Grid Promissory Note Sample Contracts

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IVAX Diagnostics, Inc. – FIRST Amendment to GRID PROMISSORY NOTE (November 3rd, 2017)

This First Amendment to Grid Promissory Note (the "First Amendment") is entered into as of October 30, 2017, by and between ERBA Diagnostics, Inc., a Delaware corporation ("Maker"), and Erba Diagnostics Mannheim GmbH, a company organized under the laws of Germany which is the majority stockholder of Maker ("Holder").

Gateway Inds Inc – Second Amendment to Line of Credit Grid Promissory Note (August 23rd, 2017)

THIS SECOND AMENDMENT TO THE LINE OF CREDIT GRID PROMISSORY NOTE ("Amendment") is made and entered into as of August 21, 2017, by and between Function(x) Inc., a Delaware corporation formerly known as Viggle Inc. (the "Borrower"), and Sillerman Investment Company IV, LLC (the "Lender").

Gateway Inds Inc – Line of Credit Grid Promissory Note (August 23rd, 2017)
Canadian Cannabis Corp. – The Clinic Network Grid Promissory Note (May 12th, 2017)

FOR VALUE RECEIVED, the undersigned, The Clinic Network, the Borrower, acknowledges itself indebted and unconditionally promises to pay, ON DEMAND to, or to the order of, Avonlea-Drewry Holdings Inc., the Holder at its offices at 15466 The Gore Road, Caledon, ON L7C 3E5 or such other place as the Holder may, from time to time, designate, the principal amount outstanding as recorded by the Borrower in the column entitled Unpaid Principal Balance on the record (the Grid) attached to and forming part of this Note. The Unpaid Principal Balance shall not, at any time, exceed $500,000.

IVAX Diagnostics, Inc. – Grid Promissory Note (December 2nd, 2016)

FOR VALUE RECEIVED, the sufficiency of which is hereby acknowledged, the undersigned, ERBA Diagnostics, Inc., a Delaware corporation ("Maker"), promises to pay to the order of Erba Diagnostics Mannheim GmbH, a company organized under the laws of Germany which is the majority stockholder of Maker ("Holder"), the principal sum of one million United States dollars (U.S.$1,000,000.00) or so much thereof as may be loaned by Holder to Maker as shown on the attached Schedule (the "Principal"), plus interest (the "Interest") on the Principal from time to time remaining unpaid, calculated at the simple rate of three and one-half percent (3.5%) per annum, and payable as hereinafter set forth. Interest shall be calculated on the basis of a year of three hundred sixty (360) days for the actual number of days elapsed.

Gateway Inds Inc – Line of Credit Grid Promissory Note (June 12th, 2015)
Methes Energies International L – Demand Grid Promissory Note (August 20th, 2013)

FOR VALUE RECEIVED the undersigned hereby unconditionally promises to pay on the earlier of (i) DEMAND and (ii) 365 days following the date hereof, to BridgingFactor Inc. (the "Lender") or order at 949 Wilson Avenue, Toronto, Ontario, M3K 1G2 or such other place as the Lender may direct in writing the lesser of SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS ($750,000) and so much thereof as may be owing to the Lender by the Debtor from time to time according to the records of the Lender together with interest thereon calculated from the date hereof on the average daily balance of such sum and payable all as set out below at the same place, both before and after demand, maturity, default and judgment, at a nominal rate per annum of the Bank of Montreal Prime Rate (being the floating annual rate of interest established from time to time by Bank of Montreal as the base rate it will use to determine rates of interest on Canadian dollar loans to customers in Canada and designated as Prime Rate) p

Gateway Inds Inc – Amended and Restated Line of Credit Grid Promissory Note (March 15th, 2013)
Gateway Inds Inc – Line of Credit Grid Promissory Note (February 14th, 2013)
Gateway Inds Inc – Amended and Restated Line of Credit Grid Promissory Note (January 11th, 2013)
Gateway Inds Inc – Amended and Restated Line of Credit Grid Promissory Note (December 17th, 2012)
Gateway Inds Inc – Amended and Restated Line of Credit Grid Promissory Note (November 5th, 2012)
Gateway Inds Inc – Line of Credit Grid Promissory Note (July 6th, 2012)
Gateway Inds Inc – Line of Credit Grid Promissory Note (July 6th, 2012)
Gateway Inds Inc – Form of Line of Credit Grid Promissory Note (April 9th, 2012)
Gateway Inds Inc – Form of Line of Credit Grid Promissory Note (April 5th, 2012)
Ameritrans Capital Corporation – Demand Grid Promissory Note Prime Rate (April 13th, 2011)

FOR VALUE RECEIVED, the undersigned, ELK ASSOCIATES FUNDING CORP. (the Borrower) HEREBY PROMISES TO PAY to the order of ISRAEL DISCOUNT BANK OF NEW YORK, its successors and assigns (hereinafter the Bank), the principal amount of Three Hundred and Fifty-Two Thousand ($352,000.00), in lawful money of the United States (the Loan), or the aggregate unpaid principal amount of all revolving credit advances (hereinafter each being referred to as an Advance and collectively, the Advances) made to Borrower, as set forth on Banks computer system on the Loan Enquiry Page(s) (the Loan Enquiry Page(s)) ON DEMAND or on the maturity date of each such Advance as shown on the Loan Enquiry Page(s), and in no event later than the Maturity Date, and to pay interest on the unpaid principal balance of this Demand Grid Promissory Note (this Note) in the manner and at the rate as hereinafter specified and such amounts due hereunder.

Precision Aerospace Components, Inc. – Demand Grid Promissory Note Prime Rate (October 1st, 2010)

FOR VALUE RECEIVED, the undersigned, Freundlich Supply Company, Inc. (the "Borrower") HEREBY PROMISES TO PAY to the order of ISRAEL DISCOUNT BANK OF NEW YORK, its successors and assigns (hereinafter the "Bank"), the principal amount of Two Million Eight Hundred Thousand ($2,800,000.00), in lawful money of the United States (the "Loan"), or the aggregate unpaid principal amount of all revolving credit advances (hereinafter each being referred to as an "Advance" and collectively, the "Advances") made to Borrower, as set forth on Bank's computer system on the Loan Enquiry Page(s) (the "Loan Enquiry Page(s)") ON DEMAND or on the maturity date of each such Advance as shown on the Loan Enquiry Page(s), and in no event later than the Maturity Date, and to pay interest on the unpaid principal balance of this Demand Grid Promissory Note (this "Note") in the manner and at the rate as hereinafter specified and such amo unts due hereunder.

Precision Aerospace Components, Inc. – Demand Grid Promissory Note Prime Rate (September 3rd, 2009)

FOR VALUE RECEIVED, the undersigned, Freundlich Supply Company, Inc. (the "Borrower") HEREBY PROMISES TO PAY to the order of ISRAEL DISCOUNT BANK OF NEW YORK, its successors and assigns (hereinafter the "Bank"), the principal amount of Two Million Eight Hundred Thousand ($2,800,000.00), in lawful money of the United States (the "Loan"), or the aggregate unpaid principal amount of all revolving credit advances (hereinafter each being referred to as an "Advance" and collectively, the "Advances") made to Borrower, as set forth on Bank's computer system on the Loan Enquiry Page(s) (the "Loan Enquiry Page(s)") ON DEMAND or on the maturity date of each such Advance as shown on the Loan Enquiry Page(s), and in no event later than the Maturity Date, and to pay interest on the unpaid principal balance of this Demand Grid Promissory Note (this "Note") in the manner and at the rate as hereinafter specified and such amounts due hereunder.

Precision Aerospace Components, Inc. – Revolving Credit Line. Advances Under the Revolving Credit Line Shall Be Evidenced by IDB's Demand Grid Promissory Note (The "Note") in the Principal Amount of $2,800,000.00 (Revolving Principal Amount). Any Advance Under the Line Made at the Discretion of IDB Shall Be in an Amount Not Less Than $50,000. (September 3rd, 2009)
Vu1 Corporation – Vu1 Corporation Amendment No. 1 to Secured Convertible Grid Promissory Note (September 1st, 2009)

This Amendment No. 1 to Secured Convertible Grid Promissory Note (this "Amendment") is entered into as of August 31, 2009 and amends that certain Secured Convertible Grid Promissory Note dated June 8, 2009 (the "Original Note") issued by Vu1 Corporation, a California corporation (the "Company"), to Full Spectrum Capital LLC, a Washington limited liability company (the "Holder"). All capitalized terms used in this Amendment but not defined herein have the meanings ascribed to them in the Original Note.

Vu1 Corporation – Secured Convertible Grid Promissory Note (June 10th, 2009)
Ameritrans Capital Corporation – Demand Grid Promissory Note Prime Rate (May 15th, 2009)

FOR VALUE RECEIVED, the undersigned, ELK ASSOCIATES FUNDING CORP. (the Borrower) HEREBY PROMISES TO PAY to the order of ISRAEL DISCOUNT BANK OF NEW YORK, its successors and assigns (hereinafter the Bank), the principal amount of Three Hundred and Fifty-Two Thousand ($352,000.00), in lawful money of the United States (the Loan), or the aggregate unpaid principal amount of all revolving credit advances (hereinafter each being referred to as an Advance and collectively, the Advances) made to Borrower, as set forth on Banks computer system on the Loan Enquiry Page(s) (the Loan Enquiry Page(s)) ON DEMAND or on the maturity date of each such Advance as shown on the Loan Enquiry Page(s), and in no event later than the Maturity Date, and to pay interest on the unp aid principal balance of this Demand Grid Promissory Note (this Note) in the manner and at the rate as hereinafter specified and such amounts due hereunder.

Advanced Proteome Therapeutics CORP – Schedule a Grid Promissory Note (February 15th, 2008)

This Note, made in the Province of British Columbia, will be governed by and construed in accordance with the laws of the Province of British Columbia and the laws of Canada applicable therein.

Iporussia, Inc. – Grid Promissory Note (February 1st, 2008)

FOR VALUE RECEIVED, on the Maturity Date (as defined below) and as permitted herein, Bonds.com Group, Inc., a corporation formed under the laws of the State of Delaware (the "BORROWER"), with offices at 1515 South Federal Highway, Suite 212A, Boca Raton, Florida 33432, promises to pay to the order of Christopher D. Moody (the "LENDER"), at Borrower's offices or at such other place as the Lender may designate in writing, the principal sum of the principal amount of loans (the "LOANS") outstanding hereunder, as conclusively evidenced on the grid attached hereto as Schedule I plus all accrued and unpaid interest on December 31, 2008 (the "Maturity Date").

Iporussia, Inc. – Grid Promissory Note (February 1st, 2008)

FOR VALUE RECEIVED, on the Maturity Date (as defined below) and as permitted herein, Bonds.com Group, Inc., a corporation formed under the laws of the State of Delaware (the "BORROWER"), with offices at 1515 South Federal Highway, Suite 212A, Boca Raton, Florida 33432, promises to pay to the order of John Barry, III (the "LENDER"), at Borrower's offices or at such other place as the Lender may designate in writing, the principal sum of the principal amount of loans (the "LOANS") outstanding hereunder, as conclusively evidenced on the grid attached hereto as Schedule I plus all accrued and unpaid interest on December 31, 2008 (the "Maturity Date").

Cohen & Steers Global Income Builder, Inc. – Amendment Two to Revolving (Grid) Promissory Note and Loan Agreements (September 28th, 2007)

This Amendment Two is dated as of September 27, 2007 and is made by and between INTEGRATED BIOPHARMA, INC. (the Borrower) and AMALGAMATED BANK, a New York banking corporation (the Bank).

Sound Surgical Technologies Inc. – Grid Promissory Note (May 3rd, 2005)

For value received, receipt and sufficiency of which is acknowledged, Sound Surgical Technologies LLC, a limited liability company organized and existing under the laws of the state of Colorado, and having its executive office at 13952 Denver West Parkway, Suite 150, Golden, Colorado 80401 (Borrower) promises to pay to Christopher T. Payne (Lender) on or before June 30, 2005 at 634 Humphrey Drive, Evergreen, CO 80439 the principal sum of Three Hundred Thousand United States Dollars ($300,000.00) or, if less, the principal amount shown to be due on the attached schedule, together with interest on the unpaid principal balance from time to time at the rate of forty two percent (42%) per year from the date of borrowing of such principal amount until paid in full. Borrower authorizes and appoints Christopher T. Payne as agent of Borrower to enter each borrowing and repayment of principal under this Note on the schedule attached to and hereby incorporated in this Note and agrees that such en

Blink Logic Inc. – Grid Promissory Note (March 31st, 2005)

FOR VALUE RECEIVED, the undersigned, DataJungle, Inc. (the Company), hereby acknowledges itself indebted and promises to pay to _____________ (the "Lender"), within 30 days of demand, the outstanding principal amount of all loans (the Loans) made by the Lender to the Company as recorded by the Lender on the Schedule annexed hereto, and to pay interest (including interest on overdue interest) in like money as well after as before maturity, default and judgment on the outstanding amount thereof at Ottawa, Ontario, at the rate of interest of 10 percent per annum compounded and payable semi annually.

Sound Surgical Technologies Inc. – Grid Promissory Note (February 10th, 2005)

For value received, receipt and sufficiency of which is acknowledged, Sound Surgical Technologies LLC, a limited liability company organized and existing under the laws of the state of Colorado, and having its principal office at 1300 Plaza Court North, Suite 103, Lafayette, Colorado 80026 (Borrower) promises to pay to Donald B. Wingerter (Lender) at 684 Humphrey Drive, Evergreen, CO 80439 the principal sum of Five Hundred Thousand United States Dollars (US$500,000.00) or, if less, the principal amount shown to be due on the attached schedule, together with interest on the unpaid principal balance from time to time at the rate of twelve percent (12%) per year from the date of borrowing of such principal amount until paid in full. Borrower authorizes and appoints Douglas D. Foote as agent of Borrower to enter each borrowing and repayment of principal under this Note on the schedule attached to and hereby incorporated in this Note and agrees that such entries shall be conclusive evidence

Sound Surgical Technologies Inc. – Grid Promissory Note (December 20th, 2004)

For value received, receipt and sufficiency of which is acknowledged, Sound Surgical Technologies LLC, a limited liability company organized and existing under the laws of the state of Colorado, and having its principal office at 357 So. McCaslin Blvd., Suite 100, Louisville, CO 80027 (Borrower) promises to pay to Donald B. Wingerter (Lender) on demand at 684 Humphrey Drive, Evergreen, CO 80439 the principal sum of One Million Two Hundred Thousand United States Dollars (US$1,200,000.00) or, if less, the principal amount shown to be due on the attached schedule, together with interest on the unpaid principal balance from time to time at the rate of twelve percent (12%) per year from the date of borrowing of such principal amount until paid in full. Borrower authorizes and appoints Douglas D. Foote as agent of Borrower to enter each borrowing and repayment of principal under this Note on the schedule attached to and hereby incorporated in this Note and agrees that such entries shall be c

Guideline – Amendment No. 2 and Consent to Amended and Restated Senior Grid Promissory Note (August 13th, 2004)

This AMENDMENT NO. 2 AND CONSENT, dated as of May 20, 2004 (this "Amendment"), is made by and between FIND/SVP, INC., a New York corporation (the"Borrower"),and JPMORGAN CHASE BANK (the "Bank").

Blink Logic Inc. – Form of Grid Promissory Note (April 30th, 2004)

For value received, DataJungle Software Inc. (hereinafter referred to as the Borrower) promises to pay to the order of __________________ (hereinafter referred to as the Lender) in the City of ______, ______ or at such other place as the holder hereof may, from time to time designate in writing, the outstanding principal amount of all advances (collectively the Loan) made by the Lender to the Borrower as recorded by the Lender on the Schedule annexed hereto, in legal and lawful money of United States of America, with interest on the principal outstanding from time to time until paid, both before and after maturity, at the rate of twelve percent (12%) per annum. This Note evidences the advances made by the Lender to the Borrower from time to time and repayments made by the Borrower to the Lender fro m time to time.

Blink Logic Inc. – Grid Promissory Note (April 30th, 2004)

FOR VALUE RECEIVED, the undersigned, DataJungle, Inc. (the Company), hereby acknowledges itself indebted and promises to pay to _____________ (the "Lender"), within 30 days of demand, the outstanding principal amount of all loans (the Loans) made by the Lender to the Company as recorded by the Lender on the Schedule annexed hereto, and to pay interest (including interest on overdue interest) in like money as well after as before maturity, default and judgment on the outstanding amount thereof at Ottawa, Ontario, at the rate of interest of 10 percent per annum compounded and payable semi annually.

Energy Quest, Inc. – CONVERTIBLE GRID PROMISSORY NOTE (The "Note") (August 19th, 2002)

FOR VALUE RECEIVED, Fairchild hereby promises to pay to the order of Patch at 100 - 856 Homer Street, Vancouver, B.C. or at such other address as Patch may in writing advise Fairchild, the unpaid principal balance of all advances made by Patch to Fairchild under the Loan as recorded by Patch on the grid or grids attached hereto (the "Grid"), together with interest at the rate of 8% per annum calculated monthly.