Common Contracts
2 similar Note contracts by Saleen Automotive, Inc.
10% CONVERTIBLE NOTE Maturity Date of April 15, 2015 $50,000 October 15, 2014 *the “Issuance Date”Note • February 19th, 2015 • Saleen Automotive, Inc. • Motor vehicles & passenger car bodies • Texas
FOR VALUE RECEIVED, Saleen Automotive Inc., a Nevada Corporation (the “Company”) doing business in Corona. CA hereby promises to pay to the order of JSJ Investments Inc., an accredited investor and Texas Corporation, or its assigns (the “Holder”) the principal amount of Fifty Thousand Dollars ($50,000), on demand of the Holder at any time on or after April 15, 2015 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of Ten Percent (10%) per annum (the “Interest Rate”) from the date hereof (the “Issuance Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise; provided, that any amount of principal or interest on this Note which is not paid when due shall bear interest at such rate on the unpaid principal balance hereof plus Default Interest from the due date thereof until the same is paid in full. Interest shall commence accruing on the issuance Date, shall be computed on the basis o
10% CONVERTIBLE NOTE Maturity Date of June 2,2015 $50,000 December 2,2014 *the “Issuance Date”Note • February 19th, 2015 • Saleen Automotive, Inc. • Motor vehicles & passenger car bodies • Texas
FOR VALUE RECEIVED, Saleen Automotive Inc., a Nevada Corporation (the “Company”) doing business in Corona, CA hereby promises to pay to the order of JSJ Investments Inc., an accredited investor and Texas Corporation, or its assigns (the “Holder”) the principal amount of Fifty Thousand Dollars ($50,000), on demand of the Holder at any time on or after June 2, 2015 (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of Ten Percent (10%) per annum (the “Interest Rate”) from the date hereof (the “Issuance Date”) until the same becomes due and payable, whether at maturity or upon acceleration or by prepayment or otherwise; provided, that any amount of principal or interest on this Note which is not paid when due shall bear interest at such rate on the unpaid principal balance hereof plus Default Interest from the due date thereof until the same is paid in full. Interest shall commence accruing on the Issuance Date, shall be computed on the basis of
