Line Of Credit Promissory Note Sample Contracts

Chicken Soup for the Soul Entertainment, Inc. – Commercial Revolving Line of Credit Promissory Note (May 3rd, 2018)

FOR VALUE RECEIVED, the undersigned, CHICKEN SOUP FOR THE SOUL ENTERTAINMENT, INC., a Delaware corporation, having an address at 132 East Putnam Avenue, Cos Cob, Connecticut 06807 ("CSSE") and SCREEN MEDIA VENTURES, LLC, a Delaware limited liability company, having an address at 800 Third Avenue, 3rd Floor, New York, New York 10022 ("SMV" and together with CSSE, the "Maker"), jointly and severally, promises to pay to the order of PATRIOT BANK, N.A., (the "Lender"), at its office located at 900 Bedford Street, Stamford, Connecticut 06901, the principal sum of up to TWO MILLION FIVE HUNDRED THOUSAND and 00/100 DOLLARS ($2,500,000.00) (the "LOC Loan"), or so much thereof as may be advanced or re-advanced, from time to time, together with interest payable at the rate and in the manner provided in Section 1.1 of this Commercial Revolving Line of Credit Promissory Note (this "Note"), together with all taxes assessed upon said sum (other than income or franchise taxes) against Holder of this

Adamis Pharmaceuticl – March 2018 Amended and Restated Line of Credit Promissory Note [Closed End Multiple Advance Note] (March 16th, 2018)

FOR VALUE RECEIVED, ADAMIS PHARMACEUTICALS CORPORATION, a Delaware corporation whose address is 11682 El Camino Real, Suite 300 San Diego, CA 92130 ("Maker"), promises to pay to the order of BEAR STATE BANK, N.A., a national banking association whose mailing address is 900 South Shackleford, Suite 401, Little Rock, Arkansas 72211, its successors and assigns ("Bank"), or to the order of any subsequent holder hereof, in lawful money of the United States of America, the principal sum of Two Million and No/100 United States Dollars ($2,000,000.00), or so much as may be advanced hereunder, together with interest on the unpaid principal balance (calculated on the basis of a hypothetical year of three hundred sixty (360) days, but multiplied by the actual number of days in the interest calculation period), from the date hereof at a variable rate which shall, from day to day, be equal to the lesser of: (a) the maximum rate of interest which Bank may lawfully charge under applicable law in effe

Limoneira Co – Unsecured Line of Credit Promissory Note (March 2nd, 2018)

FOR VALUE RECEIVED, LIMONEIRA LEWIS COMMUNITY BUILDERS, LLC, a Delaware limited liability company ("Borrower"), hereby promises to pay to the order of BANK OF AMERICA, N.A., a national banking association (together with any and all of its successors and assigns and/or any other holder of this Note, "Lender"), without offset, in immediately available funds in lawful money of the United States of America, at 520 Newport Center Drive, Suite 1100, Newport Beach, California 92660, or at such other place as the holder of this Note may from time to time designate in writing, the principal sum of Forty-Five Million and No/100 Dollars ($45,000,000.00) (or the unpaid balance of all principal advanced against this Note, if that amount is less), together with interest on the unpaid principal balance of this Note from day to day outstanding as hereinafter provided.

Zomedica Pharmaceuticals Corp. – Line of Credit Promissory Note (November 9th, 2017)

FOR VALUE RECEIVED, on the date hereof, ZOMEDICA PHARMACEUTICALS CORP., a Canadian corporation, whose address is 3928 Varsity Drive, Ann Arbor, Michigan 48108 (hereinafter referred to as "Borrower"), promises to pay to the order of EQUIDEBT LLC, a Michigan limited liability company (hereinafter referred to as "Lender"), at its offices located at address is 230 Huronview Blvd., Ann Arbor, MI 48103("Lender") or at such other place as Lender may designate in writing, the principal sum of Five Million and 00/100 ($5,000,000.00) Dollars, or so much thereof as may be advanced and outstanding, plus interest as hereinafter provided and any other amounts required to be paid by Borrower hereunder, in lawful money of the United States, or such lesser sum, if any, due Lender by Borrower (collectively, all of the foregoing shall be referred to as the "Indebtedness"). All capitalized terms used but not defined in this Promissory Note (this "Note") shall have the same meaning as set forth in the Loan

Zander Therapeutics, Inc – Line of Credit Promissory Note (October 4th, 2017)

FOR VALUE RECEIVED, Zander Therapeutics, Inc., ("Borrower") promises to pay to the order of Entest Biomedical, Inc. ("Lender"), a Nevada Corporation, the principal sum of Five Hundred Thousand Dollars ($500,000), or so much thereof as may be disbursed to, or for the benefit of the Borrower by Lender in Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $ 500,000 from Lender. This agreement shall also be the terms and conditions of any and all borrowed amounts outstanding as of this date.

Zomedica Pharmaceuticals Corp. – Line of Credit Promissory Note (September 1st, 2017)

FOR VALUE RECEIVED, on the date hereof, the undersigned, GERALD A. SOLENSKY, whose address is 2019 Pondway, Troy, Michigan 48098 (hereinafter referred to as "Borrower"), promises to pay to the order of EQUIDEBT LLC, a Michigan limited liability company (hereinafter referred to as "Lender"), at its offices located at address is 230 Huronview Blvd., Ann Arbor, MI 48103("Lender") or at such other place as Lender may designate in writing, the principal sum of Five Million and 00/100 ($5,000,000.00) Dollars, or so much thereof as may be advanced and outstanding, plus interest as hereinafter provided and any other amounts required to be paid by Borrower hereunder, in lawful money of the United States, or such lesser sum, if any, due Lender by Borrower (collectively, all of the foregoing shall be referred to as the "Indebtedness"). All capitalized terms used but not defined in this Promissory Note (this "Note") shall have the same meaning as set forth in the Loan Agreement dated the same date

Impac Mortgage Holdings, Inc. – Line of Credit Promissory Note (August 22nd, 2017)

For value received, IMPAC MORTGAGE CORP., a California corporation, having its principal office at 19500 Jamboree Road, Irvine, California 92612, Attention: Kathy J. Hancock (hereinafter referred to as Maker), unconditionally promises to pay to the order of MERCHANTS BANK OF INDIANA having its principal banking office at 11555 N. Meridian Street, Suite 400, Carmel, Indiana 46032, Attention: Michael J. Dunlap (hereinafter referred to as Lender), at Lenders principal banking office or at such other place or to such other party as the holder hereof may from time to time designate, the principal sum of Thirty Million and 00/100 Dollars ($30,000,000.00), or so much thereof as shall from time to time be advanced by Lender to or for the benefit of Maker hereunder, with interest on the principal balance advanced from time to time remaining unpaid from the date hereof at a rate per annum (based upon a year of 360 days and actual days elapsed) equal to the rate from time to time announced by

AMENDMENT NO. 1 to LINE OF CREDIT PROMISSORY NOTE (June 8th, 2017)

This Amendment No. 1 to the Line of Credit Promissory Note dated March 6, 2017 ("Note") is made on June 6, 2017, by and between Payment Data Systems, Inc., 12500 San Pedro, Ste. 120, San Antonio, TX 78216, and Singular Payments, LLC, 5203 Maryland Way, Suite 102, Brentwood, TN 37027.

Co-Diagnostics, Inc. – Amendment to 12% Revolving Line of Credit Promissory Note Due 2016 of Co- Diagnostics, Inc. (April 28th, 2017)

Whereas, THIS AMENDMENT TO THE 12% PROMISSORY NOTE dated May 30, 2016, as amended (the "Note") is entered into, by and between Co-Diagnostics, Inc., a Utah corporation (the "Company") and Machan 1988 Property Trust ("Holder");

Co-Diagnostics, Inc. – Revolving Line of Credit Promissory Note (April 28th, 2017)

WHEREAS, the Borrower desires to borrow funds from the Lender from time to time and the parties desire to enter into a note which provides for advances from time to time on an unsecured basis.

Adamis Pharmaceuticl – March 2017 Amended and Restated Line of Credit Promissory Note [Closed End Multiple Advance Note] (March 30th, 2017)

FOR VALUE RECEIVED, ADAMIS PHARMACEUTICALS CORPORATION, a Delaware corporation whose address is 11682 El Camino Real, Suite 300 San Diego, CA 92130 ("Maker"), promises to pay to the order of BEAR STATE BANK, N.A., a national banking association whose mailing address is 900 South Shackleford, Suite 401, Little Rock, Arkansas 72211, its successors and assigns ("Bank"), or to the order of any subsequent holder hereof, in lawful money of the United States of America, the principal sum of Two Million and No/100 United States Dollars ($2,000,000.00), or so much as may be advanced hereunder, together with interest on the unpaid principal balance (calculated on the basis of a hypothetical year of three hundred sixty (360) days, but multiplied by the actual number of days in the interest calculation period), from the date hereof at a variable rate which shall, from day to day, be equal to the lesser of: (a) the maximum rate of interest which Bank may lawfully charge under applicable law in effe

Second Modification to Revolving Line of Credit Promissory Note (March 9th, 2017)

This Second Modification to Revolving Line of Credit Promissory Note (this "Modification"), dated as of February 2, 2017, is by and among PLANET PAYMENT, INC., a Delaware corporation ("Parent"), PLANET PAYMENT PROCESSING SERVICES, INC., a Delaware corporation, ("PPPS"), and PLANET GROUP, INC., a Delaware corporation ("PGI") (each of Parent, PPPS, and PGI individually a "Borrower" and collectively the "Borrowers"), and CITIZENS BANK, N.A. (the "Bank").

Amendment to Warehouse Line of Credit Promissory Note (November 4th, 2016)

This Amendment to the Warehouse Line of Credit Promissory Note is made this 1st day of August, 2016, between Coghlan Family Corporation, a Washington corporation (CFC), and Genesis Financial Inc., a Wyoming corporation (GFI), collectively, (the Parties).

Gex Management, Inc. – Line of Credit Promissory Note (October 7th, 2016)
Gex Management, Inc. – Line of Credit Promissory Note (October 7th, 2016)
RC-1, Inc. – Line of Credit Promissory Note (April 27th, 2016)

FOR VALUE RECEIVED, RC-1, Inc., ("Borrower") promises to pay to the order of General Pacific Partners, LLC ("Lender"), a California Limited Liability Company, the principal sum of Six Hundred Thousand Dollars ($600,000), or so much thereof as may be disbursed to, or for the benefit of the Borrower by Lender in Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $300,000 or 50% from Lender; provided, however, that Lender has no obligation to lend Borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the Lender.

Comstock Homebuilding Companies – Revolving Line of Credit Promissory Note (April 4th, 2016)

FOR VALUE RECEIVED, the undersigned, COMSTOCK HOLDING COMPANIES, INC., a Delaware corporation (the Maker), promises to pay to the order of COMSTOCK GROWTH FUND II, L.C., a Virginia limited liability company (the Lender), at 1886 Metro Center Drive, Suite 400, Reston, Virginia 20190, or at such other place as the holder hereof may from time to time designate in writing, the lesser of the principal sum of (i) the Capital Loan Availability advanced in accordance with Section 8.1(a) of the operating agreement of the Lender dated December 29, 2015, or (ii) Ten Million and No/100 Dollars ($10,000,000.00)(the Commitment), or such sum as may otherwise be advanced and outstanding from time to time, with interest on the unpaid principal balance at the rate and on the terms provided in this Note (including all renewals, extensions or modifications hereof, this Note).

Amendment to Warehouse Line of Credit Promissory Note (February 17th, 2016)

This Amendment to the Warehouse Line of Credit Promissory Note is made this 8th day of February, 2016 between Coghlan Family Corporation ("CFC") and Genesis Financial, Inc. ("GFI"), collectively, (the "Parties").

Wilhelmina Interntl – THIRD AmENDED AND RESTATED Line of Credit Promissory Note (November 16th, 2015)

FOR VALUE RECEIVED, WILHELMINA INTERNATIONAL, INC., a Delaware corporation ("Borrower"), having an address at 200 Crescent Court, Suite 1400, Dallas, Texas 75201 hereby promises to pay to the order of AMEGY BANK NATIONAL ASSOCIATION, a national banking association (together with its successors and assigns and any subsequent holders of this Note, "Lender"), as hereinafter provided, the principal sum of FOUR MILLION AND NO/100 DOLLARS ($4,000,000.00) or so much thereof as may be advanced by Lender from time to time hereunder to or for the benefit or account of Borrower, together with interest thereon at the Note Rate (as hereinafter defined), and otherwise in strict accordance with the terms and provisions hereof.

Environmental Science & Technologies, Inc. – First Amended and Restated Revolving Line of Credit Promissory Note (August 14th, 2015)

This first amended and restated Revolving Line of Credit Promissory Note amends and restates in its entirety that certain Revolving Line of Credit Promissory Note dated September 26, 2014 issued by Environmental Science and Technologies, Inc. (EST) and subsequently assumed by Maker, a wholly owned subsidiary of EST.

Orrstown Financial Services, Inc. – Revolving Line of Credit Promissory Note (Unsecured) (August 5th, 2015)

PROMISE TO PAY. For value received, Orrstown Financial Services, Inc. ("Borrower"), a Pennsylvania corporation organized as the holding company of Orrstown Bank (the "Bank"), hereby agrees to pay to Atlantic Community Bankers Bank, a state banking institution chartered in the Commonwealth of Pennsylvania, ("Lender") the sum of Five Million and No/100 Dollars ($5,000,000.00), or so much of the principal as may be outstanding, together with interest on the outstanding principal balance of each advance made by Lender under this Revolving Line of Credit Promissory Note ("Note") at the rate set forth in this Note from the date of each advance by Lender under this Note until the principal balance of each advance under this Note is paid in full.

ATRION Corporation – Seventh Amendment to Line of Credit Promissory Note (August 4th, 2015)

THIS SEVENTH AMENDMENT TO LINE OF CREDIT PROMISSORY NOTE (this "Agreement"), dated as of the 11th day of June, 2015, is between and among ATRION CORPORATION, a Delaware corporation, ATRION MEDICAL PRODUCTS, INC., a Delaware corporation, HALKEY-ROBERTS CORPORATION, a Florida corporation, QUEST MEDICAL, INC., a Delaware corporation, ALATENN PIPELINE COMPANY, LLC, an Alabama limited liability company, and ATRION LEASING COMPANY, LLC, an Alabama limited liability company (collectively, the "Borrowers"), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, successor by merger to Wachovia Bank, National Association (the "Lender").

Loan Agreement and Revolving Line of Credit Promissory Note (June 24th, 2015)

FOR VALUE RECEIVED, the undersigned, NEIL DEMERS, an individual ("Borrower") promises to pay to the order of DIEGO PELLICER WORLDWIDE, INC., a Delaware corporation ("Lender") at 3496 Fairview Way, West Linn, OR 97068 or at such other place as Lender may, from time to time designate in writing, the principal sum of TWO MILLION AND FIVE-HUNDRED THOUSAND DOLLARS AND 00/100THS ($2,500,000.00), or so much of that sum as may be advanced under this Revolving Credit Promissory Note ("Note") by Lender, with principal and interest thereon payable as specified in this Note.

First Amendment to Loan Agreement, Non-Revolving Line of Credit Promissory Note, Assignment and Security Agreement and Pledge of Deposit Account, Salvage Proceeds Account, and Assignment and Security Agreement and Pledge of Deposit Account, Interest Reserve Account (May 11th, 2015)

THIS First Amendment To Loan Agreement, Non-Revolving Line Of Credit Promissory Note, Assignment And Security Agreement And Pledge Of Deposit Account, Salvage Proceeds Account, And Assignment And Security Agreement And Pledge Of Deposit Account, Interest Reserve Account (Amendment) is made and entered into as of the 7th day of May, 2015, by and between ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation (Borrower), and FIFTH THIRD BANK, an Ohio banking corporation, (Lender).

Revolving Line of Credit Promissory Note (March 5th, 2015)

This Promissory Note (the "Note") arises out of the Credit Agreement, dated of even date herewith, by and between the Borrower and the Bank (as amended, modified, or supplemented from time to time, the "Credit Agreement"). This Note is defined in the Credit Agreement as the "Note." Reference is made to the Credit Agreement for a statement of the respective rights and obligations of the parties and the terms and conditions therein provided, under which all or any part of the principal hereof, accrued interest thereon, and other amounts payable under the Credit Agreement may become immediately due and payable. Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the Credit Agreement.

Line of Credit Promissory Note (February 9th, 2015)
Gateway Inds Inc – Line of Credit Promissory Note (October 27th, 2014)

FOR VALUE RECEIVED, Viggle Inc., a Delaware corporation (the "Company"), hereby promises to pay to the order of Sillerman Investment Company III, LLC or its registered assigns ("Holder") the Principal (as defined below) when due, whether upon the Maturity Date, acceleration, payment or otherwise (in each case in accordance with the terms hereof) and to pay interest ("Interest") on any outstanding Principal at the applicable Interest Rate (as defined below) from the date of an Advance (as defined below) until the same becomes due and payable, whether upon any Interest Date or acceleration, payment or otherwise (in each case in accordance with the terms hereof). Certain capitalized terms used herein are defined in Section 18. For purposes hereof, "Principal" shall mean the aggregate amount of all Advances, as reduced pursuant to the terms hereof pursuant to payment or otherwise.

Elite Data Services, Inc. – Revolving Line of Credit Promissory Note (May 20th, 2014)

For Value Received, Elite Data Services, Inc., a a Florida corporation ("Maker") promises to pay to Sarah Myers, an individual (the "Payee"), or at such other places as Payee may designate from time to time in writing, the principal sum fifty thousand dollars ($50,000) or so much of that sum as may be advanced under this Revolving Line of Credit Promissory Note.

Non-Revolving Line of Credit Promissory Note (May 12th, 2014)

For value received, the undersigned, ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation authorized to do business in the State of Florida (the Borrower), promises to pay to the order of FIFTH THIRD BANK, an Ohio banking corporation (the Lender), the principal sum of TEN MILLION AND NO/100 DOLLARS ($10,000,000.00), together with interest on the principal balance remaining unpaid from time to time at the rates set forth below.

Sharps Compliance – Revolving Line of Credit Promissory Note (January 30th, 2014)

FOR VALUE RECEIVED, the undersigned, SHARPS COMPLIANCE, INC. OF TEXAS, a Texas corporation (the "Maker", whether one or more, and if more than one, jointly and severally) promises to pay to the order of [REDACTED], a [REDACTED] state chartered bank (the "Payee", together with any and all subsequent owners and holders of this Note), at its offices at [REDACTED], or such other place as Payee, in Payee's sole discretion, shall designate in writing to Maker, which at the time of payment is legal tender of the United States of America for payment of public and private debts, without offset, the principal sum of $3,000,000.00, or so much thereof as may be advanced and outstanding hereunder, together with interest thereon from and after the date hereof until maturity at a rate per annum which shall from day to day be equal to the lesser of (a) a fluctuating rate per annum (the "Contract Rate") which is equal to the Index Rate (as hereinafter defined) in effect from day to day, each such chang

Signal Advance Inc – Contract (November 18th, 2013)

EXHIBIT 10.2 - Line of Credit Promissory Note LINE OF CREDIT PROMISSORY NOTE One Hundred Fifty Thousand Dollars ($150,000) Effective Date: January 4, 2002 FOR VALUE RECEIVED, Biodyne, Inc., ("Borrower"), a Texas corporation, promises to pay to the order of Chris M. Hymel, ("Lender"), the principal sum of One Hundred Fifty Thousand Dollars ($150,000), or so much thereof as may be disbursed to, or for, the benefit of the Borrower by Lender in Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $150,000 from Lender; provided, however, that Lender has no obligation to lend Borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the Lender. INTEREST & PRINCIPAL: The unpaid principal of this line of credit shall bear simple interest at the rate of 2.5 percent (2.5%) per quarter. Interest shall

Non-Revolving Line of Credit Promissory Note (July 30th, 2013)

For value received, the undersigned, ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation authorized to do business in the State of Florida (the Borrower), promises to pay to the order of FIFTH THIRD BANK, an Ohio banking corporation (the Lender), the principal sum of TEN MILLION DOLLARS ($10,000,000.00), together with interest on the principal balance remaining unpaid from time to time at the rates set forth below.

Innolog Holdings Corp. – Revolving Line of Credit Promissory Note (May 20th, 2013)

FOR VALUE RECEIVED, the undersigned, Innolog Holdings Corporation, a Nevada corporation, (the "Maker"), promises to pay to Dr. Ian Reynolds, an individual (the "Payee"), at such place as the Payee may later designate in writing, in lawful money of the United States, the principal sum of up to two hundred thousand United States dollars ($200,000.00) in accordance with this promissory note (the "Note") under the terms set forth herein.

Entest Biomedical, Inc. – Line of Credit Promissory Note (February 1st, 2013)

FOR VALUE RECEIVED, Entest BioMedical Inc., ("Borrower") promises to pay to the order of the Sherman Family Trust ("Lender") the principal sum of Seven Hundred Thousand Dollars ($700,000), or so much thereof as may be disbursed to, or for the benefit of the Borrower by Lender in Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $ 700,000 from Lender. This agreement shall also be the terms and conditions of any and all borrowed amounts outstanding as of this date.

Entest Biomedical, Inc. – Line of Credit Promissory Note (February 1st, 2013)

FOR VALUE RECEIVED, Entest BioMedical Inc., ("Borrower") promises to pay to the order of the Sherman Family Trust ("Lender") the principal sum of Seven Hundred Thousand Dollars ($700,000), or so much thereof as may be disbursed to, or for the benefit of the Borrower by Lender in Lender's sole and absolute discretion. It is the intent of the Borrower and Lender hereunder to create a line of credit agreement between Borrower and Lender whereby Borrower may borrow up to $ 700,000 from Lender. This agreement shall also be the terms and conditions of any and all borrowed amounts outstanding as of this date.