Document:

EXHIBIT 10.1

 

AMENDMENT NO. 3 TO

PROMISSORY NOTE AND BUSINESS LOAN AGREEMENT

 

	 	 	 	 
	BORROWER:	
        CarePayment Technologies, Inc.

        5300 Meadows Road, Suite 400

        Lake Oswego, OR 97035

        Telephone: (503) 419-3530
	LENDER:	
        Aequitas Commercial Finance, LLC 

5300 Meadows
        Road, Suite 400

        Lake Oswego, OR 97035

        Telephone: (503) 419-3500

	 	 	 	 

 

Principal Amount (As Amended): $6,000,000

 

	Date of Note and Loan Agreement: September 29, 2011	Date of Amendment: April 12, 2012 

 

CarePayment Technologies, Inc. ("Borrower”)
and Aequitas Commercial Finance, LLC (“Lender”) hereby agree to execute this Amendment No. 3 (this "Amendment")
dated effective April 12, 2012 (the “Effective Date”) to that certain Promissory Note dated September 29, 2011
(as amended, the "Note") and that certain Business Loan Agreement dated September 29, 2011 (as amended, the “Loan
Agreement”) (collectively, the “Loan”). As of the Effective Date, the maximum principal balance of
the Loan was $8,000,000 and the current principal balance as drawn, but before giving effect to the Conversion (as defined in Section
2), is $5,031,000.00.

 

1.    
DEFINITIONS. All capitalized terms not specifically defined in this Amendment shall have the meanings ascribed to them in the
Loan Agreement.

 

2.    
CONVERSION. Effective as of April 30, 2012 (the "Conversion Date"), and without requiring any further action
on the part of either Borrower or Lender, a total of $2,000,000.00 of the unpaid principal balance owing under the Note shall convert
(the “Conversion”) into shares of Borrower’s Class A Common Stock, no par value (the “Class A
Common”), at a price per share of $1.00, resulting in an issuance to Lender of 2,000,000 validly issued, fully paid and
non-assessable shares of Class A Common (the “Shares”). Promptly following the Conversion Date, Borrower shall
issue, or cause to be issued, to ACF one or more certificates representing the Shares. As a result of the Conversion, the unpaid
principal balance owing under the Loan will be reduced by $2,000,000.00.

 

3.    
PRINCIPAL AMOUNT. Section 1 of the Note is hereby amended in its entirety to read as follows:

 

"PROMISE
TO PAY. CarePayment Technologies, Inc., an Oregon corporation (“Borrower”), promises to pay to the order
of Aequitas Commercial Finance, LLC, an Oregon limited liability company (“Lender”), in lawful money of the
United States of America, the principal amount of up to Six Million and 00/100 Dollars ($6,000,000.00), or so much thereof as has
been borrowed and is outstanding, together with interest on the unpaid principal balance from the date of disbursement until paid
in full. Borrower will pay Lender at Lender’s address shown above or at such other place as Lender may designate in writing."

 

4.    
LOAN AGREEMENT. All references in the Loan Agreement to the maximum principal balance of $8,000,000.00 are hereby changed to
read as the maximum principal balance of $6,000,000.00.

 

5.    
MATURITY DATE. Section 2(c) of the Loan Agreement and Section 6 of the Note are hereby modified to replace each reference to
December 31, 2012 with December 31, 2013.

 

6.    
NO OTHER CHANGES. All other terms and conditions of the Loan not specifically amended by this Amendment shall remain unchanged
and in full force and effect.

 

[Signature page follows]

 

    	 

    	 	

    
 

IN WITNESS WHEREOF,
the parties have executed this Amendment as of the date first written above.

 

	BORROWER:  	 	LENDER: 	 
	 	 	 	 	 	 
	CAREPAYMENT TECHNOLOGIES,
INC. 	 	AEQUITAS COMMERCIAL FINANCE, LLC 	 
	 	 	 	By: 	Aequitas Capital Management, Inc.,
its Manager 	 
	 	 	 	 	 	 
	/s/ Andrew S. Craig	 	/s/ Andrew N. MacRitchie	 
	Andrew S. Craig 	 	Andrew N. MacRitchie 	 
	Secretary	 	Executive Vice PresidentEXHIBIT 10.1

 

 

	 Offering
for:

Aurora Gold Corporation

C/ Coresco AG

Lev el 3 Gotthardstrasse 20

6304 Zug, Switzerland

(The Customer)

         
	
        

Offering from:

Lars Pearl

Hofnerstrasse 13

6314 Unteraegeri

Switzerland

(The Provider)

 

 

  

Version:1.0

Date:1st April 2012

 

 

TABLE OF CONTENTS:

	Section	Topic	Page number
	1	Current Situation	2
	2	Validity of Agreement	2
	3	The Services	2
	3.1	The provision of services	2
	3.2	Variations	2
	3.3	Term of service	2
	3.4	Minimum term	2
	4	Premises	2
	5	Payments	2
	5.1	Pricing	2
	5.2	Invoices and payment	2
	5.3	Payments for variations	2
	5.4	VAT	2
	6	Confidentiality	3
	7	Termination of Agreement	3
	8	Expenses	3
	9	Contractual Contacts	3
	10	Applicable law and place of jurisdiction	3
	 	 	 

 

 

 

    	 

    	 

    

1. CURRENT SITUATION.

The current situation
is that Aurora Gold Corporation (Customer) requires the services of Lars Pearl (Provider) to undertake CEO responsibilities.

 

2. VALADITY OF AGREEMENT.

This contract becomes valid and effective
once signed and stays valid until one of the termination conditions in chapter 7, “Termination of agreement” are met.

 

3. THE SERVICES.

3.1. The provision of services.

The Provider will render the services in
accordance with this Agreement exercising due care, skill and judgment in

an efficient and professional manner and
in accordance with accepted professional and business practices.

 

3.2. Variations to services.

The Customer may at any time request the
Provider alter the services or request the Provider carry out any work of a character similar to the services as the customer considers
reasonably necessary. These requests must be in writing. The Provider will seek to comply with any such request, provided the request
is reasonably issued and is within the power of the Provider.

 

3.3 Term of service.

The Provider will be available from signing
date of this agreement, unless otherwise stated.

 

3.4 Minimum Term

The agreement commences per chapter 3.3
and ends upon agreed terms. The Provider and Customer may not terminate this agreement prior to this date unless Force Majeure
circumstances, not including personal incapacity, prevent rendering of services under this agreement.

 

4. PREMISES.

All work is to be performed at the customers
address in Zug, Switzerland which is within the offices of Coresco AG. Coresco will allow the Provider to occupy an office complete
with desk and any other equipment where appropriate at Coresco premises free of charge. The use of Coresco work places and/or resources
will not result in or create any obligations for the Provider towards Coresco or any third parties. Work at any other locations
has to be mutually agreed prior to undertaking.

 

5. PAYMENTS.

5.1 Pricing.

Monthly rate per professional month shall
be determined at CHF 12,000.00, gross, per calendar month plus VAT if applicable starting from 1st April 2012.

 

5.2 Invoices and Payment.

The Customer will pay the Provider for
rendering services. The Customer will make all payments to the Provider in accordance with the rates set out in chapter 5.1. The
Provider must submit monthly invoices to the Customer and will do so via Coresco AG. The Customer will pay all correctly rendered
invoices within 15days of receipt.

 

5.3 Payments for variations.

If the Customer requests the Provider in
writing to alter or vary the Services, and the Provider has agreed to render those services, the amount payable by the Customer
to the Provider for any variation carried out in accordance with such direction, will be as agreed by the parties.

    	 

    	 

    

5.4 VAT.

VAT will be added to all invoices rendered
at the Swiss VAT prevailing rates at the time of invoice issue if applicable.

 

6. CONFIDENTIALITY.

All information will be kept confidential per a separate confidentiality
agreement.

 

7. TERMINATION OF AGREEMENT.

This agreement may be mutually terminated
without further liabilities. Termination is valid at the end of the calendar month following the month of mutual termination after
both parties have agreed to it in written form. After this the rights and liabilities of both parties are void.

 

Either party may terminate this agreement
with immediate effect, in the event that the other party:

-Commits any act of gross misconduct or
any other breach of its material obligations under this agreement; or

-Becomes or is declared bankrupt or insolvent
or enters into liquidation or is subject to any proceeding relating to its bankruptcy or insolvency, but without prejudice to any
subsisting rights or either party against the other.

 

If the Customer terminates this agreement
then a six month termination period starting at the end of the calendar month in which notice was given must be paid at that time,
and all options and or warrants granted as per the Staff Option Scheme remain with the provider.

 

8. EXPENSES.

Expenses are included for travel to and
for on-site work at Coresco in Zug, Switzerland.

 

For any other location of work other than
Zug Switzerland, whether corporate or non-corporate sites on behalf of the Customer, all actual costs of business class travel
and accommodation are covered by Aurora Gold Corporation.

 

 

9. CONTRACTUAL CONTACTS.

 

	Lars Pearl:	Lars Pearl
	 	13 Hofnerstrasse
	 	6314 Unteraegeri
	 	Switzerland
	 	Mail: larspearl@yahoo.com.au
	 	Mobile:+41 78 879 6966

 

	Aurora Gold Corporation:	Aurora Gold Corporation
	 	C/ Coresco AG
	 	Level 3 Gotthardstrasse 20
	 	6304 Zug, Switzerland

 

10. APPLICABLE LAW AND PLACE OF JURISDICTION.

The here noted general terms and conditions of the agreement
are subject to Swiss Law. Place of jurisdiction is Zug, Switzerland. 

		 		 
	Lars 	 	 	Aurora Gold Corporation 	 
	 	 	 	 	 
	 	 	 	 	 
	  	 	 	 	 
	Signature	 	 	Signature of Authorised  Signatory	 
	LARS PEARL	 	 	ROSS DOYLE	 
	 	 	 	 	 
	Name	 	 	Name	 
	Zug 10th April

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