Non-Recourse Promissory Note Sample Contracts

BOSTON OMAHA Corp – Non-Recourse Promissory Note (February 19th, 2015)

The undersigned, Ananda Holding, LLC, a Texas limited liability company (hereinafter called "Maker"), whose address for the purposes of this Note is 3014 McCulloch Circle, Houston, Texas 77056, for value received, without grace, in the manner, on the dates and in the amounts herein stipulated, promises to pay to the order of Richard J. Church (hereinafter called "Payee"), at Payee's address of 3014 McCulloch Circle, Houston, Texas 77056, or at such other place or address as Payee may hereafter designate, the sum of ONE HUNDRED THIRTY-FIVE THOUSAND FOUR HUNDRED NINETY-FOUR DOLLARS AND FOURTEEN CENTS ($135,494.14), in lawful money of the United States of America, with interest at the rate herein specified.

Homeland Security Capital Cp – Second Amended and Restated Non-Recourse Promissory Note (February 14th, 2013)

This Second Amended and Restated Non-Recourse Promissory Note (the Note) is issued by TIMIOS NATIONAL CORPORATION, a Delaware corporation (the Company), to YA GLOBAL INVESTMENTS, L.P., a Cayman Islands exempt limited partnership, or its assigns (the Holder), in the principal amount set forth above as the Original Principal Amount (as may be reduced from time to time pursuant to the terms hereof, the Principal). The Company hereby agrees to pay to Holder the Principal when due, whether upon the Maturity Date (as hereinafter defined), acceleration or otherwise (in each case, in accordance with the terms hereof) and to pay interest, if applicable, on outstanding Principal at the applicable interest rate if and when the same becomes due and payable. This Note, together with that certain Second Amended and Restated Promissory Note, No. HOMS-7-2, in the original principal amount of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000) dated the date hereof (the Second Restated Note), is

Homeland Security Capital Cp – Amended and Restated Non-Recourse Promissory Note (August 29th, 2012)

This Amended and Restated Non-Recourse Promissory Note (the Note) is issued by TIMIOS NATIONAL CORPORATION, a Delaware corporation (the Company), to YA GLOBAL INVESTMENTS, L.P., a Cayman Islands exempt limited partnership, or its assigns (the Holder), in the principal amount set forth above as the Original Principal Amount (as may be reduced from time to time pursuant to the terms hereof, the Principal) when due, whether upon the Maturity Date (as hereinafter defined), acceleration or otherwise (in each case, in accordance with the terms hereof) and to pay interest, if applicable, on outstanding Principal at the applicable interest rate if and when the same becomes due and payable. This Note, together with that certain Amended and Restated Promissory Note, No. HOMS-6-2, dated as of the date hereof (the Second Restated Note), issued by the Company to the Holder, amends and restates in its entirety that certain Senior Secured Note, No. HOMS-5-1, in the original principal amount of Six M

Dionics – First Amendment to Non-Recourse Promissory Note (July 6th, 2012)

This First Amendment to Non-Recourse Promissory Note (the "First Amendment") is entered into as June 29, 2012 by and between DIONICS-USA INCORPORATED, a New York corporation (the "Acquisition Entity"), and SHANGRAO BAI HUA ZHOU INDUSTRIAL CO., LTD. (the "Holder").

Dionics – Non-Recourse Promissory Note (July 6th, 2012)

FOR VALUE RECEIVED, DIONICS, INC., a Delaware corporation (the "Borrower"), hereby promises to pay to the order of SHANGRAO BAI HUA ZHOU INDUSTRIAL CO., LTD., a company incorporated in the People's Republic of China, or its registered assigns (the "Holder") the sum of Two Hundred Thousand Dollars and No Cents ($200,000.00 USD) on January 30, 2013 (the "Maturity Date"), and to pay interest on the principal sum outstanding (the "Outstanding Principal Amount") under this non-recourse promissory note (the "Note"), at the rate of 5.0% per annum due and payable on the Maturity Date. Accrual of interest shall commence on the first day to occur after the date hereof and shall continue until payment in full of the Outstanding Principal Amount and all interest hereunder has been made. The issue date of this non-recourse promissory note (the "Note") is January 30, 2012 (the "Issue Date"). All payments due hereunder shall be made in lawful money of the United States of America. All payments sh

Dionics – Assignment of Non-Recourse Promissory Note (July 6th, 2012)

KNOW THAT, DIONICS, INC., a Delaware corporation (the "Assignor"), in consideration of the sum of one dollar and other good and valuable consideration in hand paid, receipt of which is hereby acknowledged, DOES HEREBY ASSIGN to DIONICS-USA INCORPORTED, a New York corporation (hereinafter, together with its successors and/or assigns, the "Assignee"), all of Assignor's rights, obligations, interests and liabilities under the Non-Recourse Promissory Note executed and delivered by Assignor to SHANGRAO BAI HUA ZHOU INDUSTRIAL CO., LTD. (the "Holder") on January 30, 2012 in the principal amount of $200,000.00 (the "Note"), and Assignee DOES HEREBY ACCEPT AND ASSUME, all of the Assignor's rights, obligations, interests and liabilities under the Note and agrees to observe, perform and fulfill all of the terms and conditions of the Note, in each case to the same extent as if it had been originally named as a party thereto.

Non-Recourse Promissory Note (March 12th, 2012)

FOR VALUE RECEIVED, the undersigned, Hartlab LLC, with its principal place of business at 391 Quadrangle Drive Suite N-9, Bolingbrook, IL 60440, its successors and assigns (the "Maker"), hereby unconditionally promises to pay to the order of Synthetic Biologics, Inc., with an address at 3985 Research Park Drive, Suite 200, Ann Arbor, MI 48108 ("Payee"), in lawful money of the United States of America and in immediately available funds, the principal sum of Seven Hundred Thousand Dollars ($700,000.00) ("Principal") on March 1, 2014 (the "Maturity Date"), together with annual interest thereon from the date hereof on the unpaid Principal at an annual rate of Five and 7/10ths percent (5.7%), payable on the Maturity Date. Interest shall be computed on the basis of a year of 365 days and the actual number of days elapsed. Interest not paid when due shall earn interest at the rate specified above.

Non-Recourse Promissory Note (October 14th, 1998)