EXHIBIT 10.34
DEBT PAYMENT AGREEMENT
FOR VALUE RECEIVED, the undersigned, Xxxxxxxxxxx Xxxx (the "Debtor")
and Lifestream Technologies, Inc. (the "Company"), hereby acknowledge and agree
that:
1. The Debtor presently owes the Company the sum of $ 100,349.16 (Notes
Receivable of $93,741.80 and Employee Advance of $6,607.36), principal
and accumulated interest, said sum being presently due and payable.
2. In further consideration of the Company's forebearance, the Company
agrees to pay said debt on extended terms in the manner following:
$500.00 on a biweekly basis, through automatic deduction from Debtor's
paychecks. Refer to schedule of payments, Appendix A.
3. In the event the Debtor fails to make any payments punctually on the
agreed extended terms, the Company shall have full rights to proceed
for the collection of the entire balance then remaining.
4. This agreement shall be binding upon and inure to the benefit of the
parties, their successors, assigns and personal representatives.
Signed this 16th day of August, 2001.
/s/ Xxxxxxxxxxx Xxxx
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Xxxxxxxxxxx Xxxx
/s/ Xxxxx Xxxxxx
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Lifestream Technologies, Inc.,
By Xxxxx Xxxxxx, CFO
/s/ Xxxxxx Xxxxx
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Witness:
Xxx Xxxxx, Secretary/Treasurer
Lifestream Technologies, Inc.
