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EXHIBIT 10.42
[IMPLANT SCIENCES CORPORATION LOGO]
LOAN AGREEMENT
Received From: Implant Sciences Corporation
Received By: ----------------------------
Date: January 7, 0000
Xxxxxx: $
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Implant Sciences Corporation lends to _____________ $ ______ (____________
dollars) for the exclusive purpose of exercising _________ of his stock options
at $ ______ per share. The simple interest rate is 6% per annum. The entire
principal and accumulated interest are due and payable within three years. I
understand that if I do not repay this loan obligation on or before January 7,
2002, the Company has the ability to recover this loan by attaching my personal
assets.
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Xxxxxxx X. Xxxxxxx-Xxxxx
Vice President & Chief Financial
Officer
Implant Sciences Corporation
LENDER
BORROWER
-------------------------------- ------------------------------------
Date Date
000 Xxxxxxx Xxxx, #0 * Xxxxxxxxx, Xxxxxxxxxxxxx 00000-0000
Telephone (000) 000-0000 * Facsimile (000) 000-0000
Web Site: xxx.xxxxxxxxxxxxxxx.xxx
