Common Contracts
1 similar Convertible Promissory Note contracts
CONVERTIBLE PROMISSORY NOTEConvertible Promissory Note • May 17th, 2018
Principal and Interest. For value received, the undersigned, __________________, a _____________________ (the “Company”), hereby promises to pay to the order of ___________________________________ (the “Lender”) the principal sum of $____________ plus interest on the principal amount hereof, at the annual rate of ____ percent (x%), and if such rate is determined to be usurious, then the rate shall be reduced to the highest legally permissible rate. [The term “Notes” shall refer to this Note along with all other convertible promissory notes issued by the Company in exchange for cash advances to the Company at any time from ________________ until _______________. The terms “Lenders” may be used herein to refer to the Lender along with all other lenders, if any, who advance or have advanced funds to the Company in exchange for Notes.]
