AMMO, INC. 8% UNSECURED CONVERTIBLE PROMISSORY NOTEAmmo, Inc. • November 13th, 2020 • Ordnance & accessories, (no vehicles/guided missiles) • Arizona
THIS 8.0% UNSECURED CONVERTIBLE NOTE (this “Note “) is issued, dated, and effective as of the Original Issue Date set forth above by Ammo, Inc., a Delaware corporation (the “Company”), having its principal place of business at 7681 E. Gray Road, Scottsdale, Arizona 85260, to [___________] (together with its successors and permitted assigns, the “Holder”), pursuant to exemptions from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Company promises to pay the aggregate unpaid Principal Amount under this Note set forth above (the “Principal Amount”) and any unpaid Interest to the Holder on the two (2) year anniversary of this Note (the “Maturity Date”), and to pay interest to the Holder on the aggregate then outstanding Principal Amount in accordance with the provisions of this Note.
