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.

Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Promissory Note (February 12th, 2019)

FOR VALUE RECEIVED, the undersigned Sonic Foundry, Inc., a Maryland Corporation ("Borrower") promises to pay to Mark Burish, a Wisconsin resident ("Lender"), the principal sum of One Million Dollars (US $1,000,000.00), with interest on the unpaid principal balance at the rate of 9.25% percent per annum. Interest accrued on this Note shall be due and payable on each January 31, or the next business day if such day is not a day on which the national banking associations are open for business, of each year during the term of this Note. The then outstanding principal balance of this Note, plus any then unpaid accrued interest, shall be due and payable on January 31, 2020, or the next business day if such day is not a day on which the national banking associations are open for business. This Note may be prepaid at any time without penalty. All payments due under this Note shall be payable at 33 East Main Street, Suite 400, Madison, Wisconsin 53703, or such other place as may be designat

Realbiz Media Group, Inc – Amendment No 2. To Promissory Note (February 12th, 2019)

This Amendment No. 2 (this "Amendment") to the promissory note dated February 8, 2019 is by and between Verus International, Inc., a Delaware corporation (the "Company") and Donald P. Monaco Insurance Trust (the "Holder").

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means October 15, 2018, which payment shall be paid to Payee with proceeds funded by third parties to Maker on or about October 15, 2018. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

DE Acquisition 6, Inc. – Promissory Note (February 8th, 2019)

This Promissory Note (this "Note") and all amounts of principal and accrued but unpaid interest thereunder will be due and payable on the Maturity Date. As used in this Note, "Maturity Date" means August 31, 2019, as such date may be extended (up to two successive additional 90 day extensions) by the Maker by prior written notice (as to each extension) to the Payee. This Note may not be amended or modified, nor will any waiver of any provision hereof be effective, except by an instrument in writing signed by the party against whom enforcement of any amendment, modification, or waiver is sought. The Maker may prepay the Note in whole or in part at any time or from time to time without penalty or premium by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment.

Promissory Note (February 7th, 2019)

This Note can be prepaid in whole or in part at any time without the consent of the Holder provided that Maker shall pay all accrued interest on the principal so prepaid to date of such prepayment.

Bbooth, Inc. – 5% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE DUE August 1, 2019 (February 7th, 2019)

This 5% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE is one of a series of duly authorized and validly issued 5% ORIGINAL ISSUE DISCOUNT PROMISSORY NOTES of Verb Technology Company, Inc., a Nevada corporation formerly known as nFusz, Inc. (the "Company"), having its principal place of business at 344 S. Hauser Blvd., Suite 414, Los Angeles, California 90036, designated as its 5% Original Issue Discount Convertible Promissory Note due August 1, 2019 (this Note, the "Note," and, collectively with the other Notes of such series, the "Notes").

Tortoise Acquisition Corp. – Promissory Note (February 6th, 2019)

FOR VALUE RECEIVED, the undersigned Tortoise Acquisition Corp., a Delaware corporation ("Maker" or the "Company"), whose address is 11550 Ash Street, Suite 300, Leawood, KS 66211, hereby unconditionally promises to pay to the order of Tortoise Sponsor LLC, a Delaware limited liability company ("Payee"), at Payee's office at 11550 Ash Street, Suite 300, Leawood, KS 66211 (or such other address specified by Payee to Maker), the sum of THREE HUNDRED THOUSAND DOLLARS ($300,000) or such lesser amount as shall have been advanced by Payee to Maker and shall remain unpaid under this note (this "Note"), in legal and lawful money of the United States of America.

PC Mobile Media Corp. – Promissory Note (February 5th, 2019)
Monaker Group, Inc. – Promissory Note (February 5th, 2019)

FOR VALUE RECEIVED, the undersigned, Monaker Group, Inc., a Nevada company, having an address at 2893 Executive Park Drive, Suite 201, Weston FL 33331 ("Borrower"), promises to pay to the order of the Donald P. Monaco Insurance Trust ("Lender"), located at 353 E. Liberty Drive, Wheaton, IL 60187, the principal sum of up to SEVEN HUNDRED Thousand ($700,000.00) Dollars (as such funds may be loaned from time to time hereunder, the "Principal Amount"), together with interest on the unpaid Principal Amount thereof from the date of the execution (the "Execution Date"), at the rates provided herein until February 1, 2020 (the "Maturity Date"); provided, however, that from and after (i) the Maturity Date, whether upon stated maturity, acceleration or otherwise, or (ii) the date on which the interest rate hereunder is increased to the Default Rate (as hereinafter defined) as provided herein, such additional interest shall be computed at the Default Rate.

Opulent Acquisition, Inc. – Promissory Note (February 5th, 2019)

For value received, under the Business Development Agreement [related to the delivery of an executed Management and Administrative services Agreement for CAH Acquisition Company 4, LLC D/B/A Drumright Regional Hospital (DRH)] that has been duly executed between iHealthcare Management II Company and the Managing Partner of DRH, the undersigned iHealthcare Management II Company, a Florida Corporation (the "Borrower"), at 3901 NW 28th Street, 2nd Floor, Miami, Florida 33142, promises to pay Empower Capital Group, LLLP at the direction of Jorge A. Perez and Ricardo J. Perez (the "Lender"), at 201 Alhambra Circle, Suite 702, Coral Gables, FL 33134(or at such other place as the Lender may designate in writing), the sum of Eight Hundred Sixty Five Thousand Four Hundred Sixty Dollars $865,460.00 with interest from January 7, 2019, on the unpaid principal at the rate of 4% per annum.

PROMISSORY NOTE Principal Loan Date Maturity Loan No Officer (February 1st, 2019)

PROMISE TO PAY. AMERICAN BRIVISION (HOLDING) CORPORATION ("Borrower") promises to pay to CATHAY BANK, a California Banking Corporation ("Lender"), or order, in lawful money of the United States of America, the principal amount of One Million & 00/100 Dollars ($1,000,000.00) or so much as may be outstanding, together with interest on the unpaid outstanding principal balance of each advance. Interest shall be calculated from the date of each advance until repayment of each advance.

Spatializer Audio Laboratories – Promissory Note (January 25th, 2019)

FOR VALUE RECEIVED, the undersigned AMERI100 ARIZONA LLC, an Arizona limited liability company, AMERI100 GEORGIA INC., a Georgia corporation, AMERI100 CALIFORNIA INC., a Delaware corporation, and AMERI AND PARTNERS INC, a Delaware corporation (individually and collectively, "Borrower"), jointly and severally, promise to pay to the order of NORTH MILL CAPITAL LLC, a Delaware limited liability company ("Lender"), at 821 Alexander Road, Suite 130, Princeton, New Jersey 08540, or such other address as Lender may notify Borrower, such sum up to Ten Million and 00/100 ($10,000,000.00) Dollars, together with interest as hereinafter provided, as may be outstanding on Advances by Lender to Borrower under Section 2.1 of the Loan and Security Agreement dated as of even date hereof, by and between Lender and Borrower (as amended, modified, supplemented, substituted, extended or renewed from time to time, the "Loan Agreement"). Capitalized terms not other

Nexxus Lighting Inc – Promissory Note (January 18th, 2019)
Casey's General Stores – Promissory Note (January 17th, 2019)

UNCONDITIONALLY CANCELABLE. Notwithstanding anything to the contrary in this Note or any other agreement or understanding involving Borrower and Lender, (1) the line of credit evidenced by this Note and all other commitments, facilities, and accommodations under or related to this Note are unconditionally cancelable by Lender, and (2) Lender may, at any time, with or without cause, terminate or refuse to extend credit under the line of credit evidenced by this Note or any other commitment, facility, or accommodation under or related to this Note (to the fullest extent permitted under applicable law). This paragraph applies to any letter-of-credit facility or other obligation of Lender to issue a letter of credit for the benefit of Borrower in connection with this Note (if and to the extent that such a facility or other obligation separately exists), but once issued, whether a letter of credit is itself conditionally or unconditionally cancelable is governed by other provisions of contr

Sharing Services, Inc. – Promissory Note (January 15th, 2019)

For Value received, Sharing Services, Inc. promises to pay Alchemist Holdings Group the principal amount of Three Hundred Thousand Dollars. ($300,000.00).

Paradigm Resource Management Corp – Promissory Note (January 15th, 2019)

FOR VALUE RECEIVED, Alternative Investment Corporation (Borrower) promises to pay to the order of Alternative Strategy Partners Pte Ltd (Lender), the sum of U.S. $6,000, at an interest rate of 8% per annum on the unpaid balance. The Maturity Date is twelve (12) months from the Effective Date (the Maturity Date) and is the date upon which the Principal Sum of this Note and unpaid interest and fees (the Note Amount) shall be due and payable.

Greystone Logistics – PROMISSORY NOTE International Bank of Commerce (January 14th, 2019)

For good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the undersigned, jointly and severally, (hereinafter "Borrower", whether one or more) promise to pay to the order of International Bank of Commerce (hereinafter "Lender"), at 3817 NW Expressway, Suite 100, Oklahoma City, Oklahoma 73112, or such other address as Lender may specify from time to time, the sum of Four Million Dollars and No Cents ($4,000,000.00), in legal and lawful money of the United States of America, with interest as it accrues on the outstanding principal balance from date of advance of such principal until paid.

Magna-Lab Inc -Cl A – Promissory Note (January 11th, 2019)

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 Four Hundred Dollars (US$3,400), 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.

Tuscan Holdings Corp. – Promissory Note (January 9th, 2019)

Tuscan Holdings Corp. ("Maker") promises to pay to the order of Stephen A. Vogel or his successors or assigns ("Payee") the principal sum of One Hundred Fifty Thousand Dollars and No Cents ($150,000) in lawful money of the United States of America, on the terms and conditions described below.

Promissory Note (January 8th, 2019)

FOR VALUE RECEIVED, the undersigned Sonic Foundry, Inc., a Maryland Corporation ("Borrower") promises to pay to Mark Burish, a Wisconsin resident ("Lender"), the principal sum of One Million Dollars (US $1,000,000.00), with interest on the unpaid principal balance at the rate of 9.25% percent per annum. Interest accrued on this Note shall be due and payable on each December , or the next business day if such day is not a day on which the national banking associations are open for business, of each year during the term of this Note. The then outstanding principal balance of this Note, plus any then unpaid accrued interest, shall be due and payable on January 4, 2020, or the next business day if such day is not a day on which the national banking associations are open for business. This Note may be prepaid at any time without penalty. All payments due under this Note shall be payable at 33 East Main Street, Suite 400, Madison, Wisconsin 53703, or such other place as may be designated

Zev Ventures Inc. – Promissory Note (January 7th, 2019)

THIS PROMISSORY NOTE issued by Full Spectrum Inc. (the "Maker"), relates to the principal amount of $250,000 (the "Principal Debt") owed by the Maker to ____________________(hereinafter, along with all subsequent holders of this Note, the "Payee").

Zev Ventures Inc. – Promissory Note (January 7th, 2019)

Capitalized terms used herein without definition shall have the meanings ascribed to such terms in that certain Securities Purchase Agreement dated as of ___________, 2016, between Borrower and the Holder (as amended, modified or supplemented from time to time, the "SPA").

Sysorex Global Holdings Corp. – Promissory Note (December 31st, 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 $1,895,000.00, 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").

RENEWED PROMISSORY NOTE (Acquisition Line) (December 27th, 2018)

This Note is subject to those terms and conditions set forth in that certain Credit Facility, Loan and Security Agreement between Borrowers and Bank dated December 22, 2015, as restated by that certain Restated Credit Facility, Loan and Security Agreement between Borrowers and Bank dated October 27, 2017, and as renewed by the First Renewal of the Restated Credit Facility, Loan and Security Agreement between Borrowers and Bank dated December 27, 2018 (collectively the "Loan Agreement").

Pivotal Acquisition Corp – Promissory Note (December 26th, 2018)
SolarMax Technology, Inc. – PROMISSORY NOTE (This "Note") (December 24th, 2018)