e.Digital Corporation 24% Unsecured Promissory Note Agreement
e.Digital Corporation agrees to repay a specified sum plus interest to the Payee in exchange for an unsecured loan used to finance purchase orders and invoices. The interest rate is 1% for 15 days or 2% for 30 days, calculated daily. The full principal and accrued interest are due by a set date in September 2002. The Payee has the option to convert the loan into another financing arrangement before maturity. The agreement is signed by e.Digital's executives and the Payee.
| Exhibit 4.39 Date of Note Investor Name and Address This certifies that e.Digital Corporation, a Delaware corporation (the “Maker”), hereby promises to pay to _______ (the “Payee”) the sum of $______ plus interest in consideration for the $_______ (the “Principal”) unsecured loan used to finance various purchase orders and invoices. The interest rate to be charged will be 1% for 15 days, or 2% for 30 days and will be prorated daily based on 2% for 30 days (0.06667% per day). The entire unpaid Principal amount, plus all unpaid and accrued interest, shall be due and payable on September __, 2002. However, the Payee may, at its sole discretion, and at any time prior to maturity, elect to convert this unsecured loan into another financing currently contemplated by the Payee. Agreed and accepted as of the date hereof: “Maker”e.Digital Corporation, a Delaware corporation |
Alfred Falk, Chief Executive Officer |
James Collier, President and Chief Operating Officer |
Ran Furman, Chief Financial Officer |
| “Payee” |
Payee |
| |
