EXHIBIT 10.55
-------------
EXTENDED AGREEMENT BETWEEN URO-TECH, LTD. ("URO-TECH")
AND
POSITRON CORPORATION ("POSITRON")
This extension of the agreement between Positron Corporation and Uro-Tech, Ltd.
will have the following conditions:
Extension Term: Seventy-nine (79) days from date of original
-------------- expiration (April 30, 1997) of the Loan Agreement.
Loan Amount: A line of credit of up to $663,000.
-----------
Interest: Prime + 1%
--------
Collateral: As specified in the original agreement and amended
---------- by the Inter-creditor agreement with ProFutures
Bridge Capital Fund, L.P. and Boston Financial &
Equity Corporation.
Subordination: As specified in the original agreement and amended
------------- by the Inter-creditor Agreement with ProFutures
Bridge Capital Fund, L.P. and Boston Financial &
Equity Corporation.
If the foregoing is acceptable to Uro-Tech, Ltd., please respond by signing this
extension letter in the space provided below.
URO-TECH POSITRON CORPORATION
By: /s/ Xxxx X. Xxxx, Ph.D. By: /s/ Xxxxx X. Xxxxxxxx
------------------------------- -------------------------------
Xxxx X. Xxxx Xxxxx X. Xxxxxxxx
Chief Financial Officer
