Negotiable Promissory Note Sample Contracts

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Ramaco Resources, Inc. – Negotiable Promissory Note (December 29th, 2016)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, RAMACO DEVELOPMENT, LLC, a Delaware limited liability company, with its address being 250 West Main Street, Suite 210, Lexington, Kentucky 40507 (the Maker), hereby unconditionally promises to pay to the order of RAMACO, LLC, a Delaware limited liability company, with its address being 250 West Main Street, Suite 210, Lexington, Kentucky 40507, or its assigns (the Noteholder, and together with the Maker, the Parties), the principal amount of Ten Million Six Hundred Twenty-Nine Thousand Two Hundred Seventy-Five and 35/100 Dollars ($10,629,275.35) (the Loan), together with all accrued interest thereon, as provided in this Negotiable Promissory Note (as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the Note) as of the 31st day of August, 2016 (the Effective Date).

Ramaco Resources, Inc. – Negotiable Promissory Note (December 12th, 2016)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, RAMACO DEVELOPMENT, LLC, a Delaware limited liability company, with its address being 250 West Main Street, Suite 210, Lexington, Kentucky 40507 (the Maker), hereby unconditionally promises to pay to the order of RAMACO, LLC, a Delaware limited liability company, with its address being 250 West Main Street, Suite 210, Lexington, Kentucky 40507, or its assigns (the Noteholder, and together with the Maker, the Parties), the principal amount of Ten Million Six Hundred Twenty-Nine Thousand Two Hundred Seventy-Five and 35/100 Dollars ($10,629,275.35) (the Loan), together with all accrued interest thereon, as provided in this Negotiable Promissory Note (as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms, the Note) as of the 31st day of August, 2016 (the Effective Date).

Heron Lake BioEnergy, LLC – Negotiable Promissory Note (March 31st, 2015)

For value received, AGRINATURAL GAS, LLC, promises to pay to the order of HERON LAKE BIOENERGY, LLC, at 91246 390th Avenue, Heron Lake, MN 56137, or at any other place designated from time to time in writing by the holder hereof, in lawful money of the United States of America, the principal sum of Three Million Five Hundred Thousand and no/100 Dollars ($3,500,000.00) plus interest; all as provided herein.

Heron Lake BioEnergy, LLC – Negotiable Promissory Note (September 16th, 2014)

For value received, AGRINATURAL GAS, LLC, promises to pay to the order of HERON LAKE BIOENERGY, LLC, at 91246 390th Avenue, Heron Lake, MN 56137, or at any other place designated from time to time in writing by the holder hereof, in lawful money of the United States of America, the principal sum of Three Million Fifty Thousand and no/100 Dollars ($3,050,000.00), plus interest; all as provided herein.

Duke Mountain Resources, Inc – 7% Non Negotiable Promissory Note (March 25th, 2014)

FOR VALUE RECEIVED, DUKE MOUNTAIN RESOURCES, INC., a Nevada corporation ("Borrower"), hereby promises to pay to KALEN CAPITAL CORPORATION, a corporation organized under the laws of British Columbia, Canada (the "Holder") or its registered assigns or successors in interest or order, without demand, the sum of TWENTY SEVEN THOUSAND DOLLARS ($27,000) ("Principal Amount"), together with interest thereon as set forth below.

Microchannel Technologies Corp – MicroChannel Technologies Corporation 7% NON NEGOTIABLE PROMISSORY NOTE (February 4th, 2014)

FOR VALUE RECEIVED, MICROCHANNEL TECHNOLOGIES CORPORATION, a Nevada corporation ("Borrower"), hereby promises to pay to JATINDER S. BHOGAL, a resident of Canada (the "Holder") or its registered assigns or successors in interest or order, without demand, the sum of SEVENTY THOUSAND DOLLARS ($70,000) ("Principal Amount"), together with interest thereon as set forth below.

Duke Mountain Resources, Inc – 4% Non Negotiable Promissory Note (January 7th, 2014)

FOR VALUE RECEIVED, DUKE MOUNTAIN RESOURCES, INC., a Nevada corporation (Borrower), hereby promises to pay to JANUS RESOURCES, INC., a Nevada corporation (the Holder) or its registered assigns or successors in interest or order, without demand, the sum of EIGHTY THOUSAND DOLLARS ($80,000) (Principal Amount), together with interest thereon as set forth below.

Russ Berrie – Secured Negotiable Promissory Note (August 14th, 2013)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, Larsen and Bowman Holdings Ltd., a Limited Corporation organized under the laws of British Columbia (the Maker), hereby unconditionally promises to pay to the order of RB Trademark Holdco, LLC or its assigns (the Noteholder and, together with the Maker, the Parties), the principal amount of $1,250,000 (the Loan) without interest, as provided in this Secured Promissory Note (the Note, as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms).

Glowpoint Inc – Nonnegotiable Promissory Note (October 5th, 2012)
Pacific Biomarkers Inc – Negotiable Promissory Note (February 27th, 2012)

FOR VALUE RECEIVED, GRANDPARENTS.COM, INC., a Delaware corporation with offices at 589 Eighth Avenue, 6th floor, New York, NY 10018 (the "Maker"), promises to pay to the order of LEBER-BERNSTEIN GROUP, LLC, a New York limited liability company with offices at 589 Eighth Avenue, 6th floor, New York, NY 10018, its affiliates and/or their successors or assigns ("Payee"), the sum of SIX HUNDRED TWELVE THOUSAND FIVE HUNDRED DOLLARS ($612,500) in accordance with the terms of this Negotiable Promissory Note (this "Note"); said sum being admittedly due and owing by Maker to Payee, without offset, defense or counterclaim.

Pacific Biomarkers Inc – Amended and Restated Negotiable Promissory Note (February 27th, 2012)

WHEREAS, Grandparents.com, LLC, a Florida limited liability company ("Grandparents"), executed and delivered to Payee that certain Negotiable Promissory Note dated as of March 11, 2011 in the original principal amount of $300,000 (the "March Note"), which such amount, together with interest thereon from the March 11, 2011 is outstanding as of the date of this Note;

Pacific Biomarkers Inc – Amended and Restated Negotiable Promissory Note (February 27th, 2012)

WHEREAS, Grandparents.com, LLC, a Florida limited liability company ("Grandparents"), executed and delivered to Payee and Steven E. Leber that certain 5% Revolving Note dated as of January 1, 2011 pursuant to which Payee and Steven E. Leber have advanced an aggregate amount of $126,000 to Grandparents of which an aggregate of $63,000 is outstanding, which such amount, together with interest thereon from the date of such advances, as of the date of this Note (the "Revolving Note");

Pacific Biomarkers Inc – Amended and Restated Negotiable Promissory Note (February 27th, 2012)

WHEREAS, Grandparents.com, LLC, a Florida limited liability company ("Grandparents"), executed and delivered to Payee and Joseph Bernstein that certain 5% Revolving Note dated as of January 1, 2011 pursuant to which Payee and Joseph Bernstein have advanced an aggregate amount of $126,000 to Grandparents of which an aggregate of $63,000 is outstanding, which such amount, together with interest thereon from the date of such advances, as of the date of this Note (the "Revolving Note");

North Hills Signal Processing Corp. – Negotiable Promissory Note (September 17th, 2009)

FOR VALUE RECEIVED, PORTA SYSTEMS CORP., hereinafter referred to as "Borrower", with an address at 6851 Jericho Turnpike, Syosset, New York, 11791, hereby promises to pay to the order of CHEYNE SPECIAL SITUATIONS FUND, L.P., hereinafter referred to as "Lender", with an address at P.O. Box 908 GT, Walker House, Mary Street, Grand Caymans, Cayman Islands, or at such other place as the Lender or any holder hereof may from time to time have designated, the principal sum of ONE MILLION FOUR HUNDRED AND ONE THOUSAND FIVE HUNDRED TWENTY TWO DOLLARS AND NO/100 ($1,401,522), which shall be due and payable on December 31, 2010, together with any accrued interest, unless prepaid in accordance with the terms of this note. Interest shall accrue and be payable on the outstanding principal balance of this Note at an amount equal to the six-month rate of LIBOR as reported in the Money Rate Section of the Wall Street Journal on a "Payment Date" (as hereafter defined) or if such Payment Date is not a b

North Hills Signal Processing Corp. – Negotiable Promissory Note (March 31st, 2009)

FOR VALUE RECEIVED, PORTA SYSTEMS CORP., hereinafter referred to as "Borrower", with an address at 6851 Jericho Turnpike, Syosset, New York, 11791, hereby promises to pay to the order of CHEYNE SPECIAL SITUATIONS FUND, L.P., hereinafter referred to as "Lender", with an address at P.O. Box 908 GT, Walker House, Mary Street, Grand Caymans, Cayman Islands, or at such other place as the Lender or any holder hereof may from time to time have designated, the principal sum of ONE MILLION SEVEN HUNDRED FORTY SEVEN THOUSAND TWELVE AND NO/100 ($1,747,012) DOLLARS, which shall be due and payable on April 30, 2010, together with any accrued interest, unless prepaid in accordance with the terms of this note. Interest shall accrue and be payable on the outstanding principal balance of this Note at an amount equal to the six-month rate of LIBOR as reported in the Money Rate Section of the Wall Street Journal on a "Payment Date" (as hereafter defined) or if such Payment Date is not a business publica

General Datacomm Industries Inc. – $250,000 Negotiable Promissory Note (January 13th, 2009)

For value received, General DataComm Industries, Inc, having an office at 6 Rubber Avenue, Naugatuck CT 06770 ("Payor"), promises to pay on demand to the order of Howard S. Modlin, having an office at 445 Park Avenue, 15th floor, New York, New York 10022 ("Payee"), with interest at the rate of 10% per annum on the unpaid balance thereof from October 1, 2008, the principal sum of $250,000 in lawful money of the United States of America. This Note is payable on demand and may be prepaid at any time without penalty or premium. Interest which accrues during each calendar month shall be paid on the first day of the following calendar month during the term of this Note or date of payment or prepayment if earlier. This Note evidences a loan made to Payor by Payee on October 1, 2008 in the sum of $250,000.

Non Negotiable Promissory Note (September 26th, 2006)

FOR VALUE RECEIVED, the undersigned, INFINIUM LABS, INC., a Delaware Corporation, (the "Company"), promises to pay TIMOTHY M. ROBERTS the "Holder") , the principal sum of Ninety One Thousand Seven Hundred Seventy Four (U.S.) Dollars and 91/100 ($91,774.91), together with interest thereon at the rate of eight percent (8%) per annum and will be payable pursuant to the following terms:

Non Negotiable Promissory Note (August 21st, 2006)

FOR VALUE RECEIVED, the undersigned, INFINIUM LABS, INC., a Delaware Corporation, (the "Company"), promises to pay RONALD WESTMAN the "Holder") , the principal sum of One Hundred Thousand (U.S.) Dollars and 00/100 ($100,000.00), together with interest thereon at the rate of eight percent (8%) per annum and will be payable pursuant to the following terms:

Negotiable Promissory Note (July 8th, 2005)

FOR VALUE RECEIVED, QUADRAMED CORPORATION (the Maker) promises to pay to the order of JAMES D. DURHAM (together with any other person or persons who may from time to time hold this Note, the Payee), the principal sum of ONE MILLION FOUR HUNDRED THOUSAND DOLLARS ($1,400,000) (the Principal Sum), together with interest thereon at a fixed rate equal to five and 12/100 percent (5.12%) per annum from the date of this Note until the Principal Sum is paid in full, as follows:

Ttc Technology Corp – NON NEGOTIABLE PROMISSORY NOTE April 15, 2004 (April 28th, 2004)

FOR VALUE RECEIVED, the undersigned, SMARTIRE SYSTEMS INC., a Yukon Corporation, with a principal office located at Suite 150 -13151 Vanier Place, Richmond, British Columbia, Canada V6V 2J1 (the "Company"), promises to pay CORNELL CAPITAL PARTNERS, LP (the "Holder") at 101 Hudson Street - Suite 3606 Jersey City, New Jersey 07302 or other address as the Holder shall specify in writing, the principal sum of Seven Hundred Fifty Thousand (U.S.) Dollars and 00/100 ($750,000.00), together with interest thereon at the rate of eight percent (8%) per annum and will be payable pursuant to the following terms:

American Film Technologies – Non-Recourse Non-Negotiable Promissory Note (January 25th, 2000)