Document:

Exhibit 10.29

PROMISSORY NOTE

	
  $1,500,000.00

  	
   

  	
  April 16, 2007

  

 

FOR VALUE
RECEIVED, the undersigned, Nextera Enterprises, Inc., a
Delaware corporation (the “Company” or “Borrower”), promises to
pay to Mounte LLC, a Delaware limited liability company (“Lender”), such
place as Lender may from time to time designate by written notice to Borrower,
in lawful money of the United States of America, without abatement, demand,
deduction, set-off or counterclaim, the principal sum of ONE MILLION FIVE
HUNDRED THOUSAND DOLLARS ($1,500,000.00) together with interest thereon at the
rate of seven percent (7%) per annum, compounded annually, from the date first
set forth above until all outstanding principal, accrued interest and other
charges under this Note (the “Note”) are paid in full.

Section
1.               Principal
Payment.  On the Maturity Date
(as defined below), the entire outstanding principal amount and any unpaid and
accrued interest shall be immediately due and payable by Borrower to Lender in
lawful money of the United States.  Each
payment in connection with this Note shall be paid by the Borrower to the
Lender at the Lender’s principal office or to such bank account as shall be
notified by the Lender to the Borrower in writing, and such payments shall be
made in immediately available funds not later than 12:00 noon (Pacific Standard
Time) on the due date for each such payment.

Section 2.               Interest
Payment.  The outstanding
principal amount of this Note shall bear interest, for each day from the date of
this Note’s origination until its principal amount is paid in full, at a rate
per annum equal to 7%; provided, however,
if a Default or Event of Default shall have occurred and be continuing, at the
election of the Lender confirmed by written notice to the Borrower, the
interest rate hereunder shall be increased by two percent (2%) per annum to
nine percent (9%) per annum until such Default or Event of Default shall have
been cured or waived.  All interest shall
be due and payable in quarterly installments on each March 31, June 30,
September 30 and December 31 of each year (each an “Interest Payment Date”)
and shall be computed on the basis of a 365-day year and paid for the actual
number of days elapsed.  Notwithstanding
any provision in this Note to the contrary, through the Maturity Date, in lieu
of paying in cash the interest accrued to any Interest Payment Date, at the
option of the Borrower any accrued but unpaid interest shall be capitalized and
added as of such Interest Payment Date to the principal amount of this Note
(the “PIK Amount”).  Such PIK
Amount shall bear interest from the applicable Interest Payment Date at the
same rate per annum and payable in the same manner as in the case of the
original principal amount of this Note and shall otherwise be treated as
principal of this Note for all purposes. 
From and after each Interest Payment Date, the principal amount of this
Note shall, without further action on the part of the Borrower or the Lender be
deemed to be increased by the PIK Amount so capitalized and added to principal
in accordance with the provisions hereof.

Section 3.               Restrictions
on Payments of Principal and Interest.  Notwithstanding any provision in this Note to
the contrary, all payments of interest and/or principal in cash under this Note
shall be subject to the restrictions and limitations set forth in Section 7.6
of the Credit

Agreement, dated as of March 9, 2006 (as amended, supplemented, amended
and restated or otherwise modified from time to time, the “Credit
Agreement”), by and among Borrower,
Woodridge Labs, Inc. (formerly known as “W Lab Acquisition Corp.”), a Delaware
corporation, the several financial institutions from time to time party to the
Credit Agreement as lenders thereunder, and NewStar Financial, Inc., as the
administrative agent for the Lenders (“Administrative Agent”).  Borrower and Lender acknowledge and agree no
payments of principal or interest may be made in cash by Borrower under this
Note unless such payment complies with the restrictions and limitations set
forth in Section 7.6 of the Credit Agreement.

Section
4.               Maturity
Date.  The entire principal
amount of this Note and any other sums due hereunder, shall become immediately
due and payable without further demand or notice to Borrower on April 1, 2012
(the “Maturity Date”).  In
addition, the Note shall also become fully due and payable (A) if Lender
accelerates the maturity of the Note pursuant to Section 6; or (B) if Borrower
(i) admits in writing its inability to pay debts, (ii) makes an assignment
for the benefit of creditors, (iii) files a voluntary petition in bankruptcy,
effects a plan or other arrangement with creditors, liquidates its assets under
arrangement with creditors, or liquidates its assets under court supervision,
(iv) has an involuntary petition in bankruptcy filed against it that is not
discharged within sixty (60) days after such petition is filed, or (v) applies
for or permits the appointment of a receiver or trustee or custodian for any of
its property or assets which shall not have been discharged within sixty (60)
days after the date of appointment.

Section
5.               Use of
Proceeds.  The entire proceeds
of this Note may be used only for the purposes set forth in paragraph (g) of
the definition of “Permitted Investor Debt” in the Credit Agreement.

Section 6.               Events of
Default.  The occurrence of any one or more of the
following events, acts or occurrences shall constitute an event of default (an “Event
of Default”) hereunder (“Default”
means any condition or event which, with the giving of notice or lapse of time
or both, would, unless cured or waived, become an Event of Default under this
Note):  (A) a Default or Event of Default
(each as defined in the Credit Agreement) exists under the Credit Agreement
which shall not have been cured or waived within thirty (30) days; or (B) if
Borrower defaults in the performance of any obligation contained in this Note
(including any amendment, modification or extensions thereof) and such default
shall not have been cured by Borrower or waived by Lender within ten (10) days.

Section 7.               Remedies.  If an Event of Default occurs and is
continuing hereunder, the Lender may, by written notice to the Borrower,
declare the unpaid principal amount of this Note, to be, and the same shall
thereupon become, due and payable together with any and all accrued interest
thereon, without presentment, demand, protest, any additional notice whatsoever
or other requirements of any kind, all of which are hereby expressly waived by
the Borrower, except as otherwise provided herein or by Applicable Law; provided,
however, that all rights and remedies of Lender hereunder shall be
subject to the provisions of the Standstill Agreement by and between Borrower,
Lender and Administrative Agent dated as of the date hereof.

Section 8.               Failure or
Delay; Waiver.  No failure or
delay on the part of the Lender in exercising any right, power, or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power, or remedy preclude any other or further

 2
 

exercise thereof or the exercise of any other right,
power, or remedy.  The remedies provided
for under this Note are cumulative and are not exclusive of any remedies that
may be available to the Lender at law, in equity, or otherwise.  The waiver by Lender of any breach of or
default under any term, covenant or condition contained herein or in any other
agreement referred to above shall not be deemed to be a waiver of any
subsequent breach of or default under the same or any other such term, covenant
or condition.

Section
9.               No Usury.  Anything in this Note to the contrary
notwithstanding, it is expressly stipulated and agreed that the intent of
Borrower and Lender is to comply at all times with all usury and other laws
relating to this Note.  If the laws of
the State of California would now or hereafter render usurious, or are revised,
repealed or judicially interpreted so as to render usurious, any amount called
for under this Note, or contracted for, charged or received with respect to the
loan evidenced by this Note, or if any prepayment by Borrower results in
Borrower’s having paid any interest in excess of that permitted by law, then it
is Borrower’s and Lender’s express intent that all excess amounts theretofore
collected by Lender be credited to the principal balance of this Note (or, if
this Note has been paid in full, refunded to Borrower), and the provisions of
this Note immediately be deemed reformed and the amounts therefor collectible
hereunder reduced, without the necessity of execution of any new document, so
as to comply with the then applicable law, but so as to permit the recovery of
the fullest amount otherwise called for hereunder.

Section
10.             General
Provisions.  If any provision
of this Note shall be invalid or unenforceable for any reasons, the same shall
be ineffective, but the remainder of this Note shall not be affected thereby
and shall remain in full force and effect. 
Time is of the essence of each and every obligation of Borrower
hereunder.  Presentment and demand for payment,
notice of dishonor, protest and notice of protest are hereby waived by
Borrower.  If the due date for any
payment under this Note falls on a Saturday, Sunday or legal holiday, then such
due date shall be extended to the next business day.  None of the terms or provisions of this Note
may be waived, altered, modified or amended except by a writing signed by
Lender and Borrower.  The provisions of
this Note shall be governed by the laws of the state of California.  The covenants, terms and conditions hereof
shall bind the heirs, successors and assigns of Borrower and shall inure to the
benefit of the successors and assigns of Lender.  The Borrower may not assign or transfer any
interest hereunder without the prior written consent of the Lender.  Without requiring the consent of the
Borrower, the Lender may assign to one or more other entities all or a portion
of its rights and obligations under this Note. 
Borrower consents that Lender may extend the time for payment or
otherwise modify the terms of payment or any part of the whole of the debt
evidenced by this Note, at the request of any person liable hereon, and such
consent shall not alter nor diminish the liability of any person.  Borrower hereby waives the defense of the
statute of limitations in any action on this Note to the extent permitted by
law.  All covenants of liability shall be
a joint and several obligation.

Section
11.             Headings.  Article
and section headings used in this Note are for convenience of reference only
and shall not constitute a part of this Note for any other purpose or affect
the construction of this Note.

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 3
 

IN
WITNESS WHEREOF, Borrower and Lender have executed this Note as of the date
first set forth above.

	
  

  	
   

  	
  BORROWER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NEXTERA ENTERPRISES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Antonio Rodriquez

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Antonio Rodriquez

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LENDER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  MOUNTE LLC

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Stanley E. Maron

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Stanley E. Maron

  
	
   

  	
   

  	
  Title:

  	
  Secretary

  
							

 

 4Exhibit 10.30

PROMISSORY NOTE

	
  $1,000,000.00

  	
   

  	
  April 16, 2007

  

 

FOR VALUE
RECEIVED, the undersigned, Nextera Enterprises, Inc., a
Delaware corporation (the “Company” or “Borrower”), promises to
pay to Jocott Enterprises, Inc., a California corporation (“Lender”),
such place as Lender may from time to time designate by written notice to
Borrower, in lawful money of the United States of America, without abatement,
demand, deduction, set-off or counterclaim, the principal sum of ONE MILLION
DOLLARS ($1,000,000.00) together with interest thereon at the rate of seven
percent (7%) per annum, compounded annually, from the date first set forth
above until all outstanding principal, accrued interest and other charges under
this Note (the “Note”) are paid in full.

Section
1.               Principal
Payment.  On the Maturity Date
(as defined below), the entire outstanding principal amount and any unpaid and
accrued interest shall be immediately due and payable by Borrower to Lender in
lawful money of the United States.  Each
payment in connection with this Note shall be paid by the Borrower to the
Lender at the Lender’s principal office or to such bank account as shall be
notified by the Lender to the Borrower in writing, and such payments shall be
made in immediately available funds not later than 12:00 noon (Pacific Standard
Time) on the due date for each such payment.

Section 2.               Interest
Payment.  The outstanding
principal amount of this Note shall bear interest, for each day from the date
of this Note’s origination until its principal amount is paid in full, at a
rate per annum equal to 7%; provided,
however, if a Default or Event of Default shall have occurred
and be continuing, at the election of the Lender confirmed by written notice to
the Borrower, the interest rate hereunder shall be increased by two percent
(2%) per annum to nine percent (9%) per annum until such Default or Event of
Default shall have been cured or waived. 
All interest shall be due and payable in quarterly installments on each
March 31, June 30, September 30 and December 31 of each year (each an “Interest
Payment Date”) and shall be computed on the basis of a 365-day year and
paid for the actual number of days elapsed. 
Notwithstanding any provision in this Note to the contrary, through the
Maturity Date, in lieu of paying in cash the interest accrued to any Interest
Payment Date, at the option of the Borrower any accrued but unpaid interest
shall be capitalized and added as of such Interest Payment Date to the
principal amount of this Note (the “PIK Amount”).  Such PIK Amount shall bear interest from the
applicable Interest Payment Date at the same rate per annum and payable in the
same manner as in the case of the original principal amount of this Note and
shall otherwise be treated as principal of this Note for all purposes.  From and after each Interest Payment Date,
the principal amount of this Note shall, without further action on the part of
the Borrower or the Lender be deemed to be increased by the PIK Amount so
capitalized and added to principal in accordance with the provisions hereof.

Section 3.               Restrictions
on Payments of Principal and Interest.  Notwithstanding any provision in this Note to
the contrary, all payments of interest and/or principal in cash under this Note
shall be subject to the restrictions and limitations set forth in Section 7.6
of the Credit Agreement,
dated as of March 9, 2006 (as amended, supplemented, amended and restated or

otherwise modified from time to time, the “Credit
Agreement”), by and among Borrower,
Woodridge Labs, Inc. (formerly known as “W Lab Acquisition Corp.”), a Delaware
corporation, the several financial institutions from time to time party to the
Credit Agreement as lenders thereunder, and NewStar Financial, Inc., as the
administrative agent for the Lenders (“Administrative Agent”).  Borrower and Lender acknowledge and agree no
payments of principal or interest may be made in cash by Borrower under this
Note unless such payment complies with the restrictions and limitations set
forth in Section 7.6 of the Credit Agreement.

Section
4.               Maturity
Date.  The entire principal
amount of this Note and any other sums due hereunder, shall become immediately
due and payable without further demand or notice to Borrower on April 1, 2012
(the “Maturity Date”).  In
addition, the Note shall also become fully due and payable (A) if Lender
accelerates the maturity of the Note pursuant to Section 6; or (B) if Borrower
(i) admits in writing its inability to pay debts, (ii) makes an assignment
for the benefit of creditors, (iii) files a voluntary petition in bankruptcy,
effects a plan or other arrangement with creditors, liquidates its assets under
arrangement with creditors, or liquidates its assets under court supervision,
(iv) has an involuntary petition in bankruptcy filed against it that is not
discharged within sixty (60) days after such petition is filed, or (v) applies
for or permits the appointment of a receiver or trustee or custodian for any of
its property or assets which shall not have been discharged within sixty (60)
days after the date of appointment.

Section
5.               Use of
Proceeds.  The entire proceeds
of this Note may be used only for the purposes set forth in paragraph (g) of
the definition of “Permitted Investor Debt” in the Credit Agreement.

Section 6.               Events of
Default.  The occurrence of any one or more of the
following events, acts or occurrences shall constitute an event of default (an “Event
of Default”) hereunder (“Default”
means any condition or event which, with the giving of notice or lapse of time
or both, would, unless cured or waived, become an Event of Default under this
Note):  (A) a Default or Event of Default
(each as defined in the Credit Agreement) exists under the Credit Agreement
which shall not have been cured or waived within thirty (30) days; or (B) if
Borrower defaults in the performance of any obligation contained in this Note
(including any amendment, modification or extensions thereof) and such default
shall not have been cured by Borrower or waived by Lender within ten (10) days.

Section 7.               Remedies.  If an Event of Default occurs and is
continuing hereunder, the Lender may, by written notice to the Borrower,
declare the unpaid principal amount of this Note, to be, and the same shall
thereupon become, due and payable together with any and all accrued interest
thereon, without presentment, demand, protest, any additional notice whatsoever
or other requirements of any kind, all of which are hereby expressly waived by
the Borrower, except as otherwise provided herein or by Applicable Law; provided,
however, that all rights and remedies of Lender hereunder shall be
subject to the provisions of the Standstill Agreement by and between Borrower,
Lender and Administrative Agent dated as of the date hereof.

Section 8.               Failure or
Delay; Waiver.  No failure or
delay on the part of the Lender in exercising any right, power, or remedy
hereunder shall operate as a waiver thereof, nor shall any single or partial
exercise of any such right, power, or remedy preclude any other or further
exercise thereof or the exercise of any other right, power, or remedy.  The remedies provided for

 2
 

under this Note are cumulative and are not exclusive
of any remedies that may be available to the Lender at law, in equity, or
otherwise.  The waiver by Lender of any
breach of or default under any term, covenant or condition contained herein or
in any other agreement referred to above shall not be deemed to be a waiver of
any subsequent breach of or default under the same or any other such term,
covenant or condition.

Section
9.               No Usury.  Anything in this Note to the contrary
notwithstanding, it is expressly stipulated and agreed that the intent of
Borrower and Lender is to comply at all times with all usury and other laws
relating to this Note.  If the laws of
the State of California would now or hereafter render usurious, or are revised,
repealed or judicially interpreted so as to render usurious, any amount called
for under this Note, or contracted for, charged or received with respect to the
loan evidenced by this Note, or if any prepayment by Borrower results in
Borrower’s having paid any interest in excess of that permitted by law, then it
is Borrower’s and Lender’s express intent that all excess amounts theretofore
collected by Lender be credited to the principal balance of this Note (or, if
this Note has been paid in full, refunded to Borrower), and the provisions of
this Note immediately be deemed reformed and the amounts therefor collectible
hereunder reduced, without the necessity of execution of any new document, so
as to comply with the then applicable law, but so as to permit the recovery of
the fullest amount otherwise called for hereunder.

Section
10.             General
Provisions.  If any provision
of this Note shall be invalid or unenforceable for any reasons, the same shall
be ineffective, but the remainder of this Note shall not be affected thereby
and shall remain in full force and effect. 
Time is of the essence of each and every obligation of Borrower
hereunder.  Presentment and demand for
payment, notice of dishonor, protest and notice of protest are hereby waived by
Borrower.  If the due date for any
payment under this Note falls on a Saturday, Sunday or legal holiday, then such
due date shall be extended to the next business day.  None of the terms or provisions of this Note
may be waived, altered, modified or amended except by a writing signed by
Lender and Borrower.  The provisions of
this Note shall be governed by the laws of the state of California.  The covenants, terms and conditions hereof
shall bind the heirs, successors and assigns of Borrower and shall inure to the
benefit of the successors and assigns of Lender.  The Borrower may not assign or transfer any
interest hereunder without the prior written consent of the Lender.  Without requiring the consent of the
Borrower, the Lender may assign to one or more other entities all or a portion
of its rights and obligations under this Note. 
Borrower consents that Lender may extend the time for payment or
otherwise modify the terms of payment or any part of the whole of the debt
evidenced by this Note, at the request of any person liable hereon, and such
consent shall not alter nor diminish the liability of any person.  Borrower hereby waives the defense of the
statute of limitations in any action on this Note to the extent permitted by
law.  All covenants of liability shall be
a joint and several obligation.

Section
11.             Headings.  Article
and section headings used in this Note are for convenience of reference only
and shall not constitute a part of this Note for any other purpose or affect
the construction of this Note.

[REMAINDER
OF PAGE INTENTIONALLY LEFT BLANK]

 3
 

IN
WITNESS WHEREOF, Borrower and Lender have executed this Note as of the date
first set forth above.

	
  

  	
   

  	
  BORROWER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  NEXTERA ENTERPRISES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Antonio Rodriquez

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Antonio Rodriquez

  
	
   

  	
   

  	
  Title:

  	
  Chief Financial Officer

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  LENDER:

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  JOCOTT ENTERPRISES, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  	
  /s/ Joseph J. Millin

  	
   

  
	
   

  	
   

  	
  Name:

  	
  Joseph J. Millin

  
	
   

  	
   

  	
  Title:

  	
  President

  
							

 

 4

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