Recourse Promissory Note Sample Contracts

Tyme Technologies, Inc. – Limited Recourse Promissory Note (March 11th, 2015)

THIS NOTE IS NOT INTENDED TO BE A NEGOTIABLE INSTRUMENT UNDER THE UNIFORM COMMERCIAL CODE, AND NEITHER THIS NOTE NOR THE COLLATERAL PLEDGED TO SECURE THIS NOTE MAY BE ASSIGNED, PLEDGED, TRANSFERRED OR HYPOTHECATED BY THE LENDER.

Proteinsimple – Limited Recourse Promissory Note (May 1st, 2014)

For Value Received, the undersigned hereby unconditionally promises to pay to the order of ProteinSimple, a Delaware corporation (the Company), at 3040 Oakmead Village Drive, Santa Clara, California 95051, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of Dollars ($ ) together with interest accrued from the date hereof on the unpaid principal at the rate of 1.0% per annum, compounded annually, as follows:

Proteinsimple – Limited Recourse Promissory Note (March 27th, 2014)

For Value Received, the undersigned hereby unconditionally promises to pay to the order of ProteinSimple, a Delaware corporation (the Company), at 3040 Oakmead Village Drive, Santa Clara, California 95051, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of Dollars ($ ) together with interest accrued from the date hereof on the unpaid principal at the rate of 1.0% per annum, compounded annually, as follows:

Akebia Therapeutics, Inc. AMENDED AND RESTATED PARTIAL RECOURSE PROMISSORY NOTE (February 14th, 2014)

FOR VALUE RECEIVED, Joseph Gardner (Borrower) promises to pay to Akebia Therapeutics, Inc., a Delaware corporation (Lender), or order, the principal sum of $16,804.50 with interest as set forth below, both principal and interest payable in lawful money of the United States of America, at such place as Lender may designate in writing.

Akebia Therapeutics, Inc. AMENDED AND RESTATED PARTIAL RECOURSE PROMISSORY NOTE (February 14th, 2014)

FOR VALUE RECEIVED, Joseph Gardner (Borrower) promises to pay to Akebia Therapeutics, Inc., a Delaware corporation (Lender), or order, the principal sum of $96,026.84 with interest as set forth below, both principal and interest payable in lawful money of the United States of America, at such place as Lender may designate in writing.

Akebia Therapeutics, Inc. AMENDED AND RESTATED PARTIAL RECOURSE PROMISSORY NOTE (February 14th, 2014)

FOR VALUE RECEIVED, Robert Shalwitz (Borrower) promises to pay to Akebia Therapeutics, Inc., a Delaware corporation (Lender), or order, the principal sum of $71,834,85 with interest as set forth below, both principal and interest payable in lawful money of the United States of America, at such place as Lender may designate in writing.

Akebia Therapeutics, Inc. AMENDED AND RESTATED PARTIAL RECOURSE PROMISSORY NOTE (February 14th, 2014)

FOR VALUE RECEIVED, Robert Shalwitz (Borrower) promises to pay to Akebia Therapeutics, Inc., a Delaware corporation (Lender), or order, the principal sum of $14,571.54 with interest as set forth below, both principal and interest payable in lawful money of the United States of America, at such place as Lender may designate in writing.

Secured Recourse Promissory Note and Pledge Agreement (November 12th, 2013)
Gateway Inds Inc – Tippt Llc Limited Recourse Promissory Note (June 8th, 2012)

FOR VALUE RECEIVED, on December 23, 2016 (the "Maturity Date"), TIPPT LLC, a Delaware limited liability company (the "Borrower"), with its offices at 116 West 23rd Street, New York, NY 10010, promises to pay to the order of FUNCTION(X) INC., a Delaware corporation (the "Lender") at its offices at 902 Broadway, 11th Floor, New York, New York 10010, or at such other place as the Lender may designate in writing, Five Hundred Thousand Dollars ($500,000.00) (the "Principal Amount"), plus accrued and unpaid interest thereon. This Limited Recourse Promissory Note (this "Note") is issued pursuant to that certain Stock Purchase Agreement, dated as of May 14, 2012, by and between the Borrower and the Lender, pursuant to which the Lender is selling to the Borrower 50,000,000 shares of Common Stock of TIPPT Media Inc. (the "Shares"). In the event that the Borrower is required, as a result of a regulatory requirement, to distribute any Shares to its members at a time when any amounts of principal

Prospect Global Resources Inc – Secured Partial Recourse Promissory Note (September 23rd, 2011)

This Note is executed and delivered in connection with the fee agreement dated the date hereof (the Fee Agreement) between Maker and Holder. The proceeds of this Note shall only be used to pay for the purchase shares of 200,000 shares of Holders common stock (the Purchased Stock) pursuant to the Fee Agreement.

Standard Metals Processing, Inc. – Limited Recourse Promissory Note (October 5th, 2009)

Notwithstanding the foregoing, if the Borrower has not been obligated to make a Production Revenue Payment by December 31, 2012, then beginning on April 1, 2013 and continuing on each Payment Date until the Borrower has become obligated to make a Production Revenue Payment, the Borrower shall make principal repayments hereunder in the amount of CDN $550,000. Upon the Borrower becoming obligated to make a Production Revenue Payment at anytime after April 1, 2013, the Borrower shall thereafter make Production Revenue Payments in accordance with the foregoing subsection 3(ii).

Vivakor Inc – Secured Nonrecourse Promissory Note (November 25th, 2008)
Wits Basin Precious Minerals Inc. – Limited Recourse Promissory Note (June 18th, 2008)

Notwithstanding the foregoing, if the Borrower has not been obligated to make a Production Revenue Payment by December 31, 2012, then beginning on April 1, 2013 and continuing on each Payment Date until the Borrower has become obligated to make a Production Revenue Payment, the Borrower shall make principal repayments hereunder in the amount of CDN $550,000. Upon the Borrower becoming obligated to make a Production Revenue Payment at anytime after April 1, 2013, the Borrower shall thereafter make Production Revenue Payments in accordance with the foregoing subsection 3(ii).

To Early Exercise Stock Purchase Agreement Recourse Promissory Note (November 9th, 2007)

FOR VALUE RECEIVED, the undersigned hereby unconditionally promises to pay to the order of CARDIONET, INC., a California corporation (the "Company"), at 1010 Second Avenue, San Diego, California 92101, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of ONE HUNDRED AND EIGHT-SEVEN THOUSAND FIVE HUNDRED AND NO/00 DOLLARS ($187,500.00) together with interest accrued from the date hereof on the unpaid principal at the rate of 4.00% per annum, or the maximum rate permissible by law (which under the laws of the State of California shall be deemed to be the laws relating to permissible rates of interest on commercial loans), whichever is less, as follows:

Recourse Promissory Note (Recourse Note) (May 8th, 2007)

FOR VALUE RECEIVED, the undersigned (the Shareholder) hereby promises to pay to the order of Deltek Systems, Inc., a Virginia corporation (the Company), on the Maturity Date (as hereinafter defined), the aggregate of (i) the principal sum of Two Hundred Forty-Nine Thousand Nine Hundred Ninety-Nine Dollars and Seventy-Two Cents ($249,999.72) in lawful money of the United States of America and (ii) interest at a rate of 4.93% per annum, compounded semi-annually (the Interest Rate) (computed on the basis of a 365-day year), on the unpaid principal amount hereof from and after the date hereof until the Maturity Date. The Maturity Date shall mean June 30, 2006.

Limited Recourse Promissory Note (March 6th, 2007)

Reference is made to the Asset Purchase Agreement, dated as of as of the date hereof (as amended, restated, supplemented or otherwise modified from time to time, the "APA"), between the Maker, Payee, Digital Systems Communications, Inc, and the shareholders thereof, which, among other things, further sets forth all of the parties obligations under this Note. Capitalized terms and phrases used in this Note without definition in this Note shall have the respective meanings set forth in the APA.

Amended and Restated Limited Recourse Promissory Note (October 17th, 2006)

THIS AMENDED AND RESTATED LIMITED RECOURSE PROMISSORY NOTE is made as of October 16, 2006 by SHERMEN WSC ACQUISITION CORP. (the Maker) in favor of SHERMEN CAPITAL PARTNERS, LLC (the Payee).

First Amendment to Nonrecourse Promissory Note (November 10th, 2005)

This First Amendment to Nonrecourse Promissory Note (this "Amendment") is entered into this the 8th day of November, 2005, between Home Solutions Restoration of Louisiana, Inc., a Louisiana corporation ("Maker"), and Florida Environmental Remediation Services, Inc., a Florida corporation ("Payee").

Market Leader Inc. – Full-Recourse Promissory Note (September 1st, 2004)

For value received, the undersigned promises to pay HouseValues, Inc., a Washington corporation (the Company), at its principal office the principal sum of $60,724.40, together with interest from the date hereof on the unpaid principal balance, upon the terms and conditions specified below.

Full Recourse Promissory Note (April 12th, 2004)

FOR VALUE RECEIVED, the undersigned, Jason Camp ("Grantee"), promises to pay to Restoration Hardware, Inc., a Delaware corporation (the "Company"), at 15 Koch Road, Suite J, Corte Madera, California 94925, or at such other place or to such other party as Company may from time to time designate, the principal sum of Two Hundred Thousand Dollars ($200,000.00), plus interest from the date hereof as computed below.

Full-Recourse Promissory Note (March 22nd, 2004)

FOR VALUE RECEIVED, the undersigned Borrower promises to pay to Leap Corporation, a Delaware corporation (the Company) at its principal executive offices the principal sum of Fifty Five Thousand Eight Hundred dollars ($55,800.00), together with interest from the date of this Note on the unpaid principal balance, upon the terms and conditions specified below.

Secured Full Recourse Promissory Note Emeryville, California (March 3rd, 2004)

Reference is made to that certain Immediately Exercisable Stock Option Exercise Agreement (the "Purchase Agreement") of even date herewith, by and between the undersigned (the "Purchaser") and ALIBRIS, a California corporation (the "Company"), issued to Purchaser under the Company's 2000 Equity Incentive Plan (the "Plan"). This Secured Full Recourse Promissory Note (the "Note") is being tendered by Purchaser to the Company as all or part of the total purchase price of the Shares (as defined below) pursuant to the Purchase Agreement.

Anesiva – Recourse Promissory Note (December 4th, 2003)

FOR VALUE RECEIVED, the undersigned hereby unconditionally promises to pay to the order of Corgentech Inc., a Delaware corporation (the "Company"), at 1651 Page Mill Road, Palo Alto, CA 94304, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of $11,100.00 together with interest accrued from the date hereof on the unpaid principal at the rate of 7.75% per annum, or the maximum rate permissible by law (which under the laws of the State of California shall be deemed to be the laws relating to permissible rates of interest on commercial loans), whichever is less, as follows:

Anesiva – Recourse Promissory Note (December 4th, 2003)

FOR VALUE RECEIVED, the undersigned hereby unconditionally promises to pay to the order of Corgentech Inc., a Delaware corporation (the "Company"), at 1651 Page Mill Road, Palo Alto, CA 94304, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of $39,600.00 together with interest accrued from the date hereof on the unpaid principal at the rate of 10.0% per annum, or the maximum rate permissible by law (which under the laws of the State of California shall be deemed to be the laws relating to permissible rates of interest on commercial loans), whichever is less, as follows:

Anesiva – Recourse Promissory Note (December 4th, 2003)

FOR VALUE RECEIVED, the undersigned hereby unconditionally promises to pay to the order of CORGENTECH INC., a Delaware corporation (the "Company"), at 1651 Page Mill Road, Palo Alto, CA 94304-1209, or at such other place as the holder hereof may designate in writing, in lawful money of the United States of America and in immediately available funds, the principal sum of seventy-five thousand dollars ($75,000.00) together with interest accrued from the date hereof on the unpaid principal at the rate of [7.75]% (Prime rate + 1%) per annum, or the maximum rate permissible by law (which under the laws of the State of California shall be deemed to be the laws relating to permissible rates of interest on commercial loans), whichever is less, as follows:

Full Recourse Promissory Note Dallas, Texas (October 30th, 2003)

Reference is made to that certain Subscription Agreement dated of even date herewith (the "Subscription Agreement"), by and between the undersigned ("Subscriber") and Crosstex Energy Holdings Inc., a Delaware corporation (the "Company"). This Full Recourse Promissory Note (the "Note") is being tendered by Subscriber to the Company as part of the total purchase price of the Shares (as defined below) pursuant to the Subscription Agreement.

Pumatech, Inc. Exhibit a to Exercise Notice Full Recourse Promissory Note (October 17th, 2002)

FOR VALUE RECEIVED, WOODSON M. HOBBS, an individual (Borrower), hereby promises to pay to the order of PUMATECH, INC., a Delaware corporation (Company) the principal sum of $ 309,750 , plus interest which is compounded in accordance herewith, on the date (the Maturity Date) which is the sixth anniversary of the date of this Note; and to pay interest in arrears on said sum, or such lesser amount as shall from time to time be outstanding hereunder upon prepayment (to the extent thereof) and on the Maturity Date, at an annual rate of interest (based on a year of 365 days and actual days elapsed) equal to four and three quarters percent (4.75%) (the Rate).

FULL RECOURSE PROMISSORY NOTE Redwood City, California (August 14th, 2002)

This Full Recourse Promissory Note (the Note) is hereby tendered by Warren Jenson, an individual (Promissor) to Electronic Arts Inc., a Delaware corporation (the Company) as provided in that Letter Agreement dated June 21, 2002 between Promissor and the Company (the Letter Agreement).

FULL RECOURSE PROMISSORY NOTE Redwood City, California (August 14th, 2002)

This Full Recourse Promissory Note (the Note) is hereby tendered by Warren Jenson, an individual (Promissor) to Electronic Arts Inc., a Delaware corporation (the Company) as provided in that Letter Agreement dated June 21, 2002 between Promissor and the Company (the Letter Agreement).

Recourse Promissory Note (July 30th, 2002)
Allegiance Telecom Inc – Full Recourse Promissory Note (April 1st, 2002)

This Full Recourse Promissory Note (this "Note") shall be due and payable on April 4, 2004, or earlier as provided herein. The Secured Promissory Note dated April 4, 2001 (the "April 4 Note") is hereby cancelled as of the date hereof and replaced by this Note. The Previously Accrued Interest reflects the interest payable (a) on the principal amount of $3,000,000 in accordance with the April 4 Note from the date of issuance through September 25, 2001 and (b) on the principal amount of $4,200,000 from September 26, 2001 through October 31, 2001.

New Plan Excel Realty Trust – Recourse Promissory Note (March 9th, 2000)