debt
confidence high
sentiment neutral
materiality 0.25
Nordicus Partners issues $147,000 related-party demand note to ABCHill at 6.0%
Nordicus Partners Corp
- Promissory note dated October 15, 2026 in principal amount of $147,000; interest at lesser of 6.0% per annum or maximum lawful rate, 365-day year.
- Lender ABCHill Holding ApS is wholly owned by Christian Hill-Madsen, a director of subsidiaries Orocidin A/S and Bio-Convert A/S, CEO of NP Bioinnovation A/S and COO of NoviThera ApS.
- Entire principal and accrued interest due on demand; Nordicus may prepay in whole or part without premium or penalty; payments apply first to interest, then principal.
- Default (nonpayment or bankruptcy/insolvency filing) allows lender to declare all amounts immediately due plus collection costs and reasonable attorneys' fees.
- Note sold under Section 4(a)(2) exemption to a lender with access to company information that represented investment intent; governed by California law.