EXHIBIT 10-17 LOAN RESTRUCTURING AGREEMENT This Agreement is made with reference to that certain Promissory Note dated May 5, 2003 in the amount of $25,000 by and between MedStrong International Corporation and ____________ due and payable on...Loan Restructuring Agreement • May 6th, 2004 • Medstrong International Corp • Services-business services, nec
This Agreement is made with reference to that certain Promissory Note dated May 5, 2003 in the amount of $25,000 by and between MedStrong International Corporation and ____________ due and payable on _______________
Royalty Agreement In consideration of the sum of fifty thousand dollars ($50,000) received from Dr. Christine Durbak, MedStrong International Corporation does hereby assign, effective September 1, 2003, for business remitted in September and going...Royalty Agreement • May 6th, 2004 • Medstrong International Corp • Services-business services, nec
In consideration of the sum of fifty thousand dollars ($50,000) received from Dr. Christine Durbak, MedStrong International Corporation does hereby assign, effective September 1, 2003, for business remitted in September and going forward, the future receipts of all monies received from the following clients: Road America; MD Data Network; National Protection Services; Membercare Services up to the maximum sum of $100,000. Said receipts will be paid monthly, but within five (5) business days of being received by MedStrong, until the full sum of the Royalty Payment of $100,000 is paid in full. If the full amount of $100,000 is not paid within twenty-four (24) months, the remaining unpaid balance will be due in full. With the monthly payment, Dr. Durbak will receive a full accounting detail of each client.
