Common Contracts
1 similar Secured Convertible Promissory Note contracts
SE C UR ED C ON VER TI BLE PR O MISSO R Y NOT ESecured Convertible Promissory Note • May 8th, 2023 • Utah
This Note carries an OID of $36,108.00. In addition, Borrower agrees to pay $5,000.00 to Lender to cover Lender’s legal fees, accounting costs, due diligence, monitoring and other transaction costs incurred in connection with the purchase and sale of this Note (the “Transaction Expense Amount”), all of which amount is fully earned and included in the initial principal balance of this Note. The purchase price for this Note shall be $250,000.00 (the “Purchase Price”), computed as follows: $291,108.00 original principal balance, less the OID, less the Transaction Expense Amount. The Purchase Price shall be payable by Lender by wire transfer of immediately available funds.
