ADDENDUM TO STOCK PLEDGE AGREEMENT
Exhibit
10.2
ADDENDUM
TO
ADDENDUM, dated August 18,
2008, by and between POSITRON
CORPORATION, a publicly-owned Texas corporation (the “Pledgor”) and IMAGIN MOLECULAR CORPORATION,
a publicly-owned Delaware corporation (the “Secured Party”)(collectively,
the “Parties”).
W I T N E S S E T H
WHEREAS, the Parties entered
into a Stock Pledge Agreement on April 10, 2008 (the “Agreement”) to provide
that One Hundred Million (100,000,000) shares of Pledgor’s common stock, par
value $0.01 per share (the “Pledged Securities”) secure the Pledgor’s
obligations under a Promissory Note in the original, principal amount of One
Million Three Hundred Sixty Four Thousand Dollars ($1,364,000) (the
“Note”).
WHEREAS, the Parties desire to
amend the Agreement in order that the Pledged Securities secure an additional
Promissory Note in the original, principal amount of Eight Hundred Thirty-Five
Thousand Dollars ($835,000)(“Note 2”)
IT IS AGREED THAT, the Note,
as that term is in the Agreement, is hereby amended and deemed to include Note
2, and that the Secured Party shall have all rights and privileges related to
Note 2 as to the Note as contained in the Agreement.
IN WITNESS WHEREOF, the
parties hereto have caused this Agreement to be duly executed and delivered on
the day and year first above written.
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IMAGIN
MOLECULAR CORPORATION
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By:
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XXXXX
X. XXXX,
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CHIEF
FINANCIAL OFFICER
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POSITRON
CORPORATION
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By:
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XXXXXXX
X. XXXXXX,
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CHAIRMAN
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