Sample Promissory Note
Sample Note
THIS PROMISSORY NOTE (the "Note") is entered into this day by and between the undersigned ("Borrower") and Elemental Analysis Inc. ("Lender").
The Lender, with its principal office at 668 Catalyst Court, Chicago, IL 60616, USA, is the owner of this Promissory Note and can be contacted through the number 222 555 7777 and the email ElementalAnalysisInc@gmail.com. This note has been prepared by Steven B. Edwards and any further correspondences may be directed to the company email, StevenBEdwards@jourrapide.com.
FOR VALUE RECEIVED
The Borrower promises to pay to the Lender the principal sum of [$] with interest accruing at a yearly rate of [%].
TERMS OF REPAYMENT:
1. The Borrower shall repay the principal sum and interest as set forth in a payment schedule, attached hereto as Exhibit A.
2. If not sooner pre-paid, the entire remaining indebtedness (including interest) shall be due and payable on Demand.
DEFAULT:
If an Event of Default occurs, the Lender may, at its sole discretion, declare the outstanding Principal and accrued Interest immediately due and payable.
MISCELLANEOUS:
This Promissory Note may not be changed orally, but only by an agreement in writing.
IN WITNESS WHEREOF, the Borrower has executed this Promissory Note as of the date first written above.
SIGNED, SEALED, AND DELIVERED
____________________
Borrower
This agreement certified by:
____________________
Steven B. Edwards
