Demand Note Sample Contracts

NON-NEGOTIABLE DEMAND NOTE
Demand Note • January 30th, 2007 • Commonwealth Income & Growth Fund VI • Services-miscellaneous equipment rental & leasing • Delaware

FOR VALUE RECEIVED, COMMONWEALTH George S. Springsteen and Kimberly A. MacDougall, having a business address of 1160 West Swedesford Road, Suite 340, Berwyn, PA 19312 (herein referred to as "Makers"), promise to pay Commonwealth of Delaware, Inc., a Delaware corporation having a business address of 1160 West Swedesford Road, Suite 340, Berwyn, PA 19341 (hereinafter referred to as "Payee"), on demand, the principal sum of One Million Dollars ($1,000,000) lawful money of the United States of America.

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DEMAND NOTE (The One Group)
Demand Note • October 16th, 2013 • COMMITTED CAPITAL ACQUISITION Corp • Blank checks • New York

FOR VALUE RECEIVED, THE ONE GROUP, LLC, a Delaware limited liability company, having an address at 411 West 14th Street, Suite 200, New York, New York 10014 (hereinafter referred to as “Maker”), promises to pay to the order of RCI II, LTD, a Jersey Island limited liability company (hereinafter referred to as “Payee”), at 411 West 14th Street, Suite 200, New York, New York 10014 or at such other place as the holder hereof may from time to time designate in writing, the principal sum of ONE MILLION FIVE HUNDRED THOUSAND AND 00/100 DOLLARS ($1,500,000.00), in lawful money of the United States of America, at the place and in the manner hereinafter provided, with interest thereon to be computed from the date of the first Disbursement (as hereinafter defined) on the outstanding principal balance of this Note from time to time (hereinafter referred to as the “Principal Balance”) at the rate of twelve percent (12.00%) per annum and to be paid on DEMAND. Interest shall be computed and shall acc

FORM OF DEMAND NOTE
Demand Note • November 16th, 2001 • Storage Computer Corp • Computer peripheral equipment, nec
DEMAND NOTE
Demand Note • May 13th, 2004 • Military Resale Group Inc • Wholesale-groceries, general line

FOR VALUE RECEIVED, MILITARY RESALE GROUP, INC., the undersigned maker (the "Borrower"), hereby unconditionally promises to pay to the order of Edward T. Whelan ("Lender"), at such place as Lender may specify from time to time, upon the earlier of ON DEMAND or June 30, 2003, in lawful money of the United States of America and in immediately available funds, the principal sum of Ten Thousand Dollars ($10,000.00) together with interest thereon at the rate of EIGHT PERCENT (8%) per annum.

DEMAND NOTE
Demand Note • June 26th, 2008 • Granahan McCourt Acquisition CORP • Radio & tv broadcasting & communications equipment

FOR VALUE RECEIVED, the undersigned, Granahan McCourt Acquisition Corporation, a Delaware corporation (the “Borrower”), hereby unconditionally promises to pay, as provided below, to David C. McCourt (the “Lender”), the principal sum of six hundred thousand U.S. dollars ($600,000), by wire transfer of immediately available funds. No interest shall accrue on the unpaid principal balance of this Demand Note. Capitalized terms used and not defined herein shall have the meanings set forth in Borrower’s fourth amended and restated certificate of incorporation.

U.S. $ 508,904.67 Due: On Demand
Demand Note • January 19th, 2001 • Condor Capital Inc • Blank checks
Demand Note -----------
Demand Note • August 3rd, 2000 • Bixby Joseph R • Life insurance

FOR VALUE RECEIVED, the undersigned, Nancy Bixby Hudson, Richard L. Finn, and C. John Malacarne, as trustees of the GST Trust for Nancy Bixby Hudson created by agreement dated December 18, 1997 (collectively, "Maker"), hereby promise to pay to the order of Joseph R. Bixby, as trustee of the Joseph R. Bixby Revocable Trust created by agreement dated December 18, 1997 ("Payee"), the principal sum of $11,033,333.33 on demand by Payee or, if demand is not sooner made by Payee, on or before December 31, 2019, together with interest on the unpaid balance thereof from the date hereof until maturity at the rate herein provided.

DEMAND NOTE (eMAKE CORPORATION)
Demand Note • November 14th, 2000 • Usdata Corp • Services-prepackaged software
DEMAND NOTE
Demand Note • February 14th, 2003 • Tangram Enterprise Solutions Inc • Services-prepackaged software • Delaware

FOR VALUE RECEIVED, Tangram Enterprise Solutions, Inc., a Pennsylvania corporation (the “Borrower”), having an office at 11000 Regency Parkway, Suite 301, Cary, North Carolina 27511-8504, hereby promises to pay to the order of Safeguard Delaware, Inc. (the “Lender”), at the Lender’s address located at c/o Safeguard Scientifics, Inc., 800 The Safeguard Building, 435 Devon Park Drive, Wayne, PA 19087 or at such other place in the continental United States as the Lender may designate in writing, in lawful money of the United States, and in immediately available funds, the principal sum of Six Hundred Fifty Thousand Dollars ($650,000), together with interest accruing on the outstanding principal balance from the date hereof, as provided below:

ALLONGE TO DEMAND NOTE
Demand Note • December 14th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

Allonge to that certain Demand Note in the principal amount of $25,000.00, dated January 25, 2013, as amended pursuant to that Amendment to Demand Note dated March 1, 2016 (the “Amendment”) attached hereto as Exhibit 1 and made a part hereof, from Interactive Motion Technologies, Inc. (now known as Bionik, Inc.), as Maker, to the order of Neville Hogan, as Holder (“Allonge”).

DEMAND NOTE On demand, U.S. Wireless Data, Inc. ("Borrower), for value received, jointly and severally promises to pay to the order of ____________________ ("Holder") the sum of _______________________ ($___________) together with interest thereon...
Demand Note • February 25th, 1998 • U S Wireless Data Inc • Calculating & accounting machines (no electronic computers) • Colorado

On demand, U.S. Wireless Data, Inc. ("Borrower), for value received, jointly and severally promises to pay to the order of ____________________ ("Holder") the sum of _______________________ ($___________) together with interest thereon from the date hereof until paid at the rate of 10% per annum.

DEMAND NOTE
Demand Note • June 15th, 1999 • Riggio Leonard • Retail-record & prerecorded tape stores
DEMAND NOTE $ 176,592.50 September 19, 1997
Demand Note • November 12th, 1997 • Sanchez Computer Associates Inc • Services-computer integrated systems design
Edible Garden AG Incorporated Form of Demand Note
Demand Note • November 1st, 2021 • Edible Garden AG Inc • Agricultural production-crops

For value received, the undersigned Edible Garden AG Incorporated, (the “Borrower”), promises to pay to the order of [__], its successors or assigns (the “Lender”), [__] ($[__]) (the “Face Amount”).

NON-NEGOTIABLE DEMAND NOTE
Demand Note • February 26th, 2009 • Commonwealth Income & Growth Fund VII, LP • Services-miscellaneous equipment rental & leasing • Delaware

FOR VALUE RECEIVED, COMMONWEALTH George S. Springsteen and Kimberly A. MacDougall, having a business address of 1160 West Swedesford Road, Suite 340, Berwyn, PA 19312 (herein referred to as “Makers”), promise to pay Commonwealth of Delaware, Inc., a Delaware corporation having a business address of 1160 West Swedesford Road, Suite 340, Berwyn, PA 19341 (hereinafter referred to as “Payee”), on demand, the principal sum of One Million Dollars ($1,000,000) lawful money of the United States of America.

Second Allonge to Demand Note
Demand Note • August 27th, 2009 • Lighting Science Group Corp • Electric lighting & wiring equipment

This Second Allonge to Demand Note is attached to and made a part of that certain Demand Note (“Note") executed by Lighting Science Group Corporation (the “Borrower"), dated July 25, 2008, payable to the order of Bank of Montreal (the “Bank”), in the original principal amount of Twenty Million and No/100 Dollars ($20,000,000.00).

AMENDED AND RESTATED NOTE BETWEEN BRANDYWINE INVESTMENT ASSOCIATES, L.P. AND ST. CHARLES ASSOCIATES, LIMITED PARTNERSHIP
Demand Note • March 31st, 2004 • Interstate General Co L P • Land subdividers & developers (no cemeteries) • Maryland

THIS AMENDMENT TO NOTE, executed as of this 8th day of March, 2004, but made effective as of the 22nd of December, 2003 (the "Effective Date"), by and between Brandywine Investment Associates, L.P., a limited partnership organized and existing under the laws of the State of Maryland (the "Borrower"), and St. Charles Associates, Limited Partnership, a limited partnership organized and existing under the laws of the State of Maryland (the "Company"), hereby modifies in its entirety the original Demand Note dated September 10, 1997, as amended August 1, 2001, and as amended and restated July 1, 2002 between the aforementioned parties (the "Note").

DEMAND NOTE
Demand Note • October 13th, 2005 • Chapeau Inc • Retail-apparel & accessory stores

FOR VALUE RECEIVED, the undersigned, Chapeau, Inc. (d/b/a BluePoint Energy, Inc.), a corporation organized under the laws of Utah (“Borrower”) hereby unconditionally promises to pay to the order of John P. Calamos, Sr., (“Lender”), ON DEMAND, to such place as the holder of this Note may from time to time designate in writing, in lawful money of the United States of America, the principal sum of Two Hundred Thousand Dollars ($200,000.00), or if less, the aggregate unpaid principal amount of all loans made by Lender to Borrower hereunder, together with all accrued interest on the unpaid principal balance hereof as provided below.

DEMAND NOTE
Demand Note • July 29th, 2019 • CurAegis Technologies, Inc. • Motor vehicle parts & accessories • New York

BORROWER: CurAegis Technologies, Inc., a New York corporation with an office at 1999 Mt. Read Boulevard, Building 3, Rochester, New York 14615 and _________________________, an individual with an address of _________________________.

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DEMAND NOTE
Demand Note • March 31st, 2000 • Onepoint Communications Corp /De • Telephone communications (no radiotelephone)

This Note has been executed by COMPLUS, L.P., a Delaware Limited Partnership with its principal office located at 100 Newport Avenue Extension, Quincy, MA 02171 ("Borrower").

DEMAND NOTE FOR VALUE RECEIVED, the undersigned, Ryan Mullaney, promises to pay to the order of USN Communications, Inc. (the "Holder"), on demand, ____________________________________ and No/100 Dollars ($________). Interest on the unpaid principal...
Demand Note • March 31st, 1998 • Usn Communications Inc • Telephone communications (no radiotelephone)

FOR VALUE RECEIVED, the undersigned, Ryan Mullaney, promises to pay to the order of USN Communications, Inc. (the "Holder"), on demand, ____________________________________ and No/100 Dollars ($________). Interest on the unpaid principal balance hereof shall be computed from the date hereof, on a 365-day year basis, for the actual number of days elapsed, at a per annum rate equal to the Prime Rate, and shall be due and payable on demand. "Prime Rate" shall mean the prime rate as reported from time to time in the Wall Street Journal.

DEMAND NOTE
Demand Note • March 31st, 1999 • Brunswick Technologies Inc • Broadwoven fabric mills, man made fiber & silk
DEMAND NOTE
Demand Note • June 29th, 2017 • Bionik Laboratories Corp. • Orthopedic, prosthetic & surgical appliances & supplies

AND: Interactive Motion Technologies Inc. (the “borrower”), a corporation organized and existing under the laws of the state of Massachusetts, with its head office located at: 80 Coolidge Hill Road, Watertown, MA 02472

Manufacturers and Traders Trust Company
Demand Note • February 11th, 2005 • Blue Ridge Real Estate Co • Services-miscellaneous amusement & recreation

BORROWER: BLUE RIDGE REAL ESTATE COMPANY, a Pennsylvania corporation; BBC HOLDINGS, INC., a Delaware corporation; BRRE HOLDINGS, INC., a Delaware corporation; BIG BOULDER CORPORATION, a Pennsylvania corporation; NORTHEAST LAND CO., a Pennsylvania corporation; LAKE MOUNTAIN COMPANY, a Pennsylvania corporation, JACK FROST MOUNTAIN COMPANY, a Pennsylvania corporation, BOULDER CREEK RESORT COMPANY, a Pennsylvania corporation, OXBRIDGE SQUARE SHOPPING CENTER, LLC, a Virginia limited liability company, COURSEY COMMONS SHOPPING CENTER, LLC; a Louisiana limited liability company, COURSEY CREEK, LLC, a Louisiana limited liability company and COBBLE CREEK, LLC, a Louisiana limited liability company, jointly and severally, each having an Address of residence/chief executive office: Route 940 and Moseywood Road, P.O. Box 707, Blakeslee, Pennsylvania 18610-0707.

DEMAND GRID NOTE
Demand Note • November 10th, 2011 • Mechanical Technology Inc • Measuring & controlling devices, nec • New York

FOR VALUE RECEIVED, and intending to be legally bound, MTI Instruments, Inc. (“Borrower”), a corporation organized under the laws of the State of New York, with its principal place of business at 325 Washington Avenue Extension, Albany, New York 12205 promises to pay to FIRST NIAGARA BANK, N.A., a national banking association with a banking office at 6950 South Transit Road, P.O. Box 28, Lockport, New York 14095-0028 (“Lender”) or order, ON DEMAND, at its office set forth above, the lesser of Four Hundred Thousand and 00/100 Dollars ($400,000.00) or the aggregate unpaid principal amount of all advances made by Lender to Borrower from time to time, as may be evidenced by the inscriptions made on this Note, or as may be entered in a loan account on Lender’s books and records, or both, together with interest thereon until paid in full.

Allonge to Demand Note
Demand Note • August 6th, 2009 • Lighting Science Group Corp • Electric lighting & wiring equipment

This Allonge to Demand Note is attached to and made a part of that certain Demand Note (“Note”) executed by Lighting Science Group Corporation (the “Borrower”), dated July 25, 2008, payable to the order of Bank of Montreal (the “Bank”), in the original principal amount of Twenty Million and No/100 Dollars ($20,000,000.00).

DEMAND NOTE
Demand Note • September 4th, 2008 • Granahan McCourt Acquisition CORP • Radio & tv broadcasting & communications equipment

FOR VALUE RECEIVED, the undersigned, Granahan McCourt Acquisition Corporation, a Delaware corporation (the “Borrower”), hereby unconditionally promises to pay, as provided below, to David C. McCourt (the “Lender”), the principal sum of Nine-Hundred Thousand Dollars ($900,000), by wire transfer of immediately available funds. No interest shall accrue on the unpaid principal balance of this Demand Note. Capitalized terms used and not defined herein shall have the meanings set forth in Borrower’s fourth amended and restated certificate of incorporation.

DEMAND NOTE
Demand Note • February 5th, 2008 • Hibbett Sports Inc • Retail-miscellaneous shopping goods stores

FOR VALUE RECEIVED, the undersigned, HIBBETT SPORTS, INC., a Delaware corporation (“Borrower”), hereby promises to pay to the order of BANK OF AMERICA, N.A. (“Lender”), at its office set forth on the signature page (or at such other place as Lender may designate from time to time), in lawful money of the United States of America and in immediately available funds, the principal amount of $50,000,000.00 or such lesser amount as shall equal the aggregate unpaid principal amount of advances (each a “Loan” and collectively the “Loans”) made by Lender to Borrower under this Demand Note (this “Note”), and to pay interest on the unpaid principal amount of the Loans at the rate per annum and on the dates specified below. Borrower acknowledges and agrees that Lender has not committed to extend credit to Borrower and each Loan shall be made at the sole discretion of Lender.

DEMAND NOTE PRECISION OPTICS CORPORATION, INC. July 13, 2011
Demand Note • September 28th, 2011 • Precision Optics Corporation Inc • Electromedical & electrotherapeutic apparatus

AND: Precision Optics Corporation, Inc., a Massachusetts corporation (the “Company”), having its principal place of business at 22 East Broadway, Gardner, MA 01440.

DEMAND NOTE Maker: Payee: The JPM Company of Delaware, Inc. Fritz Junginger $1,000,000.00 November 12, 1998 FOR VALUE RECEIVED, and intending to be legally bound hereby, the undersigned, their successors and assigns ("Maker"), promises to pay to the...
Demand Note • December 22nd, 1998 • JPM Co • Electronic components, nec

This Agreement shall be governed by and construed in accordance with the internal laws of the Commonwealth of Pennsylvania disregarding rules regarding conflict of laws.

DEMAND NOTE
Demand Note • August 24th, 2005 • Avicena Group, Inc. • Medicinal chemicals & botanical products

FOR VALUE RECEIVED, the undersigned, The Avicena Group, Inc., having an address 228 Hamilton Avenue, 3rd Floor, Palo Alto, CA 94301 (the “Borrower”), hereby promises to pay on demand to the order of 401 Capital Partners Inc., having an address of 482 Elizabeth St., Suite 200 Burlington, Ontario L7R 2M2, Canada (the “Lender”) the principal sum of One Hundred Fifty Thousand Dollars ($150,000) (All monetary amounts herein are expressed in U.S. Dollars). Interest on the outstanding principal amount shall accrue at the rate of six percent (6%) per annum, payable on the last business day of March, June, September and December for so long as this Note shall remain outstanding.

Contract
Demand Note • November 14th, 2014 • Remark Media, Inc. • Communications services, nec • New York

THIS NOTE HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), AND MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED, HYPOTHECATED OR OTHERWISE TRANSFERRED EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE ACT OR AN OPINION OF COUNSEL SATISFACTORY TO BORROWER THAT REGISTRATION IS NOT REQUIRED UNDER THE ACT OR UNLESS SOLD PURSUANT TO RULE 144 UNDER THE ACT.

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