Common Contracts
2 similar Promissory Note contracts by Kronos Advanced Technologies Inc
PROMISSORY NOTE (EQUIPMENT LOAN)Promissory Note • January 11th, 2023 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
FOR VALUE RECEIVED, the undersigned KRONOS ADVANCED TECHNOLOGIES, INC., a Nevada corporation (“KAT”) and KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (KATWV and together with KAT, the “Borrowers”), hereby promise to pay to the order of WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, the sum of Seven Hundred Sixty Five Thousand and 00/100 Dollars ($765,000.00) over a term of one hundred twenty (120) months, with interest from the date hereof at the rate of two and seventy five one hundredths percent (2.75%) per annum on the unpaid principal, in lawful money of the United States, at office of the WVEDA, NorthGate Business Park, 180 Association Drive, Charleston West Virginia, 25311-1217, or at such other location as may be subsequently designated by holder hereof, as follows:
PROMISSORY NOTE (EQUIPMENT LOAN)Promissory Note • April 25th, 2022 • Kronos Advanced Technologies Inc • Industrial & commercial fans & blowers & air purifing equip
FOR VALUE RECEIVED, the undersigned KRONOS ADVANCED TECHNOLOGIES, INC., a Nevada corporation (“KAT”) and KRONOS ADVANCED TECHNOLOGIES WV, INC., a West Virginia corporation (KATWV and together with KAT, the “Borrowers”), hereby promise to pay to the order of WEST VIRGINIA ECONOMIC DEVELOPMENT AUTHORITY, the sum of Seven Hundred Sixty Five Thousand and 00/100 Dollars ($765,000.00) over a term of one hundred twenty (120) months, with interest from the date hereof at the rate of two and seventy five one hundredths percent (2.75%) per annum on the unpaid principal, in lawful money of the United States, at office of the WVEDA, NorthGate Business Park, 180 Association Drive, Charleston West Virginia, 25311-1217, or at such other location as may be subsequently designated by holder hereof, as follows:
