Document:

Exhibit 10.8

                    CREDIT LINE AND NOTE EXTENSION AGREEMENT
                    ----------------------------------------

      AGREEMENT made as of the 27th day of December 2005 by and between J. Adam
Holdings, Inc. and SK Realty Ventures, Inc. ("Borrower" or the "Company"), a
Nevada corporation with an office address of 2209 Merrick Road, Suite 204,
Merrick, New York 11566 and Triple J Associates ("Lender") with an address of
410 Elm Street, West Hempstead, NY 11552.

                              W I T N E S S E T H
                              - - - - - - - - - -

      WHEREAS, the Borrower and Lender are parties to a Credit Line Agreement
dated May 1, 2004 in the amount of One Hundred Thousand Dollars ($100,000);

      WHEREAS, the Parties desire to extend the Credit Line for an additional
one year period and two (2) optional one(1) year extensions.

      NOW, THEREFORE, the parties hereto, in exchange for the mutual covenants
herein contained and intending to be legally bound hereby agree as follows:

      1. Note Extension and Options. The Note shall be extended for an
additional one (1) year period commencing on January 1, 2006. In addition, the
Note may be extended at the option of the parties for two (2) additional one (1)
year periods.

      2. Further Assurances. The parties hereto agree from time to time as may
be reasonably required, to execute, verify, acknowledge and deliver Such
documents, and each party agrees to take Such other action, as may be reasonably
necessary or appropriate to carry Out and effectuate the transactions provided
for herein.

      3. Binding Effect; Benefit. This Agreement shall be binding upon and shall
inure to the benefit of the parties hereto and to their respective Successors,
assigns, heirs, distributees and legal representatives.

      4. Arbitration. Any dispute or controversy arising out of or in connection
with this Agreement, including any alleged breach hereof, shall be settled and
determined exclusively by an arbitration held in New York County, New York,
conducted in accordance with the rules of the American Arbitration Association
then obtaining. Any award or decision rendered therein shall be in writing and
shall be binding upon the parties hereto, with the legal fees of the Successful
party to be borne by the unsuccessful party, or otherwise as the arbitrators may
determine fair and reasonable. Such decision maybe entered in any Court of
competent jurisdiction thereover.

<PAGE>

      5. Governing Law; Consent to Jurisdiction. Subject to the terms of the
Section above, this Agreement shall be governed by and construed in accordance
with the laws of the State of New York, without regard to its conflicts of laws
principles. Purchaser irrevocably and unconditionally (a) agrees that any suit,
action or other legal proceeding (subject to the arbitration provisions of
Section 10 above) may be brought in the Courts of record of the State of New
York, situated in New York County, or in the Courts of the United States,
Southern District of New York; (b) agrees that Such courts shall have personal
jurisdiction over each of the signatories hereto in Such Suit, action or other
legal proceeding (to the extent permitted hereunder); and (c) waives any
objection that he may have to the laying of venue of any such Suit, action or
proceeding in any Of such courts, and agrees to waive any claim that any of such
courts constitutes a forum non conveniens. Each of the parties hereto agrees
that in the event of any litigation or arbitration arising herefrom or in
connection herewith, service of any process therein may be duly effected by
sending the same, properly addressed, postage prepaid, sent via certified or
registered United States Mail, return receipt requested, to the intended
recipient at his, her or its address for receipt of notices in accordance with
Section 12 above, along with Such Copies thereof as may be required by Such
Section 12.

      6. Severability . In the event that any provision of this Agreement, or
the application thereof to am, person, entity or circumstance, shall be
determined to be invalid or unenforceable, the remaining provisions of this
Agreement or tile application Of Such provision to persons, entities or
circumstances other than those to which its application is deemed invalid or
unenforceable, shall remain in full force and effect in accordance with the
terms hereof.

      7. Amendment; Modification and Waiver. This Agreement shall neither be
amended nor modified in any respect, and none of the provisions hereof shall be
waived, except by an instrument in writing signed by the parties hereto, making
reference to this Agreement and setting forth tile agreed amendment,
modification or waiver. In the event of a waiver, though, such writing need
on]\, be executed by the party against whom enforcement of such waiver is
sought.

      8. Complete Agreement. This Agreement represents the complete agreement
and understanding of the parties hereto with respect to the subject matter
hereof, merging and superseding only the maturity date with this extension and
any options thereto. All other terms and conditions remain in full force and
effect.

      9. Section Headings. Section headings have been inserted herein solely for
convenience of reference and do not form a substantive part of this Agreement,
nor shall they be accorded any weight in the interpretation hereof.

      10. Counterparts . This Payment Agreement may be executed in any number of
counterparts, each of which shall be deemed an original and all of such
counterparts taken together shall constitute one and the same instrument.

<PAGE>

       IN WITNESS WHEREOF, the undersigned have executed this Agreement, as of
the date and year first above written.

J. Adam Holdings, Inc..

/s/ Richard Miller
-------------------------
Richard Miller, President

SK Realty Ventures, Inc.

/s/ Richard Miller
-------------------------
Richard Miller  President

Triple J Associates

/s/ Richard Miller
-------------------------
Richard MillerAGREEMENT WITH REGARD TO EXERCISE PRICE RESETS
                              AND 4.99% LIMITATION

      THIS AGREEMENT WITH REGARD TO EXERCISE PRICE RESETS AND 4.99% LIMITATION
(the "Agreement") is entered into as of February 9, 2006, by and among Patriot
Scientific Corporation, a corporation duly organized and existing under the laws
of the State of Delaware (the "Company" or "Patriot") and Lincoln Ventures, LLC
(hereinafter referred to as "Lincoln" or the "Investor").

                                    RECITALS:

      WHEREAS, prior to the date hereof the Company and Lincoln have entered
into each of the convertible debentures (the "Debentures") described in the
table below. Concurrently with each Debenture, the Company and Lincoln entered
into a set of Related Documents. For purposes hereof, "Related Documents" shall
include the Securities Purchase Agreement, Registration Rights Agreement,
Warrant and any other agreement entered into concurrently or in conjunction with
the Debentures.

<TABLE>
<CAPTION>
       Chronological Number     Date of Issuance
         of Debenture and        Debenture and       Dollar Amount of    Number of Shares of
        Related Documents      Related Documents         Debenture            Warrant            Fixed Price
        -----------------      -----------------         ---------            -------            -----------
<S>                              <C>                     <C>                 <C>                  <C>
        1                          4-23-2002             Converted           2,514,809            $0.03686

        2                          6-10-2002             Converted           7,674,853              $0.015

        3                         12-16-2002             Converted           1,428,571              $0.015

        4                          1-24-2003             Converted           Exercised                 N/A

        5                          3-24-2003             Converted           3,963,414              $0.015

        6                          5-20-2003             Converted           Exercised                 N/A

        7                           6-9-2003             Converted           2,307,692              $0.015

        8                           8-5-2003             Converted           Exercised                 N/A

        9                          9-22-2003             Converted           Exercised                 N/A

        10                        10-21-2003             Converted           2,142,857              $0.035

        11                         1-23-2004             Converted           Exercised                 N/A

        12                         3-24-2004             Converted           3,366,727              $0.015

        13                         5-11-2004             Converted           6,951,428             $0.0336

        14                          11-17-04            $25,000 in           9,431,137             $0.0167
                                                        outstanding
                                                         principal

        13                          11-18-04             Converted           4,000,000              $0.025
</TABLE>

      WHEREAS, the warrants described in the table above shall be referred to
herein as the "Lincoln Warrants," and the Securities Purchase Agreements
accompanying the Debentures described in the table above shall be referred to
herein as the "Securities Purchase Agreements."

                                       1
<PAGE>

      WHEREAS, the Company and Lincoln entered into an Amendment to Warrants
dated as of March 24, 2004 (the "First Amendment to the Warrants");

      Whereas, any warrants to purchase common stock of PATRIOT that have been
issued to Lincoln by Patriot for any reason at any time in the past up through
and including the date hereof, including but not limited to Lincoln Warrants in
the above table, are referred to herein as the "Lincoln Warrants;"

      Whereas, any agreements that have been entered into between Patriot and
Lincoln at any time up through and including the date hereof, including but not
limited to the above listed agreements and Related Documents, and any Debentures
and Warrants issued by the Company to Lincoln, including but not limited to the
Lincoln Debentures and the Lincoln Warrants specified in the above table, are
collectively referred to herein as the "Lincoln Agreements;"

      Whereas, the PARTIES mutually desire to enter into this Agreement.

                                     TERMS:

         NOW, THEREFORE, in consideration of the mutual promises,
representations, warranties, covenants and conditions set forth in Agreement and
for other good and valuable consideration, the receipt and sufficiency of which
is hereby acknowledged:

1. LOWEST RESET PRICE. For purposes hereof, "Fixed Price" shall have the meaning
set forth in the above table in the first recital to this Agreement, with
respect to each Debenture and Warrant listed on such table.

2. RESET PROVISION IN THE LINCOLN WARRANTS. Each Lincoln Warrant is hereby
amended to add the following language to the end of last sentence of the first
paragraph of Section 3 thereof:

         " provided that, after February 1, 2006, the "Lowest Reset Price" shall
         equal the Fixed Price, as defined in that certain Agreement With Regard
         to Exercise Price Resets And 4.99% Limitation (the "Reset Fixing
         Agreement") entered into as of February 9, 2006, by and among Patriot
         Scientific Corporation and Lincoln Ventures, LLC taking into account,
         as appropriate, any adjustments made pursuant to Section 5 hereof."

3. RESET PROVISION IN THE LINCOLN DEBENTURES. Each Lincoln Debenture is hereby
amended to add the following language to the end of Section 1.2(b) thereof:

         "Notwithstanding the above, after February 1, 2006, the "Conversion
         Price" shall be reset to equal the Fixed Price, as defined in that
         certain Agreement With Regard to Exercise Price Resets and 4.99%
         Limitation (the "Reset Fixing Agreement") entered into as of February
         9, 2006, by and among Patriot Scientific Corporation and Lincoln
         Ventures, LLC (subject to equitable adjustments for stock splits, stock
         dividends or rights offerings by the Borrower relating to the
         Borrower's securities or the securities of any subsidiary of the
         Borrower, combinations, recapitalization, reclassifications,
         extraordinary distributions and similar events), and shall not be reset
         thereafter."

                                       2

<PAGE>

4. EXPANSION OF 4.99% PROVISIONS TO 9.99%. To the extent that any provision in
any of the Lincoln Agreements limits the ability of Lincoln, through the
exercise of warrants, the conversion of debentures, or otherwise, to acquire
shares of the Common Stock of the Company, so that Lincoln cannot at any time be
the beneficial owner of more than 4.99% of the Common Stock of the Company, any
and all such provisions are hereby amended to substitute the figure 9.99% for
the figure 4.99%.

5. NO FURTHER MODIFICATION. Except as set forth in this Agreement and in the
Waiver and Agreement entered into by the parties concurrently with this
Agreement, all of the terms and provisions of the Lincoln Agreements in effect
as of the date of this Agreement shall remain unmodified and in full force and
effect.

      IN WITNESS WHEREOF, the undersigned have executed this Agreement as of
this 9th day of February, 2006.

PATRIOT SCIENTIFIC CORP.                       LINCOLN VENTURES, LLC

By:                                            By:
   ------------------------------------           -----------------------------
   David H. Pohl                                  Roy A. Adams,  Manager
   Chief Executive Officer

By:
   ------------------------------------
   Thomas J. Sweeney
   Chief Financial Officer

                                       3

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