Exhibit 3.5
ONE YEAR PROMISSORY NOTE
Date: 5/1/26
Principal Amount: $182,000.00
Parties
Lender: GroEstate I, LLC (“GroEstate”)
Borrower: Amber Cloud, NV (“Amber”)
| 1. | Principal and Interest |
For value received, AMBER promises to pay GroEstate the principal sum of $182,000.00, together with interest thereon at the rate of 10% per annum, payable quarterly in arrears.
| 2. | Term |
This Note shall mature one (1) year from the date hereof (the “Maturity Date”). On the
Maturity Date, all unpaid principal and accrued but unpaid interest shall be immediately due and payable.
| 3. | Use of Funds |
The proceeds of this Note shall be used by Amber solely for the purchase of growing equipment such as lights and greenhouse equipment for Jones Farms.
| 4. | Conversion |
This Note, together with accrued interest, may be incorporated into and converted under a contemplated financing to be provided by GroEstate to Amber for the purchase of growing equipment and/or working capital purposes, upon terms mutually acceptable to both parties.
| 5. | Collateral |
This Note shall be secured by the assets of Amber.
| 6. | Default |
If Amber fails to make any payment when due, or otherwise defaults under the terms of this Note, GroEstate may declare the entire unpaid principal and accrued interest immediately due and payable.
| 7. | Governing Law |
This Note shall be governed by and construed in accordance with the laws of the State of Delaware.
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| 8. | Signatures |
Lender: GroEstate LLC.
By: /s/ Dean Medwid
Name: Dean Medwid
Title: Chief Executive Officer
Borrower: Amber Cloud NV
By: /s/ Madison Cope
Name: Madison Cope
Title: Managing Member
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