DEMAND NOTEDemand Note • February 18th, 1997 • Source Scientific Inc • Electromedical & electrotherapeutic apparatus
FOR VALUE RECEIVED, the undersigned, SOURCE SCIENTIFIC, INC., a California corporation, with a principal place of business at 7390 Lincoln Way, Garden Grove, California 92641 ("Maker"), hereby promises to pay on demand to the order of Boston Biomedica, Inc., a Massachusetts corporation with a principal place of business at 375 West Street, West Bridgewater, Massachusetts 02379 ("Lender"), the sum of Five Hundred Thousand ($500,000) dollars, the amount advanced under the Business Loan and Security Agreement between Maker and Lender of even date (the "Loan and Security Agreement"), together with interest on the unpaid principal amount from time to time outstanding prior to maturity at a rate per annum equal to fifteen (15%) percent. Interest accruing on the unpaid principal balance hereof shall be payable monthly in advance until such unpaid principal balance shall be paid in full, the first such payment of interest being payable on March 1, 1997, and subsequent payments being payable on
500,000 February 4, 1997 1. PREAMBLE. Business Term Loan and Security/Subordination Agreement by and between Source Scientific, Inc., a California corporation with its principal place of business at 7390 Lincoln Way, Garden Grove, California 92641...Business Loan and Security/Subordination Agreement • February 18th, 1997 • Source Scientific Inc • Electromedical & electrotherapeutic apparatus • Massachusetts
AGREEMENTLoan Agreement • February 18th, 1997 • Source Scientific Inc • Electromedical & electrotherapeutic apparatus
