Revolving Convertible Promissory Note Sample Contracts

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Envision Solar International, Inc. – Revolving Convertible Promissory Note (September 22nd, 2017)

FOR VALUE RECEIVED, Envision Solar International, Inc., a Nevada corporation ("Borrower"), hereby promises to pay to the order of SFE VCF, LLC, a California limited liability company ("Lender") at P.O. Box 5005 PMB 134, Rancho Santa Fe, CA 92067, pursuant to the terms of this Revolving Convertible Promissory Note (the "Note"), the principal sum equal to the amount outstanding from time to time indicated on Schedule A of this Note reflecting advances made by the Lender from time to time to the Borrower under this Note until a date 300 days from the date of this Note first above written (the "Termination Date"), not to exceed a maximum outstanding principal amount of Three Million Dollars ($3,000,000), bearing simple interest on outstanding principal at the floating rate per annum equal to the 12 month USD LIBOR index rate quoted from time to time in New York, New York by the Bloomberg Service plus 600 basis points (the "Interest Rate"). The Interest Rate will be adjusted on the first da

Artec Global Media, Inc. – Senior Secured Revolving Convertible Promissory Note (May 17th, 2016)

FOR VALUE RECEIVED, ARTEC GLOBAL MEDIA, INC., a corporation incorporated under the laws of the State of Nevada, whose address is 249 South Highway 101, #324, Solana Beach, CA 92075 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Nine Hundred Thousand and No/100 United States Dollars (US$900,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain Senior Secured Revolving Credit Facility Agreement, dated as of May 31, 2015 and effective as of December 24, 2015, executed by and between the Borrower, as borrower, and the Lender, as lender (as amended, restated, supplemented

Aviana Corporation – Senior Secured Revolving Convertible Promissory Note (April 7th, 2016)

FOR VALUE RECEIVED, THE STAFFING GROUP LTD., a corporation incorporated under the laws of the State of Nevada, whose address is 3773 Howard Hughes Parkway, Suite 500S, Las Vegas, Nevada 89169 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) One Million Three Hundred Thousand and No/100 United States Dollars (US$1,300,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain Senior Secured Revolving Credit Facility Agreement, dated as of March 31, 2016 and effective as of April 5, 2016, executed by and among the Borrower, as borrower, an additional Credit Party, as guarantor

Pulse Beverage Corp – Amended and Restated Senior Secured Revolving Convertible Promissory Note (March 29th, 2016)

FOR VALUE RECEIVED, THE PULSE BEVERAGE CORPORATION, a corporation incorporated under the laws of the State of Nevada, whose address is 11680 N. Huron Street, Northglenn, CO 80234 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before November 6, 2016 or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) One Million Nine Hundred Thousand and No/100 United States Dollars (US$1,900,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain Senior Secured Revolving Credit Facility Agreement, dated as of July 31, 2015 and effective as of November 6, 2015, as amended by amendment no. 1 thereto, dated as of the Effective Date ("Amendment No. 1"), executed by and between the Borrower, as borr

Bitzio Inc – Senior Secured Revolving Convertible Promissory Note (January 26th, 2016)

FOR VALUE RECEIVED, BITZIO, INC., a corporation incorporated under the laws of the State of Nevada, whose address is 9625 Cozycroft Avenue, Suite A, Chatsworth, CA 91311 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the twelve (12) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Two Million Nine Hundred Thousand and No/100 United States Dollars (US$2,900,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain Senior Secured Revolving Credit Facility Agreement, dated as of November 30, 2015 and effective as of December [*], 2015, executed by and among the Borrower, as borrower, additional Credit Parties and the Lender, as lender

Pulse Beverage Corp – Senior Secured Revolving Convertible Promissory Note (November 10th, 2015)

FOR VALUE RECEIVED, THE PULSE BEVERAGE CORPORATION, a corporation incorporated under the laws of the State of Nevada, whose address is 11680 N. Huron Street, Northglenn, CO 80234 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the twelve (12) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Nine Hundred Thousand and No/100 United States Dollars (US$900,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain Senior Secured Revolving Credit Facility Agreement, dated as of July 31, 2015 and effective as of November 6, 2015, executed by and between the Borrower, as borrower, and the Lender, as lender (as amended, restated, supplemente

GelTech Solutions – Secured Revolving Convertible Promissory Note (May 8th, 2015)

FOR VALUE RECEIVED, GelTech Solutions, Inc., a Delaware corporation (the "Borrower"), promises to pay to the order of Michal L. Reger (the "Lender) which term shall also include any subsequent holder of this Note), the principal sum of Four Million and 00/100 Dollars ($4,000,000.00) (the "Committed Sum") or so much of that sum as may be advanced under this Note by the Lender pursuant to the Secured Revolving Convertible Promissory Note and Security Agreement, with interest until paid as set forth in this Note (the "Loan").

Trailblazer Resources Inc. – Amendment to Revolving Convertible Promissory Note (May 8th, 2015)

In consideration of such advances (hereinafter "Advance" or "Advances") as DIVERSIFIED EQUITIES PARTNERS, LLC, or its assigns (collectively, "Holder"), has made hereon to or for the benefit of TRAILBLAZER RESOURCES, INC., a Nevada corporation ("Maker"), pursuant to the Revolving Credit Commitment, as defined in the February 21, 2013 Promissory Note ("Note") between the Holder and the Maker, the Holder and the Maker agree to amend the Note as follows:

Encore Brands, Inc. – Amended and Restated Revolving Convertible Promissory Note (January 20th, 2015)

FOR VALUE RECEIVED, ENCORE BRANDS, INC., a corporation incorporated under the laws of the State of Nevada, whose address is 1525 Montana Avenue, Suite C, Santa Monica, California 90403 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) One Million Two Hundred Thousand and No/100 United States Dollars (US$1,200,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of August 31, 2013 and effective as of December 27, 2013, as amended by amendment no 1. Thereto, dated as of the Effective Date ("Amendment No. 1"),

Revolving Convertible Promissory Note (August 7th, 2014)

FOR VALUE RECEIVED, CD INTERNATIONAL ENTERPRISES, INC., a corporation incorporated under the laws of the State of Florida, whose address is 431 Fairway Drive, Suite 200, Deerfield Beach, Florida 33441 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 3960 Howard Hughes Parkway, Suite 500, Las Vegas, Nevada 89169, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Two Million and No/100 United States Dollars (US$2,000,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of May 31, 2014 and effective as of July 30, 2014, executed by and among the Borrower, as borrower, certain subsidiaries of the Borrower, as joint and sever

Revolving Convertible Promissory Note (January 8th, 2014)

FOR VALUE RECEIVED, ONCOLOGIX TECH, INC., a corporation incorporated under the laws of the State of Nevada, whose address is P.O. Box 8832, Grand Rapids, Michigan 49518 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Five Hundred Thousand and No/100 United States Dollars (US$500,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of November 30, 2013 and effective as of December [*], 2013, executed by and among the Borrower, as borrower, certain subsidiaries of the Borrower, as joint and several guarantors, and the Lender, a

Revolving Convertible Promissory Note (November 12th, 2013)

FOR VALUE RECEIVED, RICEBRAN TECHNOLOGIES, a corporation incorporated under the laws of the State of California, whose address is 6720 North Scottsdale Road, Suite 390, Scottsdale, AZ 85253 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Two Million Eight Hundred Thousand and No/100 United States Dollars (US$2,800,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of April 30, 2013, as amended by amendment no. 1 thereto dated as of July 18, 2013, and as further amended by amendment no. 2, dated as of the Effective Date ("Am

Green Innovations Ltd. – Revolving Convertible Promissory Note (October 31st, 2013)

FOR VALUE RECEIVED, GREEN INNOVATIONS LTD., a corporation incorporated under the laws of the State of Nevada, whose address is 316 Del Prado Blvd. South, Suite 204, Cape Coral, FL 33990 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) One Million Seven Hundred Fifty Thousand and No/100 United States Dollars (US$1,750,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of August 31, 2013 and effective as of October 24, 2013, executed by and among the Borrower, as borrower, Green Hygienics, Inc., as guarantor, and the Len

Hypertension Diag – Revolving Convertible Promissory Note (October 16th, 2013)

FOR VALUE RECEIVED, HYPERTENSION DIAGNOSTICS, INC., a corporation incorporated under the laws of the State of Minnesota, whose address is 10501 Wayzata Blvd South, Suite 102, Minnetonka, MN 55305 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Five Hundred Fifty Thousand and No/100 United States Dollars (US$550,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of August 31, 2013 and effective as of October 10, 2013, executed by and among the Borrower, as borrower, HDI Plastics, Inc., as guarantor, and the Lender, as lender

Revolving Convertible Promissory Note (August 14th, 2013)

FOR VALUE RECEIVED, RICEBRAN TECHNOLOGIES, a corporation incorporated under the laws of the State of California, whose address is 6720 North Scottsdale Road, Suite 390, Scottsdale, AZ 85253 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) Two Million Four Hundred Thousand and No/100 United States Dollars (US$2,400,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of April 30, 2013, as amended by amended no 1. thereto dated as of the Effective Date ("Amendment No. 1"), executed by and among the Borrower, as borrower, certain

Revolving Convertible Promissory Note (May 30th, 2013)

FOR VALUE RECEIVED, RICEBRAN TECHNOLOGIES, a corporation incorporated under the laws of the State of California, whose address is 6720 North Scottsdale Road, Suite 390, Scottsdale, AZ 85253 (the "Borrower"), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, "Lender"), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the "Revolving Loan Maturity Date"), the lesser of: (i) One Million Four Hundred Thousand and No/100 United States Dollars (US$1,400,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of April 30, 2013, executed by and among the Borrower, as borrower, certain subsidiaries of the Borrower, as joint and several guarantors, and the Lender, as lende

Comprehensive Care – REVOLVING CONVERTIBLE PROMISSORY NOTE (Corrected Execution Version) (May 21st, 2013)

FOR VALUE RECEIVED, COMPREHENSIVE CARE CORPORATION, a corporation incorporated under the laws of the State of Delaware, whose address is 3405 West Drive Martin Luther King, Suite 101, Tampa, Florida 33607 (the Borrower), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, Lender), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the Revolving Loan Maturity Date), the lesser of: (i) One Million and No/100 United States Dollars (US$1,000,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of March 31, 2013, executed by and among the Borrower, as borrower, certain subsidiaries of the Borrower, as joint and several guarantors, and the Lender, as lender (as amended

Comprehensive Care – Revolving Convertible Promissory Note (May 9th, 2013)

FOR VALUE RECEIVED, COMPREHENSIVE CARE CORPORATION, a corporation incorporated under the laws of the State of Delaware, whose address is 3405 West Drive Martin Luther King, Suite 101, Tampa, Florida 33607 (the Borrower), promises to pay to the order of TCA GLOBAL CREDIT MASTER FUND, LP (hereinafter, together with any holder hereof, Lender), whose address is 1404 Rodman Street, Hollywood, Florida 33020, on or before the six (6) month anniversary of the Effective Date or such later date as agreed upon after the date hereof in a signed writing by the Lender (the Revolving Loan Maturity Date), the lesser of: (i) One Million and No/100 United States Dollars (US$1,000,000); or (ii) the aggregate principal amount outstanding under and pursuant to that certain senior secured revolving credit facility agreement, dated as of March 31, 2013, executed by and among the Borrower, as borrower, certain subsidiaries of the Borrower, as joint and several guarantors, and the Lender, as lender (as amended

Trailblazer Resources Inc. – Revolving Convertible Promissory Note (February 27th, 2013)

the number of shares of Common Stock issuable upon conversion of this Note immediately prior thereto shall be adjusted so that Holder shall be entitled to receive after the happening of any of the events described above that number and kind of shares as Holder would have received had such Note been converted immediately prior to the happening of such event or any record date with respect thereto. Any adjustment made pursuant to this subdivision shall become effective immediately after the close of business on the record date in the case of a stock dividend and shall become effective immediately after the close of business on the record date in the case of a stock split, subdivision, combination or reclassification.

Secured Revolving Convertible Promissory Note (July 11th, 2007)

FOR VALUE RECEIVED, the undersigned, Providence Resources, Inc., a Texas corporation, with offices located at 2610-1066 West Hastings Street, Vancouver, British Columbia V6E 3X2 (the Maker), unconditionally promises to pay to the order of Miller Energy, LLC., a Texas limited liability company, with offices at 850 Kaliste Saloom Road, Suite 219, Lafayette, Louisiana 70508 (the Payee), the principal sum of ten million U.S. Dollars (U.S. $10,000,000), or so much thereof as may be advanced and outstanding from time to time pursuant to Section 4 of this Secured Revolving Convertible Promissory Note (this Note).