Document:

Exhibit
        10.6

       

      SOLOMON
        TECHNOLOGIES, INC.

      SENIOR
        SECURED PROMISSORY NOTE

      

      

      THIS
        NOTE
        HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
        AMENDED, OR ANY STATE SECURITIES LAWS AND MAY NOT BE SOLD OR OTHERWISE
        TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR
        AN
        OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION
        IS NOT REQUIRED UNDER SUCH ACT AND LAWS.

      
        	 	 
	
                $150,000
                  

              	
                September
                  15, 2005

              
	 	 

      

      FOR
        VALUE
        RECEIVED, SOLOMON TECHNOLOGIES, INC., a Delaware corporation (“Company”), with
        its principal office at 1400 L&R Industrial Boulevard, Tarpon Springs,
        Florida 34689, hereby promises to pay to the order of Jezebel Management
        Corporation, a Florida corporation (“Holder”), with its principal office at c/o
        JMC Venture Partners LLC, 2 Oliver Street, Suite 203, Boston MA 02109 (the
        “Holder’s Office”), or its assigns, on November 1, 2005 (the “Maturity Date”),
        the principal amount of ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000) (the
        “Principal Amount”), in such coin or currency of the United States of America as
        at the time of payment shall be legal tender for the payment of public or
        private debts, together with interest on the unpaid balance of said Principal
        Amount from time to time outstanding at the rate of twelve percent (12%)
        per
        annum (“Interest”). The unpaid Principal Amount, together with the then accrued
        unpaid Interest and all other amounts owed hereunder, shall be due and payable
        on the Maturity Date. Payment of the Principal Amount and Interest hereunder
        shall be made by check to the Holder at the Holder’s office or wire transfer of
        immediately available good funds to such bank account as the Holder may
        designate by notice to the Company prior to any such payment.

       

      In
        connection with the issuance of this Note, the Company has executed a security
        agreement dated as of March 16, 2005 (as amended, restated or modified from
        time
        to time, the “Security Agreement”), pursuant to which the Holder has been
        granted a first priority security interest in the “Collateral” identified
        therein.

       

      This
        Note
        is one of a series of substantially similar notes of the Company with an
        aggregate principal amount of up to $750,000 (collectively, the “Notes”). The
        Notes shall be payable pari passu
        with
        each other but shall at all times be senior to any other indebtedness of
        the
        Company in right of payment of principal, interest and all other sums due
        or
        payable, and all other present and future indebtedness and obligations of
        the
        Company, other than accrued taxes or taxes due and payable. 

       

      This
        Note
        is subject to prepayment in whole or in part at any time and from time to
        time
        without penalty or premium, but with Interest on the amount prepaid to the
        date
        of prepayment. All prepayments will first be applied to the repayment of
        accrued
        fees and expenses, then to Interest accrued on this Note through the date
        of
        such prepayment until all then outstanding accrued Interest has been paid,
        and
        then shall be applied to the repayment of the Principal Amount.

      

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      1. Default.

      

      1.1 Events
        of Default.
        Upon
        the occurrence of any of the following events (herein “Events of
        Default”):

      

      (i) The
        Company shall fail to pay the Principal Amount and Interest on this or any
        other
        Note on the Maturity Date;

      

      (ii) (A) The
        Company shall commence any proceeding or other action relating to it in
        bankruptcy or seek reorganization, arrangement, readjustment of its debts,
        receivership, dissolution, liquidation, winding-up, composition or any other
        relief under any bankruptcy law, or under any other insolvency, reorganization,
        liquidation, dissolution, arrangement, composition, readjustment of debt
        or any
        other similar act or law, of any jurisdiction, domestic or foreign, now or
        hereafter existing; or (B) the
        Company shall admit the material allegations of any petition or pleading
        in
        connection with any such proceeding; or (C) the
        Company shall apply for, or consent or acquiesce to, the appointment of a
        receiver, conservator, trustee or similar officer for it or for all or a
        substantial part of its property or admit generally an inability to pay its
        debts as they become due; or (D) the
        Company shall make a general assignment for the benefit of
        creditors;

      

      (iii) (A) The
        commencement of any proceedings or the taking of any other action against
        the
        Company in bankruptcy or seeking reorganization, arrangement, readjustment
        of
        its debts, liquidation, dissolution, arrangement, composition, or any other
        relief under any bankruptcy law or any other similar act or law of any
        jurisdiction, domestic or foreign, now or hereafter existing and the continuance
        of any of such event for thirty (30) days undismissed, unbonded or undischarged;
        or (B) the
        appointment of a receiver, conservator, trustee or similar officer for the
        Company for any of its property and the continuance of any of such event
        for
        thirty (30) days undismissed, unbonded or undischarged; or (C) the
        issuance of a warrant of attachment, execution or similar process against
        any of
        the property of the Company and the continuance of such event for thirty
        (30)
        days undismissed, unbonded and undischarged;

       

      (iv) Any
        of
        the Company’s representations or warranties contained herein is determined by a
        court of competent jurisdiction as false or misleading in any material respect;
        or

       

      (v) The
        Company shall breach or fail to perform or observe any obligation, covenant,
        term, condition, provision or agreement of the Company contained in this
        Note or
        in any of the other Notes, after giving effect to any applicable notice
        provisions and cure periods; provided, however, that with respect to a failure
        to comply with any of the provisions of Sections 2.2(a) and (c) of this Note,
        such failure is not remedied within twenty (20) days after the Company’s receipt
        of written notice of same; 

       

      then,
        and
        in any such event, the Holder, at its option and without written notice to
        the
        Company, may declare the entire Principal Amount of this Note then outstanding
        together with any accrued Interest thereon immediately due and payable, and
        the
        same shall forthwith become immediately due and payable without presentment,
        demand, protest, or other notice of any kind, all of which are expressly
        waived,
        and exercise any and all other legal or equitable rights resulting therefrom.
        Upon the occurrence of an Event of Default that remains uncured as set forth
        herein and the placement of this Note in the hands of an attorney for
        collection, the Company agrees to pay reasonable collection costs and expenses,
        including reasonable attorneys’ fees and interest from the date of the Event of
        Default at the rate of eighteen percent (18%) per annum computed on the unpaid
        principal balance. The Events of Default listed herein are solely for the
        purpose of protecting the interests of the Holder of this Note.

      

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      1.2 Non-Waiver
        and Other Remedies.
        No
        course of dealing, delay or omission on the part of the Holder of this Note
        in
        exercising any right hereunder shall operate as a waiver or otherwise prejudice
        the right of the Holder of this Note. Holder shall not be deemed to have
        waived
        any of its rights under this Note unless such waiver is in writing and signed
        by
        Holder. A waiver in writing by Holder on one occasion shall not be construed
        as
        a consent to or a waiver of any right or remedy on any future occasion. No
        remedy conferred hereby shall be exclusive of any other remedy referred to
        herein or now or hereafter available at law, in equity, by statute or
        otherwise.

      

      2. Obligation
        to Pay Principal and Interest; Covenants.
        No
        provision of this Note shall alter or impair the obligation of the Company,
        which is absolute and unconditional, to pay the Principal Amount of and Interest
        on this Note at the place, at the respective times, at the rates, and in
        the
        currency or securities herein prescribed.

      

      2.1 In
        no
        event shall the amount or rate of interest due and payable under this Note
        exceed the maximum amount or rate of interest allowed by applicable law and,
        in
        the event any such excess payment is made by Company or received by Holder,
        such
        excess sum shall be credited as a payment of Principal Amount (or if no
        Principal Amount remains outstanding, shall be refunded to the Company).
        It is
        the express intent hereof that the Company shall not pay and Holder not receive,
        directly or indirectly or in any other manner, interest in excess of that
        which
        may be lawfully paid under applicable law. All Interest (including all charges,
        fees or other amounts deemed to be Interest) that is paid or charged under
        this
        Note shall, to the maximum extent permitted by applicable law, be amortized,
        allocated and spread on a pro rata
        basis
        throughout the actual term of this Note.

       

      2.2 Covenants.
        The
        Company covenants and agrees that, while this Note is outstanding, it
        shall:

      

      (a) Pay
        and
        discharge all taxes, assessments and governmental charges or levies imposed
        upon
        it or upon its income and profits, or upon any properties belonging to it
        before
        the same shall be in default; provided, however, that the Company shall not
        be
        required to pay any such tax, assessment, charge or levy that is being contested
        in good faith by proper proceedings and adequate reserves for the accrual
        of
        same are maintained if required by generally accepted accounting principles;
        

      

      (b) Preserve
        its corporate existence and continue to engage in business of the same general
        type as conducted as of the date hereof;

      

      (c) Comply
        in
        all respects with all statutes, laws, ordinances, orders, judgments, decrees,
        injunctions, rules, regulations, permits, licenses, authorizations and
        requirements (“Requirement(s)”) of all governmental bodies, departments,
        commissions, boards, companies or associations insuring the premises, courts,
        authorities, officials, or officers, that are applicable to the Company;
        except
        when the failure to comply would not have a material adverse effect on the
        Company; provided that nothing contained herein shall prevent the Company
        from
        contesting in good faith the validity or the application of any
        Requirements.

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      3. Miscellaneous.

      

      3.1 Required
        Consent.
        The
        Company may not modify any of the terms of this Note without the prior written
        consent of the Holder.

       

      3.2 Lost
        Documents.
        Upon
        receipt by the Company of evidence satisfactory to it of the loss, theft,
        destruction or mutilation of this Note or any Note exchanged for it, and
        (in the
        case of loss, theft or destruction) of indemnity satisfactory to it, and
        upon
        surrender and cancellation of such Note, if mutilated, the Company will make
        and
        deliver in lieu of such Note a new Note of like tenor and unpaid principal
        amount and dated as of the original date of the Note.

       

      3.3 Legend.
        This
        Note shall be imprinted with a legend in substantially the following
        form:

      

      THIS
        NOTE
        HAS NOT BEEN REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS
        AMENDED, OR ANY OTHER STATE SECURITIES LAWS AND MAY NOT BE SOLD OR OTHERWISE
        TRANSFERRED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR
        AN
        OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE ISSUER THAT SUCH REGISTRATION
        IS NOT REQUIRED UNDER SUCH ACT AND LAWS. 

      

      3.4 Benefit.
        This
        Note shall be binding upon and inure to the benefit of the parties hereto
        and
        their legal representatives, successors and assigns.

       

      3.5 Notices
        and Addresses.
        All
        notices, offers, acceptances and any other acts under this Note (except payment)
        shall be in writing, and shall be sufficiently given if delivered to the
        addressee in person, by overnight courier service or similar receipted delivery,
        or, if mailed, postage prepaid, by certified mail, return receipt requested,
        as
        follows:

      
        	 	 	 
	 	
                To
                  the Holder:

              	
                To
                  the Holder’s address on page 1 of this Note,

                Attn.:
                  Michael A. D’Amelio

              
	 	 	 
	 	
                To
                  the Company:

                 

              	
                To
                  the Company’s address on page 1 of this Note,

                Attn:
                  Peter W. DeVecchis, Jr., President

              
	 	 	 
	 	
                With
                  a copy to:

              	
                Davis
                  & Gilbert LLP

                1740
                  Broadway

                New
                  York, New York 10019

                Attn: Ralph
                  W. Norton, Esq.

              
	 	 	 

      

      or
        to
        such other address as any party, by notice to the other parties, may designate
        from time to time. Time shall be counted to, or from, as the case may be,
        the
        delivery in person or five business days after mailing. 

      

      
        
          
          

        

        
          4

          
            

          

        

        
          
          

        

      

      3.6 Governing
        Law.
        This
        Note will be deemed to have been made and delivered in New York and will
        be
        governed as to validity, interpretation, construction, effect and in all
        other
        respects by the internal laws of the State of New York. 

       

      3.7 Section
        Headings.
        Section
        headings herein have been inserted for reference only and shall not be deemed
        to
        limit or otherwise affect, in any matter, or be deemed to interpret in whole
        or
        in part any of the terms or provisions of this Note.

       

      3.8 Interpretation.
        Whenever possible, each provision of this Note shall be interpreted in such
        manner as to be effective and valid under applicable law, but if any provision
        of this Note shall be prohibited by or invalid under applicable law, such
        provision shall be ineffective only to the extent of such prohibition or
        invalidity, without invalidating the remainder of such provision or the
        remaining provisions of this Note.

      

      3.9 Assignment.
        All
        rights of Holder under this Note may be assigned by Holder to any third party
        and all rights of Holder hereunder shall inure to the benefit of its
        transferees, successors and assigns.

       

      IN
        WITNESS WHEREOF, this Note has been executed and delivered on the date specified
        above by the duly authorized representatives of the Company and the
        Holder.

      
        
          	 	 	 
	 	SOLOMON
                  TECHNOLOGIES, INC.
	 
 	 
 	 
 
	 	By:  	/s/ Peter
                  W. DeVecchis, Jr.
	 	
                  
Name:
Peter
                  W. DeVecchis, Jr.
	 	Title:  
                  President 

        

        
          	
                	 	 
	 	 
	 	Accepted
                  and Agreed:
	 	 
	 	JEZEBEL MANAGEMENT
                  CORPORATION 
	 
 	 
 	 
 
	 	By:  	/s/ Michael
                  A. D’Amelio
	 	
                  
Name:
                  Michael
                  A. D’Amelio
	 	Title:
                  President 

        

      
        
          
          

        

        5Exhibit
        10.7

       

      AGREEMENT
        

      

      AGREEMENT
        (this
“Agreement”)
        dated
        as of October 26, 2005 by and among Solomon Technologies, Inc., a
        Delaware corporation (the “Company”),
        Woodlaken LLC (“Woodlaken”),
        Jezebel Management Corporation (“Jezebel”),
        Pinetree (Barbados) Inc. (“Pinetree”)
        and
        Coady Family LLC (“Coady”,
        and,
        together with Woodlaken, Jezebel and Pinetree, the “Investors”).

      

      W I T N E S S E T H:

      

      WHEREAS,
        the
        Company has sold $750,000 aggregate principal amount of Senior Secured
        Promissory Notes to the Investors in the amounts set forth on Schedule 1
        (the
“Notes”);
        

      

      WHEREAS,
        the
        maturity date of each of the Notes is November 1, 2005, as set forth on the
        face
        of each Note or, with respect to the Notes originally issued before September
        15, 2005, as set forth in an agreement between the Company and the holders
        of
        such Notes dated as of September 15, 2005; 

      

      WHEREAS,
        the
        Company and the Investors now wish to amend the Notes to extend their maturity
        until December 1, 2005;

      

      WHEREAS,
        Company
        has authorized the sale of up to an additional $500,000.00 of Senior Secured
        Promissory Notes (the “Additional
        Notes”);
        and

      

      WHEREAS,
        the
        Investors and the Company now wish to amend that certain Security Agreement
        dated as of March 16, 2005 by and between the Company and the Investors (the
        “Security
        Agreement”)
        to
        provide that
        the
        Additional Notes, when issued, will be entitled to share in the security
        interest in the Company’s assets provided by such agreement on a pari
        passu
        basis
        with the holders of the Notes.

      

      NOW,
        THEREFORE,
        in
        consideration of the premises and the mutual covenants and agreements contained
        herein and for other good and valuable consideration, the receipt and
        sufficiency of which are hereby acknowledged, the parties hereto, intending
        to
        be legally bound, hereby agree as follows:

      
         

        1. 
          AMENDMENT
          OF NOTES.

         

      

      1.1. Extension
        of Maturity Dates.
        Each of
        the outstanding Notes is hereby amended by striking the maturity date of
        November 1, 2005 and substituting therefor a new maturity date of December
        1,
        2005.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      1.2 Additional
        Notes Pari
        Passu.
        Each of
        the outstanding Notes is hereby amended to provide that each of the Additional
        Notes, when issued and sold, shall be payable pari
        passu
        with the
        outstanding Notes.

       

      1.3 Full
        Force and Effect.
        Except
        as amended hereby, the terms of the Notes remain in full force and
        effect.

      
         

        2. 
          AMENDMENT
          OF SECURITY AGREEMENT.

         

      

      2.1 Security
        Agreement. Section
        20 of the Security Agreement is hereby deleted and replaced in its entirety
        with
        the following:

       

      Section
        20. Additional
        Secured Parties.
        The
        Debtor, Woodlaken, Jezebel, Pinetree (Barbados), Inc. (“Pinetree”) and Coady
        Family LLC (“Coady”) acknowledge that the Debtor may sell up to an additional
        $1,000,000 aggregate principal amount of promissory notes having substantially
        the same terms as the Notes (for a maximum aggregate principal amount of
        $1,250,000) and such parties, and all persons who become Secured Parties
        after
        the date hereof, agree that upon the sale of a promissory note and the execution
        of a joinder agreement in the form of Schedule
        B
        hereto
        by the purchaser thereof, (i) such purchaser shall be deemed a “Secured Party”
        hereunder and (ii) Schedule
        A
        hereto
        shall be amended to include all relevant information pertaining to such
        purchaser and the Note purchased by him, her or it. Schedule
        A
        as so
        amended shall be initialed or signed by the President of the
        Debtor.

      

        3. 
          MISCELLANEOUS.

         

      

      3.1. Law
        Applicable.
        This
        Agreement shall be governed by and construed pursuant to the laws of the
        State
        of New York, without giving effect to conflicts of laws principles.

      

      3.2 Counterparts.
        This
        Agreement may be executed in counterparts, each of which shall be an original,
        but all of which together shall constitute one and the same instrument and
        it
        shall not be necessary in making proof of this Agreement to account for all
        such
        counterparts.

      

      Remainder
        of Page Intentionally Left Blank

       

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF,
        the
        undersigned have hereunto set their hands to this Agreement as of the day
        and
        year first above written.

      
        	 	 	 
	 	 	 
	 	COMPANY:
	 	 
	 	SOLOMON TECHNOLOGIES,
                INC. 
	 
 	 
 	 
 
	 	By:  	/s/ Peter
                W. DeVecchis, Jr.
	 	
                
Name:
                Peter W. DeVecchis, Jr.
	 	Title:
                President 

      

      
        	 	 	 
	 	WOODLAKEN
                LLC
	 
 	 
 	 
 
	 	By:  	/s/ Gary
                M. Laskowski
	 	
                
Name:
                Gary M. Laskowski 
	 	Title:  
                Manager  

      

      
        	
              	 	 
	 	JEZEBEL
                MANAGEMENT CORPORATION
	 
 	 
 	 
 
	 	By:  	/s/ Michael
                A. D’Amelio
	 	
                
Name:
                Michael A. D’Amelio 
	 	Title:
                President 

      

      
        	
              	 	 
	 	PINETREE
                (BARBADOS) INC.
	 
 	 
 	 
 
	 	By:  	/s/
                J. Gordon Murphy
	 	
                
Name:
                J. Gordon Murphy 
	 	Title:
                President

      

      
        	
              	 	 
	 	COADY
                FAMILY LLC
	 
 	 
 	 
 
	 	By:  	/s/
                Patrick D. Coady
	 	
                
Name:
Patrick
                D. Coady
	 	Title:
                Manager

      

       

       

      
        
          
          

        

        
          3

          
            

          

        

        
          
          

        

      

      SCHEDULE
        1

      

      Senior
        Notes

      

      
        	
                Name
                  of Investor

              	
                Date
                  Issued

              	
                Principal
                  Amount

              
	
                Woodlaken
                  LLC

              	
                March
                  7, 2005

              	
                $

              	
                40,000.00

              
	
                Jezebel
                  Management Corporation

              	
                March
                  16, 2005

              	
                $
                  

              	
                100,000.00

              
	
                Pinetree
                  (Barbados) Inc.

              	
                April
                  1, 2005

              	
                $

              	
                50,000.00

              
	
                Woodlaken
                  LLC

              	
                April
                  1, 2005

              	
                $

              	
                10,000.00

              
	
                Jezebel
                  Management Corporation

              	
                April
                  18, 2005

              	
                $
                  

              	
                75,000.00

              
	
                Coady
                  Family LLC

              	
                May
                  25, 2005

              	
                $
                  

              	
                100,000.00

              
	
                Jezebel
                  Management Corporation

              	
                July
                  8, 2005

              	
                $
                  

              	
                75,000.00

              
	
                Jezebel
                  Management Corporation

              	
                August
                  16, 2005

              	
                $
                  

              	
                150,000.00

              
	
                Jezebel
                  Management Corporation

              	
                September
                  15, 2005

              	
                $
                  

              	
                150,000.00

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