FORM OF PROMISSORY NOTE
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EX-10.6 7 ex10_6.htm EXHIBIT 10.6
Exhibit 10.6
VerifyMe, Inc.
409 Boot Road
Downingtown, PA 19335
FORM OF PROMISSORY NOTE
| AMOUNT: $100,000 | DATE: February 13, 2017 |
For value received $100,000 receipt of which is hereby acknowledged, VerifyMe, Inc., a Nevada Corporation (the “Maker”) promises to pay to the order of ___________ the amount of One Hundred Thousand and 0/100 Dollars ($100,000.00) in lawful money of the United States of America. The note is non-interest bearing.
The entire principal balance will be due on demand and payable in full no later than June 30, 2017.
Maker shall have the right to prepay all or any part of this Note at any time without penalty or bonus to Payee.
In the event any action is required to enforce the terms hereof, the undersigned promises to pay reasonable attorney’s fees and costs incurred in connection therewith.
| Name: | ||
| Title: |
Warrants:
In conjunction with this promissory note and agreement with the Company to grant warrants to purchase VerifyMe common stock with an exercise price of $0.40 for every $20,000 that is loaned, the Company has recorded a warrant to purchase 5,000,000 shares of VerifyMe, Inc. common stock at an exercise price of $0.40 on a cashless basis for your benefit.
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