Senior Secured Contingent Note Instrument Sample Contracts
SENIOR SECURED CONTINGENT NOTE INSTRUMENTSenior Secured Contingent Note Instrument • April 15th, 2025 • SUNation Energy, Inc. • Telephone & telegraph apparatus • New York
FOR VALUE RECEIVED, subject to the satisfaction of the Conditions and solely contingent on such satisfaction, SUNation Energy, Inc. (f/k/a Pineapple Energy Inc.), a Delaware corporation (“Maker”), hereby promises to pay to the order of Scott Maskin, a resident of the State of New York (“Maskin”), and James Brennan, a resident of the State of Florida (“Brennan” and, together with Maskin, the “Holders”), at such place as Holders may, from time to time, specify in writing, the Relevant Note Amount (as hereinafter defined) in the aggregate, payable to each Holder pursuant to their Pro Rata Share as set forth on Exhibit A hereto, as provided under the terms of this contingent note instrument (this “Note”).