STOCK PLEDGE, ESCROW AND SECURITY AGREEMENTEscrow and Security Agreement • October 27th, 2006 • Cord Blood America, Inc. • Services-medical laboratories • New Jersey
THIS STOCK PLEDGE, ESCROW AND SECURITY AGREEMENT (this “Agreement”) is made as of the ___ day of October, 2006 by CORD BLOOD AMERICA, INC., a California corporation having its principal office at 9000 W. Sunset Boulevard, Suite 400, Los Angeles, California 90069 (the “Pledgor”), to BERGEN COMMUNITY REGIONAL BLOOD CENTER, a New Jersey nonprofit corporation d/b/a Community Blood Services having its principal office at 800 Kinderkamack Road, Oradell, New Jersey 07649 (the “Secured Party”).
PROMISSORY NOTECord Blood America, Inc. • October 27th, 2006 • Services-medical laboratories • New Jersey
FOR VALUE RECEIVED, the undersigned, CORD BLOOD PARTNERS, INC., and CORD BLOOD AMERICA, INC., each a California corporation having its principal office at 9000 W. Sunset Boulevard, Suite 400, Los Angeles, California 90069 (together, “Maker”), enter into this Promissory Note (this “Note”) and jointly and severally promise to pay to the order of BERGEN COMMUNITY REGIONAL BLOOD CENTER, a New Jersey nonprofit corporation d/b/a Community Blood Services having its principal office at 800 Kinderkamack Road, Oradell, New Jersey 07649 (the “Holder”) the principal sum of TWO HUNDRED FIFTY THOUSAND AND 00/100 DOLLARS ($250,000.00) (the “Principal Amount”) in lawful money of the United States of America together with interest on the outstanding portion of the Principal Sum at the rate of twelve percent (12%) per annum, computed from the date hereof.
