EX-4.2
from 8-K
2 pages
Interest on the Unpaid Principal Amount of This Note Shall Commence to Accrue as of January 1, 2025, at the Rate of Ten Percent (10%) Per Month, and Shall Be Payable in Cash, on the Last Day of Each Calendar Month During Which This Note Remains Outstanding, Commencing January 31, 2025 (Each an “Interest Payment Date”). Interest Shall Continue to Accrue From and After January 1, 2025, on the Unpaid Principal Amount of This Note Until the Principal and Accrued Interest Hereon Has Been Paid in Full. This Note May Be Prepaid in Whole or in Part at Any Time. if the Company Pays Two Hundred Fifty Thousand Dollars ($250,000) to Holder Prior to December 31, 2024, This Note Shall Be Deemed Satisfied in Full and No Further Amount Shall Be Due Holder. All Amounts Payable Hereunder Shall Be Paid by Wire Transfer to Such Account as Holder Shall Direct From Time to Time or by Certified Check of the Company Delivered as Holder Shall Direct. 1. Events of Default. (A) the Occurrence of Any of the Following Events Shall Constitute a Default (“Event of Default”)
12/34/56