Document:

EXHIBIT
      4.26

      
        

      

    

     

    Hybrid
      Corn Seed Sales Contract 

    

    
      	
              Supplier:
                Beijing Origin Seed Joint Stock Company

            	
              Contract
                #:

            
	
              Buyer:

            	
              Date:

            

    

                  

    In
      order
      to promote the use of high quality and high-yield hybrid corn seeds and to
      establish a stable supply relationship, in accordance with the Contract law
      of
      the People’s Republic of China and the Seed Law of the People’s Republic of
      China and after friendly negotiation, the Supper and the Buyer hereby enter
      into
      this Contract and agree as follows: 

    

    
      	
              1.

            	
              Product
                Name, Type, Quantity and Price

            

    

     

    
      	
              Name

            	
              Unit

            	
              Deposit
                (RMB/kg)

            	
              Total
                Price (RMB)

            	
              Remarks
                +

            
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
              Total:
                

            	 	 	 	 

    

    

    
      	
              2.

            	
              Quality
                Standards: 

            

    

    
      	
              3.

            	
              Testing
                and Quarantine: National Standard 

            

    

    

    
      	 	
              (1)

            	
              The
                testing and quarantine of the seeds shall be in full compliance with
                the
                Regulation on the Testing of Agricultural Seeds.
                

            

    

    
      	 	
              (2)

            	
              Relevant
                Quarantine Certificate shall be provided to the Buyer when the seeds
                are
                shipped. Related cost shall be borne by the Supplier.
                

            

    

    
      	 	
              (3)

            	
              Buyer
                shall, within 15 days of the receipt of the shipment of the seeds,
                test
                [technical specifications] of the seeds, and shall notify Supplier
                of the
                test results in writing. Otherwise, relevant technical specifications
                shall be deemed satisfied. 

            

    

    
      	 	
              (4)

            	
              Both
                Supplier and Buyer shall, upon Buyer’s receipt of the shipment, keep a
                sample of the seeds shipped, and properly store these samples in
                suitable
                conditions until the end of the first production period for use in
                case of
                any dispute. 

            

    

    

    
      	
              4.

            	
              If
                Buyer is to accept delivery of the seeds at Supplier’s warehouse, Buyer
                shall inspect the type, quantity and packing of the seeds. If Buyer
                does
                not raise any question on the site of delivery, Buyer shall be deemed
                to
                have accepted such delivery. This paragraph also applies to Buyer’s agent.
                

            

    

    

    
      	
              5.

            	
              Time
                of Delivery 

            

    

    

    
      	
              6.

            	
              Place
                of Delivery and Transportation Cost

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    
      	
              7.

            	
              Packing

            

    

    Packing
      cost shall be born by the Supplier. . 

    

    
      	
              8.

            	
              Payment
                Method

            

    

    Collection
      on delivery. 

    

    
      	
              9.

            	
              Buyer
                shall remit to Supplier a deposit in the amount of ______ no later
                than
                ___________. This Contract shall become effective upon the receipt
                of the
                aforesaid deposit. If Buyer is in full compliance with the Supplier’s
                sales policies, including but not limited to those on pricing, sales
                areas, the aforesaid deposit shall be refunded to Buyer at the end
                of each
                sales season. 

            

    

    

    
      	
              10.

            	
              Liability
                for Breach 

            

    

    In
      the
      event that Supplier refuses to deliver the seeds without cause or the Buyer
       refuses
      to accept delivery without cause, the breaching Party shall pay to the
other
      party stipulated damages in the amount 20% of the Contract price.

    

    
      	
              11.

            	
              Buyer
                shall be responsible for the distribution of the Origin Hybrid Corn
                Seeds
                in the _____ region and shall provide relevant service and advertising.
                Buyer shall also be responsible for maintaining the market order
                of the
                seeds in the ____ region. 

            

    

    

    
      	
              12.

            	
              To
                promote the healthy development of relevant market, both Supplier
                and
                Buyer shall communicate with each other on a regular basis. While
                using
                best efforts to perform this Contract, Buyer may make a request to
                the
                Supplier to return the unsold seeds no later than ________. However,
                the
                quantity of such seeds shall not exceed 10% of the last delivery,
                and the
                packing for such seeds shall not have been opened. The cost of return
                shall be borne by Buyer and the place of return shall be ____. Supplier
                shall exam the returned seeds within 15 days of receipt of the return,
                and
                refund the relevant payment in accordance with the result of the
                examination. 

            

    

    To
      assist
      with after-sale service, Buyer shall provide Supplier its sales record.

    

    
      	
              13.

            	
              Supplier
                shall be liable for any direct economic losses incurred as a result
                of the
                quality of the seeds. Supplier shall not be liable for any losses
                cased by
                Buyer or any natural disaster. 

            

    

    

    
      	
              14.

            	
              In
                case Supplier’s crops fail to generate sufficient seeds due to natural
                disaster and other force majeure event so that Supplier is unable
                to
                perform this contract, Supplier shall notify Buyer in writing and
                both
                parities shall have friendly consultation to solve any dispute.
                HoweverôBuyer’s
                nonperformance of this contract due to the causes mentioned in this
                provision shall not be considered as
                a

            

    

     

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    breach
      of
      this contract. 

     

    
      	
              15.

            	
              Any
                dispute in connection with this contract shall be resolved by
                consultation. If no agreement can be reached through consultation,
                the
                dispute shall be submitted to adjudication by courts with jurisdiction
                over the dispute. 

            

    

    

    
      	
              16.

            	
              Other
                related matters not stipulated in this contract shall be handled
                in
                accordance with the PRC law and regulations.

            

    

    

    
      	
              17.

            	
              This
                contract is written in two originals, and each party shall keep one
                original. 

            

    

    

    

    Supplieræ
      Beijing
      Origin Seed Joint Stock Company

    Addressæ

    Postal
      Code: 

    Tel.
      

    Bank
      account #: 

    Date:
      

    Legal
      Representative or Authorized Representative: 

    

    Buyeræ

    

    Addressæ

    Postal
      Code: 

    Tel.
      

    Bank
      account #: 

    Date:
      

    Legal
      Representative or Authorized Representative:THE
      SECURITIES REPRESENTED BY THIS NOTE HAVE NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED,
      OR WITH
      THE SECURITIES COMMISSIONER OF ANY STATE AND HAVE BEEN ACQUIRED FOR INVESTMENT
      AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF.
      EXCEPT AS OTHERWISE SET FORTH IN THIS NOTE, NO SUCH SALE OR DISTRIBUTION MAY
      BE
      EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT RELATED THERETO OR AN
      OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE MAKER THAT SUCH REGISTRATION
      IS
      NOT REQUIRED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR STATE SECURITIES
      LAWS. 

    

    

    CONVERTIBLE
      PROMISSORY NOTE

     

    
      	$250,000.00 	
              Los
                Angeles, California 

            
	 	
              July
                12,
                2006 

            

    

    

    FOR
      VALUE
      RECEIVED, Patient Safety Technologies, Inc., a Delaware corporation
      (the
“Maker”), with an office located at 1800 Century Park East, Suite 200, Los
      Angeles, CA 90067, hereby promises to pay to the order of Charles J. Kalina
      III
      (the “Noteholder”), the principal sum of Two Hundred Fifty Thousand and Zero/100
      Dollars ($250,000.00) plus interest thereon in lawful money of the United States
      on October 10, 2006 (the “Maturity Date”).

    

    The
      following is a statement of the other terms and conditions to which this
      promissory note (the “Note”) is subject and
      to
      which the Noteholder by the acceptance of this Note agrees:

    

    Maker
      promises to pay the principal sum of Two Hundred Fifty Thousand Dollars
      ($250,000.00) plus interest on the unpaid principal balance at twelve percent
      (12%) per annum, due and payable on the Maturity Date. Interest shall commence
      accruing on the issue date and shall be calculated on the basis of a 365-day
      year and actual days elapsed. In no event shall the interest charged hereunder
      exceed the maximum permitted under the laws of the State of California.

    

    On
      the
      Maturity Date, Maker shall also pay Noteholder a loan origination fee of $8,000
      payable in shares of common stock, $.33 par value per share (“Common Stock”) of
      Maker, valued at the closing sales price of the Common Stock on the day the
      funds are advanced, as obtained from the respective exchange. 

    

    At
      the
      option of Noteholder, and upon two business days’ notice, all or any portion of
      the principal amount of and accrued interest on this Note may be converted
      into
      shares of Maker’s Common Stock. The number of shares of Common Stock to be
      issued upon such conversion shall be equal to the quotient obtained by dividing
      (i) the portion of the amount owing under this Note to be converted plus (if
      so
      elected by Noteholder) accrued interest by (ii) $3.00 (the “Conversion Price”),
      rounded to the nearest whole shares, as adjusted for any stock dividends or
      splits as provided hereinbelow. Interest on this Note shall cease to accrue
      with
      respect to any portion of the Note that is converted into Common Stock on the
      date that such Common Stock is issued to Noteholder. 

    

    If
      Maker,
      at any time while this Note is outstanding (i) pays a stock dividend on its
      Common Stock or otherwise makes a distribution on any class of capital stock
      that is payable in shares of Common Stock, (ii) subdivides outstanding shares
      of
      Common Stock into a larger number of shares, or (iii) combines outstanding
      shares of Common Stock into a smaller number of shares, then in each such case
      the Conversion Price shall be multiplied by a fraction of which the numerator
      shall be the number of shares of Common Stock outstanding immediately before
      such event and of which the denominator shall be the number of shares of Common
      Stock outstanding immediately after such event. Any adjustment made pursuant
      to
      clause (i) of this paragraph shall become effective immediately after the record
      date for the determination of stockholders entitled to receive such dividend
      or
      distribution, and any adjustment pursuant to clause (ii) or (iii) of this
      paragraph shall become effective immediately after the effective date of such
      subdivision or combination.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

    No
      fractional shares of Common Stock will be issued upon conversion of this Note.
      In lieu of any fractional shares to which Noteholder would otherwise be
      entitled, Maker shall pay Noteholder in cash the amount of the unconverted
      principal and interest balance of this Note that would otherwise be converted
      into such fractional share. Upon conversion of this Note pursuant hereto,
      Noteholder shall surrender this Note, duly endorsed, at the principal office
      of
      Maker or any transfer agent of Maker. At its expense, Maker will, as soon as
      practicable thereafter, issue and deliver to Noteholder, at such principal
      office, a certificate or certificates for the number of shares to which
      Noteholder is entitled upon such conversion, together with any other securities
      and property to which Noteholder is entitled upon such conversion under the
      terms of this Note, including a check payable to Noteholder for such cash
      amounts payable as described herein. Upon conversion of this Note, Maker will
      be
      released from all of its obligations and liabilities under this Note with regard
      to that portion of the principal amount and accrued interest being
      converted.

    

    Notwithstanding
      anything to the contrary contained herein, the number of shares of Common Stock
      that may be acquired by Noteholder upon any conversion of this Note (or
      otherwise in respect hereof) shall be limited to the extent necessary to insure
      that, following such exercise (or other issuance), the total number of shares
      of
      Common Stock then beneficially owned by Noteholder and its affiliates and any
      other persons whose beneficial ownership of Common Stock would be aggregated
      with the Noteholder’s for purposes of Section 13(d) of the Exchange Act does not
      exceed 9.999% of the total number of issued and outstanding shares of Common
      Stock (including for such purpose the shares of Common Stock issuable upon
      such
      conversion). For such purposes, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Exchange Act and the rules and regulations
      promulgated thereunder. The provisions of this paragraph may be waived by
      Noteholder, at the election of Noteholder, upon not less than 61 days’ prior
      notice to Maker, and the provisions of this paragraph shall continue to apply
      until such 61st
      day (or
      such later date, as determined by Noteholder, as may be specified in such notice
      of waiver). 

    

    Unless
      permitted by the applicable rules and regulations of the principal securities
      market on which the Common Stock is then listed or traded, in no event shall
      Maker issue upon conversion of or otherwise pursuant to this Note and upon
      exercise of or otherwise pursuant to the Warrant issued in connection with
      this
      Note more than the maximum number of shares of Common Stock that Maker can
      issue
      pursuant to any rule of the principal securities market on which the Common
      Stock is then traded (the “Maximum Share Amount”), which the parties agree is,
      as of the date of this Note, 19.99% of the total shares of Common Stock
      outstanding. In the event that the sum of (x) the aggregate number of shares
      of
      Common Stock that remain issuable upon conversion of this Note and upon exercise
      of the Warrant represents at least one hundred percent (100%) of the Maximum
      Share Amount (the “Triggering Event”), Maker will use its best efforts to seek
      and obtain Stockholder Approval (or obtain such other relief as will allow
      conversions hereunder in excess of the Maximum Share Amount) as soon as
      practicable following the Triggering Event. As used herein, “Stockholder
      Approval” means approval by the shareholders of Maker to authorize the issuance
      of the full number of shares of Common Stock that would be issuable upon full
      conversion of this Note and upon full exercise of the Warrant but for the
      Maximum Share Amount. 

    

     Notwithstanding
      any of the foregoing, Maker shall have the right, at any time, to prepay without
      penalty, in whole or in part, the unpaid principal and interest due on this
      Note
      as of the date of such prepayment. 

     

    The
      entire unpaid principal balance and interest on this Note shall be immediately
      due and payable upon the occurrence of any of the following (each, an “Event of
      Default”):

    

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    a.
       The
      Maker
      filing for relief under any bankruptcy law;

    

    b. The
      filing of a lien, the issuance of a levy or execution, or the seizure,
      attachment or garnishment, or the entry of judgment on or against Maker or
      any
      of Maker’s property which shall not be released, satisfied of record or bonded
      within twenty (20) days thereafter, except liens which exist as of
      the
      date hereof or liens to which the Noteholder shall consent; 

    

    c. The
      Maker
      creates, incurs, assumes or suffers to exist any liability for borrowed money,
      except borrowings in existence or committed on the date hereof and indebtedness
      to trade creditors or financial institutions incurred in the ordinary course
      of
      business; 

    

    d. The
      Maker
      has failed to pay the principal and interest
      on the Maturity Date; or

    

    e. Filing
      of
      any petition, or commencement of any proceeding, under the Bankruptcy Act,
      as
      amended, or under any other insolvency act or law, state or federal, against
      Debtor, or appointment of any receiver or trustee, now or hereafter existing,
      and the continuance thereof for sixty (60) days undismissed, unbonded, or
      undischarged.

    

    All
      rights and remedies available to the Noteholder pursuant to the provisions
      of
      applicable law and otherwise are cumulative, not exclusive, and are enforceable
      alternatively, successively and/or concurrently after default by Maker pursuant
      to the provisions of this Note.

    

    The
      Maker
      waives demand, presentment, protest and notice of any kind and consents to
      the
      extension of time of payments, the release, surrender or substitution of any
      and
      all security or guarantees for the obligations evidenced hereby or other
      indulgence with respect to this Note, all without notice.

    

    This
      Note
      may not be changed, modified or terminated orally, but only by an agreement
      in
      writing, signed by the party to be charged. 

    

    The
      Noteholder may not assign either the right to receive payment under this Note,
      or any other right conferred upon the Noteholder under the terms hereof, to
      any
      other party without the consent of the Maker. Any transferee or transferees
      of
      this Note, by their acceptance hereof, agree to assume the obligations of the
      holder of this Note as set forth herein and shall be deemed to be the
“Noteholder” for all purposes hereunder.

    

    This
      Note
      contains the entire understanding between the Maker and the Noteholder with
      respect to this Note and supersedes any prior written or oral agreement between
      them respecting the subject matter hereof. 

    

    This
      Note
      shall be governed by and construed in accordance with the laws of the State
      of
      California and shall be binding upon the successors and assigns of the Maker
      and
      inure to the benefit of the Noteholder, its successors, endorsees, and assigns.
      

    

    In
      the
      event this Note shall be in default, and placed with an attorney for collection,
      then the Maker agrees to pay all reasonable attorney fees and costs of
      collection of Noteholder. 

    

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

    

    If
      any
      term or provision of this Note shall be held invalid, illegal or unenforceable,
      the validity of all other terms and provisions hereof shall in no way be
      affected thereby.

    

    

    PATIENT
      SAFETY TECHNOLOGIES, INC.

    

    

    

    By:
      ______________________________

    Name:
      Milton “Todd” Ault, III 

    Title:
      Chief Executive Officer     

     

     

    CONSENTED
      TO AND AGREED:

    

    

    _________________________     

    Charles
      J. Kalina, III

     

    

    
      
         

      

      
        -4-

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