Promissory Note Sample Contracts

Gopher Protocol Inc. – PROMISSORY NOTE (March 1st, 2019)

FOR VALUE RECEIVED, Gopher Protocol Inc., 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 $2,325,000.00, 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”).

Heartland Financial Usa Inc – PROMISSORY NOTE (February 27th, 2019)

PROMISE TO PAY. Heartland Financial USA, Inc. ("Borrower") promises to pay to Bankers Trust Company ("lender"), or order, in lawful money of the United States of America, the principal amount of Thirty-eight Million Three Hundred Thirty-three Thousand Three Hundred Thirty-Three & 25/100 Dollars ($38,333,333.25) 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.

Heartland Financial Usa Inc – PROMISSORY NOTE (February 27th, 2019)

PROMISE TO PAY. Heartland Financial USA, Inc. ("Borrower") promises to pay to Bankers Trust Company ("lender"), or order, in lawful money of the United States of America, the principal amount of Thirty Million & 00/100 Dollars ($30,000,000.00) 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.

One World Pharma, Inc. – AMENDED AND RESTATED PROMISSORY NOTE (February 25th, 2019)

This Amended and Restated Promissory Note (this “Note”) evidences loans made by Borrower to Payee prior to the date hereof, as set forth on Schedule A hereto, pursuant to separate Demand Promissory Notes (the “Demand Notes”) dated as of the date of each such loan, and amends and restates the Demand Notes in their entirety.

Big Rock Partners Acquisition Corp. – PROMISSORY NOTE (February 22nd, 2019)

Big Rock Partners Acquisition Corp. (“Maker”) promises to pay to the order of BRAC Lending Group LLC or its successors or assigns (“Payee”) the principal sum of Six Hundred Ninety Thousand Dollars and No Cents ($690,000.00) in lawful money of the United States of America, on the terms and conditions described below.

DPW Holdings, Inc. – PROMISSORY NOTE (February 20th, 2019)

FOR VALUE RECEIVED, DPW Holdings, Inc., a Delaware corporation (the “Company”), hereby promises to pay to the order of _________, or its registered assigns (“Holder”) the amount set forth above as the original principal amount (as reduced pursuant to the terms hereof the “Principal”) when due, whether upon April 15, 2019 (the “the Maturity Date”), or upon acceleration or otherwise (in each case in accordance with the terms hereof) and to pay interest (“Interest”) on any outstanding Principal at the applicable Interest Rate (as defined below) from the date set forth above as the Issuance Date (the “Issuance Date”) until the same becomes due and payable, whether upon the Maturity Date or upon acceleration, prepayment or otherwise (in each case in accordance with the terms hereof). This Promissory Note (this “Note”) is issued to the Holder as of the Issuance Date by the Company. Certain capitalized terms used herein are defined in Section 20. This Note is issued pursuant to an Exchange Ag

Sonic Foundry Inc – PROMISSORY NOTE (February 20th, 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 February 14, 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 February 14, 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 design

Alternative Investment Corp – PROMISSORY NOTE (February 19th, 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. $7,000, 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.

Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Oxford Northeast Ltd. – Promissory Note (February 15th, 2019)
Revolution Lighting Technologies, Inc. – PROMISSORY NOTE (February 14th, 2019)

The unpaid principal amount of this Note shall bear interest from and after the date of this Note at a rate per annum which is at all times equal to the greater of (i) the One Month LIBOR Rate (hereinafter defined) then in effect plus three hundred seventy five (375) basis points (3.75%) or (ii) the current applicable interest rate under, and in accordance with the terms in, that certain Loan and Security Agreement by and between Maker, Bank of America, N.A. and others dated as of August 20, 2014, as the same has been and may in the future be amended, restated, supplemented or otherwise modified (the “BOA Loan Agreement”), including without limitation any default rate applicable thereunder as and when permitted to be imposed by Bank of America, N.A. (for the avoidance of doubt, if the BOA Termination (as defined below) has occurred, then this rate is determined to be zero), plus one hundred (100) basis points (1.00%) (the “Bank-Related Rate”). Interest hereunder will be calculated base

Truli Technologies, Inc. – ORIGINAL ISSUE DISCOUNT PROMISSORY NOTE (February 14th, 2019)

In exchange for receipt of $50,000 (the “Loan”) 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 $60,000 on or before the earlier of (i) the 90th day subsequent to the Issuance Date of this 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. At any time the Payee shall have

Tuscan Holdings Corp. – PROMISSORY NOTE (February 13th, 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.

Sonic Foundry Inc – 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

Verus International, 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”).

Yulong Eco-Materials Ltd – PROMISSORY NOTE (February 11th, 2019)

FOR VALUE RECEIVED, Yulong Eco-Materials Limited, a Cayman Islands corporation, as maker (“Borrower”), hereby promises to pay to the order of CVI Investments, Inc. (“Lender”), the principal sum of Two Million Five Hundred Thousand Dollars ($2,500,000.00), in lawful money of the United States of America, and to be paid in accordance with the terms of this Note and that certain Loan and Security Agreement, dated the date hereof, between Borrower and Lender (the “Loan Agreement”). This Note is issued by the Borrower to the Lender pursuant to the terms of the Loan Agreement. All capitalized terms not defined herein shall have the respective meanings set forth in the Loan Agreement.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

FISION Corp – 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.

Gopher Protocol Inc. – 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.

Verb Technology Company, 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 nFüsz, 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”).

VPR Brands, LP. – PROMISSORY NOTE (February 6th, 2019)

FOR VALUE RECEIVED, VPR Brands, LP, a Delaware limited partnership (the “Company”), hereby promises to pay to the order of Kevin Frija or registered assigns (the “Holder”) on February 1st, 2020 (the “Maturity Date”), the principal amount set forth above (the “Principal Amount”), and to pay interest on the outstanding Principal Amount at the rate of Twenty Four percent (24%) per annum (the “Note”). Interest shall commence accruing on the date hereof (the “Issue Date”), computed on the basis of a 365-day year and the actual number of days elapsed, provided that any payment otherwise due on a Saturday, Sunday or legal Bank holiday may be paid on the following business day. All payments due hereunder, shall be made in lawful money of the United States of America.

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.

Ando Holdings Ltd. – 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.

iHealthcare, 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.

One Horizon Group, Inc. – PROMISSORY NOTE (February 5th, 2019)

For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Banana Whale Studios Pte Ltd (the “Company”) agrees to pay to the order of One Horizon Group, Inc. (“OHGI”), on or before December 31, 2019 (the “Maturity Date”), the principal sum of five hundred thousand ($500,000) U. S. dollars together with interest thereon as provided in this Promissory Note (the “Note”).