13/09/2023, 19:43 Promissory Note | Free Promissory Note Template (UK) | LawDepot

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PROMISSORY NOTE
(this "Note")

Borrower: ____________________ of ______________________________________ (the "Borrower")

Lender: ____________________ of ______________________________________ (the "Lender")

Principal Amount: £_____________ GBP

1. FOR VALUE RECEIVED, The Borrower promises to pay to the Lender at such address as may be provided in writing to the
Borrower, the principal sum of £_____________ GBP, without interest payable on the unpaid principal, beginning on 13
September 2023.

2. This Note will be repaid in consecutive monthly instalments commencing on 13 September 2023 and continuing on the
thirteenth of each following month until 13 September 2023 with the balance then owing under this Note being paid at that
time.

3. At any time while not in default under this Note, the Borrower may pay the outstanding balance then owing under this Note to
the Lender without further bonus or penalty.

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13/09/2023, 19:43 Promissory Note | Free Promissory Note Template (UK) | LawDepot
4 Notwithstanding anything to the contrary in this Note if the Borrower defaults in the performance of any obligation under this

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