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EXHIBIT 10.41
ILEX ONCOLOGY, INC.
PROMISSORY NOTE
AND
AGREEMENT
$200,000.00 San Antonio, Texas
FOR VALUE RECEIVED, the undersigned promises to pay to Ilex Oncology,
Inc. ("ILEX") or order, at 00000 XX 00 Xxxx, Xxxxx 000, Xxx Xxxxxxx, Xxxxx
00000-0000, the sum of Two Hundred Thousand and 00/100 dollars ($200,000.00),
without interest. Principal shall be payable on the earlier of (1) when the
undersigned should sell, convey or alienate his interest in the property
located at 000 Xxxxx Xxxx, Xxx Xxxxxxx, Xxxxx 00000 or any part thereof, or
shall be divested of his title or any interest therein any manner or way,
whether voluntarily or involuntarily; or (2) when the undersigned ceases
to be an employee of ILEX; or (3) within one month after the undersigned
completes the sale of his property located at 000 Xxxxxxx Xxxxx, Xxxxxxxxx,
Xxxxxxxxxx 00000; or (4) six (6) months after the date on which this agreement
is signed by the undersigned.
The undersigned agrees to cooperate fully with ILEX in causing this
note to be recorded by the County Recorder's Office as a lien on the San
Antonio, Texas property described above.
ILEX agrees to execute a subordination agreement in the event the
undersigned refinances the mortgage on the San Antonio, Texas property
described above.
Should this note or any portion thereof be referred to an attorney for
collection, a reasonable attorney's fee shall be owed by the undersigned.
Principal shall be payable in lawful money of the United States of America.
/s/ XX X. XXXXXXXX
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XX X. XXXXXXXX
Sept 10, 1999
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DATE