SEC Contract Filing

Filing Date: 2018-01-08

Document Content:
<DOCUMENT>
<TYPE>EX-10.1
<SEQUENCE>3
<FILENAME>evio_ex101.htm
<DESCRIPTION>CONVERTIBLE PROMISSORY NOTE
<TEXT>
<html><head><title>evio_ex101.htm</title><!--Document Created by EDGARMaster--></head><BODY spellcheck="true" style="text-align:justify;font:10pt TIMES NEW ROMAN;margin:0px 7%"><p style="MARGIN: 0px" align="right"><b>EXHIBIT 10.1</b></p>
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<p style="MARGIN: 0px" align="justify"><b>THIS NOTE IS A CONTRACT FOR A SHORT-TERM LOAN, THIS LOAN AND INTEREST ACCRUED IS PAYABLE IN FULL AT MATURITY. SINCE BORROWER HAS SELECTED A PAYMENT SCHEDULE WHICH WILL NOT PAY THE LOAN IN FULL BY THE MATURITY DATE, BORROWER WILL NEED TO PAY A LUMP SUM, OR A BALLOON PAYMENT, WHICH WILL PAY OFF THE ENTIRE AMOUNT OF THE PRINCIPLE BALANCE OF THE LOAN AND ANY UNPAID INTEREST THEN DUE.</b></p>
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<p style="MARGIN: 0px" align="justify"><b>THIS NOTE HAS NOT BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION NOR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE &#8220;SECURITIES ACT&#8221;), AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN ACCORDANCE WITH APPLICABLE STATE SECURITIES LAWS AND COMPANY RESTRICTIONS.</b></p>
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<p style="MARGIN: 0px" align="center">CONVERTIBLE PROMISSORY NOTE</p>
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<p style="MARGIN: 0px" align="justify">FOR VALUE RECEIVED, EVIO, Inc., a Colorado corporation, its successors and assigns (the &#8220;Company) promises to pay to the order of __________________ (&#8220;Holder&#8221;), in immediately available funds, the aggregate principal amount set forth below (the &#8220;Principal Amount in accordance with the terms of this Convertible Promissory Note (&#8220;Note&#8221;).</p>
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<p style="MARGIN: 0px">EFFECTIVE DATE: December ___, 2017</p>
<p style="MARGIN: 0px">&nbsp;</p>
<p style="MARGIN: 0px">PRINCIPAL AMOUNT: $ 500,000.00</p></td></tr></table>
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<td valign="top" width="4%">1.</td>
<td valign="top"><i>PAYMENT. </i>All unpaid principal shall be due and payable on the date six (6) months from the Effective Date hereof (&#8220;Maturity Date&#8221;). Payment shall be made at Holder&#8217;s address as directed by Holder in writing no less than ten (10) days prior to the Maturity Date solely through the delivery of the Company&#8217;s common stock pursuant to Section 6 of this Note.</td></tr>
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<td valign="top">2.</td>
<td valign="top"><i>INTEREST.</i> This Note shall bear no interest.</td></tr>
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<td valign="top">3.</td>
<td valign="top"><i>PREPAYMENT. </i>The Company may prepay this Note without penalty or premium.</td></tr>
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<td valign="top">4.</td>
<td valign="top"><i>REORGANIZATION. </i>In case of any consolidation or merger of the Company with or into any other corporation, entity or person, or any other corporate reorganization, in which the Company shall not be the continuing or surviving entity of such consolidation, merger or reorganization (any such transaction being hereinafter referred to as a &#8220;Reorganization&#8221;), the Company shall ensure that the surviving entity in any Reorganization specifically assumes the Company&#8217;s obligations under this Note.</td></tr>
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<td valign="top">5.</td>
<td valign="top"><i>DEFAULT. </i>The non-payment when due of any principal due pursuant to this Note or the breach of any material covenant or undertaking herein shall constitute an event of default under this Note. Upon the occurrence of any other event of default, and provided such Event of Default has not been cured by the Company within five (5) business days after written notice of its occurrence, Holder, may, by written notice to the Company, declare all or any portion of the unpaid Principal Amount due to Holder immediately due and payable. Holder shall also have all other remedies available under law and equity.</td></tr></tr></tr></tr></tr></table></p>
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<td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center">1</td></tr>
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<td valign="top" width="4%">6.</td>
<td valign="top"><i>CONVERSION UPON MATURITY. </i>Upon the maturity of this Note, the unpaid Principal Amount of this Note shall be automatically converted into share