# Promissory Note and Loan Agreement
> This is a self-help form for Hashed.ink, not legal advice. The platform does not represent you, lend money, hold collateral, or underwrite credit. For advice, customization, usury limits, secured-transaction perfection, tax, or representation, consult a licensed attorney in the governing jurisdiction.
## Parties
This Promissory Note and Loan Agreement (the "**Agreement**") is entered into as of **[EFFECTIVE_DATE]** by and between:
| Role | Legal name | Contact / wallet (if any) | | --- | --- | --- | | **Lender** | [LENDER_LEGAL_NAME] | [LENDER_EMAIL] / [LENDER_WALLET] | | **Borrower** | [BORROWER_LEGAL_NAME] | [BORROWER_EMAIL] / [BORROWER_WALLET] |
Optional **Arbiter** (escrow disputes only, if appointed): [ARBITER_NAME] / [ARBITER_WALLET]
## 1. Loan
Subject to the terms of this Agreement, Lender agrees to advance, and Borrower agrees to repay, the following loan (the "**Loan**"):
| Field | Value | | --- | --- | | Principal amount | [PRINCIPAL_AMOUNT] | | Currency / token | [CURRENCY_OR_TOKEN] (e.g., USDC) | | Chain (if onchain) | [CHAIN] | | Funding method | [WIRE / WALLET_TRANSFER / HASHED_INK_ESCROW] | | Funding date / window | [FUNDING_DATE_OR_WINDOW] | | Purpose (optional) | [LOAN_PURPOSE] |
Borrower acknowledges receipt of the Principal when funds are received in the manner stated above (including release from Hashed.ink escrow to Borrower's designated wallet, if used).
## 2. Interest and fees
| Field | Value | | --- | --- | | Interest rate | [INTEREST_RATE] per [YEAR / PERIOD] | | Interest type | [SIMPLE / COMPOUND — DESCRIBE] | | Accrual start | [ACCRUAL_START] | | Default interest (if any) | [DEFAULT_RATE] | | Origination or other fees | [FEES] |
Interest and fees are subject to applicable law. If any stated rate exceeds the maximum permitted by law, it is automatically reduced to that maximum.
## 3. Maturity and repayment schedule
| Field | Value | | --- | --- | | Maturity date | [MATURITY_DATE] | | Payment schedule | [ONE_TIME / AMORTIZING / INTEREST_ONLY / MILESTONE] | | Payment amounts / dates | [PAYMENT_SCHEDULE] | | Prepayment | [ALLOWED / WITH FEE / NOT ALLOWED] — [PREPAYMENT_TERMS] | | Place / rail of repayment | [REPAYMENT_WALLET_OR_ACCOUNT] on [CHAIN_OR_RAIL] |
**Milestone repayment (optional).** If repayment is milestone-based, list milestones below. Amounts should sum to Principal plus accrued interest and fees as the parties intend:
| # | Milestone / trigger | Amount | Due / release date | | --- | --- | --- | --- | | 1 | [MILESTONE_1_LABEL] | [MILESTONE_1_AMOUNT] | [MILESTONE_1_DATE] | | 2 | [MILESTONE_2_LABEL] | [MILESTONE_2_AMOUNT] | [MILESTONE_2_DATE] | | 3 | [MILESTONE_3_LABEL] | [MILESTONE_3_AMOUNT] | [MILESTONE_3_DATE] |
## 4. Hashed.ink escrow (optional)
The parties **[WILL / WILL NOT]** use Hashed.ink non-custodial USDC escrow after dual-party attestation of the final PDF of this Agreement.
If used:
- Escrow factory / deal terms are negotiated and mutually approved in the Hashed.ink workspace linked to this agreement record. - Escrow may hold Principal for disbursement to Borrower and/or hold repayment tranches for release to Lender according to the milestones and timelocks the parties approve on-chain. - Hashed.ink never holds private keys or custodial title to funds; smart-contract and wallet risk remain with the parties. - An optional arbiter wallet may be appointed only by mutual written (or attested) agreement.
This section does not replace a separate EscrowTerms draft if the workspace requires one; that draft, once mutually approved and deployed, is incorporated by reference to the extent consistent with this Agreement.
## 5. Collateral (optional)
The Loan is **[UNSECURED / SECURED]**.
If secured, Borrower (or the designated collateral poster) grants Lender a security interest in the following collateral (the "**Collateral**"):
| Field | Value | | --- | --- | | Collateral description | [COLLATERAL_DESCRIPTION] | | Token / asset contract (if ERC-20 or similar) | [COLLATERAL_TOKEN_ADDRESS] | | Amount / quantity | [COLLATERAL_AMOUNT] | | Decimals / symbol (if token) | [COLLATERAL_DECIMALS] / [COLLATERAL_SYMBOL] | | Poster | [LENDER / BORROWER / THIRD_PARTY] — [POSTER_WALLET] | | Custody / lock method | [HASHED_INK_ESCROW_COLLATERAL / OTHER] | | Release conditions | [COLLATERAL_RELEASE_CONDITIONS] | | Enforcement on default | [ENFORCEMENT_TERMS] |
**Perfection and priority.** Onchain lock alone may not perfect a security interest under the Uniform Commercial Code or other law. Parties should obtain counsel on UCC-1 / local filings, control agreements, and priority before relying on Collateral.
## 6. Representations
Each party represents that:
1. It has legal capacity and authority to enter into this Agreement; 2. Entering into and performing this Agreement does not violate law or another binding obligation known to that party; 3. Any wallet address it designates is controlled by it (or by a custodian under a disclosed arrangement); 4. It has had the opportunity to seek independent legal and tax advice.
Borrower further represents that the Loan proceeds will be used as stated in Section 1 (if a purpose is stated) and that information provided to Lender in connection with the Loan is true and complete in all material respects.
## 7. Events of default
An "**Event of Default**" occurs if:
1. Borrower fails to pay Principal, interest, or fees when due and the failure continues beyond any stated grace period: **[GRACE_PERIOD]**; 2. Borrower materially breaches this Agreement and fails to cure within **[CURE_PERIOD]** after notice; 3. Borrower becomes insolvent, makes an assignment for creditors, or becomes subject to bankruptcy or similar proceedings that are not dismissed within **[BANKRUPTCY_CURE_PERIOD]**; 4. Optional: **[ADDITIONAL_DEFAULTS]**.
Upon an Event of Default, Lender may declare all outstanding amounts immediately due and payable, and may exercise Collateral and escrow remedies to the extent permitted by this Agreement, the deployed escrow terms, and applicable law.
## 8. Notices
Notices under this Agreement may be given to the emails listed above, or to successor contacts the parties attest in Hashed.ink. Onchain escrow and wallet events do not replace required legal notices where law requires another form.
## 9. Governing law and disputes
| Field | Value | | --- | --- | | Governing law | [GOVERNING_LAW_STATE_OR_COUNTRY] | | Dispute forum / process | [COURT / ARBITRATION / OTHER] — [FORUM_DETAILS] |
## 10. Entire agreement; amendments; counterparts
This Agreement (including any mutually approved Hashed.ink escrow terms and final PDF exhibits) is the entire agreement on its subject matter and supersedes prior negotiations on that subject. Amendments require mutual written or dually attested agreement. Electronic / wallet attestation of the final PDF in Hashed.ink is intended as an original signature for evidentiary purposes under applicable e-sign law, without creating an attorney-client relationship with Hashed.ink or Meridian.
## 11. Signatures
**Lender** Name / title: ______________________________ Signature / wallet attestation: ______________________________ Date: ________
**Borrower** Name / title: ______________________________ Signature / wallet attestation: ______________________________ Date: ________
**Arbiter (if appointed)** Name: ______________________________ Signature / wallet attestation: ______________________________ Date: ________
## Disclaimers
Not legal advice. Hashed.ink provides agreement tooling, attestation, timestamping, and optional non-custodial escrow infrastructure. It is not a bank, broker-dealer, lender, money transmitter, or law firm. Each party is solely responsible for compliance with lending, usury, securities, sanctions, tax, and consumer-protection rules that may apply to this Loan.