Exhibit
4.47


Satisfaction
of Note Agreement


 


This Satisfaction of
Note Agreement (“Satisfaction of Note Agreement”), dated this 31st day of December, 2012, is by and between GLOBALWISE
INVESTMENTS, INC. hereinafter called “Maker” and Roy Haddix, hereinafter called “Lender”.


 


Background


 


		A.	On July 20, 2012, the Maker issued a promissory note at an interest rate of 10%, in the principal
amount of $25,000 in favor of the Lender (the “Promissory Note”).



 


		B.	The Lender surrenders the Promissory Note pursuant to this Satisfaction of Note Agreement to the
Maker and the Maker issues to the Lender contemporaneously herewith a Convertible Promissory Note in the amount of the Promissory
Note of $25,00.00 (a Convertible Promissory Note substantially similar in form is attached as Exhibit A hereto).



 


NOW, THEREFORE, for
good and adequate consideration, the sufficiency of which is hereby acknowledged, the parties hereto agree as follows:


 


Maker hereby agrees
and acknowledges that the Lender has surrendered the Promissory Note to the Maker and the Lender hereby agrees and acknowledges
that Maker hereby has issued a Convertible Promissory Note to the Lender (substantially similar in form to Exhibit A hereto). The
Lender agrees that the Promissory Note is hereby satisfied in full, and the obligation of Maker under the Promissory Note is hereby
discharged in its entirety by the issuance of the Convertible Promissory Note. Lender shall mark the Promissory Note “PAID
IN FULL” and return the Promissory Note to Maker. However, the failure of the Lender to return the Promissory Note to the
Maker as provided for in the immediately preceding sentence shall not in any way affect the discharge by the Lender of the Maker’s
obligations under the Promissory Note.


 


[Signatures appear on the following page]


 




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IN WITNESS WHEREOF,
the parties have duly executed this Agreement as of the date first written above.


 


	Maker:	 	Lender:
	 	 	 
	Globalwise Investments, Inc.	 	Roy Haddix
	 	 	 
	/s/ William J. Santiago	 	/s/ Roy Haddix
	 	 	 
	Name: William J. Santiago	 	Name: Roy Haddix
	President and CEO	 	 


 




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Exhibit A


 


NEITHER THIS CONVERTIBLE PROMISSORY NOTE NOR THE SECURITIES
ISSUABLE UPON THE CONVERSION HEREOF HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF
ANY STATE. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF (1) AN EFFECTIVE REGISTRATION STATEMENT
AS TO THE SECURITIES UNDER SAID ACT OR SECURITIES LAWS OR (2) AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION.


 


CONVERTIBLE PROMISSORY NOTE


 


	U.S. $_____________ 	Dated:  _______________, 2012 


 


FOR VALUE RECEIVED, Globalwise Investments,
Inc., a Nevada corporation (the “Maker”), hereby promises to pay to ___________, an individual, or his successors and
assigns (the “Lender”), at his address at _____________________________________________, or to such other address as
Lender shall provide in writing to the Maker for such purpose, a principal sum of __________________ (U.S. $_________). The aggregate
principal amount outstanding under this Convertible Promissory Note (the “Note”) will be conclusively evidenced by
the schedule annexed as Annex B hereto (the “Loan Schedule”), up to a maximum principal amount of U.S $___________.
The entire principal amount hereunder shall be due and payable on _____________ (the “Maturity Date”), or on such earlier
date as such principal amount may earlier become due and payable pursuant to the terms hereof.


 


1. Interest Rate. Interest shall accrue on the unpaid
principal amount of this Note at the rate of _____ percent (__%) per annum from the date of the first making of the loan for such
principal amount until such unpaid principal amount is paid in full or earlier converted into restricted shares (the “Shares”)
of the Maker’s common stock (the “Common Stock”) in accordance with the terms hereof. Interest hereunder shall
be paid on such date as the principal amount under this Note becomes due and payable or the interest shall be converted into Shares
of Maker’s Common Stock in accordance with the terms hereof and shall be computed on the basis of a 360-day year for the
actual number of days elapsed.


 


2. Conversion of Principal and Interest.
Subject to the terms and conditions hereof, the Lender, at its sole option, may deliver to the Maker a notice in the form attached
hereto as Annex A (a “Conversion Notice”) and an updated Loan Schedule, at any time and from time to time after the
date hereof and prior to the payment of the principal amount and all accrued interest thereon (the date of the delivery of a Conversion
Notice shall be referred to herein as a “Conversion Date”), to convert all or any portion of the outstanding principal
amount of this Note plus accrued and unpaid interest thereon, for a number of Shares equal to the quotient obtained by dividing
the dollar amount of such outstanding principal amount of this Note plus the accrued and unpaid interest thereon being converted
by the Conversion Price (as defined in Section 14). Conversions hereunder shall have the effect of lowering the outstanding principal
amount of this Note plus all accrued and unpaid interest thereunder in an amount equal to the applicable conversion, which shall
be evidenced by entries set forth in the Conversion Notice and the Loan Schedule.


 




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3. Certain Conversion Limitations. The Lender may not
convert an outstanding principal amount of this Note or accrued and unpaid interest thereon to the extent such conversion would
result in the Lender, together with any affiliate thereof, beneficially owning (as determined in accordance with Section 13(d)
of the Exchange Act (as defined in Section 14) and the rules promulgated thereunder) in excess of 9.999% of the then issued and
outstanding shares of Common Stock. Since the Lender will not be obligated to report to the Maker the number of shares of Common
Stock it may hold at the time of a conversion hereunder, unless the conversion at issue would result in the beneficial ownership
in excess of 9.999% of the then outstanding shares of Common Stock (inclusive of any other shares which may be beneficially owned
by the Lender or an affiliate thereof), the Lender shall have the authority and obligation to determine whether and the extent
to which the restriction contained in this Section will limit any particular conversion hereunder. The Lender may waive the provisions
of this Section upon not less than 75 days prior notice to the Maker.


 


4. Deliveries. Not later than thirty (30) Trading Days
(as defined in Section 14) after any Conversion Date, the Maker will deliver to the Lender (i) a certificate or certificates representing
the number of Shares being acquired upon the conversion of the principal amount of this Note and any interest accrued thereunder
being converted pursuant to the Conversion Notice (subject to the limitations set forth in Section 3 hereof), and (ii) an endorsement
by the Maker of the Loan Schedule acknowledging the remaining outstanding principal amount of this Note plus all accrued and unpaid
interest thereon not converted (an “Endorsement”). The Maker’s delivery to the Lender of stocks certificates
in accordance clause (i) above shall be Maker’s conclusive endorsement of the remaining outstanding principal amount of this
Note plus all accrued and unpaid interest thereon not converted as set forth in the Loan Schedule.


 


5. Prepayment Right. The Maker shall have the right to
prepay all or a portion of the outstanding principal amount of this Note plus all accrued and unpaid interest thereon.


 


6. No Adjustments. If the Maker, at any time while any
portion of the principal amount due under this Note is outstanding, (a) shall pay a stock dividend or otherwise make a distribution
or distributions on shares of its Common Stock or any other equity or equity equivalent securities payable in shares of Common
Stock, (b) subdivide outstanding shares of Common Stock into a larger number of shares, (c) combine (including by way of reverse
stock split) outstanding shares of Common Stock into a smaller number of shares, or (d) issue by reclassification of shares of
the Common Stock any shares of capital stock of the Maker, then the Conversion Price (as defined in Section 14) shall not be adjusted.


 


7. No Waiver of Lender’s Rights, etc. All payments
of principal and interest shall be made without setoff, deduction or counterclaim. No delay or failure on the part of the Lender
in exercising any of its options, powers or rights, nor any partial or single exercise of its options, powers or rights shall constitute
a waiver thereof or of any other option, power or right, and no waiver on the part of the Lender of any of its options, powers
or rights shall constitute a waiver of any other option, power or right. The Maker hereby waives presentment of payment, protest,
and notices or demands in connection with the delivery, acceptance, performance, default or endorsement of this Note. Acceptance
by the Lender of less than the full amount due and payable hereunder shall in no way limit the right of the Lender to require full
payment of all sums due and payable hereunder in accordance with the terms hereof.


 




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8. Modifications. No term or provision contained herein
may be modified, amended or waived except by written agreement or consent signed by both parties to this Note.


 


9. Cumulative Rights and Remedies; Usury. The rights
and remedies of the Lender expressed herein are cumulative and not exclusive of any rights and remedies otherwise available. If
it shall be found that any interest outstanding hereunder shall violate applicable laws governing usury, the applicable rate of
interest outstanding hereunder shall be reduced to the maximum permitted rate of interest under such law.


 


10. Successors and Assigns. This Note shall be binding
upon the Maker and its successors and shall inure to the benefit of the Lender and its successors and assigns. The term “Lender”
as used herein, shall also include any endorsee, assignee or other holder of this Note.


 


11. Lost or Stolen Promissory Note. If this Note is lost,
stolen, mutilated or otherwise destroyed, the Maker shall execute and deliver to the Lender a new promissory note containing the
same terms, and in the same form, as this Note. In such event, the Maker may require the Lender to deliver to the Maker an affidavit
of lost instrument and customary indemnity in respect thereof as a condition to the delivery of any such new promissory note.


 


12. Due Authorization. This Note has been duly authorized,
executed and delivered by the Maker and is the legal obligation of the Maker, enforceable against the Maker in accordance with
its terms.


 


13. Governing Law. This Note shall be governed by and
construed and enforced in accordance with the internal laws of the State of Nevada without regard to the principles of conflicts
of law thereof.


 


14. Definitions. For the purposes hereof, the following
terms shall have the following meanings:


 


“Business Day” means
any day except Saturday, Sunday and any day that is a legal holiday or a day on which banking institutions in the State of New
York or State of Nevada are authorized or required by law or other government action to close.


 


“Conversion Price” shall be the market price
of the Common Shares (calculated to be the closing price) on the trading day immediately preceding the Conversion Date.


 


“Exchange Act” means the Securities Exchange
Act of 1934, as amended.


 




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“Trading Day” means (a) a day on which the
shares of Common Stock are traded on such Subsequent Market on which the shares of Common Stock are then listed or quoted, or (b)
if the shares of Common Stock are not listed on a Subsequent Market, a day on which the shares of Common Stock are traded in the
over-the-counter market, as reported by the OTC Bulletin Board, or (c) if the shares of Common Stock are not quoted on the OTC
Bulletin Board, a day on which the shares of Common Stock are quoted in the over-the-counter market as reported by the National
Quotation Bureau Incorporated (or any similar organization or agency succeeding its functions of reporting prices); provided, however,
that in the event that the shares of Common Stock are not listed or quoted as set forth in (a), (b) and (c) hereof, then Trading
Day shall mean any day except Saturday, Sunday and any day which shall be a legal holiday or a day on which banking institutions
in the State of New York or State of Nevada are authorized or required by law or other government action to close.


 


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IN WITNESS WHEREOF, the Maker has caused this Convertible
Promissory Note to be duly executed and delivered as of the date first set forth above.





 


	Globalwise Investments, Inc. 
	 
	By:	 	 
	Name:  	 	 
	Title:  Chief Executive Officer


 


[Name of Lender]


 


	By:	 	 
	Name:  	 	 
	Title:  	[An individual or a Corporation]


 




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ANNEX A


 


NOTICE OF CONVERSION


 


Dated: _________________


 


The undersigned hereby elects to convert the principal amount
and interest indicated below of the attached Convertible Promissory Note into restricted shares of common stock (the “Common
Stock”), of Globalwise Investments, Inc., according to the conditions hereof, as of the date written below. No fee will be
charged to the holder for any conversion.


 


Exchange calculations: ______________________________________________


 


Date to Effect Conversion: ___________________________________________


 


Principal Amount and Interest of: ______________________________________


 


Number of shares of Common Stock to be Issued: __________________________


 


Applicable Conversion Price (the closing price on the date of
Conversion): _________________________________________


 


Signature: __________________________________________


 


Name:_____________________________________________


 


Address:______________________________________________________________________


 




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ANNEX B


 


LOAN SCHEDULE


 


Convertible Promissory Note Issued
by Globalwise Investments, Inc.


 


Dated: ___________________


 


SCHEDULE OF CONVERSIONS AND PAYMENTS
OF PRINCIPAL AND INTEREST


 


	Date of Conversion	 	 	Amount of Conversion	 	 	Total Amount Due
 Subsequent
 to Conversion	 
		 	 	 		 	 	 		 
	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 



 


Signature: __________________________________________


 


Name:_____________________________________________


 


Address:______________________________________________________________________


 




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