ContractAuxilio Inc • October 27th, 2006 • Services-business services, nec • California
THIS WARRANT AND THE SECURITIES ISSUABLE HEREUNDER HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, AND MAY NOT BE SOLD, PLEDGED, OR OTHERWISE TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION THEREOF UNDER SUCH ACT OR PURSUANT TO RULE 144 OR AN OPINION OF COUNSEL REASONABLY SATISFACTORY TO THE COMPANY AND ITS COUNSEL, THAT SUCH REGISTRATION IS NOT REQUIRED.
LOAN AND SECURITY AGREEMENTLoan and Security Agreement • October 27th, 2006 • Auxilio Inc • Services-business services, nec • California
FOR VALUE RECEIVED, the undersigned AUXILIO, INC., a Nevada corporation (“Company”), hereby promises to pay to CAMBRIA INVESTMENT FUND, L.P., a California limited partnership (the “Holder”) and the other holders listed on Schedule 1 hereto (together, the “Holders”) at such place as Holder may specify, in lawful money of the United States of America, the principal amount of up to $1,500,000 (the “Loan Amount”) on or before October 22, 2007 (the “Maturity Date”), plus interest on the principal amount outstanding from time to time hereunder at a rate equal to the lesser of (i) the maximum lawful rate or (ii) twelve percent (12%) per year. Interest on the outstanding principal balance shall accrue and be payable on the last day of each fiscal quarter. Interest due and payable hereunder shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. Company shall also have delivered to Holder a warrant to purchase stock, in form reasonably acceptable to Holde
