Exhibit 10.11
PROMISSORY NOTE
USD $150,000.00
Date: April 14th, 2026
FOR VALUE RECEIVED, Global Impx, Inc., a Delaware corporation having its address at 131 Continental Drive, Suite 305, Newark, Delaware 19713 (the “Borrower”), hereby promises to pay to AstraBridge Inc., a Wyoming corporation having its registered office at 30 N Gould St, Ste R, Sheridan, WY 82801 (the “Lender”), the principal sum of USD $150,000, (One hundred fifty thousand only) (the “Loan Amount”), together with interest as set forth below.
| 1. | Background |
The Borrower and Lender acknowledge that:
| · | The Lender had previously advanced an aggregate amount of USD $730,000 to the Borrower under prior loan arrangements; and |
| · | Pursuant to a conversion approved by the Lender and the Borrower, such amount has been fully converted into equity of the Borrower, and stands extinguished as debt. |
| · | The present advance is a separate, short-term funding support extended by the Lender to the Borrower for immediate working capital and operational requirements. |
| 2. | Interest |
| · | The Loan shall carry interest at 14% per annum (simple interest). |
| · | Interest shall be computed on the basis of a 360-day year and actual days elapsed. |
| 3. | Processing Fee |
| · | A one-time processing fee of 1% of the Loan Amount (i.e., USD $1,500) shall be payable upfront or may, at the Lender’s option, be deducted from the disbursement. |
| 4. | Tenure and Maturity |
| · | The Loan shall have a maximum tenure of 90 days from the date of disbursement. |
| · | The entire outstanding principal along with accrued interest and fees shall be due and payable on the Maturity Date. |
| 5. | Prepayment |
| · | The Borrower may prepay the Loan, in whole or in part, at any time without any prepayment penalty. |
| · | All accrued interest up to the date of prepayment shall be payable. |
| 6. | Penal Interest (Default Interest) |
| · | Upon occurrence of an Event of Default, the outstanding amounts shall carry penal interest at 6% per annum over and above the applicable rate, i.e., 20% p.a., from the date of default until payment. |
| 7. | Payments |
| · | No interim payments are required. |
| · | All amounts (principal, interest, fees) shall be payable in full at maturity unless prepaid earlier. |
| 8. | Use of Proceeds |
The Loan shall be used for working capital and general corporate purposes of the Borrower.
| 9. | Events of Default |
Each of the following shall constitute an Event of Default:
| · | Failure to repay principal or interest on the due date; |
| · | Breach of any material term of this Note; |
| · | Insolvency, bankruptcy, or similar proceedings; |
Upon default, the Lender may declare all amounts immediately due and payable.
| 10. | Governing Law |
This Note shall be governed by the laws of the State of Delaware.
| 11. | Miscellaneous |
| · | This Note represents a standalone facility and does not modify prior converted instruments. |
| · | No amendment shall be valid unless in writing and signed by both parties. |
IN WITNESS WHEREOF
BORROWER
Global Impx, Inc.
| | | |
| By: | | |
| Name: | Mahesh choudhury | |
| Title: | Person | |
LENDER
AstraBridge Inc.
| | | |
| By: | | |
| Name: | Suneetha R Yerraoddi | |
| Title: | President | |