Exhibit 4.2


 


THIS NOTE HAS NOT BEEN REGISTERED UNDER
THE SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAW, AND IT MAY NOT BE SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT UNDER SAID ACT OR STATE LAW OR AN EXEMPTION FROM SUCH REGISTRATION REQUIREMENTS; AND THE
COMPANY MAY REQUIRE AN OPINION OF COUNSEL AS TO THE AVAILABILITY OF SUCH EXEMPTION.


 


	No. ____	 	Longwood, Florida 
	$___,000.00 	 	Date: ________ __, 2016


 


ID
Global Solutions Corporation


 


PROMISSORY NOTE DUE _______ __, 2017


 


FOR VALUE RECEIVED, ID
GLOBAL SOLUTIONS CORPORATION, a Delaware corporation (the “Company”), hereby promises to pay to the order of ____________
(“Holder”), the principal amount of ______ HUNDRED THOUSAND dollars ($___,000) on ________ __, 2017 (“Maturity
Date”) or earlier as hereinafter provided. Interest on the outstanding principal balance shall be paid at maturity at the
rate of ten percent (10%) per annum for the initial six months of the term of the Note and fifteen percent (15%) per annum for
the remaining six months of the term of the Note. Interest shall be computed on the basis of a 360-day year, using the number of
days actually elapsed. All terms not capitalized herein shall have the meaning as set forth in that certain Securities Purchase
Agreement dated as of the date hereof. This Note shall be unsecured.


 


ARTICLE 1.


Events of Default and Acceleration


 


(a)  Events
of Default Defined. The entire unpaid principal amount of this Note, together with interest thereon shall forthwith become
and be due and payable if any one or more the following events (“Events of Default”) shall have occurred (for any reason
whatsoever and whether such happening shall be voluntary or involuntary or be affected or come about by operation of law pursuant
to or in compliance with any judgment, decree, or order of any court or any order, rule or regulation of any administrative or
governmental body) and be continuing. An Event of Default shall occur:


 


(i)          if
failure shall be made in the payment of the principal of this Note or in the payment of any installment of interest on this Note
when and as the same shall become due and such failure shall continue for a period of five (5) days after such payment is due;
or


 


(ii)         if
the Company shall consent to the appointment of a receiver, trustee or liquidator of itself or of a substantial part of its property,
or shall admit in writing its inability to pay its debts generally as they become due, or shall make a general assignment for the
benefit of creditors, or shall file a voluntary petition in bankruptcy, or an answer seeking reorganization in a proceeding under
any bankruptcy law (as now or hereafter in effect) or an answer admitting the material allegations of a petition filed against
the Company in any such proceeding, or shall by voluntary petition, answer or consent, seek relief under the provisions of any
other now existing or future bankruptcy or other similar law providing for the reorganization or winding up of corporations, or
an arrangement, composition, extension or adjustment with its or their creditors, or shall, in a petition in bankruptcy filed against
it or them be adjudicated a bankrupt, or the Company or its directors or a majority of its stockholders shall vote to dissolve
or liquidate the Company; or


 




     


     


    

 


(iii)        if
an involuntary petition shall be filed against the Company seeking relief against the Company under any now existing or future
bankruptcy, insolvency or other similar law providing for the reorganization or winding up of corporations, or an arrangement,
composition, extension or adjustment with its or their creditors, and such petition shall not be stayed or vacated or set aside
within ninety (90) days from the filing thereof; or


 


(iv)        if
a court of competent jurisdiction shall enter an order, judgment or decree appointing, without consent of the Company, a receiver,
trustee or liquidator of the Company or of all or any substantial part of the property of the Company, or approving a petition
filed against the Company seeking a reorganization or arrangement of the Company under the Federal bankruptcy laws or any other
applicable law or statute of the United States of America or any State thereof, or any substantial part of the property of the
Company shall be sequestered; and such order, judgment or decree shall not be stayed or vacated or set aside within ninety (90)
days from the date of the entry thereof.


 


(b)  Rights
of the Holder. Nothing in this Note shall be construed to modify, amend or limit in any way the right of the Holder to bring
an action against the Company.


 


ARTICLE 2.


Miscellaneous


 


(a)  Prepayments
and Partial Payments. The Company may prepay this Note in whole or in part at anytime; provided, that any partial payment of
principal shall be accompanied by payment of accrued interest to the date of prepayment. Any payment made to the holders of the
Notes which is not a full payment of all principal and interest on all of the Notes shall be made pro rata to the holders of the
Notes based on the respective principal amounts of the Notes.


 


(b)  Transferability.
This Note shall not be transferred except in a transaction exempt from registration pursuant to the 1933 Act and applicable state
securities law. The Company shall treat as the owner of this Note the person shown as the owner on its books and records. The term
“Holder” shall include the initial holder named on the first page of this Note and any subsequent holder of this Note.


 


(c)  WAIVER
OF TRIAL BY JURY. IN ANY LEGAL PROCEEDING TO ENFORCE PAYMENT OF THIS NOTE, THE COMPANY WAIVES TRIAL BY JURY.


 


(d)  Usury
Saving Provision. All payment obligations arising under this Note are subject to the express condition that at no time shall
the Company be obligated or required to pay interest at a rate which could subject the holder of this Note to either civil or criminal
liability as a result of being in excess of the maximum rate which the Company is permitted by law to contract or agree to pay.
If by the terms of this Note, the Company is at any time required or obligated to pay interest at a rate in excess of such maximum
rate, the applicable rate of interest shall be deemed to be immediately reduced to such maximum rate, and interest thus payable
shall be computed at such maximum rate, and the portion of all prior interest payments in excess of such maximum rate shall be
applied and shall be deemed to have been payments in reduction of principal.


 




    	 	2	 



     


    

 


(e)  Notice
to Company. Notice to the Company shall be given to the Company at its principal executive offices, presently located at160
East Lake Brantley Drive, Longwood, FL 32779, telecopier (___) - , attention of CEO, or to such other address or person as the
Company may, from time to time, advise the holder of this Note, or to the holder of this Note at the address set forth on the
Company’s records. Notice shall be given by hand delivery, certified or registered mail, return receipt requested, overnight
courier service which provides evidence of delivery, or by telecopier if confirmation of receipt is given or of confirmation of
transmission is sent as herein provided.


 


(f)  Governing
Law. This Note shall be governed by the laws of the State of Florida applicable to agreements executed and to be performed
wholly within such State. The Company hereby (i) consents to the non-exclusive jurisdiction of the United States District Court
sitting in Orlando, Florida in any action relating to or arising out of this Note, (ii) agrees that any process in any such action
may be served upon it, in addition to any other method of service permitted by law, by certified or registered mail, return receipt
requested, or by an overnight courier service which obtains evidence of delivery, with the same full force and effect as if personally
served upon him and (iii) waives any claim that the jurisdiction of any such tribunal is not a convenient forum for any such action
and any defense of lack of in personam jurisdiction with respect thereto.


 


(g)  Expenses.
In the event that the Holder commences a legal proceeding in order to enforce its rights under this Note, the Company shall pay
all reasonable legal fees and expenses incurred by the Holder with respect thereto, if the Holder is successful in enforcing such
action.


 


IN WITNESS WHEREOF, the
Company has executed this Note as of the date and year first aforesaid.


 


	 	ID GLOBAL SOLUTIONS CORPORATION
	 	 
	 	By:	 
	 	Name: 
	 	Title:


 






    	 	3