EXHIBIT 10.7
AMENDED AND RESTATED SUBORDINATED PROMISSORY NOTE
THIS AMENDED AND RESTATED SUBORDINATED PROMISSORY NOTE (THIS “NOTE”) IS AN AMENDMENT AND RESTATEMENT TO THAT CERTAIN PROMISSORY NOTE DATED APRIL 26, 2006 IN THE ORIGINAL PRINCIPAL AMOUNT OF THIRTY ONE MILLION THIRTY NINE THOUSAND ONE HUNDRED EIGHTY SIX AND ELEVEN CENTS ($31,039,186.11) (INCLUDING SEVEN MILLION EIGHT HUNDRED FIFTY TWO THOUSAND NINE HUNDRED TWENTY EIGHT DOLLARS AND SEVENTY THREE CENTS ($7,852,928.73) OF ACCRUED AND UNPAID INTEREST THEREON) (THE “ORIGINAL NOTE”) MADE BY MEDICOR LTD., A DELAWARE CORPORATION (“MEDICOR”), AS SUCCESSOR TO INTERNATIONAL INTEGRATED INCORPORATED, A BRITISH VIRGIN ISLANDS CORPORATION (“IIIBV”), IN FAVOR OF INTERNATIONAL INTEGRATED INDUSTRIES, LLC, A NEVADA LIMITED LIABILITY COMPANY (THE “HOLDER”). THIS PROMISSORY NOTE IS MADE IN PLACE OF THE ORIGINAL NOTE.
ALL INDEBTEDNESS EVIDENCED BY THIS NOTE IS SUBORDINATED TO OTHER INDEBTEDNESS PURSUANT TO, AND TO THE EXTENT PROVIDED IN, AND IS OTHERWISE SUBJECT TO THE TERMS OF, THE SUBORDINATION AGREEMENT, DATED APRIL 26, 2006 (AS AMENDED, SUPPLEMENTED OR OTHERWISE MODIFIED FROM TIME TO TIME, THE “SUBORDINATION AGREEMENT”), BY AND AMONG MEDICOR, SILVER OAK CAPITAL, L.L.C., A DELAWARE LIMITED LIABILITY COMPANY, AS “COLLATERAL AGENT”, AND THE HOLDERS FROM TIME TO TIME OF THE SUBORDINATED OBLIGATIONS (AS DEFINED THEREIN), INCLUDING, WITHOUT LIMITATION, THIS NOTE.
April 26, 2006 | Las Vegas, Nevada |
FOR VALUE RECEIVED, MediCor hereby promises to pay to the order of the Holder, at the Holder’s principal address, the principal sum of certain loans made by Holder to MediCor or to IIIBV, the predecessor to MediCor (or such lesser amount as shall equal the aggregate unpaid principal amount of the loans (the “Loans”) made by Holder to MediCor or IIIBV), in lawful money of the United States of America and in immediately available funds, on the dates and in the principal amounts as set forth in Schedule 1 to Exhibit A to this Promissory Note (the “Note”) and to pay interest on the unpaid principal amount of each such Loan, at such office, in like money and funds, for the period commencing on the date of such Loan until such Loan shall be paid in full, at the rates per annum and on the Maturity Date as provided in Exhibit A to this Note. As used herein, the term, “Holder” shall mean Holder and any subsequent holder of this Note, as applicable from time to time.
The date and amount of each Loan made by the Holder to MediCor, and each payment made on account of the principal of such Loan, shall be recorded by Holder on its books and, prior to any transfer of this Note, endorsed by Holder on Schedule 1 to Exhibit A attached to this Note or any continuation of such Exhibit A, provided that the failure of Holder to make any such recordation or endorsement shall not affect the obligations of MediCor to make a payment when due of any amount owing under this Note in respect of the Loans made by Holder.
This Note may be prepaid in full or in part, without penalty, upon not less than five (5) days’ prior written notice to Holder, with such right to prepayment to become effective ten (10) business days after the Maturity Date as defined and expressly outlined in Exhibit A to this Note. Principal and interest are payable in lawful money of the United States of America.
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Prior to the indefeasible payment in full in cash of the Senior Notes (as defined below), all interest on this Note shall be paid only by adding such interest to the principal amount of this Note.
If the Holder notifies MediCor in writing of a default in the payment of principal or interest when due pursuant to the terms hereof (an “Event of Default”), Holder shall have the option, without demand or notice, to declare the then entire balance of principal, together with all accrued interest thereon, immediately due and payable and to exercise all rights and remedies available to Holder hereunder. Upon the occurrence of an Event of Default, and so long as such Event of Default shall continue, the entire balance of principal together with all accrued interest thereon shall bear interest at the then applicable rate plus two percent (2%) (the “Default Interest Rate”). No delay or omission on the part of Holder hereof in exercising any right under this Note shall operate as a waiver of such right. The application of the Default Interest Rate shall not be interpreted or deemed to extend any cure period set forth herein or otherwise limit any of Holder’s remedies hereunder or thereunder.
The Holder may assign or transfer all or any portion of its rights hereunder only upon the terms and conditions set forth in the Subordination Agreement and with the prior written consent of the Company. Any purported transfer in violation of this provision shall be null and void.
The Holder of this Note agrees, for itself and each future holder of this Note, that this Note is expressly “subordinate and junior in right of payment” (as that phrase is defined in the Subordination Agreement) to those certain Senior Secured Convertible Notes dated as of April 26, 2006 (the “Senior Notes”) made by MediCor in favor of those persons listed in the Schedule of Purchasers attached to the Securities Purchase Agreement (as defined in the Subordination Agreement).
MediCor hereby waives diligence, presentment, protest and demand, notice of protest, dishonor and nonpayment of this Note and expressly agrees that, without in any way affecting the liability of MediCor hereunder, Holder may extend any maturity date or the time for payment of any installment due hereunder, accept security, release any party liable hereunder and release any security now or hereafter securing this Note. MediCor further waives, to the full extent permitted by law, the right to plead any and all statutes of limitations as a defense to any demand on this Note, or on any deed of trust, security agreement, lease assignment, guaranty or other agreement now or hereafter securing this Note.
If this Note is not paid when due, or if any Event of Default occurs, MediCor promises to pay all costs of enforcement and collection, including but not limited to, Holder’s reasonable attorneys’ fees, whether or not any action or proceeding is brought to enforce the provisions hereof.
Every provision of this Note is intended to be severable. In the event any term or provision hereof is declared to be illegal or invalid for any reason whatsoever by a court of competent jurisdiction, such illegality or invalidity shall not affect the balance of the terms and provisions hereof, which terms and provisions shall remain binding and enforceable.
It is the intent of MediCor and Holder in the execution of this Note and all other instruments securing this Note that the Loans evidenced hereby be exempt from the restrictions of applicable usury laws of any jurisdiction. In the event that, for any reason, it should be determined that any applicable usury law of any jurisdiction is applicable for the Loans, Holder and MediCor stipulate and agree that none of the terms and provisions contained herein shall ever be construed to create a contract for use, forbearance or detention of money requiring payment of interest at a rate in excess of the maximum interest rate permitted to be charged by such applicable laws. In such event, if any Holder of this Note shall collect monies which are deemed to constitute interest which would otherwise increase the
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effective interest rate on this Note to a rate in excess of the maximum rate permitted to be charged by the applicable laws of such jurisdiction, all such sums deemed to constitute interest in excess of such maximum rate shall, at the option of Holder, be credited to payment of the sums due hereunder or returned to MediCor.
In this Note, the singular shall include the plural and the masculine shall include the feminine and neuter gender, and vice versa, if the context so requires.
THIS NOTE SHALL BE GOVERNED BY, AND CONSTUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF DELAWARE APPLICABLE TO CONTRACTS MADE AND PERFORMED WITHIN THE STATE OF DELAWARE.
| MediCor Ltd., |
| a Delaware corporation |
| |
| |
| /s/ Theodore R. Maloney | |
| Name: Theodore R. Maloney |
| Title: Chief Executive Officer |
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EXHIBIT A
EXHIBIT OF LOANS
This Promissory Note evidences certain Loans made by Holder to MediCor or MediCor’s predecessor, IIIBV, on the dates and in the principal amounts, at the interest rate(s) and of the maturity date as set forth below, subject to the payments of principal, conversion of a portion of the outstanding balance of this Promissory Note to Preferred Stock of MediCor or the exercise of warrants and/or options each as more fully set forth on the attached Schedule 1 to this Exhibit A. The maturity date for this Promissory Note shall be the date that is six (6) months beyond the date that is the earlier of: (i) the maturity date of the Senior Notes; or (ii) the date in which the entire principal amount of Senior Notes have been: (y) converted pursuant to Sections 4 or 9 of the Senior Notes; or (z) redeemed pursuant to Section 5 of the Senior Notes (the “Maturity Date”).
Schedule 1 - MediCor Ltd.
Notes Payable - to International Integrated Industries, LLC
Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
4/1/2003 | | Balance Assigned from III | | $ | 5,131,593.05 | | $ | 5,131,593.05 | | | | | | | | $ | 5,131,593.05 | |
4/1/2003 | | Interest Assigned from III | | | | | | | | | | $ | 177,618.24 | | $ | 5,309,211.29 | |
4/2/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 5,231,593.05 | | 2 | | $ | 2,866.63 | | $ | 180,484.87 | | $ | 5,412,077.92 | |
4/3/2003 | | Interest | | $ | 0.00 | | $ | 5,231,593.05 | | 1 | | $ | 1,433.31 | | $ | 181,918.18 | | $ | 5,413,511.23 | |
4/3/2003 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 5,281,593.05 | | 0 | | $ | 0.00 | | $ | 181,918.18 | | $ | 5,463,511.23 | |
4/8/2003 | | Interest | | $ | 0.00 | | $ | 5,281,593.05 | | 5 | | $ | 7,235.06 | | $ | 189,153.24 | | $ | 5,470,746.29 | |
4/8/2003 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 5,481,593.05 | | 0 | | $ | 0.00 | | $ | 189,153.24 | | $ | 5,670,746.29 | |
4/10/2003 | | Interest | | $ | 0.00 | | $ | 5,481,593.05 | | 2 | | $ | 3,003.61 | | $ | 192,156.85 | | $ | 5,673,749.90 | |
4/10/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 5,581,593.05 | | 0 | | $ | 0.00 | | $ | 192,156.85 | | $ | 5,773,749.90 | |
4/25/2003 | | Interest | | $ | 0.00 | | $ | 5,581,593.05 | | 15 | | $ | 22,938.05 | | $ | 215,094.90 | | $ | 5,796,687.95 | |
4/25/2003 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 5,731,593.05 | | 0 | | $ | 0.00 | | $ | 215,094.90 | | $ | 5,946,687.95 | |
4/30/2003 | | Interest | | $ | 0.00 | | $ | 5,731,593.05 | | 5 | | $ | 7,851.50 | | $ | 222,946.40 | | $ | 5,954,539.45 | |
5/9/2003 | | Interest | | $ | 0.00 | | $ | 5,731,593.05 | | 9 | | $ | 14,132.70 | | $ | 237,079.10 | | $ | 5,968,672.15 | |
5/9/2003 | | Deposit to Medicor | | $ | 120,000.00 | | $ | 5,851,593.05 | | 0 | | $ | 0.00 | | $ | 237,079.10 | | $ | 6,088,672.15 | |
5/14/2003 | | Interest | | $ | 0.00 | | $ | 5,851,593.05 | | 5 | | $ | 8,015.88 | | $ | 245,094.98 | | $ | 6,096,688.03 | |
5/14/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 5,951,593.05 | | 0 | | $ | 0.00 | | $ | 245,094.98 | | $ | 6,196,688.03 | |
5/20/2003 | | Interest | | $ | 0.00 | | $ | 5,951,593.05 | | 6 | | $ | 9,783.44 | | $ | 254,878.42 | | $ | 6,206,471.47 | |
5/20/2003 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 5,971,593.05 | | 0 | | $ | 0.00 | | $ | 254,878.42 | | $ | 6,226,471.47 | |
5/23/2003 | | Interest | | $ | 0.00 | | $ | 5,971,593.05 | | 3 | | $ | 4,908.16 | | $ | 259,786.58 | | $ | 6,231,379.63 | |
5/23/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 6,071,593.05 | | 0 | | $ | 0.00 | | $ | 259,786.58 | | $ | 6,331,379.63 | |
5/30/2003 | | Interest | | $ | 0.00 | | $ | 6,071,593.05 | | 7 | | $ | 11,644.15 | | $ | 271,430.73 | | $ | 6,343,023.78 | |
5/30/2003 | | Deposit to Medicor | | $ | 185,000.00 | | $ | 6,256,593.05 | | 0 | | $ | 0.00 | | $ | 271,430.73 | | $ | 6,528,023.78 | |
5/31/2003 | | Interest | | $ | 0.00 | | $ | 6,256,593.05 | | 1 | | $ | 1,714.14 | | $ | 273,144.86 | | $ | 6,529,737.91 | |
6/2/2003 | | Interest | | $ | 0.00 | | $ | 6,256,593.05 | | 2 | | $ | 3,428.27 | | $ | 276,573.13 | | $ | 6,533,166.18 | |
6/2/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 6,356,593.05 | | 0 | | $ | 0.00 | | $ | 276,573.13 | | $ | 6,633,166.18 | |
6/4/2003 | | Interest | | $ | 0.00 | | $ | 6,356,593.05 | | 2 | | $ | 3,483.06 | | $ | 280,056.20 | | $ | 6,636,649.25 | |
6/4/2003 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 6,506,593.05 | | 0 | | $ | 0.00 | | $ | 280,056.20 | | $ | 6,786,649.25 | |
6/11/2003 | | Interest | | $ | 0.00 | | $ | 6,506,593.05 | | 7 | | $ | 12,478.40 | | $ | 292,534.60 | | $ | 6,799,127.65 | |
6/11/2003 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 6,546,593.05 | | 0 | | $ | 0.00 | | $ | 292,534.60 | | $ | 6,839,127.65 | |
6/13/2003 | | Interest | | $ | 0.00 | | $ | 6,546,593.05 | | 2 | | $ | 3,587.17 | | $ | 296,121.77 | | $ | 6,842,714.82 | |
6/13/2003 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 6,746,593.05 | | 0 | | $ | 0.00 | | $ | 296,121.77 | | $ | 7,042,714.82 | |
6/24/2003 | | Interest | | $ | 0.00 | | $ | 6,746,593.05 | | 11 | | $ | 20,332.20 | | $ | 316,453.97 | | $ | 7,063,047.02 | |
6/24/2003 | | Deposit to Medicor | | $ | 30,000.00 | | $ | 6,776,593.05 | | 0 | | $ | 0.00 | | $ | 316,453.97 | | $ | 7,093,047.02 | |
6/30/2003 | | Interest | | $ | 0.00 | | $ | 6,776,593.05 | | 6 | | $ | 11,139.61 | | $ | 327,593.57 | | $ | 7,104,186.62 | |
7/8/2003 | | Interest | | $ | 0.00 | | $ | 6,776,593.05 | | 8 | | $ | 14,852.81 | | $ | 342,446.38 | | $ | 7,119,039.43 | |
7/8/2003 | | Deposit to Medicor | | $ | 10,000.00 | | $ | 6,786,593.05 | | 0 | | $ | 0.00 | | $ | 342,446.38 | | $ | 7,129,039.43 | |
7/9/2003 | | Interest | | $ | 0.00 | | $ | 6,786,593.05 | | 1 | | $ | 1,859.34 | | $ | 344,305.72 | | $ | 7,130,898.77 | |
7/9/2003 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 7,186,593.05 | | 0 | | $ | 0.00 | | $ | 344,305.72 | | $ | 7,530,898.77 | |
7/14/2003 | | Interest | | $ | 0.00 | | $ | 7,186,593.05 | | 5 | | $ | 9,844.65 | | $ | 354,150.37 | | $ | 7,540,743.42 | |
7/14/2003 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 7,236,593.05 | | 0 | | $ | 0.00 | | $ | 354,150.37 | | $ | 7,590,743.42 | |
7/18/2003 | | Interest | | $ | 0.00 | | $ | 7,236,593.05 | | 4 | | $ | 7,930.51 | | $ | 362,080.88 | | $ | 7,598,673.93 | |
7/18/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 7,336,593.05 | | 0 | | $ | 0.00 | | $ | 362,080.88 | | $ | 7,698,673.93 | |
7/25/2003 | | Interest | | $ | 0.00 | | $ | 7,336,593.05 | | 7 | | $ | 14,070.18 | | $ | 376,151.06 | | $ | 7,712,744.11 | |
7/25/2003 | | Deposit to Medicor | | $ | 110,000.00 | | $ | 7,446,593.05 | | 0 | | $ | 0.00 | | $ | 376,151.06 | | $ | 7,822,744.11 | |
7/29/2003 | | Interest | | $ | 0.00 | | $ | 7,446,593.05 | | 4 | | $ | 8,160.65 | | $ | 384,311.71 | | $ | 7,830,904.76 | |
7/29/2003 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 7,496,593.05 | | 0 | | $ | 0.00 | | $ | 384,311.71 | | $ | 7,880,904.76 | |
8/4/2003 | | Interest | | $ | 0.00 | | $ | 7,496,593.05 | | 6 | | $ | 12,323.17 | | $ | 396,634.88 | | $ | 7,893,227.93 | |
8/4/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 7,596,593.05 | | 0 | | $ | 0.00 | | $ | 396,634.88 | | $ | 7,993,227.93 | |
8/12/2003 | | Interest | | $ | 0.00 | | $ | 7,596,593.05 | | 8 | | $ | 16,650.07 | | $ | 413,284.94 | | $ | 8,009,877.99 | |
8/12/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 7,696,593.05 | | 0 | | $ | 0.00 | | $ | 413,284.94 | | $ | 8,109,877.99 | |
8/21/2003 | | Interest | | $ | 0.00 | | $ | 7,696,593.05 | | 9 | | $ | 18,977.90 | | $ | 432,262.84 | | $ | 8,128,855.89 | |
8/21/2003 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 7,846,593.05 | | 0 | | $ | 0.00 | | $ | 432,262.84 | | $ | 8,278,855.89 | |
8/28/2003 | | Interest | | $ | 0.00 | | $ | 7,846,593.05 | | 7 | | $ | 15,048.26 | | $ | 447,311.11 | | $ | 8,293,904.16 | |
8/28/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 7,946,593.05 | | 0 | | $ | 0.00 | | $ | 447,311.11 | | $ | 8,393,904.16 | |
9/2/2003 | | Interest | | $ | 0.00 | | $ | 7,946,593.05 | | 5 | | $ | 10,885.74 | | $ | 458,196.85 | | $ | 8,404,789.90 | |
9/2/2003 | | Deposit to Medicor | | $ | 70,000.00 | | $ | 8,016,593.05 | | 0 | | $ | 0.00 | | $ | 458,196.85 | | $ | 8,474,789.90 | |
9/9/2003 | | Interest | | $ | 0.00 | | $ | 8,016,593.05 | | 7 | | $ | 15,374.29 | | $ | 473,571.14 | | $ | 8,490,164.19 | |
9/9/2003 | | Deposit to Medicor | | $ | 95,000.00 | | $ | 8,111,593.05 | | 0 | | $ | 0.00 | | $ | 473,571.14 | | $ | 8,585,164.19 | |
9/10/2003 | | Interest | | $ | 0.00 | | $ | 8,111,593.05 | | 1 | | $ | 2,222.35 | | $ | 475,793.49 | | $ | 8,587,386.54 | |
9/10/2003 | | Deposit to Medicor | | $ | 80,000.00 | | $ | 8,191,593.05 | | 0 | | $ | 0.00 | | $ | 475,793.49 | | $ | 8,667,386.54 | |
9/15/2003 | | Interest | | $ | 0.00 | | $ | 8,191,593.05 | | 5 | | $ | 11,221.36 | | $ | 487,014.85 | | $ | 8,678,607.90 | |
9/15/2003 | | Deposit to Medicor | | $ | 30,000.00 | | $ | 8,221,593.05 | | 0 | | $ | 0.00 | | $ | 487,014.85 | | $ | 8,708,607.90 | |
9/18/2003 | | Interest | | $ | 0.00 | | $ | 8,221,593.05 | | 3 | | $ | 6,757.47 | | $ | 493,772.33 | | $ | 8,715,365.38 | |
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Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
9/18/2003 | | Deposit to Medicor | | $ | 90,000.00 | | $ | 8,311,593.05 | | 0 | | $ | 0.00 | | $ | 493,772.33 | | $ | 8,805,365.38 | |
9/24/2003 | | Interest | | $ | 0.00 | | $ | 8,311,593.05 | | 6 | | $ | 13,662.89 | | $ | 507,435.22 | | $ | 8,819,028.27 | |
9/24/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 8,411,593.05 | | 0 | | $ | 0.00 | | $ | 507,435.22 | | $ | 8,919,028.27 | |
9/26/2003 | | Interest | | $ | 0.00 | | $ | 8,411,593.05 | | 2 | | $ | 4,609.09 | | $ | 512,044.31 | | $ | 8,923,637.36 | |
9/26/2003 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 8,451,593.05 | | 0 | | $ | 0.00 | | $ | 512,044.31 | | $ | 8,963,637.36 | |
9/30/2003 | | Interest | | $ | 0.00 | | $ | 8,451,593.05 | | 4 | | $ | 9,262.02 | | $ | 521,306.33 | | $ | 8,972,899.38 | |
9/30/2003 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 8,491,593.05 | | 0 | | $ | 0.00 | | $ | 521,306.33 | | $ | 9,012,899.38 | |
10/1/2003 | | Interest | | $ | 0.00 | | $ | 8,491,593.05 | | 1 | | $ | 2,326.46 | | $ | 523,632.79 | | $ | 9,015,225.84 | |
10/1/2003 | | Deposit to Medicor | | $ | 43,600.00 | | $ | 8,535,193.05 | | 0 | | $ | 0.00 | | $ | 523,632.79 | | $ | 9,058,825.84 | |
10/3/2003 | | Interest | | $ | 0.00 | | $ | 8,535,193.05 | | 2 | | $ | 4,676.82 | | $ | 528,309.61 | | $ | 9,063,502.66 | |
10/3/2003 | | Deposit to Medicor | | $ | 90,000.00 | | $ | 8,625,193.05 | | 0 | | $ | 0.00 | | $ | 528,309.61 | | $ | 9,153,502.66 | |
10/7/2003 | | Interest | | $ | 0.00 | | $ | 8,625,193.05 | | 4 | | $ | 9,452.27 | | $ | 537,761.88 | | $ | 9,162,954.93 | |
10/7/2003 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 8,645,193.05 | | 0 | | $ | 0.00 | | $ | 537,761.88 | | $ | 9,182,954.93 | |
10/10/2003 | | Interest | | $ | 0.00 | | $ | 8,645,193.05 | | 3 | | $ | 7,105.64 | | $ | 544,867.52 | | $ | 9,190,060.57 | |
10/10/2003 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 8,685,193.05 | | 0 | | $ | 0.00 | | $ | 544,867.52 | | $ | 9,230,060.57 | |
10/14/2003 | | Interest | | $ | 0.00 | | $ | 8,685,193.05 | | 4 | | $ | 9,518.02 | | $ | 554,385.54 | | $ | 9,239,578.59 | |
10/14/2003 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 8,735,193.05 | | 0 | | $ | 0.00 | | $ | 554,385.54 | | $ | 9,289,578.59 | |
10/20/2003 | | Interest | | $ | 0.00 | | $ | 8,735,193.05 | | 6 | | $ | 14,359.22 | | $ | 568,744.76 | | $ | 9,303,937.81 | |
10/20/2003 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 8,785,193.05 | | 0 | | $ | 0.00 | | $ | 568,744.76 | | $ | 9,353,937.81 | |
10/23/2003 | | Interest | | $ | 0.00 | | $ | 8,785,193.05 | | 3 | | $ | 7,220.71 | | $ | 575,965.46 | | $ | 9,361,158.51 | |
10/23/2003 | | Deposit to Medicor | | $ | 75,000.00 | | $ | 8,860,193.05 | | 0 | | $ | 0.00 | | $ | 575,965.46 | | $ | 9,436,158.51 | |
10/28/2003 | | Interest | | $ | 0.00 | | $ | 8,860,193.05 | | 5 | | $ | 12,137.25 | | $ | 588,102.71 | | $ | 9,448,295.76 | |
10/28/2003 | | Deposit to Medicor | | $ | 45,000.00 | | $ | 8,905,193.05 | | 0 | | $ | 0.00 | | $ | 588,102.71 | | $ | 9,493,295.76 | |
10/31/2003 | | Interest | | $ | 0.00 | | $ | 8,905,193.05 | | 3 | | $ | 7,319.34 | | $ | 595,422.05 | | $ | 9,500,615.10 | |
10/31/2003 | | Deposit to Medicor | | $ | 90,000.00 | | $ | 8,995,193.05 | | 0 | | $ | 0.00 | | $ | 595,422.05 | | $ | 9,590,615.10 | |
11/4/2003 | | Interest | | $ | 0.00 | | $ | 8,995,193.05 | | 4 | | $ | 9,857.75 | | $ | 605,279.80 | | $ | 9,600,472.85 | |
11/4/2003 | | Deposit to Medicor | | $ | 80,000.00 | | $ | 9,075,193.05 | | 0 | | $ | 0.00 | | $ | 605,279.80 | | $ | 9,680,472.85 | |
11/13/2003 | | Interest | | $ | 0.00 | | $ | 9,075,193.05 | | 9 | | $ | 22,377.19 | | $ | 627,656.99 | | $ | 9,702,850.04 | |
11/13/2003 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 9,115,193.05 | | 0 | | $ | 0.00 | | $ | 627,656.99 | | $ | 9,742,850.04 | |
11/14/2003 | | Interest | | $ | 0.00 | | $ | 9,115,193.05 | | 1 | | $ | 2,497.31 | | $ | 630,154.30 | | $ | 9,745,347.35 | |
11/14/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 9,215,193.05 | | 0 | | $ | 0.00 | | $ | 630,154.30 | | $ | 9,845,347.35 | |
11/26/2003 | | Interest | | $ | 0.00 | | $ | 9,215,193.05 | | 12 | | $ | 30,296.53 | | $ | 660,450.82 | | $ | 9,875,643.87 | |
11/26/2003 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 9,315,193.05 | | 0 | | $ | 0.00 | | $ | 660,450.82 | | $ | 9,975,643.87 | |
11/26/2003 | | Payment of interest | | $ | (327,708.64 | ) | $ | 9,315,193.05 | | 0 | | $ | 0.00 | | $ | 332,742.18 | | $ | 9,647,935.23 | |
11/30/2003 | | Interest | | $ | 0.00 | | $ | 9,315,193.05 | | 4 | | $ | 10,208.43 | | $ | 342,950.61 | | $ | 9,658,143.66 | |
12/17/2003 | | Exercise of Warrants | | $ | (5,250.75 | ) | $ | 9,309,942.30 | | 17 | | $ | 43,361.38 | | $ | 386,311.99 | | $ | 9,696,254.29 | |
12/30/2003 | | Interest | | $ | 0.00 | | $ | 9,309,942.30 | | 13 | | $ | 33,158.70 | | $ | 419,470.69 | | $ | 9,729,412.99 | |
12/30/2003 | | Deposit to Medicor | | $ | 60,000.00 | | $ | 9,369,942.30 | | 0 | | $ | 0.00 | | $ | 419,470.69 | | $ | 9,789,412.99 | |
12/31/2003 | | Interest | | $ | 0.00 | | $ | 9,369,942.30 | | 1 | | $ | 2,567.11 | | $ | 422,037.80 | | $ | 9,791,980.10 | |
1/8/2004 | | Interest | | $ | 0.00 | | $ | 9,369,942.30 | | 8 | | $ | 20,536.86 | | $ | 442,574.66 | | $ | 9,812,516.96 | |
1/8/2004 | | Deposit to Medicor | | $ | 16,000.00 | | $ | 9,385,942.30 | | 0 | | $ | 0.00 | | $ | 442,574.66 | | $ | 9,828,516.96 | |
1/12/2004 | | Interest | | $ | 0.00 | | $ | 9,385,942.30 | | 4 | | $ | 10,285.96 | | $ | 452,860.62 | | $ | 9,838,802.92 | |
1/12/2004 | | Deposit to Medicor | | $ | 70,000.00 | | $ | 9,455,942.30 | | 0 | | $ | 0.00 | | $ | 452,860.62 | | $ | 9,908,802.92 | |
1/16/2004 | | Interest | | $ | 0.00 | | $ | 9,455,942.30 | | 4 | | $ | 10,362.68 | | $ | 463,223.30 | | $ | 9,919,165.60 | |
1/16/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 9,555,942.30 | | 0 | | $ | 0.00 | | $ | 463,223.30 | | $ | 10,019,165.60 | |
1/21/2004 | | Interest | | $ | 0.00 | | $ | 9,555,942.30 | | 5 | | $ | 13,090.33 | | $ | 476,313.63 | | $ | 10,032,255.93 | |
1/21/2004 | | Deposit to Medicor | | $ | 15,000.00 | | $ | 9,570,942.30 | | 0 | | $ | 0.00 | | $ | 476,313.63 | | $ | 10,047,255.93 | |
1/23/2004 | | Interest | | $ | 0.00 | | $ | 9,570,942.30 | | 2 | | $ | 5,244.35 | | $ | 481,557.98 | | $ | 10,052,500.28 | |
1/23/2004 | | Deposit to Medicor | | $ | 30,000.00 | | $ | 9,600,942.30 | | 0 | | $ | 0.00 | | $ | 481,557.98 | | $ | 10,082,500.28 | |
1/29/2004 | | Interest | | $ | 0.00 | | $ | 9,600,942.30 | | 6 | | $ | 15,782.37 | | $ | 497,340.35 | | $ | 10,098,282.65 | |
1/29/2004 | | Deposit to Medicor | | $ | 12,000.00 | | $ | 9,612,942.30 | | 0 | | $ | 0.00 | | $ | 497,340.35 | | $ | 10,110,282.65 | |
1/29/2004 | | Deposit to Medicor | | $ | 15,000.00 | | $ | 9,627,942.30 | | 0 | | $ | 0.00 | | $ | 497,340.35 | | $ | 10,125,282.65 | |
1/30/2004 | | Interest | | $ | 0.00 | | $ | 9,627,942.30 | | 1 | | $ | 2,637.79 | | $ | 499,978.14 | | $ | 10,127,920.44 | |
1/30/2004 | | Deposit to Medicor | | $ | 10,000.00 | | $ | 9,637,942.30 | | 0 | | $ | 0.00 | | $ | 499,978.14 | | $ | 10,137,920.44 | |
1/31/2004 | | Interest | | $ | 0.00 | | $ | 9,637,942.30 | | 1 | | $ | 2,640.53 | | $ | 502,618.68 | | $ | 10,140,560.98 | |
2/2/2004 | | Interest | | $ | 0.00 | | $ | 9,637,942.30 | | 2 | | $ | 5,281.06 | | $ | 507,899.74 | | $ | 10,145,842.04 | |
2/2/2004 | | Deposit to Medicor | | $ | 9,000.00 | | $ | 9,646,942.30 | | 0 | | $ | 0.00 | | $ | 507,899.74 | | $ | 10,154,842.04 | |
2/3/2004 | | Interest | | $ | 0.00 | | $ | 9,646,942.30 | | 1 | | $ | 2,643.00 | | $ | 510,542.74 | | $ | 10,157,485.04 | |
2/3/2004 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 10,046,942.30 | | 0 | | $ | 0.00 | | $ | 510,542.74 | | $ | 10,557,485.04 | |
2/4/2004 | | Interest | | $ | 0.00 | | $ | 10,046,942.30 | | 1 | | $ | 2,752.59 | | $ | 513,295.32 | | $ | 10,560,237.62 | |
2/4/2004 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 10,446,942.30 | | 0 | | $ | 0.00 | | $ | 513,295.32 | | $ | 10,960,237.62 | |
2/11/2004 | | Interest | | $ | 0.00 | | $ | 10,446,942.30 | | 7 | | $ | 20,035.23 | | $ | 533,330.56 | | $ | 10,980,272.86 | |
2/11/2004 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 10,596,942.30 | | 0 | | $ | 0.00 | | $ | 533,330.56 | | $ | 11,130,272.86 | |
2
Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
2/13/2004 | | Interest | | $ | 0.00 | | $ | 10,596,942.30 | | 2 | | $ | 5,806.54 | | $ | 539,137.10 | | $ | 11,136,079.40 | |
2/13/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 10,696,942.30 | | 0 | | $ | 0.00 | | $ | 539,137.10 | | $ | 11,236,079.40 | |
2/19/2004 | | Interest | | $ | 0.00 | | $ | 10,696,942.30 | | 6 | | $ | 17,584.01 | | $ | 556,721.12 | | $ | 11,253,663.42 | |
2/19/2004 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 10,996,942.30 | | 0 | | $ | 0.00 | | $ | 556,721.12 | | $ | 11,553,663.42 | |
2/24/2004 | | Interest | | $ | 0.00 | | $ | 10,996,942.30 | | 5 | | $ | 15,064.30 | | $ | 571,785.42 | | $ | 11,568,727.72 | |
2/24/2004 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 11,196,942.30 | | 0 | | $ | 0.00 | | $ | 571,785.42 | | $ | 11,768,727.72 | |
2/29/2004 | | Interest | | $ | 0.00 | | $ | 11,196,942.30 | | 5 | | $ | 15,338.28 | | $ | 587,123.70 | | $ | 11,784,066.00 | |
3/1/2004 | | Interest | | $ | 0.00 | | $ | 11,196,942.30 | | 1 | | $ | 3,067.66 | | $ | 590,191.35 | | $ | 11,787,133.65 | |
3/1/2004 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 11,346,942.30 | | 0 | | $ | 0.00 | | $ | 590,191.35 | | $ | 11,937,133.65 | |
3/2/2004 | | Interest | | $ | 0.00 | | $ | 11,346,942.30 | | 1 | | $ | 3,108.75 | | $ | 593,300.10 | | $ | 11,940,242.40 | |
3/2/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 11,446,942.30 | | 0 | | $ | 0.00 | | $ | 593,300.10 | | $ | 12,040,242.40 | |
3/3/2004 | | Interest | | $ | 0.00 | | $ | 11,446,942.30 | | 1 | | $ | 3,136.15 | | $ | 596,436.25 | | $ | 12,043,378.55 | |
3/3/2004 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 11,496,942.30 | | 0 | | $ | 0.00 | | $ | 596,436.25 | | $ | 12,093,378.55 | |
3/5/2004 | | Interest | | $ | 0.00 | | $ | 11,496,942.30 | | 2 | | $ | 6,299.69 | | $ | 602,735.95 | | $ | 12,099,678.25 | |
3/5/2004 | | Deposit to Medicor | | $ | 70,000.00 | | $ | 11,566,942.30 | | 0 | | $ | 0.00 | | $ | 602,735.95 | | $ | 12,169,678.25 | |
3/12/2004 | | Interest | | $ | 0.00 | | $ | 11,566,942.30 | | 7 | | $ | 22,183.18 | | $ | 624,919.12 | | $ | 12,191,861.42 | |
3/12/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 11,666,942.30 | | 0 | | $ | 0.00 | | $ | 624,919.12 | | $ | 12,291,861.42 | |
3/19/2004 | | Interest | | $ | 0.00 | | $ | 11,666,942.30 | | 7 | | $ | 22,374.96 | | $ | 647,294.08 | | $ | 12,314,236.38 | |
3/19/2004 | | Deposit to Medicor | | $ | 130,000.00 | | $ | 11,796,942.30 | | 0 | | $ | 0.00 | | $ | 647,294.08 | | $ | 12,444,236.38 | |
3/26/2004 | | Interest | | $ | 0.00 | | $ | 11,796,942.30 | | 7 | | $ | 22,624.27 | | $ | 669,918.35 | | $ | 12,466,860.65 | |
3/26/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 11,896,942.30 | | 0 | | $ | 0.00 | | $ | 669,918.35 | | $ | 12,566,860.65 | |
3/31/2004 | | Interest | | $ | 0.00 | | $ | 11,896,942.30 | | 5 | | $ | 16,297.18 | | $ | 686,215.54 | | $ | 12,583,157.84 | |
4/1/2004 | | Interest | | $ | 0.00 | | $ | 11,896,942.30 | | 1 | | $ | 3,259.44 | | $ | 689,474.97 | | $ | 12,586,417.27 | |
4/1/2004 | | Deposit to Medicor | | $ | 90,000.00 | | $ | 11,986,942.30 | | 0 | | $ | 0.00 | | $ | 689,474.97 | | $ | 12,676,417.27 | |
4/2/2004 | | Interest | | $ | 0.00 | | $ | 11,986,942.30 | | 1 | | $ | 3,284.09 | | $ | 692,759.07 | | $ | 12,679,701.37 | |
4/2/2004 | | Deposit to Medicor | | $ | 120,000.00 | | $ | 12,106,942.30 | | 0 | | $ | 0.00 | | $ | 692,759.07 | | $ | 12,799,701.37 | |
4/12/2004 | | Interest | | $ | 0.00 | | $ | 12,106,942.30 | | 10 | | $ | 33,169.70 | | $ | 725,928.77 | | $ | 12,832,871.07 | |
4/12/2004 | | Deposit to Medicor | | $ | 145,000.00 | | $ | 12,251,942.30 | | 0 | | $ | 0.00 | | $ | 725,928.77 | | $ | 12,977,871.07 | |
4/12/2004 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 12,651,942.30 | | 0 | | $ | 0.00 | | $ | 725,928.77 | | $ | 13,377,871.07 | |
4/16/2004 | | Interest | | $ | 0.00 | | $ | 12,651,942.30 | | 4 | | $ | 13,865.14 | | $ | 739,793.91 | | $ | 13,391,736.21 | |
4/16/2004 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 13,051,942.30 | | 0 | | $ | 0.00 | | $ | 739,793.91 | | $ | 13,791,736.21 | |
4/23/2004 | | Interest | | $ | 0.00 | | $ | 13,051,942.30 | | 7 | | $ | 25,031.12 | | $ | 764,825.03 | | $ | 13,816,767.33 | |
4/23/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 13,151,942.30 | | 0 | | $ | 0.00 | | $ | 764,825.03 | | $ | 13,916,767.33 | |
4/28/2004 | | Interest | | $ | 0.00 | | $ | 13,151,942.30 | | 5 | | $ | 18,016.36 | | $ | 782,841.39 | | $ | 13,934,783.69 | |
4/28/2004 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 13,171,942.30 | | 0 | | $ | 0.00 | | $ | 782,841.39 | | $ | 13,954,783.69 | |
4/29/2004 | | Interest | | $ | 0.00 | | $ | 13,171,942.30 | | 1 | | $ | 3,608.75 | | $ | 786,450.15 | | $ | 13,958,392.45 | |
4/29/2004 | | Deposit to Medicor | | $ | 40,000.00 | | $ | 13,211,942.30 | | 0 | | $ | 0.00 | | $ | 786,450.15 | | $ | 13,998,392.45 | |
4/30/2004 | | Interest | | $ | 0.00 | | $ | 13,211,942.30 | | 1 | | $ | 3,619.71 | | $ | 790,069.86 | | $ | 14,002,012.16 | |
5/4/2004 | | Interest | | $ | 0.00 | | $ | 13,211,942.30 | | 4 | | $ | 14,478.84 | | $ | 804,548.70 | | $ | 14,016,491.00 | |
5/4/2004 | | Deposit to Medicor | | $ | 30,000.00 | | $ | 13,241,942.30 | | 0 | | $ | 0.00 | | $ | 804,548.70 | | $ | 14,046,491.00 | |
5/12/2004 | | Interest | | $ | 0.00 | | $ | 13,241,942.30 | | 8 | | $ | 29,023.44 | | $ | 833,572.13 | | $ | 14,075,514.43 | |
5/12/2004 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 13,261,942.30 | | 0 | | $ | 0.00 | | $ | 833,572.13 | | $ | 14,095,514.43 | |
5/12/2004 | | Options Excersied - DKM | | $ | (12,426.80 | ) | $ | 13,249,515.50 | | 0 | | $ | 0.00 | | $ | 833,572.13 | | $ | 14,083,087.63 | |
5/12/2004 | | Options Excersied - DKM | | $ | (193,579.08 | ) | $ | 13,055,936.42 | | 0 | | $ | 0.00 | | $ | 833,572.13 | | $ | 13,889,508.55 | |
5/12/2004 | | Options Excersied - JJM | | $ | (7,456.08 | ) | $ | 13,048,480.34 | | 0 | | $ | 0.00 | | $ | 833,572.13 | | $ | 13,882,052.47 | |
5/12/2004 | | Options Excersied - JJM | | $ | (193,579.08 | ) | $ | 12,854,901.26 | | 0 | | $ | 0.00 | | $ | 833,572.13 | | $ | 13,688,473.39 | |
5/20/2004 | | Payment of interest | | $ | (350,000.00 | ) | $ | 12,854,901.26 | | 8 | | $ | 28,175.13 | | $ | 511,747.26 | | $ | 13,366,648.52 | |
5/31/2004 | | Interest | | $ | 0.00 | | $ | 12,854,901.26 | | 11 | | $ | 38,740.80 | | $ | 550,488.06 | | $ | 13,405,389.32 | |
6/10/2004 | | Interest | | $ | 0.00 | | $ | 12,854,901.26 | | 10 | | $ | 35,218.91 | | $ | 585,706.96 | | $ | 13,440,608.22 | |
6/10/2004 | | Payment of interest | | $ | (150,000.00 | ) | $ | 12,854,901.26 | | 0 | | $ | 0.00 | | $ | 435,706.96 | | $ | 13,290,608.22 | |
6/11/2004 | | Interest | | $ | 0.00 | | $ | 12,854,901.26 | | 1 | | $ | 3,521.89 | | $ | 439,228.85 | | $ | 13,294,130.11 | |
6/11/2004 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 13,054,901.26 | | 0 | | $ | 0.00 | | $ | 439,228.85 | | $ | 13,494,130.11 | |
6/16/2004 | | Interest | | $ | 0.00 | | $ | 13,054,901.26 | | 5 | | $ | 17,883.43 | | $ | 457,112.28 | | $ | 13,512,013.54 | |
6/16/2004 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 13,204,901.26 | | 0 | | $ | 0.00 | | $ | 457,112.28 | | $ | 13,662,013.54 | |
6/22/2004 | | Interest | | $ | 0.00 | | $ | 13,204,901.26 | | 6 | | $ | 21,706.69 | | $ | 478,818.97 | | $ | 13,683,720.23 | |
6/22/2004 | | Deposit to Medicor | | $ | 16,500.00 | | $ | 13,221,401.26 | | 0 | | $ | 0.00 | | $ | 478,818.97 | | $ | 13,700,220.23 | |
6/24/2004 | | Interest | | $ | 0.00 | | $ | 13,221,401.26 | | 2 | | $ | 7,244.60 | | $ | 486,063.57 | | $ | 13,707,464.83 | |
6/24/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 13,321,401.26 | | 0 | | $ | 0.00 | | $ | 486,063.57 | | $ | 13,807,464.83 | |
6/30/2004 | | Interest | | $ | 0.00 | | $ | 13,321,401.26 | | 6 | | $ | 21,898.19 | | $ | 507,961.77 | | $ | 13,829,363.03 | |
6/30/2004 | | Wire transfer for Medicor | | $ | 26,000,000.00 | | $ | 39,321,401.26 | | 0 | | $ | 0.00 | | $ | 507,961.77 | | $ | 39,829,363.03 | |
6/30/2004 | | Conversion to Preferred Stock | | $ | (5,005,000.00 | ) | $ | 34,316,401.26 | | 0 | | $ | 0.00 | | $ | 507,961.77 | | $ | 34,824,363.03 | |
7/1/2004 | | Interest | | $ | 0.00 | | $ | 34,316,401.26 | | 1 | | $ | 9,401.75 | | $ | 517,363.52 | | $ | 34,833,764.78 | |
7/1/2004 | | Wire transfer for Medicor | | $ | 7,000,000.00 | | $ | 41,316,401.26 | | 0 | | $ | 0.00 | | $ | 517,363.52 | | $ | 41,833,764.78 | |
3
Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
7/2/2004 | | Interest | | $ | 0.00 | | $ | 41,316,401.26 | | 1 | | $ | 11,319.56 | | $ | 528,683.08 | | $ | 41,845,084.34 | |
7/2/2004 | | Wire transfer for Medicor | | $ | 4,000,000.00 | | $ | 45,316,401.26 | | 0 | | $ | 0.00 | | $ | 528,683.08 | | $ | 45,845,084.34 | |
7/7/2004 | | Interest | | $ | 0.00 | | $ | 45,316,401.26 | | 5 | | $ | 62,077.26 | | $ | 590,760.34 | | $ | 45,907,161.60 | |
7/7/2004 | | Wire transfer to Medicor | | $ | 3,400,000.00 | | $ | 48,716,401.26 | | 0 | | $ | 0.00 | | $ | 590,760.34 | | $ | 49,307,161.60 | |
7/9/2004 | | Interest | | $ | 0.00 | | $ | 48,716,401.26 | | 2 | | $ | 26,693.92 | | $ | 617,454.26 | | $ | 49,333,855.52 | |
7/9/2004 | | Payment of interest | | $ | (564,248.01 | ) | $ | 48,716,401.26 | | 0 | | $ | 0.00 | | $ | 53,206.25 | | $ | 48,769,607.51 | |
7/9/2004 | | Payment of principal | | $ | (435,751.99 | ) | $ | 48,280,649.27 | | 0 | | $ | 0.00 | | $ | 53,206.25 | | $ | 48,333,855.52 | |
7/31/2004 | | Interest | | $ | 0.00 | | $ | 48,280,649.27 | | 22 | | $ | 291,006.65 | | $ | 344,212.90 | | $ | 48,624,862.17 | |
8/31/2004 | | Interest | | $ | 0.00 | | $ | 48,280,649.27 | | 31 | | $ | 410,054.83 | | $ | 754,267.73 | | $ | 49,034,917.00 | |
9/21/2004 | | Payment of interest | | $ | (754,267.00 | ) | $ | 48,280,649.27 | | 21 | | $ | 277,779.08 | | $ | 277,779.81 | | $ | 48,558,429.08 | |
9/21/2004 | | Payment of principal | | $ | (5,000,000.00 | ) | $ | 43,280,649.27 | | 0 | | $ | 0.00 | | $ | 277,779.81 | | $ | 43,558,429.08 | |
9/30/2004 | | Interest | | | | $ | 43,280,649.27 | | 9 | | $ | 106,719.41 | | $ | 384,499.22 | | $ | 43,665,148.49 | |
10/29/2004 | | Interest | | | | $ | 43,280,649.27 | | 29 | | $ | 343,873.65 | | $ | 728,372.87 | | $ | 44,009,022.14 | |
10/29/2004 | | Payment of interest | | $ | (200,000.00 | ) | $ | 43,280,649.27 | | 0 | | $ | 0.00 | | $ | 528,372.87 | | $ | 43,809,022.14 | |
10/31/2004 | | Interest | | | | $ | 43,280,649.27 | | 2 | | $ | 23,715.42 | | $ | 552,088.30 | | $ | 43,832,737.57 | |
11/18/2004 | | Wire transfer to Medicor | | $ | 300,000.00 | | $ | 43,580,649.27 | | 18 | | $ | 214,918.27 | | $ | 767,006.57 | | $ | 44,347,655.84 | |
11/30/2004 | | Interest | | | | $ | 43,580,649.27 | | 12 | | $ | 143,278.85 | | $ | 910,285.41 | | $ | 44,490,934.68 | |
12/3/2004 | | Interest | | | | $ | 43,580,649.27 | | 3 | | $ | 35,819.71 | | $ | 946,105.13 | | $ | 44,526,754.40 | |
12/3/2004 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 43,680,649.27 | | 0 | | $ | 0.00 | | $ | 946,105.13 | | $ | 44,626,754.40 | |
12/8/2004 | | Interest | | | | $ | 43,680,649.27 | | 5 | | $ | 59,836.51 | | $ | 1,005,941.63 | | $ | 44,686,590.90 | |
12/8/2004 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 43,880,649.27 | | 0 | | $ | 0.00 | | $ | 1,005,941.63 | | $ | 44,886,590.90 | |
12/10/2004 | | Interest | | | | $ | 43,880,649.27 | | 2 | | $ | 24,044.19 | | $ | 1,029,985.82 | | $ | 44,910,635.09 | |
12/10/2004 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 44,030,649.27 | | 0 | | $ | 0.00 | | $ | 1,029,985.82 | | $ | 45,060,635.09 | |
12/23/2004 | | Interest | | | | $ | 44,030,649.27 | | 13 | | $ | 156,821.49 | | $ | 1,186,807.31 | | $ | 45,217,456.58 | |
12/23/2004 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 44,050,649.27 | | 0 | | $ | 0.00 | | $ | 1,186,807.31 | | $ | 45,237,456.58 | |
12/29/2004 | | Interest | | | | $ | 44,050,649.27 | | 6 | | $ | 72,412.03 | | $ | 1,259,219.34 | | $ | 45,309,868.61 | |
12/29/2004 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 44,100,649.27 | | 0 | | $ | 0.00 | | $ | 1,259,219.34 | | $ | 45,359,868.61 | |
12/31/2004 | | Interest | | | | $ | 44,100,649.27 | | 2 | | $ | 24,164.74 | | $ | 1,283,384.08 | | $ | 45,384,033.35 | |
1/11/2005 | | Interest | | | | $ | 44,100,649.27 | | 11 | | $ | 132,906.07 | | $ | 1,416,290.15 | | $ | 45,516,939.42 | |
1/11/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 44,300,649.27 | | 0 | | $ | 0.00 | | $ | 1,416,290.15 | | $ | 45,716,939.42 | |
1/21/2005 | | Interest | | | | $ | 44,300,649.27 | | 10 | | $ | 121,371.64 | | $ | 1,537,661.79 | | $ | 45,838,311.06 | |
1/21/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 44,500,649.27 | | 0 | | $ | 0.00 | | $ | 1,537,661.79 | | $ | 46,038,311.06 | |
1/31/2005 | | Interest | | | | $ | 44,500,649.27 | | 10 | | $ | 121,919.59 | | $ | 1,659,581.37 | | $ | 46,160,230.64 | |
1/31/2005 | | Deposit to Medicor | | $ | 250,000.00 | | $ | 44,750,649.27 | | 0 | | $ | 0.00 | | $ | 1,659,581.37 | | $ | 46,410,230.64 | |
2/7/2005 | | Interest | | | | $ | 44,750,649.27 | | 7 | | $ | 85,823.16 | | $ | 1,745,404.54 | | $ | 46,496,053.81 | |
2/7/2005 | | Deposit to Medicor | | $ | 220,000.00 | | $ | 44,970,649.27 | | 0 | | $ | 0.00 | | $ | 1,745,404.54 | | $ | 46,716,053.81 | |
2/11/2005 | | Interest | | | | $ | 44,970,649.27 | | 4 | | $ | 49,282.90 | | $ | 1,794,687.44 | | $ | 46,765,336.71 | |
2/11/2005 | | Deposit to Medicor | | $ | 900,000.00 | | $ | 45,870,649.27 | | 0 | | $ | 0.00 | | $ | 1,794,687.44 | | $ | 47,665,336.71 | |
2/28/2005 | | Interest | | | | $ | 45,870,649.27 | | 17 | | $ | 213,644.12 | | $ | 2,008,331.56 | | $ | 47,878,980.83 | |
3/1/2005 | | Interest | | | | $ | 45,870,649.27 | | 1 | | $ | 12,567.30 | | $ | 2,020,898.86 | | $ | 47,891,548.13 | |
3/1/2005 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 46,270,649.27 | | 0 | | $ | 0.00 | | $ | 2,020,898.86 | | $ | 48,291,548.13 | |
3/18/2005 | | Interest | | | | $ | 46,270,649.27 | | 17 | | $ | 215,507.13 | | $ | 2,236,406.00 | | $ | 48,507,055.27 | |
3/18/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 46,770,649.27 | | 0 | | $ | 0.00 | | $ | 2,236,406.00 | | $ | 49,007,055.27 | |
3/21/2005 | | Interest | | | | $ | 46,770,649.27 | | 3 | | $ | 38,441.63 | | $ | 2,274,847.63 | | $ | 49,045,496.90 | |
3/31/2005 | | Interest | | | | $ | 46,770,649.27 | | 10 | | $ | 128,138.77 | | $ | 2,402,986.39 | | $ | 49,173,635.66 | |
4/5/2005 | | Interest | | | | $ | 46,770,649.27 | | 5 | | $ | 64,069.38 | | $ | 2,467,055.77 | | $ | 49,237,705.04 | |
4/5/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 46,970,649.27 | | 0 | | $ | 0.00 | | $ | 2,467,055.77 | | $ | 49,437,705.04 | |
4/7/2005 | | Interest | | | | $ | 46,970,649.27 | | 2 | | $ | 25,737.34 | | $ | 2,492,793.11 | | $ | 49,463,442.38 | |
4/7/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 47,170,649.27 | | 0 | | $ | 0.00 | | $ | 2,492,793.11 | | $ | 49,663,442.38 | |
4/12/2005 | | Interest | | | | $ | 47,170,649.27 | | 5 | | $ | 64,617.33 | | $ | 2,557,410.44 | | $ | 49,728,059.71 | |
4/12/2005 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 47,570,649.27 | | 0 | | $ | 0.00 | | $ | 2,557,410.44 | | $ | 50,128,059.71 | |
4/21/2005 | | Interest | | | | $ | 47,570,649.27 | | 9 | | $ | 117,297.49 | | $ | 2,674,707.93 | | $ | 50,245,357.20 | |
4/21/2005 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 47,870,649.27 | | 0 | | $ | 0.00 | | $ | 2,674,707.93 | | $ | 50,545,357.20 | |
4/22/2005 | | Interest | | | | $ | 47,870,649.27 | | 1 | | $ | 13,115.25 | | $ | 2,687,823.18 | | $ | 50,558,472.45 | |
4/22/2005 | | Warrant Exercised - NMP | | $ | (5,002.27 | ) | $ | 47,865,647.00 | | 0 | | $ | 0.00 | | $ | 2,687,823.18 | | $ | 50,553,470.18 | |
4/22/2005 | | Options Exercised - JJM | | $ | (45,000.00 | ) | $ | 47,820,647.00 | | 0 | | $ | 0.00 | | $ | 2,687,823.18 | | $ | 50,508,470.18 | |
4/22/2005 | | Options Exercised - JJM | | $ | (193,579.08 | ) | $ | 47,627,067.92 | | 0 | | $ | 0.00 | | $ | 2,687,823.18 | | $ | 50,314,891.10 | |
4/22/2005 | | Options Exercised - DKM | | $ | (193,579.08 | ) | $ | 47,433,488.84 | | 0 | | $ | 0.00 | | $ | 2,687,823.18 | | $ | 50,121,312.02 | |
4/29/2005 | | Interest | | | | $ | 47,433,488.84 | | 7 | | $ | 90,968.33 | | $ | 2,778,791.52 | | $ | 50,212,280.36 | |
4/29/2005 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 47,583,488.84 | | 0 | | $ | 0.00 | | $ | 2,778,791.52 | | $ | 50,362,280.36 | |
4/30/2005 | | Interest | | | | $ | 47,583,488.84 | | 1 | | $ | 13,036.57 | | $ | 2,791,828.09 | | $ | 50,375,316.93 | |
5/4/2005 | | Interest | | | | $ | 47,583,488.84 | | 4 | | $ | 52,146.29 | | $ | 2,843,974.38 | | $ | 50,427,463.22 | |
5/4/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 47,783,488.84 | | 0 | | $ | 0.00 | | $ | 2,843,974.38 | | $ | 50,627,463.22 | |
4
Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
5/10/2005 | | Interest | | | | $ | 47,783,488.84 | | 6 | | $ | 78,548.20 | | $ | 2,922,522.58 | | $ | 50,706,011.42 | |
5/10/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 47,883,488.84 | | 0 | | $ | 0.00 | | $ | 2,922,522.58 | | $ | 50,806,011.42 | |
5/13/2005 | | Interest | | | | $ | 47,883,488.84 | | 3 | | $ | 39,356.29 | | $ | 2,961,878.87 | | $ | 50,845,367.71 | |
5/13/2005 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 48,183,488.84 | | 0 | | $ | 0.00 | | $ | 2,961,878.87 | | $ | 51,145,367.71 | |
5/27/2005 | | Interest | | | | $ | 48,183,488.84 | | 14 | | $ | 184,813.38 | | $ | 3,146,692.25 | | $ | 51,330,181.09 | |
5/27/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 48,683,488.84 | | 0 | | $ | 0.00 | | $ | 3,146,692.25 | | $ | 51,830,181.09 | |
5/31/2005 | | Interest | | | | $ | 48,683,488.84 | | 4 | | $ | 53,351.77 | | $ | 3,200,044.02 | | $ | 51,883,532.86 | |
5/31/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 49,183,488.84 | | 0 | | $ | 0.00 | | $ | 3,200,044.02 | | $ | 52,383,532.86 | |
6/17/2005 | | Deposit to Medicor | | $ | 350,000.00 | | $ | 49,533,488.84 | | 17 | | $ | 230,703.92 | | $ | 3,430,747.94 | | $ | 52,964,236.78 | |
6/23/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 50,033,488.84 | | 6 | | $ | 82,246.83 | | $ | 3,512,994.77 | | $ | 53,546,483.61 | |
6/30/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 50,533,488.84 | | 7 | | $ | 96,913.54 | | $ | 3,609,908.31 | | $ | 54,143,397.15 | |
7/12/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 50,733,488.84 | | 12 | | $ | 166,795.03 | | $ | 3,776,703.34 | | $ | 54,510,192.18 | |
7/22/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 50,933,488.84 | | 10 | | $ | 139,543.81 | | $ | 3,916,247.15 | | $ | 54,849,735.99 | |
7/27/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 51,133,488.84 | | 5 | | $ | 70,045.88 | | $ | 3,986,293.02 | | $ | 55,119,781.86 | |
7/31/2005 | | Interest | | $ | 0.00 | | $ | 51,133,488.84 | | 4 | | $ | 56,036.70 | | $ | 4,042,329.72 | | $ | 55,175,818.56 | |
8/3/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 51,233,488.84 | | 3 | | $ | 42,109.72 | | $ | 4,084,439.44 | | $ | 55,317,928.28 | |
8/8/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 51,433,488.84 | | 5 | | $ | 70,456.83 | | $ | 4,154,896.27 | | $ | 55,588,385.11 | |
8/9/2005 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 51,733,488.84 | | 1 | | $ | 14,173.56 | | $ | 4,169,069.83 | | $ | 55,902,558.67 | |
8/12/2005 | | Payment of interest | | $ | (100,000.00 | ) | $ | 51,733,488.84 | | 3 | | $ | 42,520.68 | | $ | 4,111,590.51 | | $ | 55,845,079.35 | |
8/16/2005 | | Deposit to Medicor | | $ | 500,000.00 | | $ | 52,233,488.84 | | 4 | | $ | 57,242.18 | | $ | 4,168,832.69 | | $ | 56,402,321.53 | |
8/26/2005 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 52,533,488.84 | | 10 | | $ | 143,927.37 | | $ | 4,312,760.06 | | $ | 56,846,248.90 | |
8/31/2005 | | Interest | | $ | 0.00 | | $ | 52,533,488.84 | | 5 | | $ | 71,963.68 | | $ | 4,384,723.74 | | $ | 56,918,212.58 | |
9/6/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 52,733,488.84 | | 6 | | $ | 86,685.19 | | $ | 4,471,408.93 | | $ | 57,204,897.77 | |
9/9/2005 | | Deposit to Medicor | | $ | 1,500,000.00 | | $ | 54,233,488.84 | | 3 | | $ | 44,575.47 | | $ | 4,515,984.40 | | $ | 58,749,473.24 | |
9/14/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 54,333,488.84 | | 5 | | $ | 74,429.44 | | $ | 4,590,413.83 | | $ | 58,923,902.67 | |
9/21/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 54,533,488.84 | | 7 | | $ | 104,584.77 | | $ | 4,694,998.61 | | $ | 59,228,487.45 | |
9/23/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 54,733,488.84 | | 2 | | $ | 29,990.95 | | $ | 4,724,989.56 | | $ | 59,458,478.40 | |
9/30/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 54,933,488.84 | | 7 | | $ | 105,351.90 | | $ | 4,830,341.46 | | $ | 59,763,830.30 | |
10/5/2005 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 55,333,488.84 | | 5 | | $ | 75,799.30 | | $ | 4,906,140.76 | | $ | 60,239,629.60 | |
10/14/2005 | | Deposit to Medicor | | $ | 1,000,000.00 | | $ | 56,333,488.84 | | 9 | | $ | 138,904.49 | | $ | 5,045,045.25 | | $ | 61,378,534.09 | |
10/21/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 56,433,488.84 | | 7 | | $ | 108,228.61 | | $ | 5,153,273.86 | | $ | 61,586,762.70 | |
10/28/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 56,533,488.84 | | 7 | | $ | 108,420.39 | | $ | 5,261,694.25 | | $ | 61,795,183.09 | |
10/31/2005 | | Interest | | $ | 0.00 | | $ | 56,533,488.84 | | 3 | | $ | 46,465.88 | | $ | 5,308,160.13 | | $ | 61,841,648.97 | |
11/4/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 56,733,488.84 | | 4 | | $ | 62,173.69 | | $ | 5,370,333.81 | | $ | 62,103,822.65 | |
11/10/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 56,933,488.84 | | 6 | | $ | 93,589.30 | | $ | 5,463,923.11 | | $ | 62,397,411.95 | |
11/22/2005 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 57,233,488.84 | | 12 | | $ | 188,164.89 | | $ | 5,652,088.01 | | $ | 62,885,576.85 | |
11/30/2005 | | Interest | | $ | 0.00 | | $ | 57,233,488.84 | | 8 | | $ | 125,443.26 | | $ | 5,777,531.27 | | $ | 63,011,020.11 | |
12/1/2005 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 57,433,488.84 | | 1 | | $ | 15,735.20 | | $ | 5,793,266.47 | | $ | 63,226,755.31 | |
12/9/2005 | | Deposit to Medicor | | $ | 125,000.00 | | $ | 57,558,488.84 | | 8 | | $ | 126,155.59 | | $ | 5,919,422.06 | | $ | 63,477,910.90 | |
12/19/2005 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 57,708,488.84 | | 10 | | $ | 158,105.45 | | $ | 6,077,527.51 | | $ | 63,786,016.35 | |
12/29/2005 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 57,808,488.84 | | 10 | | $ | 158,379.42 | | $ | 6,235,906.93 | | $ | 64,044,395.77 | |
12/30/2005 | | Warrant Exercised - NMP | | $ | (5,000.66 | ) | $ | 57,803,488.18 | | 1 | | $ | 15,836.57 | | $ | 6,251,743.51 | | $ | 64,055,231.69 | |
12/30/2005 | | Options Exercised - JJM | | $ | (193,579.08 | ) | $ | 57,609,909.10 | | 0 | | $ | 0.00 | | $ | 6,251,743.51 | | $ | 63,861,652.61 | �� |
12/30/2005 | | Options Exercised - JJM | | $ | (45,000.00 | ) | $ | 57,564,909.10 | | 0 | | $ | 0.00 | | $ | 6,251,743.51 | | $ | 63,816,652.61 | |
12/30/2005 | | Options Exercised - DKM | | $ | (193,579.08 | ) | $ | 57,371,330.02 | | 0 | | $ | 0.00 | | $ | 6,251,743.51 | | $ | 63,623,073.53 | |
12/31/2005 | | Interest | | $ | 0.00 | | $ | 57,371,330.02 | | 1 | | $ | 15,718.17 | | $ | 6,267,461.68 | | $ | 63,638,791.70 | |
1/3/2006 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 57,421,330.02 | | 3 | | $ | 47,195.61 | | $ | 6,314,657.29 | | $ | 63,735,987.31 | |
1/10/2006 | | Deposit to Medicor | | $ | 125,000.00 | | $ | 57,546,330.02 | | 7 | | $ | 110,362.82 | | $ | 6,425,020.12 | | $ | 63,971,350.14 | |
1/11/2006 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 57,646,330.02 | | 1 | | $ | 15,793.52 | | $ | 6,440,813.63 | | $ | 64,087,143.65 | |
1/13/2006 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 57,846,330.02 | | 2 | | $ | 31,696.62 | | $ | 6,472,510.25 | | $ | 64,318,840.27 | |
1/17/2006 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 57,866,330.02 | | 4 | | $ | 63,415.16 | | $ | 6,535,925.41 | | $ | 64,402,255.43 | |
1/23/2006 | | Deposit to Medicor | | $ | 300,000.00 | | $ | 58,166,330.02 | | 6 | | $ | 95,615.88 | | $ | 6,631,541.29 | | $ | 64,797,871.31 | |
1/27/2006 | | Deposit to Medicor | | $ | 60,000.00 | | $ | 58,226,330.02 | | 4 | | $ | 63,809.68 | | $ | 6,695,350.97 | | $ | 64,921,680.99 | |
1/31/2006 | | Warrants Exercised - Trust | | $ | (20,036.32 | ) | $ | 58,206,293.70 | | 4 | | $ | 63,787.72 | | $ | 6,759,138.69 | | $ | 64,965,432.39 | |
2/1/2006 | | Deposit to Medicor | | $ | 400,000.00 | | $ | 58,606,293.70 | | 1 | | $ | 16,056.52 | | $ | 6,775,195.21 | | $ | 65,381,488.91 | |
2/8/2006 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 58,806,293.70 | | 7 | | $ | 112,779.19 | | $ | 6,887,974.40 | | $ | 65,694,268.10 | |
2/10/2006 | | Deposit to Medicor | | $ | 50,000.00 | | $ | 58,856,293.70 | | 2 | | $ | 32,250.02 | | $ | 6,920,224.42 | | $ | 65,776,518.12 | |
2/17/2006 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 59,006,293.70 | | 7 | | $ | 113,162.76 | | $ | 7,033,387.18 | | $ | 66,039,680.88 | |
2/27/2006 | | Deposit to Medicor | | $ | 150,000.00 | | $ | 59,156,293.70 | | 10 | | $ | 162,072.04 | | $ | 7,195,459.22 | | $ | 66,351,752.92 | |
2/28/2006 | | Interest | | $ | 0.00 | | $ | 59,156,293.70 | | 1 | | $ | 16,207.20 | | $ | 7,211,666.42 | | $ | 66,367,960.12 | |
3/6/2006 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 59,356,293.70 | | 6 | | $ | 97,571.99 | | $ | 7,309,238.41 | | $ | 66,665,532.11 | |
3/7/2006 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 59,456,293.70 | | 1 | | $ | 16,289.40 | | $ | 7,325,527.81 | | $ | 66,781,821.51 | |
3/10/2006 | | Deposit to Medicor | | $ | 10,000.00 | | $ | 59,466,293.70 | | 3 | | $ | 48,876.41 | | $ | 7,374,404.21 | | $ | 66,840,697.91 | |
5
Date | | Description | | Amount | | Principal Balance | | # Days | | 10% Interest | | Accrued Interest | | Balance | |
3/13/2006 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 59,486,293.70 | | 3 | | $ | 48,892.84 | | $ | 7,423,297.06 | | $ | 66,909,590.76 | |
3/15/2006 | | Deposit to Medicor | | $ | 20,000.00 | | $ | 59,506,293.70 | | 2 | | $ | 32,606.19 | | $ | 7,455,903.24 | | $ | 66,962,196.94 | |
3/17/2006 | | Deposit to Medicor | | $ | 100,000.00 | | $ | 59,606,293.70 | | 2 | | $ | 32,660.98 | | $ | 7,488,564.23 | | $ | 67,094,857.93 | |
3/21/2006 | | Deposit to Medicor | | $ | 900,000.00 | | $ | 60,506,293.70 | | 4 | | $ | 66,308.27 | | $ | 7,554,872.49 | | $ | 68,061,166.19 | |
3/28/2006 | | Warrants Exercised - Trust | | $ | (20,036.32 | ) | $ | 60,486,257.38 | | 7 | | $ | 116,001.04 | | $ | 7,670,873.54 | | $ | 68,157,130.92 | |
3/30/2006 | | Payment of interest | | $ | (300,000.00 | ) | $ | 60,486,257.38 | | 2 | | $ | 33,143.15 | | $ | 7,404,016.69 | | $ | 67,890,274.07 | |
4/26/2006 | | Deposit to Medicor | | $ | 200,000.00 | | $ | 60,686,257.38 | | 27 | | $ | 448,912.04 | | $ | 7,852,928.73 | | $ | 68,539,186.11 | |
Principal And Interest At 26 April 2006 | | $ | 68,539,186.11 | |
Assigned Principal Amount in Connection with Re-issuance of Two Separate Notes on 26 April 2006 | | $ | 37,500,000.00 | |
Remaining Principal of this Note | | $ | 23,186,257.38 | |
Remaining Interest Capitalized for this Note | | $ | 7,852,928.73 | |
Principal and Interest of this Note | | $ | 31,039,186.11 | |
6
