Attached files
file |
filename |
S-1 - REGISTRATION STATEMENT ON FORM S1 - Signal Advance Inc | RS_S1_SAI.txt |
EX-10 - LEASE AGREEMENT - Signal Advance Inc | EX-10.1_Lease_Agrmt.txt |
EX-10 - INTELLECTUAL PROPERTY ASSIGNMENT - Signal Advance Inc | EX-10.4_IP_Assignment.txt |
EX-10 - CONSULTING AGREEMENT - Signal Advance Inc | EX-10.3_Consulting_Agreement.txt |
EX-23 - CONSENT - AUDITOR, BOBBY J HUTTON - Signal Advance Inc | EX-23.1_Consent_Auditor.txt |
EX-14 - CODE OF ETHICS - Signal Advance Inc | EX-14.1_Code_of_Ethics.txt |
EX-23 - CONSENT - ATTORNEY, RICHARD C SELTZER - Signal Advance Inc | EX-23.2_Consent_Atty.txt |
EX-23 - CONSENT - CONSULTANT, DR RUSSELL - Signal Advance Inc | EX-23.3_Consent_Consultant.txt |
EX-23 - CONSENT - PATENT ATTORNEY, DAVID HENRY - Signal Advance Inc | EX-23.4_Consent_Patent_Atty.txt |
EX-3 - ARTICLES OF INCORPORATION - JUL02 - Signal Advance Inc | EX-3.1_Art_of_Inc_JUL_92.txt |
EX-3 - ARTICLES OF AMENDMENT - SEP04 - Signal Advance Inc | EX-3.2_Art_of_Amend_SEP_04.txt |
EX-3 - ARTICLES OF AMENDMENT - JUL05 - Signal Advance Inc | EX-3.3_Art_of_Amend_JUL_05.txt |
EX-3 - ARTICLES OF AMENDMENT - JUN07 - Signal Advance Inc | EX-3.4_Art_of_Amend_JUN_07.txt |
EX-3 - CORPORATE BYLAWS - Signal Advance Inc | EX-3.6_Bylaws_of_Registrant.txt |
EX-99 - EXPERT OPINION, DAVID HENRY - Signal Advance Inc | EX-99.1_Opinion_DG_Henry.txt |
EX-99 - EXPERT OPINION, DR RUSSELL - Signal Advance Inc | EX-99.2_Opinion_H_Russell.txt |
EX-99 - LETTER OF COLLABORATION - DR MICHELETTI - Signal Advance Inc | EX-99.3_Collab_UTMB_Health.txt |
EX-99 - LETTER OF COLLABORATION - DR SINENCIO- SANCHEZ - Signal Advance Inc | EX-99.4_Collab_TAMU_ECE.txt |
EX-99 - LETTER OF COLLABORATION - DR SHIH - Signal Advance Inc | EX-99.5_Collab_Dr_Shih.txt |
EX-3 - ARTICLES OF AMENDMENT - JUL11 - Signal Advance Inc | EX-3.5_Art_of_Amend_JUL_11.txt |
EX-99 - 5TH DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.10_5th_Draft_Reg_Stmt.txt |
EX-99 - 1ST DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.6_1st_Draft_Reg_Stmt.txt |
EX-99 - 2ND DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.7_2nd_Draft_Reg_Stmt.txt |
EX-99 - 3RD DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.8_3rd_Draft_Reg_Stmt.txt |
EX-99 - 4TH DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.9_4th_Draft_Reg_Stmt.txt |
EX-99 - 6TH DRAFT - CONFIDENTIAL DRAFT REGISTRATION STATEMENT ON FORM S1 FOR SIGNAL ADVANCE, INC. WITH EXHIBITS - Signal Advance Inc | EX-99.11_6th_Draft_Reg_Stmt.txt |
EX-5 - LEGAL OPINION - VALIDITY OF STOCK - RICHARD C SELTZER - Signal Advance Inc | EX-5.1_Legal_Opinion_Stock.txt |
EXHIBIT 10.2 - Line of Credit Promissory Note
LINE OF CREDIT PROMISSORY NOTE
One Hundred Fifty Thousand Dollars ($150,000)
Effective Date: January 4, 2002
FOR VALUE RECEIVED, Biodyne, Inc., ("Borrower"), a Texas corporation,
promises to pay to the order of Chris M. Hymel, ("Lender"), the principal sum
of One Hundred Fifty Thousand Dollars ($150,000), or so much thereof as may
be disbursed to, or for, the benefit of the Borrower by Lender in Lender's
sole and absolute discretion. It is the intent of the Borrower and Lender
hereunder to create a line of credit agreement between Borrower and Lender
whereby Borrower may borrow up to $150,000 from Lender; provided, however,
that Lender has no obligation to lend Borrower any amounts hereunder and the
decision to lend such money lies in the sole and complete discretion of the
Lender.
INTEREST & PRINCIPAL: The unpaid principal of this line of credit shall bear
simple interest at the rate of 2.5 percent (2.5%) per quarter. Interest shall
be calculated based on the principal balance as may be adjusted from time to
time to reflect additional advances made hereunder. Interest on the unpaid
balance of this Note shall accrue quarterly but shall not be due and payable
until such time as when the principal balance of this Note becomes due and
payable. All outstanding and unpaid principal and all accrued and unpaid
interest shall be due and payable to Payee on the fourth (4th) anniversary
date of this Note, but in no event later than January 15, 2006. This Note may
be renewed and extended at the option of the Payee on the fourth (4th)
anniversary date. There shall be no penalty for early repayment of all or any
part of the principal.
SECURITY: To secure the indebtedness arising out of the "Line of Credit", the
Borrower grants to the Lender a lien and security interest in the corporate
assets located in Brazoria County, Texas, and rights to payment and receipt
of money relating to its accounts receivables (the "Receivables") and the
cash proceeds thereof.
DEFAULT: The Borrower shall be in default of this Note on the occurrence of
any of the following events: (i) the Borrower shall fail to meet its
obligation to make the required principal or interest payments hereunder.
(ii) the Borrower shall be dissolved or liquidated; (iii) the Borrower shall
make an assignment for the benefit of creditors or shall be unable to, or
shall admit in writing their inability to pay their debts as they become due;
(iv) the Borrower shall commence any case, proceeding, or other action under
any existing or future law of any jurisdiction relating to bankruptcy,
insolvency, reorganization or relief of debtors, or any such action shall be
commenced against the undersigned; (v) the Borrower shall suffer a receiver
to be appointed for it or for any of its property or shall suffer a
garnishment, attachment, levy or execution.
REMEDIES: Upon default of this Note, Lender may declare the entire amount due
and owing hereunder to be immediately due and payable. Lender may also use
all remedies in law and in equity to enforce and collect the amount owed
under this Note.
Borrower hereby waives demand, presentment, notice of dishonor, diligence in
collecting, grace and notice of protest.
BORROWER:
For Biodyne, Inc.
/s/ Malcolm Skolnick
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Malcolm Skolnick, Secretar