0001387131-13-001806 Sample Contracts

EMMAUS LIFE SCIENCES, INC. Promissory Note (Cash Interest) (On Demand)
Promissory Note • May 15th, 2013 • Emmaus Life Sciences, Inc. • Blank checks • California

FOR VALUE RECEIVED, Emmaus Life Sciences, Inc., a Delaware corporation, located at 20725 S. Western Ave., Suite 136, Torrance, CA 90501 (“Borrower”) agrees to pay to _____________________ (“Lender”), the sum of $________________ U.S. Dollars (“Principal Amount”), together with accrued interest thereon at the rate of eight percent (8%) per annum, under the following terms and conditions of this Promissory Note (“Note”).

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Promissory Note (Cash Interest) (2 Years)
Promissory Note • May 15th, 2013 • Emmaus Life Sciences, Inc. • Blank checks • California

FOR VALUE RECEIVED, Emmaus Life Sciences, Inc., a Delaware corporation, located at 20725 S. Western Ave., Suite 136, Torrance, CA 90501 (“Borrower”) agrees to pay to ________________ (“Lender”), the sum of $_____________________ U.S. Dollars (“Principal Amount”), together with accrued interest thereon at the rate of two percent (2%) per annum, under the following terms and conditions of this Promissory Note (“Note”).

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