Document:

Exhibit 10.24

 

THE ISSUANCE OF THIS PROMISSORY NOTE, AND
THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY, THE “SECURITIES”), HAVE NOT BEEN REGISTERED WITH
THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE SECURITIES ARE BEING OFFERED
PURSUANT TO CLAIMED EXEMPTIONS FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”). THE SECURITIES ARE “RESTRICTED SECURITIES” AND MAY NOT BE OFFERED OR RESOLD UNLESS
THE SECURITIES ARE REGISTERED UNDER THE ACT, OR ELIGIBLE TO BE OFFERED OR SOLD PURSUANT TO AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION
REQUIREMENTS. THE COMPANY MAY REQUIRE THAT IT BE PROVIDED WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY
REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT
IN COMPLIANCE WITH THE ACT.

 

CRYOPORT, INC.

 

US $[________]

 

This Promissory Note
(the “Note”) is issued as of __________, 201_ by Cryoport, Inc.,
a Nevada corporation (the “Company”), to _____________________________________ (together with its permitted
successors and assigns, the “Holder”) with an address of_______________________________ pursuant to exemptions
from registration under the Securities Act of 1933, as amended.

 

ARTICLE I.

 

Section 1.01 Principal
and Interest. The Company hereby promises to pay the principal sum of US $[________] pursuant to the terms hereof and to
pay interest to the Holder on such principal balance from the date hereof. From the date hereof until January 31, 2013, interest
shall accrue at the rate of fifteen percent (15%) per annum and from February 1, 2013 through the date of payment, interest shall
accrue at the rate of five percent (5%) per annum.

 

Section 1.02 Maturity
Date. All unpaid principal and accrued interest hereunder shall be paid on December 31, 2013.

 

Section 1.03 Optional
Conversion to Preferred Stock. The Company is currently in negotiations with prospective investors for the issuance by
the Company of preferred shares which are contemplated to be convertible into common stock of the Company. The terms of such preferred
shares have yet to be established and there can be no assurance that such preferred shares will be issued. In the event, however,
that the Company shall authorize and offer preferred shares while the Note is outstanding, the Company will provide written notice
to the Holder of the offer of such shares and the Holder shall have the option during the ten days following such notice to elect
to convert all or a portion of the principal and accrued interest under this Note into the offered shares. The Company shall not
issue fractional shares upon a conversion. If the application of the Conversion price shall contemplate issuance of less than a
half share, such fractional share shall not be issued and no payment shall be made to the converting Holder and should such application
result in the issuance of a half or greater fractional share, such fractional share shall be rounded up to the next full share.

 

ARTICLE II.

 

Section 2.01 No
Prepayment. This Note may not be prepaid by the Company without the express written consent of the Holder.

 

    	 

    	 

    

 

Section 2.02 Pari
Passu With Other Notes. The payment of this Note and other similar notes issued for up to an aggregate principal sum of
$3,000,000 shall be made in full by the Company and if the Company is unable to fully repay all such notes, then payment shall
be on a pari passu basis.

 

ARTICLE III.

 

Section 3.01 Re-issuance
of Note. Should the Holder elect to convert a part, but not all, of the unpaid principal amount then owing to the Holder
under this Note, then the Company shall reissue a new Note in the same form as this Note to reflect the new principal amount and
the accrued unpaid interest which was not converted.

 

Section 3.02 Notices.
Notices regarding this Note shall be sent to the parties at the following addresses, unless a party notifies the other parties,
in writing, of a change of address:

 

	If to the Holder, to:	 	 
	 	 	 

 

	If to the Company:	Cryoport, Inc.	 
	 	20382 Barents Sea Circle	 
	 	Lake Forest, CA 92101	 

 

Section 3.03 Governing
Law. This Note shall be deemed to be made under and shall be construed in accordance with the laws of the state of Nevada
without giving effect to the principals of conflict of laws thereof.

 

Section 3.04 Severability.
The invalidity of any of the provisions of this Note shall not invalidate or otherwise affect any of the other provisions of
this Note, which shall remain in full force and effect.

 

Section 3.05 Entire
Agreement and Amendments. This Note represents the entire agreement between the parties hereto with respect to the subject
matter hereof and there are no representations, warranties or commitments, except as set forth herein. This Note may be amended
only by an instrument in writing executed by the parties hereto.

 

Section 3.06. No
Waiver, Cumulative Remedies. No failure to exercise and no delay in exercising, on the part any party, any right, remedy,
power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies,
powers and privileges provided by law.

 

Section 3.07 Waiver
of Trial by Jury. To the extent permitted by applicable Law, each of the parties irrevocably waives all right of trial
by jury in any action, proceeding or counterclaim arising out of or in connection with this Note or any matter arising hereunder.

 

Section .3.08 Legal
Holidays. In any case where the date on which any payment is due to any Holder shall not be a business day, then any such
payment need not be made on such date, but may be made on the next succeeding business day with the same force and effect as if
made on the date on which nominally due, and no interest shall accrue for the period from and after any such nominal date.

 

    	 

    	 

    

 

IN WITNESS WHEREOF,
with the intent to be legally bound hereby, the Company as executed this Note as of the date first written above.

 

	 	CRYOPORT, INC.
	 	 	 
	 	By:	 
	 	 	 
	 	 	a duly authorized officerExhibit 10.25

 

AMENDMENT TO PROMISSORY NOTE

  

This Amendment to Promissory
Note (the “Amendment”) amends that certain Promissory Note issued by CRYOPORT, INC., a Nevada corporation
(the “Company”), dated as of the date, to the holder, and in the original principal amount as set forth
on the signature page hereto (the “Note”).

 

For valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:

 

		1.	Section 1.03 of the Note is hereby deleted and replaced
with the following:

 

Section 1.03
Conversion to Equity Options. The Company is currently in negotiations with prospective investors for the issuance
by the Company of equity securities. These securities may be common stock or preferred stock and may or may not involve the issuance
of warrants to purchase equity in the Company. The terms of such equity securities have yet to be established and there can be
no assurance that such equity securities will be issued. In the event, however, that the Company shall issue one or more types
of equity securities (a “Transaction”) before the maturity of this Note, the Company shall in each event
notify the Holder in writing within ten (10) days of such issuance of the terms of the Transaction and the Holder shall have the
option until the later of (a) ten (10) days after such notice or (b) December 15, 2013 to elect in writing to convert all
or a portion of the principal and accrued interest under this Note into the equity securities that were issued by the Company on
the same terms that the Company issued said securities in such Transaction. The Company shall not issue fractional shares upon
a conversion. If the application of the Conversion price shall contemplate issuance of less than a half share, such fractional
share shall not be issued and no payment shall be made to the converting Holder and should such application result in the issuance
of a half or greater fractional share, such fractional share shall be rounded up to the next full share.

 

2.         This Amendment may be executed in
any number of counterparts, each of which shall be an original, but all of which together shall constitute one instrument. Facsimile
and/or other electronically transmitted signatures shall be effective for all purposes.

 

3.         Other than as set forth in this Amendment,
all of the terms and conditions of the Note shall continue in full force and effect.

 

[The remainder of this page has been intentionally
left blank.]

 

IN WITNESS WHEREOF,
the parties hereto have executed this Amendment to Promissory Note as of the date set first set forth above.

 

    	 

    	 

    

 

	Dated:  	 	, 2013	 	CRYOPORT, INC.
	 	 	 	 	 	 
	 	 	 	 	By:  	 
	 	 	 	 	 	 
	 	 	 	 	 	a duly authorized officer

 

Agreed and acknowledged:

 

	 	 
	Signature	 

 

	Date of Promissory Note:	 	, 2013	 
	 	 	 	 
	Holder:	 	 	 
	 	 	 	 
	Original Principal Amount:Exhibit 10.26

 

THE ISSUANCE OF THIS PROMISSORY NOTE, AND
THE SECURITIES INTO WHICH IT IS CONVERTIBLE (COLLECTIVELY, THE “SECURITIES”), HAVE NOT BEEN REGISTERED WITH
THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE. THE SECURITIES ARE BEING OFFERED
PURSUANT TO CLAIMED EXEMPTIONS FROM REGISTRATION UNDER REGULATION D PROMULGATED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”). THE SECURITIES ARE “RESTRICTED SECURITIES” AND MAY NOT BE OFFERED OR RESOLD UNLESS
THE SECURITIES ARE REGISTERED UNDER THE ACT, OR ELIGIBLE TO BE OFFERED OR SOLD PURSUANT TO AN APPLICABLE EXEMPTION FROM SUCH REGISTRATION
REQUIREMENTS. THE COMPANY MAY REQUIRE THAT IT BE PROVIDED WITH OPINION OF COUNSEL OR OTHER SUCH INFORMATION AS IT MAY REASONABLY
REQUIRE TO CONFIRM THAT SUCH EXEMPTIONS ARE AVAILABLE. FURTHER, HEDGING TRANSACTIONS INVOLVING THE SECURITIES MAY NOT BE MADE EXCEPT
IN COMPLIANCE WITH THE ACT.

 

CRYOPORT, INC.

 

US $[________]

 

This Promissory Note
(the “Note”) is issued as of __________ __, 2013 by Cryoport,
Inc., a Nevada corporation (the “Company”), to _____________________________________ (together
with its permitted successors and assigns, the “Holder”) with an address of_______________________________
pursuant to exemptions from registration under the Securities Act of 1933, as amended.

 

ARTICLE I.

 

Section 1.01 Principal
and Interest. The Company hereby promises to pay the principal sum of US $[________] pursuant to the terms hereof and to
pay interest to the Holder on such principal balance from the date hereof. From the date hereof through the date of payment, interest
shall accrue at the rate of five percent (5%) per annum.

 

Section 1.02 Maturity
Date. All unpaid principal and accrued interest hereunder shall be paid on December 31, 2013.

 

Section 1.03 Conversion
to Equity Options. The Company is currently in negotiations with prospective investors for the issuance by the Company
of equity securities. These securities may be common stock or preferred stock and may or may not involve the issuance of warrants
to purchase equity in the Company. The terms of such equity securities have yet to be established and there can be no assurance
that such equity securities will be issued. In the event, however, that the Company shall issue one or more types of equity securities
(a “Transaction”) before the maturity of this Note, the Company shall in each event notify the Holder
in writing within ten (10) days of such issuance of the terms of the Transaction and the Holder shall have the option until the
later of (a) ten (10) days after such notice or (b) December 15, 2013 to elect in writing to convert all or a portion of the principal
and accrued interest under this Note into the equity securities that were issued by the Company on the same terms that the Company
issued said securities in such Transaction. The Company shall not issue fractional shares upon a conversion. If the application
of the Conversion price shall contemplate issuance of less than a half share, such fractional share shall not be issued and no
payment shall be made to the converting Holder and should such application result in the issuance of a half or greater fractional
share, such fractional share shall be rounded up to the next full share.

 

    	 

    	 

    

 

ARTICLE II.

 

Section 2.01 No
Prepayment. This Note may not be prepaid by the Company without the express written consent of the Holder.

 

Section 2.02 Pari
Passu With Other Notes. The payment of this Note and other similar notes issued for up to an aggregate principal sum of
$3,000,000 shall be made in full by the Company and if the Company is unable to fully repay all such notes, then payment shall
be on a pari passu basis.

 

ARTICLE III.

 

Section 3.01 Re-issuance
of Note. Should the Holder elect to convert a part, but not all, of the unpaid principal amount then owing to the Holder
under this Note, then the Company shall reissue a new Note in the same form as this Note to reflect the new principal amount and
the accrued unpaid interest which was not converted.

 

Section 3.02 Notices.
Notices regarding this Note shall be sent to the parties at the following addresses, unless a party notifies the other parties,
in writing, of a change of address:

 

 

	If to the Holder, to:	 	 
	 	 	 

 

	If to the Company:	Cryoport, Inc.	 
	 	20382 Barents Sea Circle	 
	 	Lake Forest, CA 92101	 

 

Section 3.03 Governing
Law. This Note shall be deemed to be made under and shall be construed in accordance with the laws of the state of Nevada
without giving effect to the principals of conflict of laws thereof.

 

Section 3.04 Severability.
The invalidity of any of the provisions of this Note shall not invalidate or otherwise affect any of the other provisions of
this Note, which shall remain in full force and effect.

 

Section 3.05 Entire
Agreement and Amendments. This Note represents the entire agreement between the parties hereto with respect to the subject
matter hereof and there are no representations, warranties or commitments, except as set forth herein. This Note may be amended
only by an instrument in writing executed by the parties hereto.

 

Section 3.06. No
Waiver, Cumulative Remedies. No failure to exercise and no delay in exercising, on the part any party, any right, remedy,
power or privilege hereunder, shall operate as a waiver thereof, nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein provided are cumulative and not exhaustive of any rights, remedies,
powers and privileges provided by law.

 

Section 3.07 Waiver
of Trial by Jury. To the extent permitted by applicable Law, each of the parties irrevocably waives all right of trial
by jury in any action, proceeding or counterclaim arising out of or in connection with this Note or any matter arising hereunder.

 

    	 

    	 

    

 

Section .3.08 Legal
Holidays. In any case where the date on which any payment is due to any Holder shall not be a business day, then any such
payment need not be made on such date, but may be made on the next succeeding business day with the same force and effect as if
made on the date on which nominally due, and no interest shall accrue for the period from and after any such nominal date.

 

IN WITNESS WHEREOF,
with the intent to be legally bound hereby, the Company as executed this Note as of the date first written above.

 

	 	CRYOPORT, INC.
	 	 	 
	 	By:	 
	 	 	 
	 	 	a duly authorized officer

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