Promissory Note Sample Contracts

If you’re lending or borrowing a significant amount of money, be sure to formalize the agreement by using a Promissory Note. A Promissory Note outlines information of the loan, such as the name of lender and the borrower, the amount of the loan, payment options for the loan and more.

A Promissory Note is also referred to as a Promissory Note Form, Note, or Note Payable Form. A Promissory Note outlines the payment plan, and structuring options include a “Lump Sum” payment, “Due on Demand” payment or payments with interest. These various plans can be used singularly or in combination for your unique loan situation.

Nexxus Lighting Inc – Promissory Note (December 11th, 2018)
Gores Metropoulos, Inc. – This Promissory Note (Note) Has Not Been Registered Under the Securities Act of 1933, as Amended (The Securities Act). This Note Has Been Acquired for Investment Only and May Not Be Sold, Transferred or Assigned in the Absence of Registration of the Resale Thereof Under the Securities Act or an Opinion of Counsel Reasonably Satisfactory in Form, Scope and Substance to the Company That Such Registration Is Not Required. (December 11th, 2018)
Skyline Medical Inc. – Promissory Note (December 7th, 2018)

FOR VALUE RECEIVED, PRECISION THERAPEUTICS INC., a Delaware corporation (hereinafter called the "Borrower"), as of November 30, 2018 (the "Issue Date"), hereby promises to pay to the order of Carl Schwartz, or his registered assigns (the "Holder") the principal sum of up to $500,000.00 based on the amount of Consideration paid (the "Principal Amount"), together with interest at the rate of eight percent (8%) per annum on the Principal Amount, at maturity or upon acceleration or otherwise, as set forth herein (the "Note"). The maturity date for the Note shall be the earlier of (a) the date five (5) business days after the closing of Borrower's sale of equity or debt securities of Borrower resulting in gross proceeds of at least $1,000,000.00, or (b) twelve (12) months from the date that this Note is issued (the earlier of such dates is referred to as the "Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest and other fees, shall be du

Skyline Medical Inc. – Promissory Note (December 7th, 2018)

FOR VALUE RECEIVED, PRECISION THERAPEUTICS INC., a Delaware corporation (hereinafter called the "Borrower"), as of November 30, 2018 (the "Issue Date"), hereby promises to pay to the order of Carl Schwartz, or his registered assigns (the "Holder") the principal sum of up to $500,000.00 based on the amount of Consideration paid (the "Principal Amount"), together with interest at the rate of eight percent (8%) per annum on the Principal Amount, at maturity or upon acceleration or otherwise, as set forth herein (the "Note"). The maturity date for the Note shall be the earlier of (a) the date five (5) business days after the closing of Borrower's sale of equity or debt securities of Borrower resulting in gross proceeds of at least $1,000,000.00, or (b) twelve (12) months from the date that this Note is issued (the earlier of such dates is referred to as the "Maturity Date"), and is the date upon which the principal sum, as well as any accrued and unpaid interest and other fees, shall be du

HCI Group – PROMISSORY NOTE (Monthly Floating LIBOR) (December 6th, 2018)
Aytu Bioscience, Inc – Promissory Note (December 4th, 2018)

For value received, Aytu BioScience, Inc., a Delaware corporation ("Borrower"), with its principal place of business at 373 Inverness Parkway, Suite 206, Englewood, CO 80112, hereby promises to pay to the order of Armistice Capital Master Fund Ltd., a Cayman Islands exempted company ("Lender"), at 510 Madison Avenue, 7th Floor, New York, NY 10022 (or such other address as Lender may designate in writing), in lawful money of the United States of America, the principal amount of Five Million Dollars ($5,000,000), plus applicable interest thereon, pursuant to the below terms.

Sa Recovery Corp – 10% Original Issue Discount Promissory Note (December 3rd, 2018)

In exchange for receipt of $50,000, , the receipt of which is hereby acknowledged and intending to be legally bound, Truli Technologies Inc. (the "Company") located at 344 Grove St #2 #4018 Jersey City, NJ 07302, hereby unconditionally and irrevocably promises to pay to the order of _____________________ with an address at ______________________________________ (the "Payee"), the sum of $55,000 on or before the earlier of (i) the 90th day subsequent to the Issuance Date of this 10% OID Promissory Note (the "Note"), and (ii) the Company's receipt of a minimum of $1,000,000 as a result of the Company closing the sale of any equity or debt securities of the Company (either a "Maturity Date"). At the Company's option, upon the Maturity Date the Company may convert all principal and interest owed to the Payee pursuant to this Note into securities of the Company identical to those offered and on the same terms as those offered to the investors in the financing.

Nexxus Lighting Inc – Consolidated Promissory Note (November 26th, 2018)
ABCO Energy, Inc. – Promissory Note (November 23rd, 2018)

FOR VALUE RECEIVED, the undersigned, REDSTART HOLDINGS CORP., having a principal place of business at 1188 Willis Avenue, Albertson, New York 11507 ("Maker"), hereby promises to pay to the order of Power Up Lending Group Ltd., having a principal place of business at 111 Great Neck Road, Suite 216, Great Neck, New York 11021, or assigns ("Holder") the principal sum of Three Hundred Twenty-Eight Thousand Five Hundred Dollars ($328,500.00)(the "Principal Amount") together with interest, on or by the earlier of such date hereinafter referred to as the "Maturity Date"): (i) an Event of Default (as defined herein); and (ii) October 31, 2019; as set forth below. The Maker, the Holder and ABCO ENERGY, INC. (the "Company") have entered into a Stock Purchase Agreement dated the date hereof (the "Purchase Agreement") whereby the Holder assigned, sold and transferred to the Maker 219,000 shares of Series C Preferred Stock of the Company. This Note is the consideration for such assignment pursuant

Broadleaf Capital Partners Inc. – Promissory Note (November 21st, 2018)

FOR VALUE RECEIVED, and intending to be legally bound, TimefireVR Inc. (the "Company") located at 75 E. Camelback Rd., Suite 444, Scottsdale AZ, 85251 hereby unconditionally and irrevocably promises to pay to the order of ************** with an address at *********** (the "Payee"), in lawful money of the United States of America, the sum of $75,000 on or before the earlier of (i) the 90th day subsequent to the Issuance Date of this Promissory Note, (ii) the Company's receipt of a minimum of $125,000 as a result of the Company closing the sale of any equity or debt securities of the Company, (iii) the Company's purchase of more than $100,000 worth of assets not in the ordinary course of business including cryptocurrency assets of ************, and (iv) the Company's entry into a Fundamental Transaction, as such term is defined in the Certificate of Designations for the Company's Series E Convertible Preferred Stock (the "Maturity Date").

Non-Invasive Monitoring System – Promissory Note (November 20th, 2018)

FOR VALUE RECEIVED, the undersigned, Non-Invasive Monitoring Systems, Inc., a Florida corporation with its principal place of business at 4400 Biscayne Blvd., Miami, FL 33137 ("Maker"), promises to pay to the order of Frost Gamma Investments Trust of 4400 Biscayne Blvd., 15th Floor Miami, FL 33137 ("Payee"), at such place as may be designated in writing by Payee, the principal sum of FIFTY THOUSAND AND 00/XX ($50,000.00) (this "Note").

Instanet – Promissory Note (November 20th, 2018)

For value received, True Drinks Holdings, Inc., a Nevada corporation ("Borrower"), promises to pay to the order of Food Labs, Inc., a Nevada corporation, or its assigns ("Lender"), the sum of Fifty Thousand Dollars ($50,000.00) (the "Principal Amount"), interest at the rate of five percent (5%) annually from the date hereof, and the Lender's Fee on the Principal Amount, at the rate of interest specified herein.

Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER, or their successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER and MARIA KEELER , or their successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($300,000.00) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER, or their successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of FIVE HUNDRED SIXTEEN THOUSAND EIGHT HUNDRED THIRTY-THREE AND 83/100 DOLLARS ($516,833.83) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Drimex Inc. – Amended and Restated 12% Convertiblepromissory Note (November 14th, 2018)

The undersigned, MakingORG, Inc., a Nevada corporation (the "Company"), promises to pay to Junhan Xie (the "Holder"), at maturity, by wire transfer of immediately available funds to such account as the Holder may designate, the principal sum of TWO HUNDRED THOUSAND DOLLARS ($200,000.00) (the "Principal Amount"), together with interest on the then unpaid Principal Amount, at the rate of ten percent (12%) per annum. This Amended and Restated 12% Convertible Promissory Note, amends and restates the September 1, 2016 12% Convertible Promissory Note, with no additional consideration being paid to the Company.

Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER, or his successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of ONE HUNDRED THOUSAND AND NO/100 DOLLARS ($100,000.00) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Nexxus Lighting Inc – Promissory Note (November 14th, 2018)
Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER and MARIA KEELER , or their successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($500,000.00) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Blue Star Foods Corp. – Promissory Note (November 14th, 2018)

FOR VALUE RECEIVED the undersigned, JOHN KEELER & CO, INC., a Florida corporation (hereinafter the "Maker"), promises to pay to the order of JOHN KEELER and MARIA KEELER , or their successors or assigns (hereinafter the "Lender") at their offices at 3000 NW 109th Ave, Miami, Florida 33172, or such other place as the holder hereof may from time to time designate in writing, the principal sum of TWO HUNDRED THOUSAND AND NO/100 DOLLARS ($200,000.00) with interest thereon from the date hereof as hereafter provided under this Note, to be paid in lawful money of the United States of America, which shall be legal tender in payment of all debts and dues, public and private, at the time of payment; said principal and interest to be paid as follows:

Plasaver – PROMISSORY NOTE Dated as of August 30th, 2018 (November 13th, 2018)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, MYOS RENS TECHNOLOGY INC., a Nevada corporation (the "Maker"), hereby unconditionally promises to pay to the order of JOSEPH MANNELLO (the "Lender", and together with the Maker, the "Parties"), the principal amount of up to SEVEN HUNDRED AND FIFTY THOUSAND DOLLARS ($750,000) (the "Loan"), together with all accrued interest thereon, as provided in this Promissory Note (the "Note", as the same may be amended, restated, supplemented or otherwise modified from time to time in accordance with its terms).

Lender Note PROMISSORY NOTE (November 13th, 2018)

FOR VALUE RECEIVED, the borrower whose name appears on the signature page hereto ("Borrower"), promises to pay to the order of Beyond Commerce, Inc., a Nevada corporation ("Lender"), the Initial Principal Amount, together with interest thereon, as follows:

Nexxus Lighting Inc – Promissory Note (November 13th, 2018)
Gores Metropoulos, Inc. – This Promissory Note (Note) Has Not Been Registered Under the Securities Act of 1933, as Amended (The Securities Act). This Note Has Been Acquired for Investment Only and May Not Be Sold, Transferred or Assigned in the Absence of Registration of the Resale Thereof Under the Securities Act or an Opinion of Counsel Reasonably Satisfactory in Form, Scope and Substance to the Company That Such Registration Is Not Required. (November 6th, 2018)
Moody National REIT II, Inc. – Promissory Note (October 30th, 2018)

This Note shall bear interest, except on past due sums, 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 two and 50/100 percent (2.50%) per annum above the Index Rate (as hereinafter defined) in effect from time to time, each such change in the Contract Rate to become effective, without notice to Maker, on the effective date of each determination of the Index Rate with respect to any Interest period (as defined below) as provided below, or (b) the Highest Lawful Rate (as hereinafter defined); provided, however, if at any time the Contract Rate shall exceed the Highest Lawful Rate, thereby causing the Contract Rate to be limited to the Highest Lawful Rate, then notwithstanding any subsequent change in either the Contract Rate or the Highest Lawful Rate that would otherwise reduce the Contract Rate to less than the Highest Lawful Rate, the Contract Rate shall remain equal to the Highest Lawful Rate u

Amazing Energy Oil & Gas, Co. – Promissory Note (October 26th, 2018)

THIS PROMISSORY NOTE ("Note") is made and effective as of the date hereof, by AMAZING ENERGY OIL & GAS, CO., a Nevada corporation ("Payor"), in favor of BORIES CAPITAL, a Louisiana limited liability company, (the "Payee").

Promissory Note (October 26th, 2018)

FOR VALUE RECEIVED, the undersigned, DRONE AVIATION HOLDING CORP., a Nevada corporation (the "Maker"), promises to pay to Jay Nussbaum, (the "Payee"), at Jacksonville, Florida, or at such other place as the legal holder hereof may designate in writing, the principal sum of $100,000.00, with interest thereon from the date hereof at the Applicable Rate (as hereinafter defined). All principal and accrued interest shall be due and payable on November 30, 2018. The "Applicable Rate," means Six Percent (6%) per annum.

Bbooth, Inc. – 10% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE DUE April 19, 2019 (October 25th, 2018)

This 10% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE is one of a series of duly authorized and validly issued 10% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTES of nFusz, Inc., a Nevada corporation (the "Company"), having its principal place of business at 344 S. Hauser Blvd., Suite 414, Los Angeles, California 90036, designated as its 10% Convertible Promissory Note due April 19, 2019 (this Note, the "Note," and, collectively with the other Notes of such series, the "Notes").

Broadleaf Capital Partners Inc. – Promissory Note (October 18th, 2018)

This Note may not be changed or terminated orally, but only with an agreement in writing, signed by the parties against whom enforcement of any waiver, change, modification or discharge is sought, with such agreement being effective and binding only upon the parties thereto.

Sysorex Global Holdings Corp. – Promissory Note (October 18th, 2018)

FOR VALUE RECEIVED, Inpixon, a Nevada corporation ("Borrower"), promises to pay in lawful money of the United States of America to the order of Iliad Research and Trading, L.P., a Utah limited partnership, or its successors or assigns ("Lender"), the principal sum of $2,520,000.00, together with all other amounts due under this Promissory Note (this "Note"). This Note is issued pursuant to that certain Note Purchase Agreement of even date herewith between Borrower and Lender (the "Purchase Agreement").

Lux Amber, Corp. – Promissory Note (October 17th, 2018)

FOR VALUE RECEIVED, the undersigned LUX AMBER, CORP. (the "Borrower"), promises to pay to GUO ZHEN (the "Lender"), or order, at 109 Grand Guo Zhuang Stgeet, Zhumadian City, Henan Province, China 46Z000, or such other address as may be directed in writing, the principal sum of Fifteen Thousand Dollars ($15,000), together with interest thereon at a rate of ten percent (10%) per annum, computed from the date hereof on the basis of a three hundred sixty (360) day year, actual days elapsed.

Promissory Note (October 15th, 2018)

FOR VALUE RECEIVED, OneUp Innovations, Inc., a Georgia corporation, with its principal office at 2745 Bankers Industrial drive, Atlanta, Georgia 30360, hereinafter referred to as the "Maker", promises to pay to __________________________________, hereinafter referred to as the "Lender" or "Holder", the principal sum of ______________________ ($______________) lawful money of the United States of America, together with simple interest thereon computed from the date hereof at the rate of twenty (20.0%) percent per annum, which principal shall be payable in a single installment of $_______________ on the ___ day of __________, 201X and interest shall be paid monthly at the rate of $_,___ per month. Interest payments shall be made no later than the 15th of each month with the first payment due on _____________, 201_.

Magna-Lab Inc -Cl A – Promissory Note (October 12th, 2018)

FOR VALUE RECEIVED, the undersigned, Magna-Lab Inc., a New York corporation ("Borrower"), HEREBY PROMISES TO PAY to the order of Magna Acquisition LLC or its registered assigns ( "Lender"), in lawful money of the United States of America, in the manner and at the times provided hereinafter, the principal sum of Three Thousand Dollars (US$3,000), together with Interest (as hereinafter defined) and Default Interest (as hereinafter defined) and all other amounts due and payable pursuant to and in accordance with terms of this Note.

Protalex – Promissory Note (October 12th, 2018)

FOR VALUE RECEIVED, PROTALEX, INC., a Delaware corporation ("Protalex"), having an address at 131 Columbia Turnpike, Suite 1, Florham Park, NJ 07932 (the "Company"), unconditionally promise to pay to the order of NIOBE VENTURES, LLC, a Delaware limited liability company (hereinafter referred to as the "Holder"), at the offices of Morse, Zelnick, Rose & Lander LLP, 825 Third Avenue, 16th floor, New York, New York 10022, or at such other place as Holder may designate in writing, the principal sum of Two Hundred Fifty Thousand and 00/100 Dollars ($250,000) (the "Principal Sum"), with interest thereon computed from the date hereof until maturity, whether on the Maturity Date (as hereinafter defined), by acceleration, or otherwise, at the rate of three percent (3.00%) per annum (the "Interest Rate"), and thereafter, in accordance with the terms of this Note, at the Default Rate (as hereinafter defined and governed), together with any costs, expenses and attorneys' fees incurred by Holder pu

Magna-Lab Inc -Cl A – Promissory Note (October 12th, 2018)

FOR VALUE RECEIVED, the undersigned, Magna-Lab Inc., a New York corporation ("Borrower"), HEREBY PROMISES TO PAY to the order of Magna Acquisition LLC or its registered assigns ( "Lender"), in lawful money of the United States of America, in the manner and at the times provided hereinafter, the principal sum of Three Thousand Five Hundred Dollars (US$3,500), together with Interest (as hereinafter defined) and Default Interest (as hereinafter defined) and all other amounts due and payable pursuant to and in accordance with terms of this Note.