ENDORSER AND GUARANTOR OF THIS NOTE SUBMIT TO
THE JURISDICTION OF THE COURTS OF THE CITY OF NEW YORK AND OF THE UNITED STATES
DISTRICT COURTS SITUATED THEREIN FOR ALL PURPOSES WITH RESPECT TO THIS NOTE, ANY
COLLATERAL GIVEN TO SECURE THEIR RESPECTIVE LIABILITIES TO THE LENDER, AND THEIR
RESPECTIVE RELATIONSHIPS WITH THE LENDER.
THE BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVES ALL RIGHTS TO TRIAL
BY JURY IN ANY LEGAL ACTION, PROCEEDING OR COUNTERCLAIM BROUGHT BY THE LENDER
AGAINST THE BORROWER ON ANY MATTER WHATSOEVER ARISING OUT OF, IN CONNECTION WITH
OR RELATED TO THIS NOTE.
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THIS NOTE IS A DEMAND NOTE DUE AND OWING IMMEDIATELY, WITHOUT PRIOR DEMAND OF
THE HOLDER, AND IMMEDIATE ACTION TO ENFORCE ITS PAYMENT MAY BE TAKEN AT ANY TIME
WITHOUT NOTICE.
BORROWER:
IMMUNE PHARMACEUTICALS INC.
/s/ Daniel G. Teper
Name: Daniel G. Teper
Title: CEO
LENDER:
MELINI CAPITAL CORP.
By: /s/ Daniel Kazado
Name: Daniel Kazado
Title: Senior Advisor
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EXHIBIT A
MELINI CAPITAL CORP. - Loan to Immune Pharmaceuticals Inc.
Date
Amount
of Loan
Amount of
Principal Paid
or Prepaid
Balance of
Principal
Unpaid
Notation
Made By:
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