may designate in writing, in lawful money of the United States, and in immediately available funds, the principal sum of One Million Two Hundred Thousand Dollars ($1,200,000), together with interest accruing on the outstanding principal balance from the date hereof, as provided below:

Demand Note -----------
Demand Note • August 3rd, 2000 • Bixby Joseph R • Life insurance

FOR VALUE RECEIVED, the undersigned, Lee M. Vogel, Richard L. Finn, and C. John Malacarne, as trustees of the Issue Trust for Lee M. Vogel created by agreement dated December 18, 1997 (collectively, "Maker"), hereby promise to pay to the order of Joseph R. Bixby, as trustee of the Joseph R. Bixby Revocable Trust created by agreement dated December 18, 1997 ("Payee"), the principal sum of $11,033,333.34 on demand by Payee or, if demand is not sooner made by Payee, on or before December 31, 2019, together with interest on the unpaid balance thereof from the date hereof until maturity at the rate herein provided.

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DEMAND NOTE
Demand Note • April 3rd, 2020 • GlassBridge Enterprises, Inc. • Investment advice • New York

BORROWER: Sport-BLX, Inc., a Delaware corporation (“Borrower”), having an office at 33 Newman Springs Road, Tinton Falls, New Jersey 07724

DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

This Demand Note Payable on Demand (the “Note”) is made and effective the Upon cashing check number 1327 from account number 009485843217 in the amount of $50,000.00 dated for 8-8-11.

DEMAND NOTE
Demand Note • November 13th, 2009 • Infinite Group Inc • Services-computer programming, data processing, etc.

FOR VALUE RECEIVED, INFINITE GROUP, INC., a corporation with offices at 60 Office Park Way, Pittsford, New York 14534 (the “Borrower”), hereby promises to pay on demand to JAMES VILLA, an individual residing at 308 Rock Beach Road, Rochester, NY 14617 (the “Lender”), the principal sum of Fifty Thousand Dollars ($50,000.00), plus accrued interest at the annual rate of twelve percent (12%).

Demand Note -----------
Demand Note • August 3rd, 2000 • Bixby Joseph R • Life insurance

FOR VALUE RECEIVED, the undersigned, Nancy Bixby Hudson, Richard L. Finn, and C. John Malacarne, as trustees of the Issue Trust for Nancy Bixby Hudson created by agreement dated December 18, 1997 (collectively, "Maker"), hereby promise to pay to the order of Joseph R. Bixby, as trustee of the Joseph R. Bixby Revocable Trust created by agreement dated December 18, 1997 ("Payee"), the principal sum of $11,033,333.33 on demand by Payee or, if demand is not sooner made by Payee, on or before December 31, 2019, together with interest on the unpaid balance thereof from the date hereof until maturity at the rate herein provided.

AMENDMENT TO DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

THIS AMENDMENT TO DEMAND NOTE (this “Amendment”) is by and between RODOLFO ROHR (the “Lender”) and INTERACTIVE MOTION TECHNOLOGIES INC., a Massachusetts corporation (the “Borrower”).

AMENDED AND RESTATED DEMAND NOTE
Demand Note • November 14th, 1995 • JMB 245 Park Avenue Associates LTD • Land subdividers & developers (no cemeteries) • Illinois
DEMAND NOTE FOR VALUE RECEIVED, the borrower, 9006-1474 Quebec, Inc., who has execute this note below shall pay to Lator International, Inc. (the lender or his or her assignee) the principle amount of fifty thousand dollars ($50,000), together with...
Demand Note • August 9th, 1999 • American Group Inc/Fl

FOR VALUE RECEIVED, the borrower, 9006-1474 Quebec, Inc., who has execute this note below shall pay to Lator International, Inc. (the lender or his or her assignee) the principle amount of fifty thousand dollars ($50,000), together with interest calculated at ten percent (10%), per year on the outstanding balance. The entire amount, principal and interest, shall be due and payable ON DEMAND by holder of this note. Failure to make a payment by due date shall be considered a default of the loan. Should a default exist for more than (15) days, the borrower agrees to pay the holder of this note reasonable costs of collection including attorney fees, as authorized by state law.

AMENDMENT NO. 1 to DEMAND NOTE
Demand Note • March 17th, 2005 • Metalico Inc • Primary smelting & refining of nonferrous metals

This Amendment No. 1 (this “Amendment”) is entered into as of February 9, 2005, with reference to that certain Demand Note in the original principal amount of $700,000 dated February 9, 2004 (the “Note”) made by Metalico, Inc. (“Maker”) to Carlos E. Agüero (“Payee”). The parties hereto hereby agree as follows.

DEMAND NOTE
Demand Note • April 4th, 2018 • Endurance Exploration Group, Inc. • Metal mining

ENDURANCE EXPLORATION GROUP, INC., (the "Borrower"), a corporation organized and existing under the laws of the State of Nevada, with its principal place of business located at:

DEMAND NOTE
Demand Note • October 27th, 1997 • Cultural Access Worldwide Inc
DEMAND NOTE Maker: Payee: The JPM Company of Delaware, Inc. Abelardo Fraga Jr. $1,000,000.00 November 12, 1998 FOR VALUE RECEIVED, and intending to be legally bound hereby, the undersigned, their successors and assigns ("Maker"), promises to pay to...
Demand Note • December 22nd, 1998 • JPM Co • Electronic components, nec

This Agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania disregarding rules regarding conflict of laws.

DEMAND NOTE
Demand Note • February 14th, 2003 • Archon Corp • Services-miscellaneous amusement & recreation

This Demand Note (this “Note”) is issued by Duke’s — Sparks, LLC and Endeavor North and its Guarantors (“Borrower”), in favor of ARCHON CORPORATION (“Holder”), in the face amount of Four hundred twenty-two thousand two hundred twenty four dollars and ninety cents ($422,224.90).

Exhibit 10.35 COMMERCIAL DEMAND NOTE
Demand Note • August 14th, 1998 • Paravant Computer Systems Inc /Fl/ • Electronic computers

ON DEMAND, for value received, the undersigned ("Debtor") promises to pay to the order of PARAVANT COMPUTER SYSTEMS INC. which has its principal place of business in MELBOURNE, FLORIDA. $750,000.00 Dollars in lawful money of the United States, together with interest payable commencing on July 2, 1998, and monthly thereafter and on demand. Prior to demand, principal and any overdue interest shall bear interest computed daily (on the basis of a 360-day year and actual days elapsed) at a rate which is 7 percent per annum.

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