EXHIBIT 10.17
Note 1
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on March 15, 1990, Xxx Pharmaceuticals ("Maker") and Xxxxx X. Xxx,
Xx. ("Holder") entered into an agreement ("Note") whereby Xxx Pharmaceuticals
was to pay to Xxxxx Xxx the sum of One Hundred Ninety Three Thousand Dollars;
and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from November 15, 1999,
until January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
-----------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
-----------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 2
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on March 15, 1993, Xxx Pharmaceuticals ("Maker") and Xxxxx X. Xxx,
Xx. ("Holder") entered into an agreement ("Note") whereby Xxx Pharmaceuticals
was to pay to Xxxxx Xxx the sum of Three Hundred Seventy One Thousand Three
Hundred Thirty Four Dollars; and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from March 15, 1993, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
-----------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
-----------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 3
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on December 2, 1993, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of One Hundred Thousand Dollars;
and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from February 14, 1997,
until January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
-----------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
-----------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 4
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on January 26, 1994, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of Fifty Thousand Dollars; and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from January 26, 1997, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
---------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
---------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 5
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on January 26, 1994, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of One Hundred Thousand Dollars;
and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from January 28, 1997, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
-----------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
-----------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 6
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on January 26, 1994, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of One Hundred Thousand Dollars;
and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from January 28, 1997, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 7
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on September 29, 1994, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of One Hundred Fifty Thousand
Dollars; and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from January 28, 1998, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
--------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
--------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 8
MODIFICATION TO PROMISSORY NOTE
WHEREAS, on December 23, 1994, Xxx Pharmaceuticals ("Maker") and Xxxxx X.
Xxx, Xx. ("Holder") entered into an agreement ("Note") whereby Xxx
Pharmaceuticals was to pay to Xxxxx Xxx the sum of Two Hundred Fifty Thousand
Dollars; and
WHEREAS, the parties thereto desire to modify said note,
NOW, THEREFORE, the parties modify said note as follows:
1. The maturity date of the note is extended from June 30, 1998, until
January 1, 2005.
2. This note may be extended for an additional five years beyond the
maturity date at the option of Xxx Pharmaceuticals.
3. All other terms and conditions of the note remain the same.
XXXXXX X. XXX
-------------------------------
Xxx Pharmaceuticals
By: Xxxxxx X. Xxx, President
XXXXX X. XXX, XX.
-------------------------------
Xxxxx X. Xxx, Xx.
EXHIBIT 10.17
Note 9
STRAIGHT NOTE
$250,000.00 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxx Foundation
or order, at South El Monte, California the sum of TWO HUNDRED AND FIFTY
THOUSAND DOLLARS, with interest from February 12, 1992 on unpaid principal at
the rate of Imperial Bank Prime Rate per cent per annum; principal payable on
January 1, 2005. Interest shall be calculated on the basis of the unpaid
principal balance daily, based on a 365 day year, actual day month, payable
monthly. Principal and interest shall be payable in lawful money of the
United States. If action be instituted on this note, I promise to pay such
sum as the Court may fix as attorney's fees. At Xxx Pharmaceuticals option
this note could be extended for an additional five years beyond the above
maturity date. This note is secured by the product brand. This note
replaces another note dated February 12, 1992, which is the reason interest
runs from February 12, 1992.
January 3, 1995 XXXXXX X. XXX
-------------------------- -----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
-------------------------- -----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 10
STRAIGHT NOTE
$150,000.00 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxx Foundation
or order, at South El Monte, California the sum of ONE HUNDRED AND FIFTY
THOUSAND DOLLARS, with interest from February 12, 1992, on unpaid principal
at the rate of Imperial Bank Prime Rate per cent per annum; principle payable
on January 1, 2005. Interest shall be calculated on the basis of the unpaid
principal balance daily, based on a 365 day year, actual day month, payable
monthly. Principal and interest shall be payable in lawful money of the
United States. If action be instituted on this note, I promise to pay such
sum as the Court may fix as attorney's fees. At Xxx Pharmaceuticals option
this note could be extended for an additional five years beyond the above
maturity date. This note is secured by the product brand. This note
replaces another note dated February 12, 1992, which is the reason interest
runs from February 12, 1992.
January 3, 1995 XXXXXX X. XXX
------------------------ ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------ ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 11
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
---------------
For value received, Xxx Pharmaceuticals promises to pay Xxxxxxxxx
Xxxxxxxxxx or order, at South El Monte, California the sum of TEN THOUSAND
DOLLARS, with interest from January 1, 1992, on unpaid principal at the rate of
Imperial Bank Prime Rate per cent per annum; principal payable on January 1,
2005. Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal and
interest shall be payable in lawful money of the United States. If action be
instituted on this note, I promise to pay such sum as the Court may fix as
attorney's fees. At Xxx Pharmaceuticals option this note could be extended for
an additional five years beyond the above maturity date. This note is secured
by the product brand. This note replaces another note dated December 26, 1991,
which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 12
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
----------------
For value received, Xxx Pharmaceuticals promises to pay Xxxxx Xxx
Karazissis or order, at South El Monte, California the sum of TEN THOUSAND
DOLLARS, with interest from January 1, 1992, on unpaid principal at the rate of
Imperial Bank Prime Rate per cent per annum; principal payable on January 1,
2005. Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal and
interest shall be payable in lawful money of the United States. If action be
instituted on this note, I promise to pay such sum as the Court may fix as
attorney's fees. At Xxx Pharmaceuticals option this note could be extended for
an additional five years beyond the above maturity date. This note is secured
by the product brand. This note replaces another note dated December 26, 1991,
which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 13
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
--------------------
For value received, Xxx Pharmaceuticals promises to pay Xxxxxxxxxx
Xxxxxxxxxx or order, at South El Monte, California the sum of TEN THOUSAND
DOLLARS, with interest from January 1, 1992, on unpaid principal at the rate of
Imperial Bank Prime Rate per cent per annum; principal payable on January 1,
2005. Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal and
interest shall be payable in lawful money of the United States. If action be
instituted on this note, I promise to pay such sum as the Court may fix as
attorney's fees. At Xxx Pharmaceuticals option this note could be extended for
an additional five years beyond the above maturity date. This note is secured
by the product brand. This note replaces another note dated December 26, 1991,
which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 14
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
---------------
For value received, Xxx Pharmaceuticals promises to pay Xxxx Xxxxxxxxxx or
order, at South El Monte, California the sum of TEN THOUSAND DOLLARS, with
interest from January 1, 1992, on unpaid principal at the rate of Imperial Bank
Prime Rate per cent per annum; principal payable on January 1, 2005. Interest
shall be calculated on the basis of the unpaid principal balance daily, based on
a 365 day year, actual day month, payable monthly. Principal and interest shall
be payable in lawful money of the United States. If action be instituted on
this note, I promise to pay such sum as the Court may fix as attorney's fees.
At Xxx Pharmaceuticals option this note could be extended for an additional five
years beyond the above maturity date. This note is secured by the product
brand. This note replaces another note dated December 26, 1991, which is the
reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------- ----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 15
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxxxxx
Xxxxxxxxxx or order, at South El Monte, California the sum of TEN THOUSAND
DOLLARS, with interest from January 1, 1992, on unpaid principal at the rate
of Imperial Bank Prime Rate per cent per annum; principal payable on January
1, 2005. Interest shall be calculated on the basis of the unpaid principal
balance daily, based on a 365 day year, actual day month, payable monthly.
Principal and interest shall be payable in lawful money of the United States.
If action be instituted on this note, I promise to pay such sum as the Court
may fix as attorney's fees. At Xxx Pharmaceuticals option this note could be
extended for an additional five years beyond the above maturity date. This
note is secured by the product brand. This note replaces another note dated
December 26, 1991, which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
--------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
--------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 16
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Megan Xxx Xxx
or order, at South El Monte, California the sum of TEN THOUSAND DOLLARS, with
interest from January 1, 1992, on unpaid principal at the rate of Imperial
Bank Prime Rate per cent per annum; principal payable on January 1, 2005.
Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal
and interest shall be payable in lawful money of the United States. If
action be instituted on this note, I promise to pay such sum as the Court may
fix as attorney's fees. At Xxx Pharmaceuticals option this note could be
extended for an additional five years beyond the above maturity date. This
note is secured by the product brand. This note replaces another note dated
December 26, 1991, which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
--------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
--------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 17
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxxxx X. Xxx XX
or order, at South El Monte, California the sum of TEN THOUSAND DOLLARS, with
interest from January 1, 1992, on unpaid principal at the rate of Imperial
Bank Prime Rate per cent per annum; principal payable on January 1, 2005.
Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal
and interest shall be payable in lawful money of the United States. If
action be instituted on this note, I promise to pay such sum as the Court may
fix as attorney's fees. At Xxx Pharmaceuticals option this note could be
extended for an additional five years beyond the above maturity date. This
note is secured by the product brand. This note replaces another note dated
December 26, 1991, which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
----------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
----------------------- ------------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 18
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxxxxx Xxx or
order, at South El Monte, California the sum of TEN THOUSAND DOLLARS, with
interest from January 1, 1992, on unpaid principal at the rate of Imperial
Bank Prime Rate per cent per annum; principal payable on January 1, 2005.
Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal
and interest shall be payable in lawful money of the United States. If
action be instituted on this note, I promise to pay such sum as the Court may
fix as attorney's fees. At Xxx Pharmaceuticals option this note could be
extended for an additional five years beyond the above maturity date. This
note is secured by the product brand. This note replaces another note dated
December 26, 1991, which is the reason interest runs from January 1, 1992.
January 3, 1995 XXXXXX X. XXX
---------------------------- ---------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
---------------------------- ---------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
EXHIBIT 10.17
Note 19
STRAIGHT NOTE
$10,000 South El Monte, California January 1, 1995
For value received, Xxx Pharmaceuticals promises to pay Xxxxxx X. Xxx
or order, at South El Monte, California the sum of TEN THOUSAND DOLLARS, with
interest from November 22, 1993, on unpaid principal at the rate of Imperial
Bank Prime Rate per cent per annum; principal payable on January 1, 2005.
Interest shall be calculated on the basis of the unpaid principal balance
daily, based on a 365 day year, actual day month, payable monthly. Principal
and interest shall be payable in lawful money of the United States. If
action be instituted on this note, I promise to pay such sum as the Court may
fix as attorney's fees. At Xxx Pharmaceuticals option this note could be
extended for an additional five years beyond the above maturity date. This
note is secured by the product brand. This note replaces another note dated
November 22, 1993, which is the reason interest runs from November 22, 1993.
January 3, 1995 XXXXXX X. XXX
------------------------- -----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxx X. Xxx
January 3, 1995 XXXXXXX X. XXXXXXX
------------------------- -----------------------------------------
Date Xxx Pharmaceuticals - Xxxxxxx X. Xxxxxxx
