Exhibit 4.4
PROMISSORY NOTE
$USD 15,000
November 30, 2001
TO:
Cusil Venture Corporation
FOR VALUE RECEIVED, the undersigned, InNexus Inc. (the "Borrower"), of #196, 3405-172nd Street, Arlington (Seattle), Washington, 98223 HEREBY PROMISES TO PAY ON DEMAND made on or after December 31, 2001 (the "Maturity Date"), to the order of Cusil Venture Corporation (the "Lender") at 1400-400 Burrard Street, Vancouver, British Columbia V6C 3G2, the principal sum of $USD 15,000 OR such other amount as may be specified on Exhibit “I” hereto as the principal amount then due and outstanding after giving effect to further advances to or repayments by the Borrower (the “Principal Amount”) and to pay interest on the principal amount hereof outstanding from time to time until and upon maturity at the rate of 8% per annum calculated and payable semi-annually in arrears in arrears. Interest as aforesaid shall accrue and be payable both before and after demand, b efore and after default and before and after judgment.
Presentment, protest, notice of protest and notice of dishonor are hereby waived. Defenses based on and all indulgences and forebearances which may be granted by the holder to any party liable hereon are hereby waived. Interest shall be computed on the basis of a year of 365 days and the actual number of days elapsed. Should interest not be paid when due, it shall thereafter bear interest at the same rate as for principal.
The Principal or any portion thereof may be repaid at any time prior to the Maturity Date without notice or bonus and the Lender shall cause such repayment to be duly noted on Exhibit “I” hereto. If the Principal Amount owing pursuant hereto is repaid in part, the Borrower shall, upon delivery to it of this note, or a note substituted for the note, for cancellation, issue a promissory note in like form representing the amount of principal then outstanding.
SIGNED and DELIVERED by
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InNexus Inc.
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”Allen D. Leschert”
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in the presence of:
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InNexus Inc.
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Allen D. Leschert,
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Per: “Alton C. Morgan”
Name of Witness
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Alton C. Morgan
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500-999 West Hastings street, Vancouver
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British Columbia, V6C 2W2
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Address of Witness
)
)
Barrister & Solicitor
)
Occupation of Witness
)
)
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EXHIBIT “I” TO PROMISSORY NOTE MADE BY INNEXUS INC. ("BORROWER") IN FAVOUR OF CUSIL VENTURE CORPORATION ("LENDER")
AND DATED NOVEMBER 30, 2001
Advances and Repayments of Principal
DATE | PRINCIPAL (OPENING) | ADVANCES | REPAYMENTS | PRINCIPAL (CLOSING) | DESCRIPTION | AUTHORIZED SIGNATURE OF BORROWER/ LENDER |
Nov 30, 2001 | nil | $USD 15,000 | nil | $USD 15,000 | Initial Principal Amount | “ACM” “SR” |
Dec 5, 2001 | $USD 15,000 | $USD 10,000 | Nil | $USD 25,000 | Second Advance | “ACM” “SR” |
March 1, 2002 | $USD 25,000 | $USD 10,425 | Nil | $USD 35,425 | ImmPheron InNexus Adv | “ACM” “SR” |
March 4, 2002 | $USD 35,425 | $USD1,100 | Nil | $USD 36,525 | Rent - ImmPheron | “ACM” “SR” |
March 7, 2002 | $USD 36,525 | $USD1,575 | Nil | $USD 38,100 | Advance to InNexus | “ACM” “SR” |
March 12, 2002 | $USD 38,100 | $USD 1,000 | Nil | $USD 39,100 | Advance to ImmPheron (Rent) | “ACM” “SR” |
March 18, 2002 | $USD 39,100 | $USD 1,575 | Nil | $USD 40,675 | Advance to InNexus | “ACM” “SR” |
March 19, 2002 | $USD 40,675 | $USD 2,400 | Nil | $USD 43,075 | WT to ImmPheron | “ACM” “SR” |
March 22, 2002 | $USD 43,075 | $USD 9,495 | Nil | $USD 52,570 | Advance to InNexus | “ACM” “SR” |
March 27, 2002 | $USD 52,570 | $USD 23,580 | Nil | $USD 76,150 | WT to ImmPheron | “ACM” “SR” |
March 28, 2002 | $USD 76,150 | $USD 10,172.11 | Nil | $USD 86,322.11 | WT to Keaveney | “ACM” “SR” |
March 28, 2002 | $USD 86,322.11 | $USD 10,172.11 | Nil | $USD 96,494.22 | WR to Fowler | “ACM” “SR” |
April 5, 2002 | $USD 86,494.22 | $USD 8,652.50 | Nil | $USD 105,146.82 | Advance to InNexus | “ACM” “SR” |
May 2, 2002 | $USD 105,146.82 | $USD 14,340.03 | Nil | $USD 119,486.85 | Advance to InNexus | “ACM” “SR” |
May 3, 2002 | $USD 119,486.85 | $USD 5596 | Nil | $USD 125,,082.85 | WT to Fowler | “ACM” “SR” |
May 1, 2002 | $USD 125,082.85 | $USD 8,623 | Nil | $USD 133,705.85 | WT to ImmPheron | “ACM” “SR” |
May 3, 2002 | $USD 133,705.85 | $USD 2924.29 | Nil | $USD 136,630.14 | Advantage (London) | “ACM” “SR” |
April 13, 2002 | $USD 136,630.04 | $USD 789.09 | Nil | $USD 137,413.23 | Kerr Redekopp (Lawyers) | “ACM” “SR” |
May 23, 2002 | $USD 137,419.23 | $USD 1,843.20 | Nil | $USD 139,262.43 | Advantage (London) | “ACM” “SR” |
May 30, 2002 | $USD 139,262.43 | $USD 12,444.31 | Nil | $USD 151,706.74 | Adv. To North Bioscience | “ACM” “SR” |
June 1, 2002 | $USD 151,706.74 | $USD 8,623 | Nil | $USD 160,329.74 | Advance to ImmPheron | “ACM” “SR” |
June 1, 2002 | $USD 160,329.74 | $USD 5000 | Nil | $USD 165,329.74 | WT to Fowler | “ACM” “SR” |
June 6, 2002 | $USD 165,329.74 | $USD 6,600 | Nil | $USD 171,929.74 | Acquisition from Immune Network | “ACM” “SR” |
June 13, 2002 | $USD 171,929.74 | $USD 3003.04 | Nil | $USD 174,932.78 | Advance re London Trip | “ACM” “SR” |
May 30, 2002 | $USD 174,932.78 | $USD 6,450 | Nil | $USD 174,997.28 | Filing Fee – InNexus | “ACM” “SR” |
June 17, 2002 | $USD 174,997.28 | $USD 3,333 | Nil | $USD 178,330.28 | ImmPheron KSEF Grad | “ACM” “SR” |
July 12, 2002 | $USD 178,330.28 | $USD 11,849.25 | Nil | $USD 190,179.53 | Advance to InNexus | “ACM” “SR” |
July 2, 2002 | $USD 190,179.53 | $USD 8,623 | Nil | $USD 198,802.53 | Advance to ImmPheron | “ACM” “SR” |
July 2, 2002 | $USD 198,802.53 | $USD 5,000 | Nil | $USD 203,802.53 | WT to Fowler | “ACM” “SR” |
July 15, 2002 | $USD 203,802.53 | $USD 613.14 | Nil | $USD 204,415.67 | Diner’s Club (London Trip) | “ACM” “SR” |
July 15, 2002 | $USD 204,415.67 | $USD 6,667 | Nil | $USD 211,082.67 | WT to ImmPheron Re. ELISA | “ACM” “SR” |
August 1, 2002 | $USD 211,082.67 | $USD 11,293.20 | Nil | $USD 222,475.87 | Advance to North Bioscience | “ACM” “SR” |
August 1, 2002 | $USD 222,475.87 | $USD 8,623 | Nil | $USD 231,098.87 | Advance to ImmPheron | “ACM” “SR” |
August 1, 2002 | $USD 231,098.87 | $USD 5,000 | Nil | $USD 236,098.87 | WT to Fowler | “ACM” “SR” |
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