Convertible Promissory Note dated January 23, 2017

Contract Categories: Business Finance › Note Agreements
Summary

This Convertible Promissory Note, dated January 23, 2017, is an agreement between a lender and a borrower in which the borrower promises to repay a specified loan amount with interest. The note includes a provision allowing the lender to convert the outstanding loan balance into equity in the borrower’s company under certain conditions. Key terms include the principal amount, interest rate, maturity date, and the process for conversion to equity. This agreement outlines the rights and obligations of both parties regarding repayment and conversion.

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EX-10.20 6 grck-20161231_10kex10z20.htm EXHIBIT 10.20

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