LOAN AGREEMENT Dated as of January 15, 2010 by and between JAMES SIMPSON FOUNDATION, A CALIFORNIA NON PROFIT CORPORATION as Lender and PEPPERBALL TECHNOLOGIES, INC. as Borrower TOTAL CREDIT AMOUNT: $200,000Loan Agreement • January 22nd, 2010 • PepperBall Technologies, Inc. • Ordnance & accessories, (no vehicles/guided missiles) • California
Contract Type FiledJanuary 22nd, 2010 Company Industry JurisdictionThe information set forth above is subject to the terms and conditions set forth in the balance of this Agreement. The parties agree as follows:
LOAN AGREEMENT Dated as of January 15, 2010 by and between as Lender and PEPPERBALL TECHNOLOGIES, INC. as Borrower TOTAL CREDIT AMOUNT: $300,000Loan Agreement • January 22nd, 2010 • PepperBall Technologies, Inc. • Ordnance & accessories, (no vehicles/guided missiles) • California
Contract Type FiledJanuary 22nd, 2010 Company Industry JurisdictionMaturity Date: December 10, 2010 Formula: As set forth in Agreement Interest: 15% per annum, fixed Warrants: $150,000/Warrant Paid Class of stock: Common Exercise price: $0.10 per share