Exhibit 4.26
PROMISSORY NOTE
Borrower: | Ehave, Inc. of 277 Lakeshore Road East, Suite 203, Oakville, ON L6J 6J3 (the “Borrower”) | ||
Lender: | (the “Lender”), |
Principal Amount: $ USD
1. | FOR VALUE RECEIVED, The Borrower promises to pay the Lender at such address as may be provided in writing to the Borrower, the principal sum of $ _____ USD, without interest payable on the unpaid principal on demand. The Lender shall receive _________ warrants for purchase of common stock of the Borrower, with an exercise price of $0.075. The note shall rank senior to all other debt of the Company and shall be secured. The warrants shall be exercisable for a period of 5 years and provide for cashless exercise and contain price protection anti-dilution provisions. The warrants shall be issued within 5 business days from the date hereof. |
2. | Any time while not in default under this Note, the Borrower may repay the outstanding balance then owing under this Note to the Lender without further bonus or penalty. |
3. | This Note will be construed in accordance with and governed by the laws of the State of New York. |
4. | This Note will endure to the benefit of and be binding upon the representative heirs, executors, administrators, successors and assigns of the Borrower and the Lender. |
IN WITNESS WHEREOF the parties have duly affixed their signatures under seal on this 15 day of November, 2017.
SIGNED, SEALED AND DELIVERED | Ehave, Inc. | |
November 15, 2017 | Per | |
SIGNED, SEALED AND DELIVERED | ||
November 15, 2017 | Per |