FORM OF PROMISSORY NOTEPromissory Note • April 30th, 2024 • AERWINS Technologies Inc. • Aircraft
FOR VALUE RECEIVED, AERWINS Technologies, Inc., a Delaware corporation (the “Company” or “Borrower”), hereby unconditionally promises to pay to the order of Kiran Sidhu (the “Lender”) at such location designated by Lender in writing, in lawful money of the United States of America the principal sum of $__________________ which amounts have been previously advanced to the Company, plus such additional amounts as may be advanced by Lender to Borrower from time to time in Lender’s sole and absolute discretion (collectively, the “Principal Amount”). All outstanding principal unpaid on this Promissory Note shall be payable within 30 days after demand by Lender (the “Maturity Date”).
