Common Contracts

2 similar Promissory Note contracts by Cellular Dynamics International, Inc.

PROMISSORY NOTE
Promissory Note • June 3rd, 2013 • Cellular Dynamics International, Inc. • Biological products, (no disgnostic substances) • Wisconsin

FOR VALID CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, and in consideration for the terms and conditions set forth in the Technology Venture Fund and Economic Diversification Program Agreement (“Agreement”) between the Wisconsin Department of Commerce (“Department”) and Cellular Dynamics International, Inc. (“Borrower”) also identified as Contract # TVF FY07-17050/GEDL FY07-17072, the Borrower promises to pay the Department the principal sum of Seven Hundred Fifty Thousand and 00/100 Dollars ($750,000.00), or so much thereof as may be advanced by the Department, together with interest, in accordance with the terms and conditions hereinafter set forth.

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PROMISSORY NOTE
Promissory Note • June 3rd, 2013 • Cellular Dynamics International, Inc. • Biological products, (no disgnostic substances) • Wisconsin

FOR VALID CONSIDERATION, the receipt and sufficiency of which are hereby acknowledged, and in consideration for the terms and conditions set forth in the Technology Venture Fund and Economic Diversification Program Agreement (the “Agreement”) between the Wisconsin Department of Commerce (the “Department”) and Cellular Dynamics International, Inc. (the “Borrower”), also identified as Contract #TVF FY05-11873/#GEDL FY05-11875, the Borrower promises to pay the Department the principal sum of One Million and 00/100 Dollars ($1,000,000.00), or so much thereof as may be advanced by the Department, together with interest, in accordance with the terms and conditions hereinafter set forth.

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