Principal

    $100,000.00	Loan
    Date

    10-27-2014	Maturity

    10-27-2017	Bank/App

    01400	Loan
    No

    000000007000161376	Account

         
	Officer

    W8XV5





	References
    in the shaded area are for Lender’s use only and do not limit the applicability of this document to any particular loan
    or item. Any item above containing “****“has been omitted due to text length limitations.


 


	Borrower:	ONCBIOMUNE,
                                         L.L.C. 

        17050
        MEDICAL CENTER DR

        BATON ROUGE,LA
        70816
	Lender
    :	REGIONS
                                         BANK

        201
        MILAN PARKWAY

        BIRMINGHAM, AL
        35211

	 	 	 	 


 


	Principal
    Amount: $100,000.00	Date
    of Note: October 27, 2014


 


PROMISE
TO PAY. ONCBIOMUNE, L.L.C. (“Borrower”) promises to pay to the order of REGIONS BANK (“Lender”), in lawful
money of the United States of America the sum of One Hundred Thousand & 00/100 Dollars (U.S. $100,000.00) or such other or
lesser amounts as may be reflected from time to time on Lender’s books and records as evidencing the aggregate unpaid principal
balance of loan advances made to Borrower on a revolving line of credit basis as provided herein, together with simple interest
assessed on a variable rate basis as provided in the “VARIABLE INTEREST RATE” paragraph, with interest being assessed
on the unpaid principal balance of this Note as outstanding from time to time, commencing on October 27, 2014, and continuing
until this Note is paid in full.


 


LINE
OF CREDIT. This Note evidences a revolving line of credit “master note”. Advances under this Note, as well as
directions for payment from Borrower’s accounts, may be requested orally or in writing by Borrower or by an authorized person.
Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either:
(A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower’s deposit accounts
with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender’s
internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A)
Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with
Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business
or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor’s guarantee
of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than
those acceptable to Lender; or (E) Lender in good faith believes itself insecure with regard to repayment of this Note or any
other agreement between Lender and Borrower.


 


PAYMENT.
Borrower will pay this loan in full immediately upon Lender’s demand. If no demand is made, Borrower will pay this loan
in one payment of all outstanding principal plus all accrued unpaid interest on October 27, 2017. In addition, Borrower will pay
regular monthly payments of all accrued unpaid interest due as of each payment date, beginning November 27, 2014, with all subsequent
interest payments to be due on the same day of each month after that until this Note is paid in full. Unless otherwise agreed
or required by applicable law, payments will be applied to amounts due under this loan in such order as Lender may determine in
Lender’s sole discretion. Lender reserves the right to apply payments to outstanding indebtedness and obligations in any
order that Lender may determine in its sole discretion and Lender may change the methodology for the application of payments at
any time without notice to Borrower. Borrower will pay Lender at Lender’s address shown above or at such other place as
Lender may designate in writing.


 


VARIABLE
INTEREST RATE. The interest rate on this Note is subject to change from time to time based on changes in an index which is
the Prime Rate of the Lender (the “Index”). The Index is not necessarily the lowest rate charged by Lender on its
loans and is set by Lender in its sole discretion. If the Index becomes unavailable during the term of this loan, Lender may designate
a substitute index after notifying Borrower. Lender will tell Borrower the current Index rate upon Borrower’s request. The
interest rate change will not occur more often than each day. Borrower understands that Lender may make loans based on other rates
as well. The Index currently is 3.250% per annum. Interest on the unpaid principal balance of this Note will be calculated
as described in the “INTEREST CALCULATION METHOD” paragraph using a rate of 1.700 percentage points over the Index,
adjusted if necessary for any minimum and maximum rate limitations described below, resulting in an initial rate of 4.950% per
annum based on a year of 360 days. Under no circumstances will the interest rate on this Note be less than 4.750% per annum or
more than the maximum rate allowed by applicable law.


 


INTEREST
CALCULATION METHOD. Interest on this Note is computed on a 365/360 basis; that is, by applying the ratio of the interest rate
over a year of 360 days, multiplied by the outstanding principal balance, multiplied by the actual number of days the principal
balance is outstanding. All interest payable under this Note is computed using this method.


 


PREPAYMENT.
Borrower may pay without penalty all or a portion of the amount owed earlier than it is due. If Borrower prepays this Note
in full, or if Lender accelerates payment, Borrower understands that, unless otherwise required by law, any prepaid fees or charges
will not be subject to rebate and will be earned by Lender at the time this Note is signed. Early payments will not, unless agreed
to by Lender in writing, relieve Borrower of Borrower’s obligation to continue to make payments of accrued unpaid interest.
Rather, early payments will reduce the principal balance due. Borrower agrees not to send Lender payments marked “paid in
full”, “without recourse”, or similar language. If Borrower sends such a payment, Lender may accept it without
losing any of Lender’s rights under this Note, and Borrower will remain obligated to pay any further amount owed to Lender.
All written communications concerning disputed amounts, including any check or other payment instrument that indicates that
the payment constitutes “payment in full” of the amount owed or that is tendered with other conditions or limitations
or as full satisfaction of a disputed amount must be mailed or delivered to: Regions Bank, P.O. Box 2224 Birmingham, AL 35246.


 


LATE
CHARGE. If a payment is 10 days or more late, Borrower will be charged 5.000% of the unpaid portion of the regularly scheduled
payment or S10.00, whichever is greater.


 


INTEREST
AFTER DEFAULT. Upon default, including failure to pay upon final maturity, the interest rate on this Note shall be increased
by adding an additional 2.000 percentage point margin (“Default Rate Margin”). The Default Rate Margin shall also
apply to each succeeding interest rate change that would have applied had there been no default. However, in no event will the
interest rate exceed the maximum interest rate limitations under applicable law.


 


DEFAULT.
Each of the following shall constitute an event of default (“Event of Default”) under this Note:


 


Payment
Default. Borrower fails to make any payment when due under this Note.


 


Default
Under Security Agreements. Should Borrower or any guarantor violate, or fail to comply fully with any of the terms and conditions
of, or default under any security right, instrument, document, or agreement directly or indirectly securing repayment of this
Note.


 


Other
Defaults in Favor of Lender. Should Borrower or any guarantor of this Note default under any other loan, extension of credit,
security right, instrument, document, or agreement, or obligation in favor of Lender.


 


Default
in Favor of Third Parties. Should Borrower or any guarantor default under any loan, extension of credit, security agreement,
purchase or sales agreement, or any other agreement, in favor of any other creditor or person that may affect any property or
other collateral directly or indirectly securing repayment of this Note.


 


Insolvency.
Should the suspension, failure or insolvency, however evidenced, of Borrower or any Guarantor of this Note occur or exist.


 


Death
or Interdiction. Should any guarantor of this Note die or be interdicted.


 


Readjustment
of Indebtedness. Should proceedings for readjustment of indebtedness, reorganization, bankruptcy, composition or extension
under any insolvency law be brought by or against Borrower or any guarantor.


 


Assignment
for Benefit of Creditors. Should Borrower or any guarantor file proceedings for a respite or make a general assignment for
the benefit of creditors.


 


Receivership.
Should a receiver of all or any part of Borrower’s property, or the property of any guarantor, be applied for or appointed.


 


Dissolution
Proceedings. Proceedings for the dissolution or appointment of a liquidator of Borrower or any guarantor are commenced.


 


False
Statements. Any warranty, representation or statement made or furnished to Lender by Borrower or on Borrower’s behalf
related documents is false or misleading in any material respect, either now or at the time made or furnished or becomes false
or misleading at any time thereafter.


 






    	 		 



    	Loan No 000000007000161376
	PROMISSORY NOTE
	Page 2
	 	(Continued)
	 



    

 


Material
Adverse Change. Should any material adverse change occur in the financial condition of Borrower or any guarantor of this Note
or should any material discrepancy exist between the financial statements submitted by Borrower or any guarantor and the actual
financial condition of Borrower or such guarantor.


 


Insecurity.
Lender in good faith believes itself insecure with regard to repayment of this Note.


 


LENDER’S
RIGHTS UPON DEFAULT. Should any one or more default events occur or exist under this Note as provided above. Lender shall
have the right, at Lender’s sole option, to declare formally this Note to be in default and to accelerate the maturity and
insist upon immediate payment in full of the unpaid principal balance then outstanding under this Note, plus accrued interest,
together with reasonable attorneys’ fees, costs, expenses and other fees and charges as provided herein. Lender shall have
the further right, again at Lender’s sole option, to declare formal default and to accelerate the maturity and to insist
upon immediate payment in full of each and every other loan, extension of credit, debt, liability and/or obligation of every nature
and kind that Borrower may then owe to Lender, whether direct or indirect or by way of assignment, and whether absolute or contingent,
liquidated or unliquidated, voluntary or involuntary, determined or undetermined, secured or unsecured, whether Borrower is obligated
alone or with others on a “solidary” or “joint and several” basis, as a principal obligor or otherwise,
all without further notice or demand, unless Lender shall otherwise elect.


 


ATTORNEYS’
FEES; EXPENSES. If Lender refers this Note to an attorney for collection, or files suit against Borrower to collect this Note,
or if Borrower files for bankruptcy or other relief from creditors, Borrower agrees to pay Lender’s reasonable attorneys’
fees in an amount not exceeding 25.000% of the principal balance due on the loan.


 


WAIVE
JURY. BORROWER AND LENDER HEREBY WAIVE THE RIGHT TO ANY JURY TRIAL IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM BROUGHT BY EITHER
BORROWER OR LENDER AGAINST THE OTHER.


 


GOVERNING
LAW. With respect to interest (as defined by federal law) this Note will be governed by federal law applicable to Lender and,
to the extent not preempted by federal law, the laws of the State of Alabama without regard to its conflicts of law’s provisions.
In all other respects, this Note will be governed by federal law applicable to Lender and, to the extent not preempted by federal
law, the laws of the State of Louisiana without regard to its conflicts of law provisions. The loan transaction that is evidenced
by this Note has been approved, made, and funded, and all necessary loan documents have been accepted by Lender in the State of
Alabama.


 


DEPOSIT
ACCOUNTS. As collateral security for repayment of this Note and all renewals and extensions, as well as to secure any and
all other loans, notes, indebtedness and obligations that Borrower may now and in the future owe to Lender or incur in Lender’s
favor, whether direct or indirect, absolute or contingent, due or to become due, of any nature and kind whatsoever (with the exception
of any indebtedness under a consumer credit card account), and to the extent permitted by law. Borrower is granting Lender a continuing
security interest in any and all funds that Borrower may now and in the future have on deposit with Lender or in certificates
of deposit or other deposit accounts as to which Borrower is an account holder (with the exception of IRA, pension, and other
tax-deferred deposits). Borrower further agrees that, to the extent permitted by law, Lender may at any time apply any funds that
Borrower may have on deposit with Lender or in certificates of deposit or other deposit accounts as to which Borrower is an account
holder against the unpaid balance of this Note and any and all other present and future indebtedness and obligations that Borrower
may then owe to Lender, in principal, interest, fees, costs, expenses, and reasonable attorneys’ fees.


 


FINANCIAL
STATEMENTS. Borrower agrees to provide Lender with such financial statements and other related information at such frequencies
and in such detail as Lender may reasonably request.


 


INTEREST
AND FEES. No matter what else may be stated in any other provision of this Note or in any other document Borrower may have
with Lender, Borrower does not agree or intend to pay, and Lender does not agree or intend to charge any interest or fee for this
loan which would in any way cause Lender to contract for, charge or collect more for the loan than the maximum Lender would be
permitted to charge or collect by any applicable federal or state law. Any such excess interest or unauthorized fee will be applied
first to reduce the unpaid principal balance of the loan, and when the principal has been paid in full, be refunded to Borrower.


 


DEFENSE
COSTS. In addition to the costs and expenses Borrower has agreed to pay under the “Attorneys’ Fees; Expenses”
section of this Note, Borrower will pay all costs and expenses incurred by Lender arising out of or relating to any steps or actions
Lender takes to defend any unsuccessful claim, allegation, remedy or counterclaim Borrower may assert against Lender. Such costs
and expenses shall include, without limitation, attorneys’ fees and costs.


 


SUSPICIOUS
ACTIVITY. Borrower agrees that Borrower will not act in any manner that may cause Lender to reasonably believe that Borrower
has engaged in, or that Borrower intends to engage in, any suspicious activity as described in or contemplated under the Bank
Secrecy Act, the USA Patriot Act, or any other similar or related law, whether now or hereafter in effect, or under any regulation
issued pursuant to any such law. Further, Borrower agrees that if Borrower’s name (or a derivation thereof) appears on a
list of suspects issued to financial institutions by the Office of Foreign Assets Control, the Financial Crimes Enforcement Network,
the Federal Reserve Board, or any other governmental entity or agency, then Borrower will be conclusively presumed to have acted
in a manner that would cause Lender to reasonably believe that Borrower has engaged in, or that Borrower intends to engage in,
such suspicious activity.


 


ANNUAL
REVIEW. Borrower agrees that Borrower will provide Lender with a current financial statement, a new credit application, or
both, annually, on forms provided by Lender. Based upon this information Lender will conduct an annual review of Borrower’s
Credit Line Account. Borrower also agrees Lender may obtain credit reports on Borrower at any time, at Lenders sole option and
expense, for any reason, including but not limited to determining whether there has been an adverse change in Borrowers financial
condition. Borrower authorizes Lender to release information about Borrower to third parties as described in Lenders privacy policy
and Lenders Fair Credit Reporting Act, notice provided Borrower did not opt out of the applicable policy, or as permitted by law.
Based upon a material adverse change in Borrowers financial condition (such as termination of employment or loss of income) Lender
may suspend Borrowers Credit Line.


 


FINANCIAL
STATEMENTS. Borrower agrees to provide Lender with such financial statements and other related information at such frequencies
and in such details as Lender may reasonably request.


 


WAIVER
OF DEFENSES. Borrower agrees and acknowledges that Borrower does not have any claims, defenses, counterclaims, setoffs, rights
of recoupment, or other claims of any nature whatsoever (including but not limited to claims arising from fraud, misrepresentation,
breach of contract, breach of commitment, impairment of collateral or waiver) against Lender, and Borrower hereby expressly waives
and releases any and all such claims, defenses, counterclaims, setoffs, rights of recoupment, or other claims of any nature whatsoever
that it may have against Lender.


 


ANNUAL
FEE. The Borrower agrees to pay an annual non-refundable charge in the amount of S500.00 for establishing and maintaining
the Loan. The Lender will assess this charge annually on or about the anniversary date of this note.


 


AUTO
DEBIT PROVISION.


 


	_065403626	 	 	 
	Routing
    Number	(Please
    call your financial 

    institution if you are unsure)	 	 
	 	 	 	 
	_4305114233	 	 	 
	DDA/RSV
    Account Number	 	 


 


Borrower
authorizes Lender to initiate entries to Borrower’s checking or savings account at the financial institution indicated above
for the purpose of making Borrower’s periodic loan payments. Borrower also authorizes the financial institution to withdraw
these payments from Borrower’s account. Borrower acknowledges that this authorization may be revoked at any time by providing
written notice of revocation to Lender in such time and manner as to afford Lender and the financial institution reasonable opportunity
to act upon it.


 


Borrower
understands that, in accordance with the terms of this loan, Borrower’s payment may change from time to time. Lender is
authorized to change the amount of the charge to Borrower’s checking or savings account. Borrower understands that Lender
will provide prior notice of the new payment amount to Borrower to the extent required under applicable law. If more than one
law requires prior notice of a payment change, Borrower agrees that notice provided pursuant to one law shall constitute notice
in accordance with all laws.


 






    	 		 



    	Loan No 000000007000161376
	PROMISSORY NOTE
	Page 3
	 	(Continued)
	 



    

 


WAIVERS.
Borrower and each guarantor of this Note hereby waive demand, presentment for payment, protest, notice of protest and notice
of nonpayment, and all pleas of division and discussion, and severally agree that their obligations and liabilities to Lender
hereunder shall be on a “solidary” or “joint and several” basis. Borrower and each guarantor further severally
agree that discharge or release of any party who is or may be liable to Lender for the indebtedness represented hereby, or the
release of any collateral directly or indirectly securing repayment hereof, shall not have the effect of releasing any other party
or parties, who shall remain liable to Lender, or of releasing any other collateral that is not expressly released by Lender.
Borrower and each guarantor additionally agree that Lender’s acceptance of payment other than in accordance with the terms
of this Note, or Lender’s subsequent agreement to extend or modify such repayment terms, or Lender’s failure or delay
in exercising any rights or remedies granted to Lender, shall likewise not have the effect of releasing Borrower or any other
party or parties from their respective obligations to Lender, or of releasing any collateral that directly or indirectly secures
repayment hereof. In addition, any failure or delay on the part of Lender to exercise any of the rights and remedies granted to
Lender shall not have the effect of waiving any of Lender’s rights and remedies. Any partial exercise of any rights and/or
remedies granted to Lender shall furthermore not be construed as a waiver of any other rights and remedies; it being Borrower’s
intent and agreement that Lender’s rights and remedies shall be cumulative in nature. Borrower and each guarantor further
agree that, should any default event occur or exist under this Note, any waiver or forbearance on the part of Lender to pursue
the rights and remedies available to Lender, shall be binding upon Lender only to the extent that Lender’s specifically
agrees to any such waiver or forbearance in writing. A waiver or forbearance on the part of Lender as to one default event shall
not be construed as a waiver or forbearance as to any other default. Borrower and each guarantor of this Note further agree that
any late charges provided for under this Note will not be charges for deferral of time for payment and will not and are not intended
to compensate Lender’s for a grace or cure period, and no such deferral, grace or cure period has or will be granted to
Borrower in return for the imposition of any late charge. Borrower recognizes that Borrower’s failure to make timely payment
of amounts due under this Note will result in damages to Lender, including but not limited to Lender’s loss of the use of
amounts due, and Borrower agrees that any late charges imposed by Lender hereunder will represent reasonable compensation to Lender
for such damages. Failure to pay in full any installment or payment timely when due under this Note, whether or not a late charge
is assessed, will remain and shall constitute an Event of Default hereunder.


 


SUCCESSORS
AND ASSIGNS LIABLE. Borrower’s and each guarantor’s obligations and agreements under this Note shall be binding
upon Borrower’s and each guarantor’s respective successors, heirs, legatees, devisees, administrators, executors and
assigns. The rights and remedies granted to Lender under this Note shall inure to the benefit of Lender’s successors and
assigns, as well as to any subsequent holder or holders of this Note.


 


CAPTION
HEADINGS. Caption headings in this Note are for convenience purposes only and are not to be used to interpret or define the
provisions of this Note.


 


SEVERABILITY.
If any provision of this Note is held to be invalid, illegal or unenforceable by any court, that provision shall be deleted
from this Note and the balance of this Note shall be interpreted as if the deleted provision never existed.


 


PRIOR
NOTE. This note is made and executed for the purpose of continuing, modifying and amending the terms of that certain promissory
note in the principal amount of $__$100,000.00__, dated __11-15-2011__, executed by the Borrower and payable to the Bank or its
predecessor or assignor. This note shall constitute a true modification or amendment of the terms of the original note which shall
continue in full force and effect except as specifically modified herein. This note shall not constitute a novation, payment in
full or satisfaction of the original note, nor shall this note in any other way supersede the original note or any of the Loan
Documents. This note shall continue to be secured by any and all collateral securing the original note.


 


SUCCESSOR
INTERESTS. The terms of this Note shall be binding upon Borrower, and upon Borrower’s successors, heirs, legatees, devisees,
administrators, executors and assigns, and shall inure to the benefit of Lender and its successors and assigns.


 


APPLICABLE
LENDING LAW. Except for matters related to interest (as defined by federal law), and to the extent not preempted by federal
law, this business or commercial loan is being made under the terms and provisions of La. R.S. 9:3509, et seq.


 


PRIOR
TO SIGNING THIS NOTE, BORROWER READ AND UNDERSTOOD ALL THE PROVISIONS OF THIS NOTE, INCLUDING THE VARIABLE INTEREST RATE PROVISIONS.


 


BORROWER:


 


ONCBIOMUNE,
L.L.C


 


	By:	/s/
    ROBERT L ELLIOTT JR	 	By	/s/
    JONATHAN F HEAD
	 	ROBERT
    L ELLIOTT JR, Member of ONCBIOMUNE, L.L.C	 	 	JONATHAN
    F HEAD, Member of ONCBIOMUNE, L.L.C