WARRANTPharmchem Inc • August 11th, 2003 • Services-medical laboratories • Delaware
EXECUTION --------- SILICON VALLEY BANK LOAN AND SECURITY AGREEMENT BORROWER: PHARMCHEM, INC. ADDRESS: 4600 N. BEACH STREET HALTOM CITY, TEXAS 76137 DATE: June 26, 2003 THIS LOAN AND SECURITY AGREEMENT is entered into on the above date between SILICON...Loan and Security Agreement • August 11th, 2003 • Pharmchem Inc • Services-medical laboratories • California
RECITALSIntellectual Property Security Agreement • August 11th, 2003 • Pharmchem Inc • Services-medical laboratories • California
EXHIBIT 10.39 [PHARMCHEM INC. LETTERHEAD] June 30, 2003 VIA FEDERAL EXPRESS Mr. Richard D. Irwin 23 Wild Duck Road Wilton, CT 06897 Re: Repayment of Subordinated Promissory Note Dear Mr. Irwin: PharmChem, Inc. (the "Company") borrowed $375,000.00 (the...Pharmchem Inc • August 11th, 2003 • Services-medical laboratories
PharmChem, Inc. (the "Company") borrowed $375,000.00 (the "Loan") from you pursuant to an Unsecured Subordinated Note and Warrant Purchase Agreement dated September 19, 2001 and as evidenced by that certain Unsecured Subordinated Promissory Note for $375,000.00 dated September 21, 2001 (the "Note"). In connection with the Loan, the Company issued to you a warrant for 37,500 shares of the Company's common stock (the "Original Warrant") at an exercise price of $3.00 per share. The Company has agreed to repay the Loan prior to the original maturity date and you have agreed to accept $187,500.00 (the "Repayment Amount") as payment in full for the original principal amount of the Note, and unpaid interest thereon of $25,312.50.
EXHIBIT 10.40 [PHARMCHEM INC. LETTERHEAD] June 30, 2003 VIA FEDERAL EXPRESS Messrs. Ted Janus and Will Edwards Micro Cap Partners, L.P. 470 University Avenue Palo Alto, CA 94301 Re: Repayment of Subordinated Promissory Note- Revised Dear Messrs. Janus...Pharmchem Inc • August 11th, 2003 • Services-medical laboratories
PharmChem, Inc. (the "Company") borrowed $750,000.00 (the "Loan") from you pursuant to an Unsecured Subordinated Note and Warrant Purchase Agreement dated September 12, 2001 and as evidenced by that certain Unsecured Subordinated Promissory Note for $750,000.00 dated September 14, 2001 (the "Note"). In connection with the Loan, the Company issued to you a warrant for 75,000 shares of the Company's common stock (the "Original Warrant") at an exercise price of $3.00 per share. The Company has agreed to repay the Loan prior to the original maturity date and you have agreed to accept $375,000.00 (the "Repayment Amount") as payment in full for the original principal amount of the Note, and unpaid interest thereon of $50,625.00.
