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.

Probe Manufacturing – 8% Promissory Note (June 22nd, 2018)

FOR VALUE RECEIVED, Clean Energy Technologies, Inc., a Nevada Corporation (the "Company") doing business in Costa Mesa, CA, hereby promises to pay to the order of MGW Investment I Limited, a Cayman Island corporation and an accredited investor or its assigns (the "Holder"), the principal amount (the "Principal Amount") of Two Hundred and Fifty Thousand ($250,000) dollars ("Note"), at any time on or before June 21, 2019 (the "Maturity Date"), and to pay interest on the unpaid principal balance hereof at the rate of Eight Percent (8%) per annum (the "Interest Rate") commencing on the date hereof (the "Issuance Date"). The Company hereby acknowledges receipt of the Principal Amount from Holder.

Establishment Labs Holdings Inc. – Promissory Note (June 21st, 2018)

FOR VALUE RECEIVED ESTABLISHMENT LABS HOLDINGS INC. (hereafter, "Borrower"), a company incorporated in the Virgin British Islands, promises to pay [______________], an individual (hereafter, "Lender"), at [___________________], or at such other place as Lender hereof may from time to time designate in writing, the principal sum of [_________________________________] Dollars ($[____________]), with interest accruing on the unpaid principal at the rate of [_______] percent ([__]%) per annum from _____________ until paid. The aforementioned principal sum represents monies owed to [_________________________] for payment on the purchase of chattels.

Indoor Harvest Corp – Amendment #3 to the $550,000 Promissory Note Dated January 16, 2018 (June 15th, 2018)

The parties agree that the $550,000 Fixed Convertible Promissory Note (the "Note") by and between Indoor Harvest Corp. (the "Borrower") and Tangiers Global, LLC (the "Lender") is hereby amended as follows:

Pressure BioSciences, Inc. – Re: Agreement to Convert - May 2017 Promissory Note Obligation (June 15th, 2018)

Reference is made to that certain May 19, 2017 Promissory Note, in the Principal Amount of $630,000 (the "Promissory Note"), issued by the Company to you (the "May 2017 Promissory Note Documents").

Viking Investments Group Inc – PROMISSORY NOTE (REVOLVER Note) (June 15th, 2018)

FOR VALUE RECEIVED, PETRODOME ENERGY, LLC, a Texas limited liability company, MID-CON PETROLEUM, LLC, MID-CON DEVELOPMENT, LLC, and MID-CON DRILLING, LLC, each a Kansas limited liability company (collectively, the "Borrowers"), hereby jointly and severally promise to pay to the order of CROSSFIRST BANK, a Kansas banking corporation (the "Bank"), at the Bank's principal banking offices in Tulsa, Oklahoma, in lawful money of the United States of America, the principal sum of THIRTY MILLION and NO/100 DOLLARS ($30,000,000.00), or so much thereof as shall have been advanced hereunder as described in the Loan Agreement (as hereinafter defined) and remains unpaid and together with interest thereon from the date hereof on the unpaid balance of principal from time to time outstanding, and on any past due interest, at the adjustable variable annual rate of interest hereinafter specified, which interest is due and payable in consecutive monthly installments on the last day of each calendar month

Celebiddy, Inc. – Promissory Note (June 14th, 2018)

BETWEEN: Mary Malek (the "Lender"), an individual with her main address located at: (provide) AND: Celebiddy, Inc. (the "Borrower"), a corporation organized and existing under the laws of the State of DELAWARE, with its head office located at: 18 Narbonne Newport Beach, CA 92660

2304101 Ontario Inc. – Promissory Note (June 14th, 2018)
2304101 Ontario Inc. – Promissory Note (June 14th, 2018)

1.FOR VALUE RECEIVED, The Borrower promises to pay the Lender at such address as may be provided in writing to the Borrower, the principal sum of $_______ CAD, without interest payable on the unpaid principal on demand.

Magna-Lab Inc -Cl A – Promissory Note (June 13th, 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 Twenty Five Hundred Dollars (US$2,500), 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.

Magna-Lab Inc -Cl A – Promissory Note (June 13th, 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 Twenty Five Hundred Dollars (US$2,500), 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.

LF Capital Acquisition Corp. – Lf Capital Acquisition Corp. Amendment No. 3 to Promissory Note (June 13th, 2018)

This AMENDMENT NO. 3 TO PROMISSORY NOTE (the "Amendment"), effective as of April 27, 2018 (the "Effective Date"), is by and among LF CAPITAL ACQUISITION CORP., a Delaware corporation (the "Maker"), and LEVEL FIELD CAPITAL, LLC, a Delaware limited liability company (the "Payee").

LF Capital Acquisition Corp. – Amendment No. 1 to Promissory Note (June 13th, 2018)

This AMENDMENT NO. 1 TO PROMISSORY NOTE (the "Amendment"), effective as of December 31, 2017 (the "Effective Date"), is by and among LF CAPITAL ACQUISITION CORP., a Delaware corporation (the "Maker"), and LEVEL FIELD CAPITAL, LLC, a Delaware limited liability company (the "Payee").

LF Capital Acquisition Corp. – Lf Capital Acquisition Corp. Amendment No. 2 to Promissory Note (June 13th, 2018)

This AMENDMENT NO. 2 TO PROMISSORY NOTE (the "Amendment"), effective as of April 18, 2018 (the "Effective Date"), is by and among LF CAPITAL ACQUISITION CORP., a Delaware corporation (the "Maker"), and LEVEL FIELD CAPITAL, LLC, a Delaware limited liability company (the "Payee").

Magna-Lab Inc -Cl A – Promissory Note (June 13th, 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 Five Thousand Dollars (US$5,000), 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.

Magna-Lab Inc -Cl A – Promissory Note (June 13th, 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 Sixty Four Thousand Dollars (US$64,000), 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.

Integrated Surg Sys – Promissory Note (June 12th, 2018)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

Promissory Note (June 11th, 2018)

FOR VALUE RECEIVED, Natural Health Farm Holdings, Inc., a Nevada Corporation with an address at 1980 Festival Plaza Drive, Suite 530, Las Vegas, NV 89135 (referred to herein as "Debtor"), hereby irrevocably promises and agrees to pay to the order of GHS Investments, LLC a Nevada Limited Liability Company with an address at 420 Jericho Turnpike,, Suite 207, Jericho, NY 11753 ("Creditor"), or at such other place as set forth herein or as designated in writing by the Holder (as defined below) hereof, in lawful money of the United States of America, the principal sum of Forty Thousand Dollars ($40,000), together with interest thereon (if any) and other fees in connection therewith, all in accordance with the terms and conditions set forth below.

Anvia Holdings Corp – Promissory Note (June 8th, 2018)

FOR VALUE RECEIVED, Anvia Holdings Corp., a Delaware Corporation with an address at 1125 E Broadway #770, Glendale CA 91205 (referred to herein as "Debtor"), hereby irrevocably promises and agrees to pay to the order of GHS Investments, LLC a Nevada Limited Liability Company with an address at 420 Jericho Turnpike,, Suite 207, Jericho, NY 11753 ("Creditor"), or at such other place as set forth herein or as designated in writing by the Holder (as defined below) hereof, in lawful money of the United States of America, the principal sum of Forty Thousand Dollars ($40,000), together with interest thereon (if any) and other fees in connection therewith, all in accordance with the terms and conditions set forth below.

HL Acquisitions Corp. – Promissory Note (June 8th, 2018)

HL Acquisitions Corp. ("Maker") promises to pay to the order of Metropolitan Capital Partners V, LLC or his, her or its successors or assigns ("Payee") the principal sum of One Hundred Twenty Five Thousand Dollars and No Cents ($125,000.00) in lawful money of the United States of America, on the terms and conditions described below.

Promissory Note (June 7th, 2018)

FOR VALUE RECEIVED, MGT Capital Investments, Inc., a Delaware 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 $3,600,000.00, 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").

Opulent Acquisition, Inc. – Promissory Note (June 5th, 2018)

For value received, under the IP & IT Asset Purchase Agreement that has been duly executed between iHealthcare, Inc. and Empower Holdings Group, LLC, the undersigned iHealthcare, Inc. (the "Borrower"), at 3901 NW 28th Street, 2nd Floor, Miami, Florida 33142, promises to pay Perez-Tio Family Trust, LLC at the direction of Empower Holdings Group, LLC (the "Lender"), at 13595 SW 134 Ave Suite 209 Miami Florida, 33186 (or at such other place as the Lender may designate in writing), the sum of Two-Million-Five-Hundred-Thousand-Dollars $2,500,000.00 with interest from June 01, 2018, on the unpaid principal at the rate of 4% per annum. The Asset Transfer, pursuant to the IP & IT Asset Purchase Agreement, represents the security for this Promissory Note.

International Stem Cell CORP – International Stem Cell Corporation Promissory Note (June 5th, 2018)

FOR VALUE RECEIVED, and subject to the terms and conditions set forth herein, on this 31st day of May, 2018 (the "Issuance Date"), International Stem Cell Corporation, a Delaware corporation, with offices located at 5950 Priestly Drive, Carlsbad, CA 92008 (the "Borrower"), hereby unconditionally promises to pay to the order of Andrey Semechkin or his assigns (the "Noteholder"), the principal amount of one million and one hundred thousand dollars ($1,100,000) (the "Loan"), together with all accrued interest thereon, as provided in this Promissory Note (the "Note").

Amended and Restated Promissory NOTE (June 4th, 2018)

THIS AMENDED AND RESTATED PROMISSORY NOTE (this "Note") is effective as of June 1, 2018 (the "Effective Date") in the principal amount of ONE MILLION SIX HUNDRED THOUSAND and NO/100 Dollars ($1,600,000.00).

Body & Mind Inc. – PROMISSORY NOTE (Balloon Payment Required) (June 1st, 2018)

FOR VALUE RECEIVED Deploy Technologies, Inc., a Nevada public corporation, (the "Borrower"), promises to pay to NV Trees LLC, a Nevada limited liability company, (the "Lender"), or to its order, as of November 14, 2017 (the "Effective Date"), in lawful money of the United States of America, in cash or immediately available funds acceptable to the holder thereof, the principal sum of One Hundred Twenty Thousand Dollars (US $120,000.00) (the "Principal"), in accordance with the terms, conditions and provisions hereinafter set forth in this Promissory Note (the "Note").

Body & Mind Inc. – MASTER PROMISSORY NOTE (Balloon Payments Required) (June 1st, 2018)

This Master Promissory Note (the "Note") is dated as of November 14, 2017 (the "Effective Date") among Deploy Technologies Inc., a Nevada corporation ("Deploy"), DEP Nevada, a Nevada corporation ("DEP"), Nevada Medical Group LLC, a Nevada limited liability company ("NMG"), KAJ Universal Real Estate Investments, LLC, a Nevada limited liability company ("KAJ"), SW Fort Apache, LLC, a Nevada limited liability company ("Apache"), The Rozok Family Trust ("RFT"), NV Trees, LLC, a Nevada limited liability company ("NVT"), MBK Investments, LLC, a California limited liability company ("MBK"; and collectively with KAJ, Apache, RFT, and NVT, the "NMG Members"), and TI Nevada, LLC, a Nevada limited liability company ("TI Nevada").

Body & Mind Inc. – PROMISSORY NOTE (Balloon Payment Required) (June 1st, 2018)

FOR VALUE RECEIVED Deploy Technologies, Inc., a Nevada public corporation, (the "Borrower"), promises to pay to KAJ Universal Real Estate Investments, LLC, a Nevada limited liability company, (the "Lender"), or to its order, as of November 14, 2017 (the "Effective Date"), in lawful money of the United States of America, in cash or immediately available funds acceptable to the holder thereof, the principal sum of Four Hundred Ninety Thousand Dollars (US $490,000.00) (the "Principal"), in accordance with the terms, conditions and provisions hereinafter set forth in this Promissory Note (the "Note").

Body & Mind Inc. – PROMISSORY NOTE (Balloon Payment Required) (June 1st, 2018)

FOR VALUE RECEIVED Deploy Technologies, Inc., a Nevada public corporation, (the "Borrower"), promises to pay to SW Fort Apache, LLC, a Nevada limited liability company (the "Lender"), or to its order, as of November ____, 2017 (the "Effective Date"), in lawful money of the United States of America, in cash or immediately available funds acceptable to the holder thereof, the principal sum of Four Hundred Ninety Thousand Dollars (US $490,000.00) (the "Principal"), in accordance with the terms, conditions and provisions hereinafter set forth in this Promissory Note (the "Note").

Body & Mind Inc. – PROMISSORY NOTE (Balloon Payment Required) (June 1st, 2018)

FOR VALUE RECEIVED Deploy Technologies, Inc., a Nevada public corporation, (the "Borrower"), promises to pay to The Rozok Family Trust (the "Lender"), or to its order, as of November 14, 2017 (the "Effective Date"), in lawful money of the United States of America, in cash or immediately available funds acceptable to the holder thereof, the principal sum of Four Hundred Fifty Thousand Dollars (US $450,000.00) (the "Principal"), in accordance with the terms, conditions and provisions hereinafter set forth in this Promissory Note (the "Note").

Body & Mind Inc. – PROMISSORY NOTE (Balloon Payment Required) (June 1st, 2018)

FOR VALUE RECEIVED Deploy Technologies, Inc., a Nevada public corporation, (the "Borrower"), promises to pay to MBK Investments, LLC, a Nevada limited liability company, (the "Lender"), or to its order, as of November 14, 2017 (the "Effective Date"), in lawful money of the United States of America, in cash or immediately available funds acceptable to the holder thereof, the principal sum of Four Hundred Fifty Thousand Dollars (US $450,000.00) (the "Principal"), in accordance with the terms, conditions and provisions hereinafter set forth in this Promissory Note (the "Note").

Bionik Laboratories Corp. – Bionik Laboratories Corp. Promissory Note (May 31st, 2018)

Bionik Laboratories Corp., a Delaware corporation (the "Company"), for value received, hereby promises to pay to RGD Investissements S.A.S. or its permitted assigns or successors (the "Holder"), the principal amount of Five Hundred Ninety Thousand Dollars (US$590,000.00) (the "Principal Amount"), without demand, on the Maturity Date (as hereinafter defined), together with any accrued and unpaid interest due thereon. This Note shall bear interest at a fixed rate of 1% per month, beginning on the Issue Date. Interest shall be computed based on a 360-day year of twelve 30-day months and shall be payable, along with the Principal Amount, on the Maturity Date. Payment of all principal and interest due shall be in such coin or currency of the United States of America as shall be legal tender for the payment of public and private debts at the time of payment.

Olivia Ventures, Inc. – Promissory Note (May 30th, 2018)

FOR VALUE RECEIVED, and intending to be legally bound, Olivia Ventures, Inc., a Delaware corporation (the "Maker"), with an address at 2255 Glades Road, Suite 324A, Boca Raton, Florida 33431, hereby unconditionally and irrevocably promises to pay to the order of Mark Tompkins, an individual (the "Payee") with an address at Apt. 1, Via Guidino 23, 6900 Lugano, Paradiso, Switzerland, in lawful money of the United States of America, the sum of any and all amounts that the Payee may advance to the Maker or any other third parties on behalf of the Maker as set forth on Schedule A attached hereto, which may be amended from time to time as funds are advanced (the "Principal Amount") on or before the date (the "Maturity Date") that the Maker (or a wholly owned subsidiary of the Maker) consummates a business combination with a private company in a reverse merger or reverse takeover transaction or other transaction after which the Maker would cease to be a shell company (as defined in Rule 12b-2

Promissory Note (May 30th, 2018)

This Note is free from all taxes, liens, claims and encumbrances with respect to the issue thereof and shall not be subject to preemptive rights or other similar rights of shareholders of the Borrower and will not impose personal liability upon the holder thereof.

Goldfield Corporation (The) – Addendum to Modification Promissory Note (May 30th, 2018)

THIS ADDENDUM TO MODIFICATION PROMISSORY NOTE ("Addendum") is hereby made a part of the Modification Promissory Note dated May 24, 2018, from The Goldfield Corporation ("Borrower") payable to the order of Branch Banking and Trust Company ("Bank") in the principal amount of $27,490,000.00 (including all renewals, extensions, modifications and substitutions thereof, the "Note").

Goldfield Corporation (The) – Modification Promissory Note (May 30th, 2018)

The Goldfield Corporation (whether one or more, the "Borrower") HEREBY REPRESENTS THAT THE LOAN EVIDENCED BY THIS MODIFICATION PROMISSORY NOTE ("Note") IS BEING OBTAINED FOR BUSINESS/COMMERCIAL OR AGRICULTURAL PURPOSES AND NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. For value received, the Borrower, jointly and severally if more than one, promises to pay to BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (including its successors and assigns, the "Bank"), or order, at any of Bank's offices in the above referenced city (or such other place or places that may be hereafter designated by Bank) the sum of Twenty Seven Million Four Hundred Ninety Thousand and no/100 Dollars ($27,490,000.00), or such lesser amount outstanding at maturity, in immediately available currency of the United States of America. This Note consolidates that certain Promissory Note dated June 9, 2017, executed by the Borrower in favor of Bank in the original principal amount of $22,600,000

Goldfield Corporation (The) – Promissory Note (May 30th, 2018)

The Goldfield Corporation (whether one or more, the "Borrower") HEREBY REPRESENTS THAT THE LOAN EVIDENCED BY THIS PROMISSORY NOTE ("Note") IS BEING OBTAINED FOR BUSINESS/COMMERCIAL OR AGRICULTURAL PURPOSES AND NOT FOR PERSONAL, FAMILY, OR HOUSEHOLD PURPOSES. For value received, the Borrower, jointly and severally if more than one, promises to pay to BRANCH BANKING AND TRUST COMPANY, a North Carolina banking corporation (including its successors and assigns, the "Bank"), or order, at any of Bank's offices in the above referenced city (or such other place or places that may be hereafter designated by Bank) the sum of Eighteen Million and no/100 Dollars ($18,000,000.00), or such lesser amount outstanding at maturity, in immediately available currency of the United States of America.