Promissory Note And Security Agreement Sample Contracts

Genprex, Inc. – Promissory Note and Security Agreement (April 4th, 2018)
Promissory Note and Security Agreement (February 15th, 2018)

FOR VALUE RECEIVED, the undersigned, Ambac Assurance Corporation, a Wisconsin-domiciled insurance company (the "Ambac Note Issuer"), hereby promises to pay to Ambac LSNI, LLC, a Cayman Islands limited liability company (together with its successors or assigns, the "Holder"), Two Billion One Hundred Fifty-Four Million Three Hundred Fifty-One Thousand Three Hundred Seventy-Eight Dollars ($2,154,351,378.00), together with interest, as described below. Reference is made herein to that certain Indenture (the "Secured Notes Indenture"), dated as of the date hereof (the "Issue Date"), by and between the Holder, as issuer and The Bank of New York Mellon, as Trustee and Note Collateral Agent (the "Note Collateral Agent"); capitalized terms used herein but not otherwise defined shall have the meaning given to such terms in the Secured Notes Indenture on the Issue Date.

Promissory Note and Security Agreement (March 31st, 2015)

This Note has been executed and delivered pursuant to and in accordance with the terms and conditions of that Software Assets Purchase Agreement dated as of February 6, 2015 (the "Purchase Agreement"), by and among Maker, Payee and the Members (as defined therein) and is subject to the terms and conditions of the Purchase Agreement, which are, by this reference, incorporated herein and made a part hereof. Capitalized terms used in this Note without definition shall have the respective meanings set forth in the Purchase Agreement.

Crown Alliance Capital Ltd – Promissory Note and Security Agreement (November 1st, 2013)

For good and valuable consideration, Crown Alliance Capital Limited, a Nevada corporation with an address of 2985 Drew Road Suite 217, Mississauga, ON L4T OA4, Canada ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of Rigod Holdings Limited, an individual , or its assigns ("Holder"), and hereby agree as follows:

Crown Alliance Capital Ltd – Promissory Note and Security Agreement (November 1st, 2013)

For good and valuable consideration, Crown Alliance Capital Limited, a Nevada corporation with an address of 2985 Drew Road Suite 217, Mississauga, ON L4T OA4, Canada ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of Cyril Lacko in Trust, an individual , or its assigns ("Holder"), and hereby agree as follows:

Crown Alliance Capital Ltd – Promissory Note and Security Agreement (November 1st, 2013)

For good and valuable consideration, Crown Alliance Capital Limited, a Nevada corporation with an address of 2985 Drew Road Suite 217, Mississauga, ON L4T OA4, Canada ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of The Cesana Family Corporation, a ____ Corporation, or its assigns ("Holder"), and hereby agree as follows:

Endurance Exploration Group, Inc. – Promissory Note and Security Agreement (January 22nd, 2013)

FOR VALUE RECEIVED, TECTON CORPORATION, a Nevada Corporation having its principal office at 15500 Roosevelt Blvd., Suite 301, Clearwater, FL 33760 (Debtor or Payor), promises to pay to ISLAND CAPITAL MANAGEMENT, LLC (Holder or Noteholder) (1) the principal sum of Twenty-Five Thousand Dollars and no cents ($25,000.00) (the Principal Sum), on the on the earlier of (a) three-hundred sixty five (365) days from the Date of this Note, or (b) the effective date of a plan of reorganization filed and confirmed by Payors, (the Maturity Date); plus, (2) interest on the unpaid balance of the Principal Sum from the date hereof until paid, at the rate of six percent (6%) per annum, computed on the basis of a 360-day year for the actual number of days elapsed, such interest to be payable at the time of any prepayment pursuant to Section 1 below and on the Maturity Date. This promissory note (this Note) shall mature, and the outstanding principal amount and all accrued and unpaid interest thereon sha

Aja Cannafacturing, Inc. – Convertible Promissory Note and Security Agreement (December 7th, 2012)

For good and valuable consideration, IDS SOLAR TECHNOLOGIES, INC., a Nevada corporation, ("Maker"), hereby makes and delivers this Convertible Promissory Note and Security Agreement (this "Note") in favor of Steven J. Caspi or his assigns ("Holder"), and hereby agree as follows:

Promissory Note and Security Agreement (May 24th, 2012)

For value received, and on the terms and subject to the conditions set forth herein, VUZIX CORPORATION, a Delaware corporation (the "Borrower"), hereby promises to pay LC CAPITAL MASTER FUND, LTD., a Cayman Islands corporation (the "Lender"), on the Termination Date (as hereinafter defined) the principal sum of Five Hundred Thousand Dollars ($500,000) (the "Loan") or, if less, the aggregate unpaid principal amount of the Advances from time to time outstanding made available by the Lender to the Borrower pursuant to this promissory note and security agreement (this "Note"). The Borrower hereby promises to pay interest on the unpaid principal amount of the Loan on the dates and at the rates provided for in this Note.

Institutional Financial Markets – Senior Secured Promissory Note and Security Agreement (May 8th, 2012)

IFMI, LLC, a Delaware limited liability company (the Company or Maker), having an address at 2929 Arch Street, 17th Floor, Philadelphia, PA 19104, for value received, hereby promises to pay to the order of PrinceRidge Holdings LP, a Delaware limited liability partnership (the Payee), the principal amount of Eight Million and 00/100 Dollars ($8,000,000.00), or so much thereof as shall have been advanced and shall remain unpaid, plus interest on the principal balance thereof from time to time outstanding until the date paid, at the rates set forth below. This Senior Secured Promissory Note (this Note) is made in connection with the exercise of an option to borrow pursuant to Section 5.05(b) of the Fourth Amended and Restated Limited Liability Company Agreement, dated as of May 31, 2011, of PrinceRidge Partners LLC, a Delaware limited liability company (PrinceRidge LLC) and Section 5.05(b) of the Fourth Amended and Restated Limited Partnership Agreement, dated as of May 31, 2011, of Princ

Geospatial Holdings – Promissory Note and Security Agreement (December 19th, 2011)

FOR VALUE RECEIVED, UNDERSIGNED GEOSPATIAL HOLDINGS, INC., a corporation organized under the laws of the State of Nevada (the "Borrower"), promises to pay to the order of Lowery Enterprises, LLC, a corporation organized under the laws of the State of Oregon (the "Lender"), at such place as the Lender may from time to time designate in writing, the outstanding principal sum of Three Hundred Thousand Dollars ($300,000.00), with interest payable as hereinafter set forth. Principal and interest shall be payable in lawful money which shall be legal tender in payment of all debts, public and private.

Xenetic Biosciences, Inc. – Purchase Money Promissory Note and Security Agreement (November 21st, 2011)

For good and valuable consideration, General Aircraft, Inc., a Nevada corporation, ("Maker"), hereby makes and delivers this Purchase Money Promissory Note and Security Agreement (this "Note") in favor of Western Intermountain Holdings Trust, or its assigns ("Holder"), and hereby agrees as follows:

Galaxy Gaming Inc – PROMISSORY NOTE AND SECURITY AGREEMENT - UK (Exhibit a - UK to the Asset Purchase Agreement) (October 11th, 2011)

For good and valuable consideration, Galaxy Gaming, Inc., a Nevada corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement - UK (this "Note") in favor of Prime Table Games, UK ("Holder") The parties acknowledge that this Note and a companion promissory note of even date herewith and referenced as Promissory Note and Security Agreement - US collectively represent Exhibit A of the Asset Purchase Agreement of even date herewith (collectively the "Notes"). The parties hereby agree as follows:

Promissory Note and Security Agreement (October 11th, 2011)
Galaxy Gaming Inc – PROMISSORY NOTE AND SECURITY AGREEMENT - US (Exhibit a - US to the Asset Purchase Agreement) (October 11th, 2011)

For good and valuable consideration, Galaxy Gaming, Inc., a Nevada corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement - US (this "Note") in favor of Prime Table Games, LLC ("Holder"). The parties acknowledge that this Note and a companion promissory note of even date herewith and referenced as Promissory Note and Security Agreement - UK collectively represent Exhibit A of the Asset Purchase Agreement of even date herewith (collectively the "Notes"). The parties hereby agree as follows:

Cross Click Media Inc. – Promissory Note and Security Agreement (July 20th, 2011)

For good and valuable consideration, Southern Products, Inc., a Nevada corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of CC Fund, LLC a Nevada Limited Liability Company, or its assigns ("Holder"), and hereby agrees as follows:

Cross Click Media Inc. – Promissory Note and Security Agreement (July 1st, 2011)

For good and valuable consideration, Southern Products, Inc., a Nevada corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of CC Fund, LLC a Nevada Limited Liability Company, or its assigns ("Holder"), and hereby agrees as follows:

Modification and Extension Promissory Note and Security Agreement No. 2 (June 2nd, 2011)

THIS MODIFICATION AND EXTENSION PROMISSORY NOTE AND SECURITY AGREEMENT NO. 2 (together with that certain Modification and Extension Promissory Note and Security Agreement No. 1 of even date herewith in the principal amount of ONE HUNDRED FIFTY THOUSAND AND NO/100 DOLLARS ($150,000.00) (the Related Note)) is an amendment, restatement, renewal, modification and extension of that certain Consolidated, Amended and Restated Renewal Note and Security Agreement dated December 18, 2003, by and among National Loan Investors, L.P., The Wheatstone Energy Group, Inc. and WEGI Acquisition, LLC (the 2003 Consolidation Note).

Modification and Extension Promissory Note and Security Agreement No. 1 (June 2nd, 2011)

THIS MODIFICATION AND EXTENSION PROMISSORY NOTE AND SECURITY AGREEMENT NO. 1 (this Note) is dated as of the 9th day of March, 2011 (the Agreement Date), and made effective as of the 19th day of January, 2011 (the Effective Date), between and among NATIONAL LOAN INVESTORS, L.P., a Delaware Limited Partnership (Lender), having an address of 5619 North Classen Blvd., Oklahoma City, Oklahoma 73118, as assignee of Wachovia Bank, National Association (Wachovia); and SERVIDYNE SYSTEMS, LLC, a Georgia Limited Liability Company (the Borrower) having an address of 1945 The Exchange, Suite 325, Atlanta, Cobb County, Georgia 30339-2029.

Regenicin – Promissory Note and Security Agreement (April 7th, 2011)

For good and valuable consideration, Regenicin, Inc., a Nevada Corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of NPNC Management, LLC a Nevada Limited Liability Company, John Weber, Joseph Rubinfeld and Craig Eagle, or their assigns ("Holders"), and hereby agree as follows:

Skullcandy Inc. – Amendment to Convertible Promissory Note and Security Agreement (January 28th, 2011)

This AMENDMENT TO CONVERTIBLE PROMISSORY NOTE AND SECURITY AGREEMENT (this Amendment) is made and entered into as of December 16, 2008, by and among Skullcandy, Inc., a Delaware corporation (the Company), and Goode Skullcandy Holdings LLC, as Holder and as Agent. Capitalized terms used but not defined herein shall have the meaning given to such terms in the Note (as defined below).

Bluegate – Promissory Note and Security Agreement (May 26th, 2010)

This note possesses a revolving or draw feature. Debtor shall be entitled to borrow up to the full principal amount of the note from time to time during the term of the note. It is agreed by the Debtor that in accordance with this note, as of May 1, 2010, the Secured Party has advanced the aggregate amount of approximately $1,200,000.00. Principal and interest due hereunder shall be payable on demand. Interest payments are due through October 31, 2009. Interest payments for the period from November 1, 2009 through January 31, 2010 have been eliminated. Effective February 1, 2010 interest payments resumed at the rate of 15% per annum.

First Amendment to Promissory Note and Security Agreement (May 13th, 2010)

THIS FIRST AMENDMENT TO PROMISSORY NOTE AND SECURITY AGREEMENT ("Agreement"), is effective as of June 19, 2009 (this "Agreement"), between Opexa Therapeutics, Inc., a Texas corporation (the "Company"), and the Investors on the signature pages hereto, and their respective successors and assigns (the "Investors").

Contract (May 6th, 2010)

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"), OR UNDER THE SECURITIES LAWS OF ANY STATE AND MAY NOT BE SOLD, TRANSFERRED, ASSIGNED, PLEDGED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT COVERING THIS NOTE, OR THE MAKER RECEIVES AN OPINION OF COUNSEL SATISFACTORY TO THE MAKER THAT AN EXEMPTION FROM SUCH REGISTRATION IS AVAILABLE.

Promissory Note and Security Agreement (March 4th, 2010)

For good and valuable consideration, GO ALL IN, INC., a Nevada corporation, ("Maker"), hereby makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of KORE NUTRITION INCORPORATED a Nevada corporation ("Holder"), and hereby agree as follows:

Frederick County Bancorp, Inc. – Revolving Line of Credit Promissory Note and Security Agreement (Unsecured) (February 24th, 2010)

PROMISE TO PAY. For value received, Frederick County Bancorp, Inc. (Borrower), a Maryland corporation organized as the holding company of Frederick County Bank (the Bank), hereby agrees to pay to Atlantic Central Bankers Bank, a state banking institution chartered in the Commonwealth of Pennsylvania, (Lender) the sum of Four Million and No/100 Dollars ($4,000,000.00), or so much of the principal as may be outstanding, together with interest on the outstanding principal balance of each advance made by Lender under this Revolving Line of Credit Promissory Note and Security Agreement (Unsecured) (Note) at the rate set forth in this Note from the date of each advance by Lender under this Note until the principal balance of each advance under this Note is paid in full.

Kunekt Corporation – Promissory Note and Security Agreement (September 24th, 2009)

FOR VALUE RECEIVED, the undersigned, Kunekt Corporation (the "Debtor") promises to pay to the order of Mark Bruk or his assigns (the "Secured Party"), at such place as Secured Party may designate in writing, in lawful money of the United States of America and in immediately available funds, up to the full principal amount of $450,000 with interest at the rate of the Fed (U.S.) Prime Rate as set forth by the Wall Street Journal on its Web site at http://www.wsjprimerate.us/.

Integrated Freight Systems, Inc. – Amended Promissory Note and Security Agreement (July 27th, 2009)

FOR VALUE RECEIVED, Integrated Freight Systems, Inc., a Florida corporation, ("Maker") whose principal executive office is located at Suite 200, 6371 Business Boulevard, Sarasota, Florida 34240, promises to pay to _____ Smith ("Holder") the sum of One Hundred Twenty-five Thousand Dollars and No Cents ($125,000.00), together with simple interest at a rate of eight percent per annum. The principal amount hereof, together with accrued and unpaid interest shall be due and payable and it shall be paid in full not later than October 31, 2009 (Maturity Date), subject nevertheless to and extenson in accordance with Holders forebearance agreement for the benefit of Tangiers Investors L.P., at such address as to which written notice is given to Maker by Holder from time to time.

Integrated Freight Systems, Inc. – Amended Promissory Note and Security Agreement (July 27th, 2009)

FOR VALUE RECEIVED, Integrated Freight Systems, Inc., a Florida corporation, ("Maker") whose principal executive office is located at Suite 200, 6371 Business Boulevard, Sarasota, Florida 34240, promises to pay to T. Mark Morris ("Holder") the sum of Six Hundred Thousand Dollars and No Cents ($600,000.00), together with simple interest at a rate of eight percent per annum. Principal together with accrued and unpaid interest shall be payable and shall be paid not later than October 31, 2009 ("Maturity Date"), subject nevertheless to and extenson in accordance with Holder's forebearance agreement for the benefit of Tangiers Investors L.P., at such address as to which written notice is given to Maker by Holder from time to time.

VCG Holding Corporation – Contract (July 2nd, 2009)

THE SECURITIES REPRESENTED BY THIS SECURED PROMISSORY NOTE HAVE NOT BEEN REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE 1933 ACT), OR UNDER THE PROVISIONS OF ANY APPLICABLE STATE SECURITIES LAWS, BUT HAVE BEEN ACQUIRED BY THE REGISTERED HOLDER HEREOF FOR PURPOSES OF INVESTMENT AND IN RELIANCE ON STATUTORY EXEMPTIONS UNDER THE 1933 ACT, AND UNDER ANY APPLICABLE STATE SECURITIES LAWS. THESE SECURITIES MAY NOT BE SOLD, PLEDGED, TRANSFERRED OR ASSIGNED EXCEPT IN A TRANSACTION WHICH IS EXEMPT UNDER THE PROVISIONS OF THE 1933 ACT AND ANY APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT.

INTEGRATED FREIGHT Corp – Amended Promissory Note and Security Agreement (June 4th, 2009)

FOR VALUE RECEIVED, Integrated Freight Systems, Inc., a Florida corporation, ("Maker") whose principal executive office is located at Suite 200, 6371 Business Boulevard, Sarasota, Florida 34240, promises to pay to T. Mark Morris ("Holder") the sum of Six Hundred Thousand Dollars and No Cents ($600,000.00), together with simple interest at a rate of eight percent per annum. Principal together with accrued and unpaid interest shall be payable and shall be paid not later than October 31, 2009 ("Maturity Date"), subject nevertheless to and extenson in accordance with Holder's forebearance agreement for the benefit of Tangiers Investors L.P., at such address as to which written notice is given to Maker by Holder from time to time.

INTEGRATED FREIGHT Corp – Amended Promissory Note and Security Agreement (June 4th, 2009)

FOR VALUE RECEIVED, Integrated Freight Systems, Inc., a Florida corporation, ("Maker") whose principal executive office is located at Suite 200, 6371 Business Boulevard, Sarasota, Florida 34240, promises to pay to _____ Smith ("Holder") the sum of One Hundred Twenty-five Thousand Dollars and No Cents ($125,000.00), together with simple interest at a rate of eight percent per annum. The principal amount hereof, together with accrued and unpaid interest shall be due and payable and it shall be paid in full not later than October 31, 2009 (Maturity Date), subject nevertheless to and extenson in accordance with Holders forebearance agreement for the benefit of Tangiers Investors L.P., at such address as to which written notice is given to Maker by Holder from time to time.

Isolagen – Secured Promissory Note and Security Agreement (May 15th, 2009)

FOR VALUE RECEIVED, Isolagen, Inc. (ILE), a Delaware Corporation having its principal office at 405 Eagleview Boulevard, Exton, Pennsylvania 19341 (collectively, Payor), promises to pay to , having its principal office at (Noteholder or holder), (1) the principal sum of and no cents ($ .00) (the Principal Sum) on the earlier of (x) June 20, 2009 or (y) the date that the Company files for voluntary or involuntary bankruptcy (the Maturity Date) plus (2) interest on the unpaid balance of the Principal Sum from the date hereof until paid, at the rate of twenty percent (20%) per annum, computed on the basis of a 360-day year for the actual number of days elapsed, such interest to be payable at the time of any prepayment pursuant to Section 4 hereof and on the Maturity Date. This promissory note (this Note) shall mature, and the outstanding principal amount and all accrued and unpaid interest thereon shall be pa

Galaxy Gaming Inc – Convertible Promissory Note and Security Agreement (April 28th, 2009)

For good and valuable consideration, Secured Diversified Investment, Ltd., a Nevada Corporation, and Galaxy Gaming, Inc., a Nevada corporation, (collectively, "Maker"), hereby jointly and severally makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of The Kleemann Family 2004 Revocable Trust, or its assigns ("Holder"), and hereby agree as follows:

Galaxy Gaming Inc – Convertible Promissory Note and Security Agreement (April 28th, 2009)

For good and valuable consideration, Secured Diversified Investment, Ltd., a Nevada Corporation, and Galaxy Gaming, Inc., a Nevada corporation, (collectively, "Maker"), hereby jointly and severally makes and delivers this Promissory Note and Security Agreement (this "Note") in favor of Glen S. Davis, or his assigns ("Holder"), and hereby agree as follows: