Convertible Note and Security Agreement Sample Contracts

EXHIBIT 10.7 CONVERTIBLE NOTE AND SECURITY AGREEMENT

Convertible Note and Security Agreement • May 17th, 2004 • Macc Private Equities Inc • Utah

• Contract Type
  Convertible Note and Security Agreement
• Filed
  May 17th, 2004
• Company
  Macc Private Equities Inc
• Jurisdiction
  Utah

AMENDED AND RESTATED CONVERTIBLE NOTE AND SECURITY AGREEMENT

Convertible Note and Security Agreement • July 25th, 2005 • Macc Private Equities Inc • Utah

• Contract Type
  Convertible Note and Security Agreement
• Filed
  July 25th, 2005
• Company
  Macc Private Equities Inc
• Jurisdiction
  Utah

THIS AMENDED AND RESTATED CONVERTIBLE NOTE AND SECURITY AGREEMENT (the “Note”) is dated this 20th day of July, 2005 (the “Restatement Date”) between MACC PRIVATE EQUITIES INC., a Delaware corporation (the “Company”), and GEOFFREY T. WOOLLEY, an individual (“Woolley” or the “Holder”).