Senior Secured Promissory Note and Security Agreement Sample Contracts

EX-10.1 2 d349665dex101.htm SENIOR SECURED PROMISSORY NOTE AND SECURITY AGREEMENT Senior Secured Promissory Note and Security Agreement Aggregate Principal Amount: US $8,000,000.00 April 24,2012
Senior Secured Promissory Note and Security Agreement • May 5th, 2020 • New York

IFMI, LLC, a Delaware limited liability company (the “Company” or “Maker”), having an address at 2929 Arch Street, 17th Floor, Philadelphia, PA 19104, for value received, hereby promises to pay to the order of PrinceRidge Holdings LP, a Delaware limited liability partnership (the “Payee”), the principal amount of Eight Million and 00/100 Dollars ($8,000,000.00), or so much thereof as shall have been advanced and shall remain unpaid, plus interest on the principal balance thereof from time to time outstanding until the date paid, at the rates set forth below. This Senior Secured Promissory Note (this “Note”) is made in connection with the exercise of an option to borrow pursuant to Section 5.05(b) of the Fourth Amended and Restated Limited Liability Company Agreement, dated as of May 31, 2011, of PrinceRidge Partners LLC, a Delaware limited liability company (“PrinceRidge LLC”) and Section 5.05(b) of the Fourth Amended and Restated Limited Partnership Agreement, dated as of May 31, 2011

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CONDUIT PHARMACEUTICALS INC. AMENDMENT TO SENIOR SECURED PROMISSORY NOTE AND SECURITY AGREEMENT
Senior Secured Promissory Note and Security Agreement • November 1st, 2024 • Conduit Pharmaceuticals Inc. • Pharmaceutical preparations

This Amendment to the Secured Promissory Note and Security Agreement (this “Amendment”), dated as of October 31, 2024 (the “Amendment Effective Date”), hereby amends each of (i) the Senior Secured Promissory Note (the “Note”) issued by Conduit Pharmaceutical Inc. (“Company”), and each subsidiary of the Company listed on the signature page hereto (together with the Company, the “Makers” and each a “Maker”) to Nirland Limited (the “Holder”) in the maximum aggregate principal amount of $2,650,000 dated as of August 6, 2024, and (ii) the Security Agreement (the “Security Agreement”), dated as of August 6, 2024, by the Company in favor of the Maker. Capitalized terms not otherwise defined herein have the meanings ascribed them in the Note.

AVENIR WELLNESS SOLUTIONS, INC. SENIOR SECURED PROMISSORY NOTE AND SECURITY AGREEMENT
Senior Secured Promissory Note and Security Agreement • January 12th, 2024 • Avenir Wellness Solutions, Inc. • Pharmaceutical preparations • California

FOR VALUE RECEIVED, AVENIR WELLNESS SOLUTIONS, INC., a Delaware corporation (the “Company”), promises to pay to the order of NANCY DUITCH (the “Holder”) the principal amount of $250,000 (the “Principal Amount”) consisting of: (i) the initial principal amount of $39,000 (the “Initial Principal Amount”); (ii) the future cash advances (the “Future Advances”); and (iii) the outstanding balances of the Holder’s personal credit cards on which the Company has exclusive use (i.e. currently American Express -4009 and Chase Visa -7056 or their replacements) (the “Authorized Credit Cards”) upon the terms and subject to the conditions set forth herein. This note is known as the Secured Promissory Note and Security Agreement (the “Note”). The Note is intended to provide financing to the Company and a senior secured interest in the Company’s property to the Holder as described below.

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