US Global Nanospace Inc Watch

from 8-K ~1 page Line of Credit Promissory Note $100,000.00

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $350,000.00 Interest Rate: 10.000% Loan Date: May 13, 2005 Maturity: August 13, 2005 Date of Agreement: December 31, 2005 Description of Existing Indebtedness a Revolving Promissory Note Dated May 13, 2005 in Original Principal Amounts Up to $350,000.00. Description of Change in Terms the Maturity Date of This Note Is Being Extended to March 31, 2006. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc., ("Borrower") Promises to Pay to Usdr, Inc. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From May 13, 2005, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before March 31, 2006. This Payment Due on March 31, 2006 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr, Inc. By: /S/ Julie Seaman By: /S/ John Robinson Julie Seaman, Chief Financial Officer John Robinson, President

from 8-K 1 page US Global Nanospace, Inc. December 8, 2005 via Email John Robinson Re: Consideration for Continuing Loan Guaranty Dear John: This Letter Confirms Our Agreement to Provide You With Certain Consideration for Your Continuing Guaranty of Our Revolving Line of Credit With Western Security Bank (The "Loan"). Specifically, US Global Nanospace, Inc. Agrees to Issue to You, on a Monthly Basis for Thirty Consecutive Calendar Months From the Date of This Letter, With the First Issuance to Occur as of the Date Hereof, $5,831.77 Payable in Restricted Common Stock of the Corporation (The "Monthly Issuance"). the Shares of Common Stock Issued to You Pursuant to This Letter Shall Be Valued at the Closing Price of the Common Stock on the Last Trading Day of the Calendar Month for Which the Shares Are Being Issued. for Example, if the Shares Are Due on December 16 for the Calendar Month From November 15-December 15, the Shares Shall Be Valued at the Closing Price on December 15. the Monthly Issuance Amount Shall Not Change Until or Unless the Company Pre-Pays Any Outstanding Loan Amount, in Which Case Our Board of Directors Shall Have the Right to Adjust Downward the Monthly Issuance in Accordance With the Methodology Set Forth in the Management Compensation Analysis, Dated November 10, 2005, Prepared by Gemini Partners, Inc. in the Event You and Our Board of Directors Disagree as to the Proposed Adjusted Monthly Amount, You and Our Board of Directors Shall Mutually Appoint an Independent Advisory Firm, at the Company's Sole Expense, to Make a Final and Binding Determination of the Adjusted Monthly Amount. We Will Follow the Procedure Set Forth in This Letter Each Time We Pre-Pay the Loan. if the Foregoing Correctly States Our Agreement on This Matter, Please Countersign Below Where Indicated and Return Your Signature to the Undersigned. Thank You. Kind Regards, US Global Nanospace, Inc. By:/S/ Carl Gruenler Carl Gruenler, CEO Acknowledged and Agreed: By: John Robinson, an Individual

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $350,000.00 Interest Rate: 10.000% Loan Date: May 13, 2005 Maturity: August 13, 2005 Date of Agreement: October 31, 2005 Description of Existing Indebtedness a Revolving Promissory Note Dated May 13, 2005 in Original Principal Amounts Up to $350,000.00. Description of Change in Terms the Maturity Date of This Note Is Being Extended to December 31, 2005. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc., ("Borrower") Promises to Pay to Usdr, Inc. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From May 13, 2005, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before December 31, 2005. This Payment Due on December 31, 2005 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr, Inc. By: /S/ Julie Seaman By: /S/ John Robinson - Julie Seaman, Chief Financial Officer John Robinson, President

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr Aerospace, Ltd. F/K/a US Global Aerospace, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $100,000.00 Interest Rate: 10.000% Loan Date: April 18, 2003 Maturity: December 31, 2004 Date of Agreement: December 30, 2004 Description of Existing Indebtedness a Revolving Promissory Note Dated April 18, 2003 in Original Principal Amounts Up to $100,000.00, Amended on June 30, 2004 to Include Amounts Up to $200,000.00. Description of Change in Terms the Maturity Date of This Note Is Being Extended to February 28, 2005. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc. F/K/a US Global Aerospace, Inc., ("Borrower") Promises to Pay to Usdr Aerospace, Ltd. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From April 18, 2003, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before February 28, 2005. This Payment Due on February 28, 2005 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr Aerospace, Ltd. F/K/a US Global Aerospace, Inc. By: United States Defense Research, Lc, General Partner By: /S/ John Robinson By: /S/ Julie Seaman John Robinson, Chairman Julie Seaman, Secretary

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $500,000.00 Interest Rate: 10.000% Loan Date: June 6, 2003 Maturity: December 31, 2004 Date of Agreement: December 30, 2004 Description of Existing Indebtedness a Revolving Promissory Note Dated June 6, 2003 in Original Principal Amounts Up to $125,000.00, Increased for Amounts Up to $500,000.00 on June 11, 2004. Description of Change in Terms the Maturity Date of This Note Is Being Extended to February 28, 2005. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc. F/K/a US Global Aerospace, Inc., ("Borrower") Promises to Pay to Usdr(nv), Inc. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From June 6, 2003, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before February 28, 2005. This Payment Due on February 28, 2005 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. By: /S/ John Robinson By: /S/ Julie Seaman John Robinson, Chairman Julie Seaman, Secretary

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $500,000.00 Interest Rate: 10.000% Loan Date: June 6, 2003 Maturity: October 31, 2004 Date of Agreement: October 30, 2004 Description of Existing Indebtedness a Revolving Promissory Note Dated June 6, 2003 in Original Principal Amounts Up to $125,000.00, Increased for Amounts Up to $500,000.00 on June 11, 2004. Description of Change in Terms the Maturity Date of This Note Is Being Extended to December 31, 2004. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc. F/K/a US Global Aerospace, Inc., ("Borrower") Promises to Pay to Usdr(nv), Inc. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From June 6, 2003, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before December 31, 2004. This Payment Due on December 31, 2004 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. By: /S/ John Robinson By: /S/ Julie Seaman John Robinson, Chairman Julie Seaman, Secretary

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr Aerospace, Ltd. F/K/a US Global Aerospace, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $100,000.00 Interest Rate: 10.000% Loan Date: April 18, 2003 Maturity: June 30, 2004 Date of Agreement: June 30, 2004 Description of Existing Indebtedness a Revolving Promissory Note Dated April 18, 2003 in Original Principal Amounts Up to $100,000.00. Description of Change in Terms the Maturity Date of This Note Is Being Extended to December 31, 2004. Original Principal Amounts Have Been Increased From $100,000.00 to $200,000.00. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc. F/K/a US Global Aerospace, Inc., ("Borrower") Promises to Pay to Usdr Aerospace, Ltd. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From April 18, 2003, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before December 31, 2004. This Payment Due on December 31, 2004 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr Aerospace, Ltd. F/K/a US Global Aerospace, Inc. By: United States Defense Research, Lc, General Partner By: /S/ John Robinson By: /S/ Julie Seaman John Robinson, Chairman Julie Seaman, Secretary

from 10QSB 1 page Change in Terms Agreement Borrower: US Global Nanospace, Inc. Lender: Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. 2533 N. Carson St., Suite 5107 Carson City, NV 89706 Principal: Amounts Up to $125,000.00 Interest Rate: 10.000% Loan Date: June 6, 2003 Maturity: October 31, 2004 Date of Agreement: June 11, 2004 Description of Existing Indebtedness a Revolving Promissory Note Dated June 6, 2003 in Original Principal Amounts Up to $125,000.00. Description of Change in Terms Original Principal Amounts Have Been Increased From $125,000.00 to $500,000.00. All Other Terms and Conditions Remain Unchanged. Promise to Pay US Global Nanospace, Inc. F/K/a US Global Aerospace, Inc., ("Borrower") Promises to Pay to Usdr(nv), Inc. ("Lender"), the Principal Balance Then Outstanding, Together With Interest at the Rate of 10.000% Per Annum on the Unpaid Principal Balance From June 6, 2003, Until Paid in Full. Payment Borrower Will Pay These Loans in One Principal Payment of the Balance Then Outstanding, Plus Interest on or Before October 31, 2004. This Payment Due on October 31, 2004 Will Be for All Principal and All Accrued Interest Not Yet Paid. Unless Otherwise Agreed or Required by Applicable Law, Payments Will Be Applied First to Any Accrued Unpaid Interest, Than to Principal. Borrower May Pay Without Penalty All or a Portion of the Amount Owed Earlier Than It Is Due. Successors and Assigns This Agreement Shall Be Binding Upon and Inure to the Benefit of the Parties, Their Successors and Assigns. Borrower: Lender: US Global Nanospace, Inc., Usdr(nv), Inc. F/K/a US Global Aerospace, Inc. By: /S/ John Robinson By: /S/ Julie Seaman John Robinson, Chairman Julie Seaman, Secretary

from SB-2/A ~5 pages Toronto-Dominion Bank Credit Service Agree 9/8/97

from SB-2/A ~5 pages Toronto-Dominion Bank Credit Service Agree 4/14/97

from SB-2/A 1 page Line of Credit With Toronto Dominion Bank