EXHIBIT 10.55
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EXTENDED AGREEMENT BETWEEN URO-TECH, LTD. ("URO-TECH")
AND
POSITRON CORPORATION ("POSITRON")
This extension of the agreement between Positron Corporation and Uro-Tech, Ltd.
will have the following conditions:
Extension Term: Seventy-nine (79) days from date of original
-------------- expiration (April 30, 1997) of the Loan Agreement.
Loan Amount: A line of credit of up to $663,000.
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Interest: Prime + 1%
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Collateral: As specified in the original agreement and amended
---------- by the Inter-creditor agreement with ProFutures
Bridge Capital Fund, L.P. and Boston Financial &
Equity Corporation.
Subordination: As specified in the original agreement and amended
------------- by the Inter-creditor Agreement with ProFutures
Bridge Capital Fund, L.P. and Boston Financial &
Equity Corporation.
If the foregoing is acceptable to Uro-Tech, Ltd., please respond by signing this
extension letter in the space provided below.
URO-TECH POSITRON CORPORATION
By: /s/ ▇▇▇▇ ▇. ▇▇▇▇, Ph.D. By: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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▇▇▇▇ ▇. ▇▇▇▇ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
Chief Financial Officer
