Common Contracts
1 similar Promissory Note contracts
PROMISSORY NOTEPromissory Note • March 10th, 2023 • California
For value received, [Company Name], a [Delaware] corporation (the “Company”), promises to pay to [____________] (the “Holder”), the principal sum of __________________________ ($_________). Interest shall accrue from the date of this Promissory Note (this “Note”) on the unpaid principal amount at a rate equal to [4.5]% per annum, computed as simple interest on the basis of a year of 365 days. If a Change of Control (as such term is defined herein) is consummated, all interest on this Note shall be deemed to have stopped accruing as of a date selected by the Company that is up to 10 days prior to the signing of the definitive agreement for such Change of Control. This Note is subject to the following terms and conditions.
