EX-10.1
from 10-12G/A
6 pages
Amended Loan and Security Agreement This Amended Loan and Security Agreement (This “Agreement”), Dated as of July 25, 2014 (The “Effective Date”) Is Entered Into by and Between Valusetters Inc., a Utah Corporation the “Borrower”), and Vaxstar LLC, a Delaware Limited Liability Company (“Lender”). Recitals Whereas, Lender Is a Shareholder of Valuesetters Inc. and Has Purchased the Debt Previously Owed to a Secured Lender Under a Revolving Loan and Security Agreement Dated April 28, 2011; Whereas, Borrower Has Requested That Lender Make Advances to Borrower From Time to Time on a Revolving Basis in an Aggregate Principal Amount at Any Time Thereof Not to Exceed Two Hundred Fifty Thousand Dollars ($250,000) (The “Maximum Principal Amount”); and Whereas, Lender Is Willing to Make Such Advances to Borrower on the Terms and Subject to the Conditions Set Forth Herein. Agreement Now, Therefore, in Consideration of the Premises and Covenants Contained Herein, and for Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, Borrower and Lender, Intending to Be Legally Bound, Hereby Agree as Follows: 1. Loans and Promissory Note
12/34/56
EX-10.1
from 10-12G
12 pages
Revolving Loan and Security Agreement This Revolving Loan and Security Agreement (This “Agreement”), Dated as of July 31, 2013 (The “Effective Date”) Is Entered Into by and Between Valusetters Inc., a Utah Corporation the “Borrower”), and Vaxstar LLC, a Delaware Limited Liability Company (“Lender”). Recitals Whereas, Lender Is a Shareholder of Valuesetters Inc. and Has Purchased the Debt Previously Owed to a Secured Lender Under a Revolving Loan and Security Agreement Dated April 28, 2011; Whereas, Borrower Has Requested That Lender Make Advances to Borrower From Time to Time on a Revolving Basis in an Aggregate Principal Amount at Any Time Thereof Not to Exceed Two Hundred Fifty Thousand Dollars ($250,000) (The “Maximum Principal Amount”); and Whereas, Lender Is Willing to Make Such Advances to Borrower on the Terms and Subject to the Conditions Set Forth Herein. Agreement Now, Therefore, in Consideration of the Premises and Covenants Contained Herein, and for Other Good and Valuable Consideration, the Receipt and Sufficiency of Which Are Hereby Acknowledged, Borrower and Lender, Intending to Be Legally Bound, Hereby Agree as Follows: 1. Loans and Promissory Note
12/34/56
