Exhibit
4.26.2


 


PROMISSORY NOTE


 


	$50,000	May 21,
    2012


 


FOR
VALUE RECEIVED, on the dates and in the amounts so herein stipulated, INTELLINETICS, INC., hereinafter called "Maker",
hereby promises to pay to the order of Alpharion Capital Partners, Inc., at 9300 Shelbyville Road, Suite 1000, Louisville,
KY 40222 hereinafter called "Lender", or at such other address as Lender may hereafter designate to Maker in writing,
the sum of FIFTY THOUSAND AND 00/100 DOLLARS ($50,000), in lawful money of the United States of America, which shall be legal
tender, in payment of all debts and dues, public and private, at the time of payment, and to pay interest on the whole of the
principal amount hereof, together with all accrued interest, from time to time outstanding prior to the maturity of this Note
at a rate per annum equal to three and one-quarter percent (3.25%).


 


This Note
shall be due and payable in a single balloon payment One Hundred Eighty (180) days after the date first written above, and shall
be paid by the Maker to Lender in immediately available funds by check or wire transfer to Lender's bank account.


 


The principal
balance and accrued interest of this Note may be prepaid, in whole or in part, at any time without any prepayment penalty. All
payments, including prepayments, shall be applied first to accrued interest to the date of payment and then to principal. All
past-due principal and all accrued and past-due interest on this Note shall bear interest until paid at the rate set forth above.


 


It is
agreed that if default shall be made in any payment due hereon and such default is not cured within ten (10) days after written
notice of such default is given by Lender to Maker, or if there is a material default in any of the terms, covenants, agreements,
conditions or provisions set forth in any instrument or document given to secure this Note and such default is not cured within
thirty (30) days after written notice of such default is given by the Lender to the Maker or as soon thereafter as is reasonably
practicable in the event such default cannot be cured within thirty (30) days, or should Maker, become insolvent or commit an
act of bankruptcy or make an assignment for the benefit of creditors or authorize the filing of a voluntary petition in bankruptcy,
or should a receiver of any of their property be appointed, or should involuntary bankruptcy proceedings be filed or threatened
against Maker, then in any such event, at the option of the holder hereof at any time thereafter, without demand or notice, the
unpaid principal balance of this Note, and all accrued interest shall immediately become due and payable.


 


If this
Note is placed in the hands of an attorney for collection or if collected by suit or through bankruptcy, probate, receivership
or other legal or judicial proceedings, the Maker hereof agrees to pay as the reasonable costs of collection and reasonable attorney's
fees incurred related thereto.


 




    	 



    	 



    

 


The Maker
(i) waives demand, presentment for payment, notice of intention to accelerate the maturity of this Note and to declare the entire
balance of the indebtedness evidenced hereby due and payable, notice that the entire balance of the indebtedness evidenced hereby
has been declared due and payable, notice of nonpayment, protest, notice of protest and all other notices, filing of suit and
diligence in collecting this Note or enforcing any of the security herefor, (ii) agrees to any substitution, exchange or release
of any such security or the release of any party primarily or secondarily liable hereon, (iii) agrees that Lender or other holder
hereof shall not be required first to institute suit or exhaust its remedies hereon against the Maker or others liable or to become
liable hereon or enforce its rights against any security herefor in order to enforce payment of this Note by it, and (iv) consents
to any extensions or postponement of time of payment of this Note and to any other indulgence with respect hereto without notice
thereof to any of them.


 


Any check,
draft, money order or other instrument given in payment of all or any portion of this Note may be accepted by the Lender of any
other holder hereof and handled for collection in the customary manner, but the same shall not constitute payment hereunder or
diminish any right of the Lender or any other holder hereof, except to the extent that actual cash proceeds of such instrument
are unconditionally received by the Lender or any other holder hereof and applied to this indebtedness as herein provided.


 


This
Note shall be paid and performed in the State of Ohio, and the laws of the State of Ohio shall govern the construction, validity,
enforcement, and interpretation hereof, except to the extent federal laws otherwise govern the validity, construction, enforcement,
and interpretation hereof. If any additional rights or remedies are hereafter granted to creditors under the laws of the State
of Ohio or under the laws of the United States of America, the Lender shall also have and may exercise any such additional rights
or remedies. Venue for any action brought on this Note shall be proper in any state or federal court sitting in Columbus, Ohio,
and having jurisdiction of such action.


 


IN WITNESS
WHEREOF, the undersigned Maker has duly executed this Note as of the day and year above first written.


 


	 	INTELLINETICS, INC.
	 	 
	 	By: s:/William J. Santiago


 




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INTELLINETICS, INC.


SIGNATURE PAGE TO


SUBSCRIPTION AGREEMENT


 


Subscriber hereby elects to subscribe under the Subscription
Agreement for a Promissory Note in the Principal Amount of $ 50,000


 


Date: May 21,2012


 


If the purchaser is an INDIVIDUAL, and if purchased as JOINT
TENANTS, as TENANTS IN COMMON, or as COMMUNITY PROPERTY:


 


	 	 	 
	Print Name(s)	 	Social Security Number(s)
	 	 	 
	 	 	 
	Signature(s) of Subscriber(s)	 	Street Address
	 	 	 
	 	 	 
	Date	 	City, State, Zip Code


 


If the purchaser is a PARTNERSHIP, CORPORATION, LIMITED LIABILITY
COMPANY or TRUST:


 


	Alpharion Capital
    Partners, Inc.	 	Nevada 27-4514940
	Name of Partnerships, Corporation,	 	State of Organization and Federal
	Limited Liability Company or Trust	 	Taxpayer Identification Number
	 	 	 	 
	By:	/s/ Rick Hughes	 	9300 Shelbyville Road Suite 1000
	Name:	Rick Hughes	 	Street Address


 


	By:	/s/ Rick
    Hughes	 	 
	Name:	Rick Hughes	 	 
	Title:	CEO	 	 
	 	 	 	 
	 	May 21,2012	 	Louisville, KY 40222
	 	Date	 	City, State, Zip Code


 


SUBSCRIPTION FOR PROMISSORY NOTE ACCEPTED AND AGREED TO thjs
21th day ofMay 2012.


 


Intellinetics, Inc.


 


	By: s/William J. Santiago	 
	Title:  President & CEO