SEC Contract Filing

Filing Date: 2016-07-01

Document Content:
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<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 1in; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">THIS
SECURITY HAS NOT BEEN REGISTERED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY
STATE OR UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS SECURITY IS RESTRICTED AND MAY NOT BE OFFERED, RESOLD, PLEDGED OR
TRANSFERRED EXCEPT AS PERMITTED UNDER THE ACT PURSUANT TO REGISTRATION OR EXEMPTION OR SAFE HARBOR THEREFROM.</FONT></P>

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 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 80%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">No.
 _________________ </FONT></td>
 <TD STYLE="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 20%"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">US
 $75,000.00</FONT></td></tr>
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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>2050
MOTORS, INC.</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">PROMISSORY
NOTE DUE JUNE 24, 2017</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
Note is a duly authorized issuance of<B> 2050 MOTORS, INC.,</B> a Delaware corporation (the &ldquo;Company&rdquo;) designated
as its June 2016 Note.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">FOR
VALUE RECEIVED, the Company promises to pay to<B> SOUTHRIDGE ADVISORS II LLC,</B> the registered holder hereof (the &ldquo;Holder&rdquo;),
the principal sum of Seventy Five Thousand and 00/100 Dollars (US $75,000.00), plus accrued interest in the amount of ten percent
(10%) per annum on all outstanding principal on June 24, 2017 (the &ldquo;Maturity Date&rdquo;). The Company will pay the outstanding
principal amount of this Note, plus accrued interest, in cash on the Maturity Date to the registered holder of this Note. The
wire transfer of such amount shall constitute a payment hereunder and shall satisfy and discharge the liability for principal
on this Note to the extent of the sum represented by wire transfer plus any amounts so deducted.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white">This
Note is subject to the following additional provisions:</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">1.&#9;[RESERVED]</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">2.&#9;This
Note may be transferred or exchanged only in compliance with the Securities Act of 1933, as amended (the &ldquo;Act&rdquo;), and
other applicable state and foreign securities laws.</FONT></P>

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