REVOLVING LINE OF CREDIT AGREEMENT by and between BIOTIME, INC. as “Borrower” and ALFRED D. KINGSLEY, CYNDEL & CO., INC., AND GEORGE KARFUNKEL as “Lenders” Dated as of April 12, 2006Revolving Line of Credit Agreement • April 17th, 2006 • Biotime Inc • Biological products, (no disgnostic substances) • California
This Revolving Line of Credit Agreement (“Credit Agreement”) is made and entered into as of April 12, 2006, by and between Alfred D. Kingsley, Cyndel & Co., Inc. and George Karfunkel (each a “Lender,” and collectively “Lenders”), and BioTime, Inc., a California corporation (“Borrower”).
REVOLVING CREDIT NOTEBiotime Inc • April 17th, 2006 • Biological products, (no disgnostic substances)
FOR VALUE RECEIVED, the undersigned, BioTime, Inc., a California corporation (Borrower”) hereby promises to pay to the order of ___(“Lender”) the principal sum of ONE HUNDRED SIXTY-SIX THOUSAND SIX HUNDRED SIXTY-SIX DOLLARS and SIXTY-SEVEN CENTS ($166,666.67) or such lesser amount as may from time to time be outstanding as the Loan pursuant to that certain Revolving Line of Credit Agreement, of even date, between Borrower and Lender (the “Credit Agreement”), together with interest on the unpaid balance of the Loan at the rate or rates hereinafter set forth. This Revolving Credit Note is the Note described in the Credit Agreement. All capitalized terms not otherwise defined in this Note shall have the meanings defined in the Credit Agreement.
SECURITY AGREEMENTSecurity Agreement • April 17th, 2006 • Biotime Inc • Biological products, (no disgnostic substances) • California
This Security Agreement (the “Agreement”) is made as of April 12, 2006 by BioTime, Inc., as the “Debtor,” in favor and for the benefit of Alfred D. Kingsley, Cyndel & Co., Inc., and George Karfunkel, individually and collectively, as the “Secured Party,” with reference to the following facts:
