Document:

EXHIBIT 10.29

WACHOVIA

	
  
Note
  	
  
 
  
	
  
 
  	
  
 
  
	
  
Paramus, New   Jersey
  	
  
 
  
	
  
 
  	
  
 
  
	
  
Date:  December   14, 2001
  	
  
$ 2,500,000
  

 

FOR VALVE RECEIVED, the undersigned (hereinafter called the “Borrower”`) hereby promises to pay to the order of Wachovia Bank, N.A. (hereinafter called the “Lender”) at its office where borrowed or such other place as Lender hereafter may direct from time to time in writing, in immediately available funds of lawful money of the United States, the sum of Two Million Five Hundred Thousand and 00/100        Dollars together with any unpaid interest hereon from date of advance, in accordance with the terms contained in this Note.

	
  
Repayment:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
ON DEMAND,   the principal amount set forth above or the unpaid principal amount of all   advances which the Lender actually makes hereunder to the Borrow, whichever   amount is less. This Note and any attachment hereto shall be used to record   the outstanding principal balance advanced hereunder until it is surrendered   to the Borrower by the Lender, and it shall continue to be used even though   there may be periods prior to such surrender when no amount of principal or   interest is owing hereunder. If advances of the principal amount hereof are   to be made by Lender to the Borrower after the date of the Note, Lender, at   his sole discretion, is hereby authorized to make such advances under this   Note upon telephonic or written communication of a borrowing request from any   person representing himself or herself to be the Borrower, or, in the event   the Borrower is a partnership or corporation, a duly authorized officer or   representative of
Borrower.
  
	
  
 
  	
  
 
  
	
  
Interest:
  
	
  
 
  	
  
 
  
	
  
 
  	
  
In addition   to the payments described above, interest shall be payable monthly in arrears   beginning January 1, 2002. Interest shall be calculated at a rate per annum   equal to the Lender’s “Monthly LIBOR Index,” plus one hundred twenty five   (125) basis points, as defined in Schedule I attached to this Note and   incorporated herein by reference. Interest will be calculated on the basis of   a year of 360 days for the actual number of days elapsed. In no event shall   interest exceed the maximum rate permitted by applicable law.
  

After demand or maturity (whether by acceleration or otherwise), as applicable, interest or any unpaid balance hereof shall be payable on demand at a rate per annum equal to the greater of 150% of the Prime Rate or 2% above the rate applicable prior to demand or maturity, adjusted for any changes in the Prime Rate as of the day such Prime Rate changes, not to exceed the maximum rate permitted by applicable law.

To the extent not prohibited by law, a late charge of four percent (4%) or the applicable statutory maximum, whichever is greater, shall be assessed on any payment remaining past due for fifteen (15) days or more unless interest on this Note is payable in advance, in which case such period shall instead be thirty (30) days or more, provided, however, that if any applicable statute allows a shorter minimum time period for the imposition of a late charge, such shorter time period shall prevail.

All payments on this Note shall be applied, in accordance with the then current billing statement applicable to this Note, first to accrued interest, then to fees, then to principal due, and then to late charges. Any remaining funds shall be applied to the further reduction of principal. Notwithstanding the foregoing, upon the occurrence of a default hereunder, payments shall be applied as determined by Lender in its sole discretion.

No waiver by the Lender of any default shall be effective unless in writing nor operate as a waiver of any other default on a past or future occasion. To the extent not prohibited by law, the Borrower hereby grant to the Lender a security interest in and security title to and does hereby assign, pledge, transfer and convey to Lender (i) all property of the Borrower of every kind or description now or hereafter in the possession or control of the Lender, exclusive of any such property in the possession or control of the Lender as a fiduciary other than as agent, for any reason, including, without limitation, all cash, stock or other dividends and all proceeds thereof, and all rights to subscribe for securities incident thereto and any substitutions or replacements for, or other rights in connection with, any of such collateral and (ii) any balance or deposit accounts of the Borrower, whether such accounts be general or special, or individual or multiple party, and
upon all drafts, notes or other items deposited for collection or presented for payment by the Borrower with the Lender, exclusive of any such property in the possession or control of the lender as a fiduciary other than as agent, and the Lender may at any time, without demand or notice, appropriate and apply any of such to the payment of any indebtedness, obligations and liabilities of the Borrower to the Lender, now existing or hereafter incurred or arising (hereinafter sometimes referred to as the “Obligations”), except for other indebtedness, obligations and liabilities owing to Lender that constitute (a) consumer credit as defined in Federal Reserve Board Regulation Z or (b) non-consumer credit if under applicable state law the maximum interest rate for such credit is reduced when secured. All parties to this Note, including the makers, endorsers, sureties and guarantors, whether bound by this or by separate instrument or agreements, shall be jointly and severally liable for the
indebtedness evidenced by this Note and hereby (1) waive presentment for payment, demand, protest, and any and all other notices and demands whatsoever; (2) consent that at any time, or from time to time, payment of any sum payment under this Note may be extended without notice, whether for a definite or indefinite time; and (3) agree to remain liable until the indebtedness evidenced hereby is paid in full irrespective of any extension, modification or renewal. No conduct of the holder shall be deemed a waiver or release of such liability, unless the holder expressly releases such party in writing. Upon (i) any failure of any Obligor (which term shall include the Borrower and each endorser, surety or guarantor of this Note) to pay any of the Obligations when due or to observe or perform any agreement, covenant or promise hereunder or in any other agreement, note instrument or certificate of any Obligor to the Lender, now existing or hereafter executed in connection with any of the Obligations,
including but not limited to, a loan agreement, if applicable, and any agreement guaranteeing payment of any of the Obligations; (ii) any default of any Obligor in the payment or performance of any other liabilities, indebtedness or

obligations to Lender or any other creditor or to allow or permit any other liabilities, indebtedness or obligations to Lender or any other creditor to be accelerated; (iii) any failure of any Obligor to furnish Lender current financial information upon request; (iv) any failure of any person to observe or perform any agreement, covenant or promise contained in any agreement, instrument or certificate executed in connection with the granting of a security interest in property to secure the Obligations or any guaranty security the Obligations; (v) any warranty, representation or statement made or furnished to the lender by or on behalf of any Obligor in connection with the extension of credit evidenced by this Note proving to have been false in any material respect when made or furnished; (vi) the dissolution, change of control, termination of existence, insolvency, business failure or appointment of a receiver of any part of the property of, assignment for the
benefit of creditors by, or the commencement of any proceeding under any bankruptcy or insolvency laws, state or federal, by or against, the Borrower or any other Obligor; (vii) any discontinuance or termination of any guaranty of any of the Obligations by a guarantor; or (viii) the Lender deeming itself insecure, thereupon, or at any time thereafter, to the extent permitted by law, the Lender at its option may terminate any obligation to extend any additional credit or make any other financial accommodation to the Borrower and/or may declare all of the Obligations to be immediately due and payable. If any Obligation (including but not limited to the Note) is a demand instrument, the statement of a maturity date, the requirement for the payment of periodic interest or the recitation of defaults and the right of the Lender to declare any Obligation due and payable shall not constitute an election by Lender to waive its right to demand payment under a demand at any time and to any event as Lender in its
sole discretion may deem appropriate. The borrower shall pay to the holder on demand all expenses, including reasonable attorneys’ fees and expenses of legal counsel, incurred by the holder in any way arising from or relating to the enforcement or attempted enforcement of the Note and any related guaranty, collateral document or other document and the collection, whether by litigation or otherwise, of the Note. Time is of the essence.

Borrower acknowledges that Lender may reproduce (by electronic means or otherwise) any of the documents evidencing and/or securing the Obligations and thereafter may destroy the original documents. Borrower does hereby agree that any document so reproduced shall be and remain the binding obligation of Borrower enforceable and admissible in evidence against it to the same extent as if the original documents had not been destroyed.

This Note, and the rights and obligations of the parties hereunder, shall be governed and construed in accordance with the laws of the State of North Carolina. All prior agreements to the extent inconsistent with the terms of this Note shall be construed in accordance with the provisions hereof. 

IN WITNESS WHEREOF, the Borrower has executed this Note under seal the day and year set forth above.

	
  
 
  	
  
Borrower:
  
	
  
 
  	
  
 
  
	
  
Attest:
  	
  
NUVIM, INC.
  
	
  
 
  	
  

  
	
   
  	
  
(Name of   Corporation, LLC or Partnership)
  
	
  
 
  	
  
 
  	
  
 
  
	
  
  ________________________________
  	
  
By:
  	
  
/s/ RICHARD P. KUNDRAT  (SEAL)
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Richard   Kundrat
  
	
  
Title:  ____________________________
  	
  
Title:
  	
  
Chairman
  

SCHEDULE I

This Schedule is referenced on the Note dated December 14, 2001 in the stated amount of $2,500,000 between NuVim, Inc. as Borrower and Wachovia Bank, N.A. as Lendor and shall be considered a part thereof to the same extent as if written therein.

          The Note shall bear interest from the date hereof at a rate per annum equal to the “Monthly LIBOR Index” for the applicable Interest Period plus one hundred twenty five (125) basis points.

          As used herein, the “Monthly LIBOR Index” for an applicable Interest Period shall mean a rate per annum equal to the quotient obtained by dividing (i) the applicable “LIBOR” for such Interest Period by (ii) 1.00 minus the “Eurodollar Reserve Percentage”. The monthly LIBOR Index shall be adjusted automatically on and as of the effective date of any change in the Eurodollar Reserve Percentage. 

          As used herein, the “LIBOR” shall mean for the applicable Interest Period the rate per annum, at which deposits of United States dollars with maturities comparable to the applicable Interest Period, that appears on the display designated as page “3750” of the Telerate Service (or such other page as may replace page 3750 of that service or such other service or services as may be designated by the British Bankers’ Association for the purpose of displaying London Interbank Offered Rates for U.S. dollar deposits), determined as of 11:00 a.m. (London Time) (rounded upward to the next higher of 1/10,000 of 1%), two (2) “Business Days” prior to the commencement of the applicable Interest Period.

                    As used herein, “Eurodollar Reserve Percentage” means for any day that percentage (expressed as a decimal) which is in effect on such day, as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the maximum reserve requirement for a member bank of the Federal Reserve System in respect of “Eurocurrency liabilities”. 

                    As used herein, “interest Period” shall mean each successive calendar month, with the first Interest Period being the period from the date of the Note until the last day of that calendar month.

                    As used herein, “Business Day” shall mean a day on dealings in United States dollar deposits are being carried out I the London interbank eurodollar market. 

          Notwithstanding any provisions herein to the contrary, if the Lender should at any time determine that it is not possible to determine the Monthly LIBOR Index or that the Monthly LIBOR Index is no longer available, then the Note shall continue to bear interest at the rate in effect during the last Interest Period in which the Monthly LIBOR Index was available or determinable until the beginning of the next Interest Period in which the Monthly LIBOR Index is available or determinable.

SECURITY AGREEMENT

          NuVim, Inc., a Delaware corporation (the “Pledgor”), as an inducement to Kevin Kimberlin Partners L.P., a Delaware limited partnership (the “Secured Party”), to guarantee payment of the Notes (as defined below) hereby agrees, effective January 31, 2001, as follows.

WITNESSETH:

          WHEREAS, concurrently herewith Wachovia, N.A. (“Wachovia”) is making a series of loans and advances to the Debtor on a demand basis, and for each such loan the Debtor is issuing Wachovia a Demand Note (each, a “Note”);

          WHEREAS, concurrently herewith the Secured Party has agreed to guarantee the Pledgor’s obligations under the Wachovia Note and all future notes issued by Wachovia to the Company, if any (the “Guarantee”), in order to induce Wachovia to issue the Wachovia Note;

          WHEREAS, concurrently herewith the Pledgor and the Secured Party entered into that certain Indemnity Agreement dated concurrently herewith (the “Indemnity Agreement”), whereby the Pledgor indemnified the Secured Party for its Wachovia Guarantee;

          WHEREAS, it is a condition precedent to the delivery of the financing pursuant to the Note that the Pledgor shall have granted the security interest contemplated by this Agreement.

          Now, THEREFORE, in consideration of the premises and in order to induce the Secured Party to guarantee the financing pursuant to the Note, and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the Pledgor hereby agrees as follows:

          1.       Defined Terms.

                    1.1.     Definitions. (a) The following terms which are defined in the Uniform Commercial Code in effect in the State of New York on the date hereof arc used herein as so defined: Accounts, Chattel Paper, Documents, Equipment, General Intangibles, Instruments, Inventory and Proceeds,

                    (b)     The following terms shall have the following meanings:

                    “Code”:  the Uniform Commercial Code as from time to time in effect in the State of New York.

                    “Collateral”:  as defined in Section 2 of this Agreement,

                    “Contracts”:  all contracts and agreements of the Pledgor including, without limitation, (l) all rights of the Pledgor to receive moneys due and to become due to it thereunder or in connection therewith, (ii) all rights of the Pledgor to damages arising out of or for breach or default in respect thereof and (iii) all rights of the Pledgor to exercise all remedies thereunder.

                    “Obligations”):  the collective reference to the unpaid principal of and interest on the Note and all other obligations and liabilities of the Pledgor to Wachovia or the Secured Party, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, the Note, this Agreement, the Indemnity Agreement or any other document made, delivered or given in connection therewith or in connection with any other note or other document or instrument, in each case whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses or otherwise.

                    “Vehicles”:  means all cars, trucks, trailers, construction and earth moving equipment and other vehicles covered by a certificate of title law of any state and all tires and other appurtenances to any of the foregoing.

                    1.2.      Other Definitional Provisions. (a) The words “hereof,” “herein” and “hereunder” and words of similar import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement and section and paragraph references are to this Agreement unless otherwise specified.

                    (b)       The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

          2.         Grant Of Security Interest. As collateral security for the prompt and complete payment and performance when due (whether at the stated maturity, by acceleration or otherwise) of the Obligations, the Pledgor hereby grants to the Secured Party a first priority security interest in all of its assets and properties (except to the extent a first priority security interest has previously been granted to the Secured Party on any Collateral), whether tangible or intangible, now owned or at any time hereafter acquired by the Pledgor or in which the Pledgor now has mat any time in the future may acquire any right, title or interest (collectively, the “Collateral”), including, without limitation the following property:

	
  
 
  	
  
(a)
  	
  
all   Accounts;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(b)
  	
  
all Chattel   Paper;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(c)
  	
  
all   Contracts;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(d)
  	
  
all   Documents;
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
(e)
  	
  
all   Equipment;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(f)
  	
  
all General   Intangibles;
  

	
  
 
  	
  
(g)
  	
  
all   Instruments;
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
(h)
  	
  
all   Inventory;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(i)
  	
  
all}Vehicles;
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(j)
  	
  
all books   and records pertaining to the Collateral; and
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
(k)
  	
  
to the   extent not otherwise included, all Proceeds and products of any and all of   the foregoing.
  

          3.         Financial Statements and Notice.  Pledgor hereby authorizes Secured Party, without notice to Pledgor, to file any financing statements and any amendments thereto or continuations thereof, naming Pledgor as debtor and Secured Party as secured party. At Secured Party’s request, Pledgor will execute any such financing statements, amendments or continuations and, in the event that Pledgor shall fail to do so within ten (10) days of such request, Secured Party may execute the same in the name of Pledgor. In order to perfect, maintain or protect its security interest, Secured Party may give notice of its security interest in Collateral and may deliver a copy of this Agreement to any person.

          4.         Preservation of Collateral.  Without the prior written consent of Secured Party, which consent shall not be unreasonably withheld, Pledgor shall urn make an assignment, grant a security interest, or attempt any transfer of Collateral or any interest in it (other than in the ordinary course of business), and shall keep all Collateral free from all levies, attachments, liens, encumbrances and charges of whatsoever kind. Pledgor shall give immediate written notice to Secured Party of any levy, attachment, lien, encumbrance or charge against or upon Collateral which shall not be discharged, released or satisfied within ten (10) days. Secured Party, at its option, may pay or cause the discharge of taxes, liens, attachments, security interests or any other encumbrances at any time levied or placed on Collateral, take any action to
maintain and preserve Collateral and remedy any breach of Pledgor hereunder. Pledgor shall do, execute and deliver all additional acts, deeds, and instruments as Secured Party may reasonably require, to more completely vest in and assure to Secured Party its rights hereunder. Pledgor shall not amend any Collateral or grant any releases, extensions or waivers thereunder except in arms-length transactions and, if such amendments are material, upon ten (10) days prior written notice to Secured Party,

          5.         Default.  Default shall exist hereunder if an “Event of Default” shall occur under the Note (as set forth therein).

          6.         Rights Following Default. (a) Upon and following a Default, (1) Secured Party shall have all rights and remedies afforded by the Code to a secured creditor having a security interest in property to which Article 9 thereof applies and (ii) except as provided herein, Pledgor shall have all rights and remedies afforded by the Code to a debtor granting a security interest in property to which Article 9 thereof applies.

                    (b)         Following a Default, Pledgor will, upon receipt of any proceeds, dividend, stock certificate or other sums arising from any attempted sale or other disposition of Collateral or any instrument evidencing an obligation to pay such sums, hold same in trust for Secured Party in the form received, and will forthwith, without notice or demand, endorse, transfer and deliver same to Secured Party.

                    (c)         Pledgor hereby irrevocably appoints Secured Party its true and lawful agent, with power of substitution for Pledgor, to act in the event of a Default in Pledgor’s name or in Secured Party’s name as fully and completely as though Secured Party were the absolute owner of Collateral for all purposes. Secured Party may exercise all Pledgor’s rights of collection, enforcement, conversion or exchange and all other similar rights, privileges and options pertaining to Collateral, all Pledgor’s rights to commence, prosecute or settle any legal actions, give releases, or settle or compromise any rights, with respect to Collateral, and generally all Pledgor’s rights to sell, assign, transfer, pledge, convey, make any agreement with respect to, or otherwise deal with,
Collateral, Nothing herein shall be construed as requiring Secured Party to make any demand or inquiry as to the nature or sufficiency of any payment received by it, or to take any action with respect to Collateral or moneys, proceeds and income, due or to become due thereunder, and no such action taken or omitted to be taken, or delay, by Secured Party, shall give rise to any defense, counterclaim or setoff in favor of Pledgor or to any claim or action against Secured Party. In the event of a Default, Secured Party shall have the right, without prior notice to Pledgor, to notify, or to require Pledgor to notify, the parties obligated on any Collateral, to make payment thereon directly to Secured Party, but Pledgor shall give such notice itself if requested to do so by Secured Party.

          7.         Remedies Cumulative and not Waivable.  The rights and remedies of Secured Party herein expressly specified are cumulative and not exclusive of other contractual, common law or statutory rights and remedies which Secured Party may have, including without limitation, the right of set-off, Secured Party shall be under no duty to exercise or withhold the exercise of any of its rights and remedies provided hereunder or otherwise. No omission or delay by Secured Parry in exercising any such right or remedy fully shall operate as a waiver` or a partial waiver, of any such right or remedy; nor shall any single or partial exercise of any such right or remedy preclude other or further exercise thereof or the exercise of any other right or remedy.

          8.         Remedies Fullv Exercisable.  All rights and remedies that Secured Party may have available to it under arrangements to secure or support the Obligations (including but not limited to any right of set-off, guaranty, bond, letter of credit, insurance, security agreement, pledge, mortgage or deed of trust) may be exercised from lime to time, in part or in whole, and in any order by Secured Party without marshalling Pledgor’s assets, and without regard to the effect of exercise alone right or remedy upon another right or remedy, the existence of other security interests, liens or encumbrances upon any of Pledgor’s property, or the relative degree or amount of equity that Pledgor shall have in one asset as against another.

          9.         Expenses of Secured Party and Indemnification.  Pledgor shall pay or reimburse to Secured Party upon demand any and all costs of Secured Party (including all reasonable attorneys’ fees and disbursements) incident to the establishment, defense, exercise or enforcement of its rights under this Agreement, or the defense of any action arising in connection with this Agreement, including without limitation all costs incurred by Secured Party under, or in exercising rights under, this Agreement. Except as otherwise provided herein expressly, Pledgor hereby agrees to indemnify and hold harmless Secured Party, absent gross negligence or willful misconduct on the part of Secured Party, from and against all claims, losses, judgments and liabilities arising in connection with the Collateral, this Agreement or exercise of any right or
remedy of Secured Party.

          10.         Termination.  Notwithstanding anything to the contrary contained herein, this Agreement shall terminate, at such time as Pledgor shall have irrevocably paid to Wachovia or the Secured Party (in immediately available funds) all amounts due under the Note or the Note shall have been fully converted into capital stock of the Pledgor according to its terms and satisfied all Obligations owed to Wachovia and the Secured Party.

          11.         Notices; Waiver of Presentment, etc.   Any notice, demand, request or process in connection herewith shall be effective if sent by prepaid registered, certified or express mail or by a reputable courier service to Secured Party or to Pledgor at their respective addresses set forth in the Note or subsequently designated by either party. Pledgor hereby waives presentment, notice of dishonor and protest of any instruments included in or evidencing Obligations and all other notices and demands not expressly required by this Agreement.

          12.         Governing Law; Resolution of Disputes.  This Agreement shall he construed in accordance with and governed by the laws of the State of New York applicable to agreements made and performed wholly in such state. Except as may be otherwise provided herein or as the context may require, all terms used herein shall have the meaning ascribed to them by the Code. The Pledgor hereby irrevocably agrees that any legal action, suit or proceedings respecting, relating or arising from its obligations, liabilities or any other matter under or arising out of or in connection with this Agreement may he brought in any New York State or Federal court sitting in the City of New York, as the Secured Party may elect, and, by execution and delivery of this Agreement, hereby irrevocably accepts and submits to the jurisdiction of each of the aforesaid
courts in personam, generally and unconditionally with respect to any such action, suit or proceeding for itself and in respect of-its property, assets and revenues, Nothing herein shall, or shall be construed so as to, limit the right of the Secured Party to bring actions, suits or proceedings with respect to the obligations and liabilities of the Pledgor under, or any other matter arising out of or in connection with, this Agreement, in the courts of whatever jurisdiction in which the principal office of the Secured Party may be located or assets of the Pledgor may be found or as otherwise shall to the Secured Party seem appropriate, or to affect the right to service of process in any jurisdiction in any other manner permitted by law.

          13.         Other Provisions.  This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof. It sets forth representations relied upon by Pledgor in connection with it. No provision hereof may be modified without the written consent of the party against whom enforcement may be sought. The Secured Party, and its respective directors, officers, attorneys, agents and employees shall not be liable to Pledgor for any loss or damage caused by any act or omission on the part of any of them unless such loss or damage shall have been caused by the gross negligence or willful misconduct of such person, unless such loss or damage shall have been the direct, immediate and necessary result of such act or omission and unless such result was intended by such person or such person knew that such loss or damage
was the probable result of his act or omission. This Agreement shall be binding upon the successors and assigns of Pledgor and shall inure to the benefit of the successors and assigns of the Secured Party. In the event any one or more of the provisions contained in this Agreement should be invalid, illegal or unenforceable in any respect, the validity, legality and enforceability of the remaining provisions contained shall not be affected or impaired in any way. Section headings used herein are for convenience only and shall not affect the construction of this Agreement.

	
  
 
  	
  
 
  	
  
/s/ RICHARD P. KUNDRAT
  
	
   
  	
  
 
  	
  

  
	
  
 
  	
  
 
  	
  
Pledgor
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
Title:
  	
  
 
  

INDEMNITY AGREEMENT

          THIS INDEMNITY AGREEMENT (this “Agreement”) is made this 2th day of February 2001 by and between NuVim, Inc. a Delaware corporation (the “Company”), and Kevin Kimberlin Partners L.P., a Delaware limited partnership, and Spencer Trask & Co. (collectively or individually, as the context may require, referred to as “Guarantor”).

RECITALS:

	
  
 
  	
  
1.
  	
  
Guarantor   has agreed to guarantee (the “Guarantee”) the Company’s obligations under a   loan or a series of loans (the “Loans”) by and between the Company and Wachovia   Bank, N.A. (the “Lender”) FOR the Company’s working capital needs (the “Line   of Credit”).
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
2.
  	
  
Lender would   not have entered into the Loans with the Company without the Guarantor’s   Guarantee.
  
	
   
  	
  
 
  	
  
 
  
	
  
The Company   and Guarantor agree as follows:
  
	
  
 
  
	
  
 
  	
  
3.
  	
  
The Company   agrees to irrevocably, unconditionally, and absolutely guarantee to Guarantor   the full, faithful, timely and proper compliance and observance of the   following covenants so long as Guarantor is required to guarantee the   Company’s performance under the Loans:
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
a.
  	
  
The Company   shall provide Guarantor with a copy of all financial information reports, and   all material documents, instruments, notices, correspondence and other   information required to be provided or otherwise given by the Company to   Lender or to any other party relating to the Loans;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
b.
  	
  
The Company   shall provide Guarantor with a copy of all material documents, instruments,   notices, correspondence and other information received by the Company from   Lender or any other party relating to the Loans;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
c.
  	
  
The Company   shall not commit fraud or material misrepresentation which may cause a   default under any of the Loans;
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
d.
  	
  
The Company   will not amend any of the Loans without the prior written consent of   Guarantor, unless the effect of such amendment(s) is to terminate the   liability of the Guarantor under the Guarantee;
  

	
  
 
  	
  
 
  	
  
e.
  	
  
The Company   shall comply with, satisfy and fulfill each of its obligations under the   Loans in accordance with their respective provisions; and
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
f.
  	
  
The Company   shall cure a default or event of default (as specified in the Loans), if   curable, declared by Lender under any Loan, or satisfy any obligation   incurred by the Guarantor pursuant to the Guarantee.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
4.
  	
  
In order to   induce the Guarantor to issue the Guarantee, and in consideration thereof,   the Company hereby agrees to (i) issue to Guarantor, with respect to the   Outstanding Balance (as defined below), 5-year warrants to purchase one (1)   share of the Company’s common stock, par value $.00001 share (“Common Stock”)   for every $1.00 principal amount of the Outstanding Balance, each such   warrant having an exercised price of $1.00 per share, and otherwise on   customary terms and conditions to be agreed to by the parties as soon as   practicable and (ii) pay Guarantor, with respect to the excess of (a) the   amount of the Line of Credit over (b) the Outstanding Balance, two percent   (2%) of the such excess. The Company shall promptly pay such guarantee fees   to Guarantor as soon as practicable after the calculation of such fee is   possible. For this purpose, the term “Outstanding Balance” shall mean the   amount of the Loans that
is outstanding 120 days after the date hereof.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
5.
  	
  
The Company   agrees to protect, defend, indemnify and save harmless Guarantor from, and   pay or reimburse it for, any and all liabilities, obligations, claims,   damages, penalties, causes of action, costs and expenses imposed upon or   incurred by or asserted against Guarantor under the Guarantee.
  
	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
6.
  	
  
The Company   agrees that Guarantor has the right, but not the obligation, to cure any and   all defaults by the Company under any of the Loans as they may occur. If such   a default or any breach of any covenants under any of the Loans by the   Company shall occur, Guarantor shall have the right to take such actions as   Guarantor deems reasonably necessary or appropriate to minimize or eliminate   Guarantor’s potential liability under the Guarantee. Guarantor shall not have   any liability to the Company for any actions.
  

	
  
 
  	
  
7
  	
  
This   Agreement shall not be affected, modified or impaired by the voluntary or   involuntary liquidation, dissolution, sale or other disposition of all or   substantially all or the assets, marshaling of assets and liabilities,   receivership, insolvency, bankruptcy, assignment for the benefit of   creditors, reorganization, arrangements, composition with creditors or   readjustment of, or other similar proceedings affecting, the Company.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
8.
  	
  
Presentment,   protest, demand, and notice of protest and demand, and notice or receipt of   any and all collateral, and of the exercise of possessory remedies or   foreclosure on any and all collateral received by Guarantor from the Company,   or any other person are hereby waived. All settlements, compromises.   compositions, accounts stated, and agreed balances in good faith between any   primary or secondary obligors on any accounts received as collateral shall be   binding upon the Company.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
9.
  	
  
Waivers.  The failure by Guarantor at any time or   times hereafter to require strict performance by the Company of any of the   provisions, warranties, terms, and conditions contained herein or in any   other agreement, document, or instrument now or hereafter executed by the   Company and delivered to Guarantor shall not waive, affect, or diminish any   right of Guarantor hereafter to demand strict compliance or performance   therewith and with respect to any other provisions, warranties, terms and   conditions contained in such agreements, documents, and instruments, and any   waiver of a default hereunder shall not waive or effect any other default   hereunder, whether prior or subsequent thereto and whether of the same or a   different type. None of the warranties, conditions, provisions,   and terms contained in this Agreement or in any agreement, document, or   instrument now or hereafter executed by the Company and delivered to
Guarantor shall he deemed to have been waived by any act or knowledge of   Guarantor, its agents, officers or employees, but only by an instrument in   writing, signed by an officer of Guarantor and directed to the Company   specifying such waiver.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
10.
  	
  
Representations   and Warranties of Company, To induce Guarantor to   enter into this Agreement, the Company represents and warrants   to Guarantor as follows.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(a)
  	
  
Power to   Incur Obligations, The Company has the full power   and unrestricted right to enter into this Agreement and to incur the   obligations provided for herein.
  

	
   
  	
  
 
  	
  
(b)
  	
  
Conflicts.   This Agreement does not violate, conflict with, or constitute any default   under any decree, judgment, or any other agreement or instrument binding upon   the Company. This Agreement does not violate any of the organization   documents of the Company.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(c)
  	
  
Pending   Matters.  No   action or investigation is pending, or to the best of the Company’s   knowledge, threatened before or by any state or federal court or   administrative agency that might result in any material adverse change in the   financial condition or operations of the Company. The Company is not in violation   of any agreement, the violation of which might reasonably be expected to have   a material adverse effect on its or its affiliates’ respective business or   assets, and the Company is not in violation of any order, judgment, or   decrees of any state or federal court.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
(d)
  	
  
Financial   Statements Accurate.  All financial statements of the Company hereafter provided by   the Company are or will be true, complete in all material respects as of   their respective dates and will fairly present the financial condition of the   Company, and there are no material liabilities, direct or indirect, fixed or   contingent, as of the respective dates of such statements which arc not   reflected therein or in a written certificate delivered with such statements.   The financial statements of the Company are prepared in accordance with GAAP   applied on a consistent basis from year to year. There has been no material   adverse change in the financial condition, operations, or prospects of the   Company since the dates of such statements except as fully disclosed in   writing with the delivery of such statements.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(e)
  	
  
Disclosure.   Neither this Agreement nor any other document, financial statement, credit   information, certificate or statement required herein to he furnished to   Guarantor by the Company in connection with this Agreement contains any   incorrect or misleading statement of material fact nor omits to state a   material fact required to make the statements herein not misleading.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(f)
  	
  
Organization   of the Company. The Company is a Delaware   corporation, duly formed, validly existing and in good standing under the   laws of its state of organization and is duly qualified to conduct its   business in each jurisdiction where the nature of its activities or   properties or the conduct of its business requires the Company to be so   qualified.
  

	
  
 
  	
  
 
  	
  
(g)
  	
  
Consent.   No consent of any other party and no consent, license, approval or   authorization with any governmental authority or agency is required in   connection with the execution and delivery of this Agreement by the Company.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
(h)
  	
  
Due   Execution_ and Enforcement. This Agreement   constitutes a valid and legally binding obligation of the Company,   enforceable in accordance with its respective terms.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
11.
  	
  
Binding   Effect; Successors and-Assigns. The   covenants, agreements, and conditions contained herein or granted hereby   shall he binding upon and shall inure to the benefit of the Company and   Guarantor, and each of their respective successors and permitted assigns.   Nothing in this Agreement, express or implied, is intended to confer on any   person other than the parties hereto, or their respective successors and   assigns, any rights, remedies, obligations or liabilities wader or by reason   of this Agreement. The Company may assign and transfer its   interest in this Agreement only with Guarantor’s prior written consent, which   consent may be withheld, delayed or conditioned in Guarantor’s sole and   absolute discretion.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
12.
  	
  
Notices.   All notices, requests, demands, elections and other communications which   either party to this Agreement may be required to give hereunder shall be in   writing and shall be deemed to have been duly given if delivered personally,   by a reputable courier service which requires a signature upon delivery, by   mailing the same by registered or certified first class mail, postage   prepaid, return receipt requested, to the party to whom the same is so given   or made, or via facsimile. Such notice, request, demand, waiver, election or   other communication will be deemed to have been given as of the date so   delivered or two days after mailing thereof.
  
	
   
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
(a)
  	
  
Notice to   Guarantor:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P.
   c/o Spencer Trask & Co.
   535 Madison Avenue, 18th Floor
   New York, NY
   10022 Attn: Kevin
   Kimberlin Fax:
   212-751-3483
  

	
   
  	
  
 
  	
  
 
  	
  
Spencer   Trask & Co.
   535 Madison Avenue, 18’h Floor
   New York, NY 10022
   Ann: William P. Dioguardi
   Fax: 212-888-9103
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
With a   required copy to:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
Kirkpatrick   & Lockhart LLP
   1251 Avenue of the Americas 
   New York, New York 10020   
   Attn: Stephen R. Connoni, Esq. 
   Fax: 212-536-3901
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
(b)
  	
  
Notice to   the Company:
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
NUVIM, INC.
   12 Route 17 North, Suite 210
   Paramus, NJ 07652
   Attn: David Grein 
   Fax: 201 556 1012
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
or to such   other addresses as such party shall have specified by   notice to the other party hereto.
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
   
  	
  
13.
  	
  
Entire   Agreement, This Agreement constitutes the entire   agreement and understanding between the parties hereto as to the matters set   forth herein and supersedes and revokes all prior agreements and   understandings, oral and written, between the parties hereto or otherwise   with respect to the subject matter hereof. No change, amendment, termination   or attempted waiver of any of the provisions hereof shall be binding upon any   party unless set forth in an instrument in writing signed by the party to be   bound or their respective successors in interest.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
14.
  	
  
Counterparts.   This Agreement may be executed simultaneously in two or more counterparts,   each of which shall be deemed an original and all of which together shall   constitute one and the same instrument. A counterpart may consist of a   signature page of this Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
15.
  	
  
Headings.   The section and other headings contained in this Agreement are for reference   purposes only and shall not be deemed to be a part of this Agreement or to   affect the meaning or interpretation of this Agreement.
  

	
  
 
  	
  
16.
  	
  
Construction.   Within this Agreement, the singular shall include the plural and the plural   shall include the singular, and any gender shall include all other genders,   all as the meaning and the context of this Agreement shall require.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
17.
  	
  
Cooperation.   The parties hereto shall cooperate fully at their own expense, except as   otherwise provided in this Agreement, with each other and their respective   counsel in connection with all steps to be taken as part of their obligations   under this Agreement.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
18.
  	
  
Severability.   If any term, covenant, condition or provision of this Agreement or the   application thereof to any circumstance shall be invalid or unenforceable to   any extent, the remaining terms, covenants, conditions and provisions of this   Agreement shall not be affected thereby and each remaining term, covenant,   condition and provision of this Agreement shall be valid and shall be   enforceable to the fullest extent permitted by law. If any provision of this   Agreement is so broad as to be unenforceable, such provision shall be   interpreted to be only as broad as is enforceable.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
19.
  	
  
Governing   Law. The validity and interpretation of this   Agreement shall be construed in accordance with, and governed by, the   internal laws of the State of New York, without regard to principles of   conflicts of laws.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
20.
  	
  
CONSENT TO   JURISDICTION. THE PARTIES HEREBY AGREE THAT ANY NEW   YORK COURT SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS   OR DISPUTES PERTAINING DIRECTLY OR INDIRECTLY TO THIS AGREEMENT.
  

          IN WITNESS WHEREOF, the parties have duly executed this Agreement as of the date hereof.

	
  
 
  	
  
NUVIM, INC.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
/s/ DAVID E. GREIN   2/5/01
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
By:
  	
  
David Grein
  
	
  
 
  	
  
Title:
  	
  
Chief   Financial Officer
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
SPENCER TRASK & CO,
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
/s/ WILLIAM P. DIOGUARDI
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
By:
  	
  
William P.   Dioguardi
  
	
  
 
  	
  
Title:
  	
  
President
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
KEVIN KIMBERLIN PARTNERS   L.P.
  
	
   
  	
   
  	
   
  
	
   
  	
   
  	
  /s/ KEVIN B. KIMBERLIN
  
	
   
  	
   
  	
  

  
	
   
  	
  By:
  	
  Kevin B.   Kimberlin
  
	
   
  	
  Title:
  	
  General   PartnerEXHIBIT 10.33

[NUVIM LOGO]
 Richard P. Kundrat
 12 North State Route 17
 Paramus, NJ 07652
 (201) 556-1010

December 31, 2004

Spencer Trask Specialty Group LLC 
 535 Madison Avenue
 New York, NY 10022
 Attn: Kevin Kimberlin, Managing Member

Re:          Spencer Trask Specialty Group LLC Debt Extinguishment Transaction

Dear Sirs,

This letter sets forth the terms of our mutual agreement to enact a restructuring of certain debt and equity interests held by Kevin Kimberlin Partners L.P., Spencer Trask Specialty Group LLC, Spencer Trask Private Equity Fund I LP and Spencer Trask Private Equity Fund II LP and any other related or predecessor entities (all of the foregoing entities are hereafter referred to as “Spencer Trask”), and Stolle Milk Biologics, Inc. (“Debt and Equity Interests”), concurrent with the closing of an initial public offering (“IPO”) of Nuvim Inc.’s (“NuVim”) common stock. Your agreement to the restructuring events described below is an integral part of the proposed stock offering and will be included in the prospectus to investors.

The term Debt and Equity Interests used herein refers to the following: 

               a.  A loan agreement between NuVim and Wachovia Bank, N.A. made in 2001, under which Kevin Kimberlin Partners L.P. is guarantor, for a principal amount of $2,500,000 together with accrued interest thereon through December 31, 2004.

               b. Outstanding Senior Subordinated Convertible Notes payable to Spencer Trask by NuVim aggregating $2,480,000 in principal plus accrued interest and default interest thereon, as of December 31, 2004.

               c.  Warrants held by Spencer Trask to purchase approximately 55,546 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the guarantee of the Wachovia bank indebtedness.

               d.  Warrants held by Spencer Trask to purchase approximately 81,818 shares of NuVim preferred stock, at an exercise price of $11.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the Senior Subordinated Convertible Notes.

               e.  Warrants held by Spencer Trask to purchase approximately 9,017 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the issuance of NuVim’s Series A preferred stock.

               f.  Approximately 18,182 shares of NuVim Series A preferred stock held by Spencer Trask, after NuVim’s proposed 55 to 1 reverse stock split, and

               g.  Transactions particular to Spencer Trask Specialty Group LLC and NuVim which are detailed in Schedule A and/or Schedule B annexed hereto, and the balance of the Senior Subordinated Convertible Note(s) due and owing to Spencer Trask Specialty Group LLC, inclusive of principal, interest, penalty interest and other charges which are specified in Schedule C hereto.

NOW, for other good and valuable consideration described below, Spencer Trask Specialty Group LLC agrees with respect to all Debt and Equity Interests applicable to Spencer Trask Specialty Group LLC as follows:

	
  
 
  	
  
1.
  	
  
To not   exercise conversion rights in any of the aforementioned  Debt and Equity Interests, and to waive   any anti-dilution or conversion price adjustments contained therein.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
2.
  	
  
To pay the   $2,500,000 principal balance and all accrued interest due thereon to the   Wachovia Bank, N.A., through the IPO closing date (the “Closing Date”), on   behalf of NuVim, simultaneously with    the closing of the IPO.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
3.
  	
  
To cancel   the Senior Subordinated Convertible Notes of $2,480,000 and forgive unpaid   interest thereon and default interest thereon through the Closing Date   simultaneously with the closing of the IPO.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
4.
  	
  
To accept 235,182   shares of NuVim common stock, after NuVim’s proposed 55 to 1 reverse stock   split, in consideration paragraphs 1 through 3 inclusive, and to cancel all   outstanding warrants described in this letter agreement or its attachments.
  

It is further agreed that no finder’s fees or warrants will be owed by NuVim to any Spencer Trask entity or to Donald F. Farley as a consequence of the IPO, whether under Placement Agency Agreements dated January 13, 2000 and October 12, 2001, or under any Finders Agreement entered into subsequent thereto, nor will the IPO be considered a “transaction” as described in such agreements.

It is expressly agreed and acknowledged that Spencer Trask Specialty Group LLC’s agreement to the transactions set forth in this letter agreement, including without limitation, the restructuring and waiver of warrants and finder’s fees, is subject to and conditioned upon the closing of the IPO on or before April 30, 2005 complying with all of the terms and conditions of that certain Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim and Paulson Investment Company, Inc. 

Assuming that what is contained herein is accurate and memorializes our agreement and understanding, please date, sign and return the original to me in triplicate. In addition, I would appreciate if you would also deliver a conformed copy by facsimile transmission to John Murphy, Esq. at (650) 323-1108.

2

          IN WITNESS WHEREOF, the parties hereto have entered into this agreement as of the date first above-written.

Very truly yours,

	
  
NUVIM, INC.
  	
  
 
  
	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD P. KUNDRAT
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
Richard   Kundrat
  	
  
 
  
	
  
 
  	
  
Chairman   & CEO
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
AGREED,   VERIFIED, RATIFIED & CONFIRMED:
  
	
  
 
  
	
  
SPENCER TRASK SPECIALTY   GROUP LLC
  
	
  
 
  
	
  
By:
  	
  
/s/ KEVIN KIMBERLIN
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
Kevin   Kimberlin
  	
  
 
  
	
  
 
  	
  
Non-Member   Manager
  	
  
 
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Enclosures
  	
  
 
  
	
  
Cc:
  	
  
Mr. Donald   Farley
  	
  
 
  
	
  
 
  	
  
Mr. William   Dioguardi
  	
  
 
  

3

Spencer Trask Specialty Group LLC 
 SCHEDULE A

	
  09/13/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% senior   secured convertible promissory note for $1,700,000 (Maturity date 12/31/2002,   def. int 6%)
  	
  
 
  	
  
Old Notes   were rolled into this note. Interest is calculated from dates of original   note: 11-8-99 ($300k); 5-31-02 ($700k); 7-5-02   ($270k); 7-19-02 ($130k)
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/10/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% secured   promissory note for $200,000 convertible into Series C Preferred Stock @ .20   per share (Maturity date 8/10/2003, def. int 6%)
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/27/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% senior   secured convertible promissory note for $100,000 (Maturity date 8/10/2003,   def. int 6%)
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
03/03/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% senior   secured convertible promissory note for $50,000 (Maturity date 8/10/2003,   def. int 6%)
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
03/18/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% senior   secured convertible promissory note for $130,000 (Maturity date 8/10/2003, def.   int 6%)
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Agreement to purchase 1,700,000 shares Series C Convertible Preferred Stock
  	
  
 
  	
  
And all   warrants issued or attendant thereto
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/10/2003
  	
  
 
  	
  
Kevin   Kimberlin Partners LP (or Spencer Trask Specialty Group LLC)
  	
  
 
  	
  
Warrant   Agreement to purchase 2,500,000 shares Series C Convertible Preferred Stock @   .20 per share.
  	
  
 
  	
  
And all   warrants issued or attendant thereto
  

Spencer Trask Specialty Group LLC
 SCHEDULE B

	
  Date
  	
   
 	
  
Parties   (NuVim with:)
  	
   
 	
  
Description
  	
   
 	
  
Disposition
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	
  
12/20/2001
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Certificate No. W-0068 restricted securities—1,000,000 shares
  	
  
 
  	
  
Per 1/29/01   & 2/2/01 loan and indemnity agreement and amendment no. 1 dated 5/29/01
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
01/31/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Security   Agreement
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/01/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Letter   Agreement
  	
  
 
  	
  
Cancelled   and Replaced by 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/01/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% Senior Convertible   Promissory Note-$1,000,000.00
  	
  
 
  	
  
Cancelled   and Replaced by 9/13/02
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
05/31/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% secured   promissory note for $700,000.00 convertible into equity securities upon the   sale of the same
  	
  
 
  	
  
Cancelled   and Replaced by 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
05/31/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% secured   promissory note for $300,000.00 convertible into equity securities upon the   sale of the same
  	
  
 
  	
  
Cancelled   and Replaced by 9/13/02
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
07/05/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% secured   promissory note for $400,000.00 convertible into Series A Preferred Stock @   $1 per share common or at the issuance price for Senior Stock
  	
  
 
  	
  
Cancelled   and Replaced by 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/10/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Letter   agreement concerning $500,000 loan and 8% secured promissory notes   convertible into Series C Preferred Stock @ .20 per share etc.
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/10/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Certificate No. ST W-___for 1,000,000 warrants  Series C Convertible Preferred Stock $0.00001 par value per   share
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/27/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Certificate No. ST W-___for 500,000 warrants    Series C Convertible Preferred Stock $0.00001 par value per share
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
03/05/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Certificate No. ST W-___for 250,000 warrants    Series C Convertible Preferred Stock $0.00001 par value per share
  	
  
 
  	
  
 
  

	
  
03/05/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
8% secured   promissory note for $50,000.00 convertible into Series C Preferred Stock @   .20 per share
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  03/20/2003
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Warrant   Certificate No. ST W-___for 650,000 warrants    Series C Convertible Preferred Stock $0.00001 par value per share
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
05/31/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC,
  	
  
 
  	
  
Letter   agreement to loan
  	
  
 
  	
  
Cancelled   and Replaced by Notes dated 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Letter   agreement concerning new 8% senior secured convertible promissory note in the   aggregate principal amount of $1,700,000
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
Spencer   Trask Specialty Group LLC
  	
  
 
  	
  
Amendment   No. 1 to Security Agreement
  	
  
 
  	
  
 
  

2

Spencer Trask Specialty Group LLC
 SCHEDULE C

Existing Notes as of November 30, 2004:

	
  Int.
   Rate
  	
   
 	
  
Def.
   Int.
   Rate
  	
   
 	
  
Issue Date
  	
   
 	
  
maturity
   date
  	
   
 	
  
Outstanding
   Principal
  	
   
 	
  
Days
   out -
   standing
  	
   
 	
  
Days in   Default
  	
   
 	
  
Interest
  	
   
 	
  
Default
   Interest
  	
   
 	
  
Total   Accrued Interest
  	
   
 	
  
Total Outstanding
   As of
   11/30/04
  	
   
 
	
  

  	
   
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
 
  	
  
12/31/2002
  	
  
 
  	
  
$
  	
  
1,700,000
  	
  
 
  	
  
 
  	
  
797
  	
  
 
  	
  
 
  	
  
690
  	
  
 
  	
  
$
  	
  
301,089
  	
  
 
  	
  
$
  	
  
195,500
  	
  
 
  	
  
$
  	
  
496,589
  	
  
 
  	
  
$
  	
  
2,196,589
  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
2/10/2003
  	
  
 
  	
  
 
  	
  
8/10/2003
  	
  
 
  	
  
$
  	
  
200,000
  	
  
 
  	
  
 
  	
  
620
  	
  
 
  	
  
 
  	
  
470
  	
  
 
  	
  
$
  	
  
27,556
  	
  
 
  	
  
$
  	
  
15,667
  	
  
 
  	
  
$
  	
  
43,222
  	
  
 
  	
  
$
  	
  
243,222
  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
2/27/2003
  	
  
 
  	
  
 
  	
  
8/27/2003
  	
  
 
  	
  
$
  	
  
100,000
  	
  
 
  	
  
 
  	
  
630
  	
  
 
  	
  
 
  	
  
453
  	
  
 
  	
  
$
  	
  
14,000
  	
  
 
  	
  
$
  	
  
7,550
  	
  
 
  	
  
$
  	
  
21,550
  	
  
 
  	
  
$
  	
  
121,550
  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
3/3/2003
  	
  
 
  	
  
 
  	
  
9/3/2003
  	
  
 
  	
  
$
  	
  
50,000
  	
  
 
  	
  
 
  	
  
627
  	
  
 
  	
  
 
  	
  
447
  	
  
 
  	
  
$
  	
  
6,967
  	
  
 
  	
  
$
  	
  
3,725
  	
  
 
  	
  
$
  	
  
10,692
  	
  
 
  	
  
$
  	
  
60,692
  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
3/18/2003
  	
  
 
  	
  
 
  	
  
9/3/2003
  	
  
 
  	
  
$
  	
  
130,000
  	
  
 
  	
  
 
  	
  
612
  	
  
 
  	
  
 
  	
  
447
  	
  
 
  	
  
$
  	
  
17,680
  	
  
 
  	
  
$
  	
  
9,685
  	
  
 
  	
  
$
  	
  
27,365
  	
  
 
  	
  
$
  	
  
157,365
  	
  
 
  
	
   
 	
   
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
$
  	
  
2,180,000.00
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
$
  	
  
367,292.00
  	
  
 
  	
  
$
  	
  
232,127.00
  	
  
 
  	
  
$
  	
  
599,418.00
  	
  
 
  	
  
$
  	
  
2,779,418.00
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  

Predecessor notes-cancelled & exchanged for above notes on September 13, 2002:

	
  
Issue Date
  	
  
 
  	
  
canceled
   date
  	
  
 
  	
  
Principal-
   Cancelled
   notes
  	
  
 
  
	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  5/31/2002
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
$
  	
  
700,000
  	
  
 
  
	
  
5/31/2002
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
$
  	
  
300,000
  	
  
 
  
	
  
7/5/2002
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
$
  	
  
400,000
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  
$
  	
  
1,400,000.00
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
   
 	
  
 
  	
  

  	
  

  	
  
 
  

[NUVIM LOGO]

Richard P. Kundrat
 12 North State Route 17
 Paramus, NJ 07652
 (201) 556-1010

December 31, 2004 

Kevin Kimberlin Partners L.P.
 535 Madison Avenue
 New York, NY 10022
 Attn: General Partner

Re:     Kevin Kimberlin Partners L.P. Debt Extinguishment Transaction

Dear Sirs,

This letter sets forth the terms of our mutual agreement to enact a restructuring of certain debt and equity interests held by Kevin Kimberlin Partners L.P., Spencer Trask Specialty Group LLC, Spencer Trask Private Equity Fund I LP and Spencer Trask Private Equity Fund II LP and any other related or predecessor entities (all of the foregoing entities are hereafter referred to as “Spencer Trask”), and Stolle Milk Biologics, Inc. (“Debt and Equity Interests”), concurrent with the closing of an initial public offering (“IPO”) of Nuvim Inc.’s (“NuVim”) common stock. Your agreement to the restructuring events described below is an integral part of the proposed stock offering and will be included in the prospectus to investors.

The term Debt and Equity Interests used herein refers to the following: 

               a.  A loan agreement between NuVim and Wachovia Bank, N.A. made in 2001, under which Kevin Kimberlin Partners L.P. is guarantor, for a principal amount of $2,500,000 together with accrued interest thereon through December 31, 2004.

               b. Outstanding Senior Subordinated Convertible Notes payable to Spencer Trask by NuVim aggregating $2,480,000 in principal plus accrued interest and default interest thereon, as of December 31, 2004.

               c.  Warrants held by Spencer Trask to purchase approximately 55,546 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the guarantee of the Wachovia bank indebtedness.

               d.  Warrants held by Spencer Trask to purchase approximately 81,818 shares of NuVim preferred stock, at an exercise price of $11.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the Senior Subordinated Convertible Notes.

               e.  Warrants held by Spencer Trask to purchase approximately 9,017 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the issuance of NuVim’s Series A preferred stock.

               f.  Approximately 18,182 shares of NuVim Series A preferred stock held by Spencer Trask, after NuVim’s proposed 55 to 1 reverse stock split, and

               g.  Transactions particular to Kevin Kimberlin Partners L.P. and NuVim which are detailed in Schedule A and/or Schedule B annexed hereto, and the balance of the Senior Secured Convertible Note(s) due and owing to Kevin Kimberlin Partners L.P., inclusive of principal, interest, penalty interest and other charges which are specified in Schedule C hereto.

NOW, for other good and valuable consideration described below, Kevin Kimberlin Partners L.P. agrees with respect to all Debt and Equity Interests applicable to Kevin Kimberlin Partners L.P., as follows:

	
  
 
  	
  
5.
  	
  
To not   exercise conversion rights in any of the aforementioned  Debt and Equity Interests, and to waive   any anti-dilution or conversion price adjustments contained therein.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
6.
  	
  
To pay the   $2,500,000 principal balance and all accrued interest due thereon to the   Wachovia Bank, N.A., through the IPO closing date (the “Closing Date”), on   behalf of NuVim, simultaneously with    the closing of the IPO.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
7.
  	
  
To cancel   the Senior Subordinated Convertible Notes of $2,480,000 and forgive unpaid   interest thereon and default interest thereon through the Closing Date   simultaneously with the closing of the IPO.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
8.
  	
  
To accept   212,382 shares of NuVim common stock, after NuVim’s proposed 55 to 1 reverse   stock split, in consideration paragraphs 1 through 3 inclusive, and to cancel   all outstanding warrants described in this letter agreement or its   attachments.
  

It is further agreed that no finder’s fees or warrants will be owed by NuVim to any Kevin Kimberlin Partners L.P. or  Spencer Trask entity or to Donald F. Farley as a consequence of the IPO, whether under Placement Agency Agreements dated January 13, 2000 and October 12, 2001, or under any Finders Agreement entered into subsequent thereto, nor will the IPO be considered a “transaction” as described in such agreements.

It is expressly agreed and acknowledged that Kevin Kimberlin Partners L.P.’s agreement to the transactions set forth in this letter agreement, including without limitation, the restructuring and waiver of warrants and finder’s fees, is subject to and conditioned upon the closing of the IPO on or before April 30, 2005 complying with all of the terms and conditions of that certain Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim and Paulson Investment Company, Inc. 

It is expressly agreed and acknowledged that Kevin Kimberlin Partners L.P.’s agreement to the transactions set forth in this letter agreement, including without limitation, the restructuring and waiver of warrants and finder’s fees, is expressly subject to and conditioned upon the closing of the IPO on or before April 30, 2005 complying with all of the terms and conditions of that certain Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim and Paulson Investment Company, Inc.

2

Assuming that what is contained herein is accurate and memorializes our agreement and understanding, please date, sign and return the original to me in triplicate. In addition, I would appreciate if you would also deliver a conformed copy by facsimile transmission to John Murphy, Esq. at (650) 323-1108.

          IN WITNESS WHEREOF, the parties hereto have entered into this agreement as of the date first above-written.

	
  
Very truly   yours,
  	
  
 
  
	
  
 
  	
  
 
  
	
  
NUVIM, INC.
  	
  
 
  
	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD P. KUNDRAT
  	
  
 
  
	
   
  	
  

  	
  
 
  
	
  
 
  	
  
Richard   Kundrat, Chairman & CEO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
AGREED,   VERIFIED, RATIFIED & CONFIRMED:
  
	
  
 
  
	
  
KEVIN KIMBERLIN PARTNERS   L.P.,
  
	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ KEVIN KIMBERLIN
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
   
  	
  
Kevin   Kimberlin
  	
  
 
  
	
  
 
  	
  
General   Partner
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Enclosures
  	
  
 
  
	
  
Cc:
  	
  
Mr. Donald   Farley
  	
  
 
  
	
  
 
  	
  
Mr. William   Dioguardi
  	
  
 
  

3

Kevin Kimberlin Partners L.P.
 SCHEDULE A

	
  Date
  	
   
 	
  
Parties
  	
   
 	
  
Description
  	
   
 	
  
Disposition
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	
  
09/21/1999
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P. from Stolle Milk Biologic, Inc.
  	
  
 
  	
  
Promissory   Demand Note for $500,000.00 with 8% interest, due 09/21/2001
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  11/05/1999
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P. from Stolle Milk Biologic, Inc.
  	
  
 
  	
  
Promissory   Demand Note for $500,000.00 with 8% interest, due 11/05/2001
  	
  
 
  	
  
Rolled into   $1,700,000.00 note
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
11/18/1999
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P. from NuVim, Inc.
  	
  
 
  	
  
Promissory   Demand Note for $300,000.00
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  01/29/2001
  	
  
 
  	
  
Wachovia   Bank, N.A. from NuVim, Inc.
  	
  
 
  	
  
Note--$1,000,000.00   and borrowing authorization
  	
  
 
  	
  
Modified   5/30/01 & 12/14/01; replaced by 9/13/02 “new” notes totaling $2.5mm;   Issued with 5 year warrant with exercise price of $1.00 for one share of   common stock (i.e $2mm shares common & on $500k loan @ $2 warrants per   dollar total $3mm warrants
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
01/31/2001
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P. from NuVim, Inc.
  	
  
 
  	
  
Security   Agreement
  	
  
 
  	
  
Amended/Superseded   and Replaced by Notes dated 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/02/2001
  	
  
 
  	
  
Kevin   Kimberlin Partners L.P. & Spencer Trask & Co. from NuVim, Inc.
  	
  
 
  	
  
Indemnity   Agreement
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Warrant   Agreement for 5 years with exercise price of $1.00 for one share of common   stock (i.e 2,000,000 shares common & on $500,000 loan @ $2 warrants per   dollar for a total of 3,000,000 warrants
  	
  
 
  	
  
 
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
02/10/2003
  	
  
 
  	
  
Kevin   Kimberlin Partners LP (or Spencer Trask Specialty Group LLC)
  	
  
 
  	
  
Warrant   Agreement to purchase 2,500,000 shares Series C Convertible Preferred Stock @   .20 per share.
  	
  
 
  	
  
And all   warrants issued or attendant thereto
  

SCHEDULE C

Predecessor notes-cancelled & exchanged for notes given to Spencer Trask entities on September 13, 2002

	
  Issue Date
  	
   
 	
  
canceled
   
date
  	
   
 	
  
Principal-
   Cancelled
   notes
  	
   
 
	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  
11/18/1999
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
$
  	
  
300,000
  	
  
 
  

2

[NUVIM LOGO]

Richard P. Kundrat
 12 North State Route 17
 Paramus, NJ 07652
 (201) 556-1010

December 31, 2004

Spencer Trask Private Equity Fund I LP
 535 Madison Avenue
 New York, NY 10022

Re:     Spencer Trask Private Equity Fund I LP Debt Extinguishment Transaction

Dear Sirs,

This letter sets forth the terms of our mutual agreement to enact a restructuring of certain debt and equity interests held by Kevin Kimberlin Partners L.P., Spencer Trask Specialty Group LLC, Spencer Trask Private Equity Fund I LP and Spencer Trask Private Equity Fund II LP and any other related or predecessor entities (all of the foregoing entities are hereafter referred to as “Spencer Trask”), and Stolle Milk Biologics, Inc. (“Debt and Equity Interests”), concurrent with the closing of an initial public offering (“IPO”) of Nuvim Inc.’s (“NuVim”) common stock. Your agreement to the restructuring events described below is an integral part of the proposed stock offering and will be included in the prospectus to investors.

The term Debt and Equity Interests used herein refers to the following: 

               a.  A loan agreement between NuVim and Wachovia Bank, N.A. made in 2001, under which Kevin Kimberlin Partners L.P. is guarantor, for a principal amount of $2,500,000 together with accrued interest thereon through December 31, 2004.

               b. Outstanding Senior Subordinated Convertible Notes payable to Spencer Trask by NuVim aggregating $2,480,000 in principal plus accrued interest and default interest thereon, as of December 31, 2004.

               c.  Warrants held by Spencer Trask to purchase approximately 55,546 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the guarantee of the Wachovia bank indebtedness.

               d.  Warrants held by Spencer Trask to purchase approximately 81,818 shares of NuVim preferred stock, at an exercise price of $11.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the Senior Subordinated Convertible Notes.

               e.  Warrants held by Spencer Trask to purchase approximately 9,017 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the issuance of NuVim’s Series A preferred stock.

               f.  Approximately 18,182 shares of NuVim Series A preferred stock held by Spencer Trask, after NuVim’s proposed 55 to 1 reverse stock split, and

               g.  Transactions particular to Spencer Trask Private Equity Fund I LP and NuVim which are detailed in Schedule A and/or Schedule B annexed hereto, and the balance of the Senior Secured Convertible Note(s) due and owing to Spencer Trask Private Equity Fund I LP, inclusive of principal, interest, penalty interest and other charges which are specified in Schedule C hereto.

NOW, for other good and valuable consideration described below, Spencer Trask Private Equity Fund I LP agrees with respect to all Debt and Equity Interests applicable to Spencer Trask Private Equity Fund I LP as follows:

	
  
 
  	
  
9.
  	
  
To not   exercise conversion rights in any of the aforementioned  Debt and Equity Interests, and to waive   any anti-dilution or conversion price adjustments contained therein.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
10.
  	
  
To pay the   $2,500,000 principal balance and all accrued interest due thereon to the   Wachovia Bank, N.A., through the IPO closing date (the “Closing Date”), on   behalf of NuVim, simultaneously with    the closing of the IPO.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
11.
  	
  
To cancel   the Senior Subordinated Convertible Notes of $2,480,000 and forgive unpaid   interest thereon and default interest thereon through the Closing Date   simultaneously with the closing of the IPO.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
12.
  	
  
To accept   21,700 shares of NuVim common stock, after NuVim’s proposed 55 to 1 reverse   stock split, in consideration paragraphs 1 through 3 inclusive, and to cancel   all outstanding warrants described in this letter agreement or its   attachments.
  

It is further agreed that no finder’s fees or warrants will be owed by NuVim to any Spencer Trask entity or to Donald F. Farley as a consequence of the IPO, whether under Placement Agency Agreements dated January 13, 2000 and October 12, 2001, or under any Finders Agreement entered into subsequent thereto, nor will the IPO be considered a “transaction” as described in such agreements.

It is expressly agreed and acknowledged that Spencer Trask Private Equity Fund I L.P.’s agreement to the transactions set forth in this letter agreement, including without limitation, the restructuring and waiver of warrants and finder’s fees, is subject to and conditioned upon the closing of the IPO on or before April 30, 2005 complying with all of the terms and conditions of that certain Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim and Paulson Investment Company, Inc. 

Assuming that what is contained herein is accurate and memorializes our agreement and understanding, please date, sign and return the original to me in triplicate. In addition, I would appreciate if you would also deliver a conformed copy by facsimile transmission to John Murphy, Esq. at 908-782-6699.

2

          IN WITNESS WHEREOF, the parties hereto have entered into this agreement as of the date first above-written.

	
  
Very truly   yours,
  	
  
 
  
	
  
 
  	
  
 
  
	
  
NUVIM, INC.
  	
  
 
  
	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD P. KUNDRAT
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
Richard   Kundrat
  	
  
 
  
	
   
  	
  
Chairman   & CEO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
AGREED,   VERIFIED, RATIFIED & CONFIRMED:
  
	
  
 
  
	
  
SPENCER TRASK PRIVATE   EQUITY FUND   I LP
  
	
  
By:
  	
  
Trask   partners LLC, General Partner
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ WILLIAM P. DIOGUARDI
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
   
  	
  
William P.   Dioguardi
  	
  
 
  
	
  
 
  	
  
Manager
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Enclosures
  	
  
 
  
	
  
Cc:
  	
  
Mr. Donald   Farley
  	
  
 
  
	
  
 
  	
  
Mr. William   Dioguardi
  	
  
 
  

3

Spencer Trask Private Equity Fund I LP
 SCHEDULE A

	
  Date
  	
   
 	
  
Parties   (NuVim with:)
  	
   
 	
  
Description
  	
   
 	
  
Disposition
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	
  
09/13/2002
  	
  
 
  	
  
Spencer Trask   Private Equity Fund I LP
  	
  
 
  	
  
8% senior   secured convertible promissory note for $200,000 (Maturity date 12/31/2002,   def. int 6%)
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  09/13/2002
  	
  
 
  	
  
Spencer   Trask Private Equity Fund I, LP
  	
  
 
  	
  
Warrant   Agreement to purchase 200,000 shares Series C Convertible Preferred Stock
  	
  
 
  	
  
 
  

Spencer Trask Private Equity Fund I LP
 SCHEDULE B

	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  05/31/2002
  	
  
 
  	
  
Spencer   Trask Private Equity Fund I LP
  	
  
 
  	
  
8% secured   promissory note for $200,000.00 convertible into equity securities upon the   sale of the same
  	
  
 
  	
  
Replaced by 9/13/2002   transaction
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
05/31/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Letter   agreement to loan
  	
  
 
  	
  
Cancelled   and Replaced by Notes dated 9/13/02
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  09/13/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Letter   agreement concerning new 8% senior secured convertible promissory note in the   aggregate principal amount of $200,000
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Amendment   No. 1 to Security Agreement
  	
  
 
  	
  
 
  

Spencer Trask Private Equity Fund I LP
 SCHEDULE C

	
  Int.
   Rate
  	
   
 	
  
Def. 
   Int.
   Rate
  	
   
 	
  
Issue Date
  	
   
 	
  
maturity/
   canceled
   date
  	
   
 	
  
Outstanding
 Principal
  	
   
 	
  
Days out -standing
  	
   
 	
  
Days in   Default
  	
   
 	
  
Interest
  	
   
 	
  
Default   Interest
  	
   
 	
  
Total   Accrued Interest
  	
   
 	
  
Total
   Outstanding
   As of 
   11/30/04
  	
   
 
	
  

  	
   
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
 
  	
  
12/31/2002
  	
  
 
  	
  
$
  	
  
200,000
  	
  
 
  	
  
 
  	
  
797
  	
  
 
  	
  
 
  	
  
690
  	
  
 
  	
  
$
  	
  
35,422
  	
  
 
  	
  
$
  	
  
23,000
  	
  
 
  	
  
$
  	
  
58,422
  	
  
 
  	
  
$
  	
  
258,422
  	
  
 
  

[NUVIM LOGO]

Richard P. Kundrat
 12 North State Route 17
 Paramus, NJ 07652
 (201) 556-1010

December 31, 2004 

Spencer Trask Private Equity Fund II LP
 535 Madison Avenue
 New York, NY 10022

Re:     Spencer Trask Private Equity Fund II LP Debt Extinguishment Transaction

Dear Sirs,

This letter sets forth the terms of our mutual agreement to enact a restructuring of certain debt and equity interests held by Kevin Kimberlin Partners L.P., Spencer Trask Specialty Group LLC, Spencer Trask Private Equity Fund I LP and Spencer Trask Private Equity Fund II LP and any other related or predecessor entities (all of the foregoing entities are hereafter referred to as “Spencer Trask”), and Stolle Milk Biologics, Inc. (“Debt and Equity Interests”), concurrent with the closing of an initial public offering (“IPO”) of Nuvim Inc.’s (“NuVim”) common stock. Your agreement to the restructuring events described below is an integral part of the proposed stock offering and will be included in the prospectus to investors.

The term Debt and Equity Interests used herein refers to the following: 

               a.  A loan agreement between NuVim and Wachovia Bank, N.A. made in 2001, under which Kevin Kimberlin Partners L.P. is guarantor, for a principal amount of $2,500,000 together with accrued interest thereon through December 31, 2004.

               b. Outstanding Senior Subordinated Convertible Notes payable to Spencer Trask by NuVim aggregating $2,480,000 in principal plus accrued interest and default interest thereon, as of December 31, 2004.

               c.  Warrants held by Spencer Trask to purchase approximately 55,546 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the guarantee of the Wachovia bank indebtedness.

               d.  Warrants held by Spencer Trask to purchase approximately 81,818 shares of NuVim preferred stock, at an exercise price of $11.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the Senior Subordinated Convertible Notes.

               e.  Warrants held by Spencer Trask to purchase approximately 9,017 shares of NuVim common stock at an exercise price of $55.00 per share, after NuVim’s proposed 55 to 1 reverse stock split, issued in connection with the issuance of NuVim’s Series A preferred stock.

               f.  Approximately 18,182 shares of NuVim Series A preferred stock held by Spencer Trask, after NuVim’s proposed 55 to 1 reverse stock split, and

               g.  Transactions particular to Spencer Trask Private Equity Fund II LP and NuVim which are detailed in Schedule A and/or Schedule B annexed hereto, and the balance of the Senior Secured Convertible Note(s) due and owing to Spencer Trask Private Equity Fund II LP, inclusive of principal, interest, penalty interest and other charges which are specified in Schedule C hereto.

NOW, for other good and valuable consideration described below, Spencer Trask Private Equity Fund II LP agrees with respect to all Debt and Equity Interests applicable to Spencer Trask Private Equity Fund II LP as follows:

	
  
 
  	
  
13.
  	
  
To not   exercise conversion rights in any of the aforementioned  Debt and Equity Interests, and to waive   any anti-dilution or conversion price adjustments contained therein.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
14.
  	
  
To pay the   $2,500,000 principal balance and all accrued interest due thereon to the   Wachovia Bank, N.A., through the IPO closing date (the “Closing Date”), on   behalf of NuVim, simultaneously with    the closing of the IPO.
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
15.
  	
  
To cancel   the Senior Subordinated Convertible Notes of $2,480,000 and forgive unpaid   interest thereon and default interest thereon through the Closing Date   simultaneously with the closing of the IPO.
  
	
   
  	
  
 
  	
  
 
  
	
  
 
  	
  
16.
  	
  
To accept   10,619 shares of NuVim common stock, after NuVim’s proposed 55 to 1 reverse   stock split, in consideration paragraphs 1 through 3 inclusive, and to cancel   all outstanding warrants described in this letter agreement or its   attachments.
  

It is further agreed that no finder’s fees or warrants will be owed by NuVim to any Spencer Trask entity or to Donald F. Farley as a consequence of the IPO, whether under Placement Agency Agreements dated January 13, 2000 and October 12, 2001, or under any Finders Agreement entered into subsequent thereto, nor will the IPO be considered a “transaction” as described in such agreements.

It is expressly agreed and acknowledged that Spencer Trask Private Equity Fund II L.P.’s agreement to the transactions set forth in this letter agreement, including without limitation, the restructuring and waiver of warrants and finder’s fees, is subject to and conditioned upon the closing of the IPO on or before April 30, 2005 complying with all of the terms and conditions of that certain Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim and Paulson Investment Company, Inc. 

Assuming that what is contained herein is accurate and memorializes our agreement and understanding, please date, sign and return the original to me in triplicate. In addition, I would appreciate if you would also deliver a conformed copy by facsimile transmission to John Murphy, Esq. at 908-782-6699.

2

          IN WITNESS WHEREOF, the parties hereto have entered into this agreement as of the date first above-written.

	
  
Very truly   yours,
  	
  
 
  
	
  
 
  	
  
 
  
	
  
NUVIM, INC.
  	
  
 
  
	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ RICHARD P. KUNDRAT
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
  
 
  	
  
Richard   Kundrat
  	
  
 
  
	
   
  	
  
Chairman   & CEO
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
AGREED,   VERIFIED, RATIFIED & CONFIRMED:
  
	
  
 
  
	
  
SPENCER  TRASK PRIVATE EQUITY  FUND II LP
  
	
  
By:
  	
  
Trask   Partners LLC, General Partner
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
By:
  	
  
/s/ WILLIAM P. DIOGUARDI
  	
  
 
  
	
  
 
  	
  

  	
  
 
  
	
   
  	
  
William P.   Dioguardi
  	
  
 
  
	
  
 
  	
  
Manager
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  
	
  
Enclosures
  	
  
 
  
	
  
Cc:
  	
  
Mr. Donald   Farley
  	
  
 
  
	
  
 
  	
  
Mr. William   Dioguardi
  	
  
 
  

3

Spencer Trask Private Equity Fund II LP
 SCHEDULE A

	
  Date
  	
   
 	
  
Parties   (NuVim with:)
  	
   
 	
  
Description
  	
   
 	
  
Disposition
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	
  
09/13/2002
  	
  
 
  	
  
Spencer   Trask Private Equity Fund II LP
  	
  
 
  	
  
8% senior   secured convertible promissory note for $100,000 (Maturity date 12/31/2002,   def. int 6%)
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  09/13/2002
  	
  
 
  	
  
Spencer   Trask Private Equity Fund  II, LP
  	
  
 
  	
  
Warrant   Agreement to purchase 100,000 shares Series C Convertible Preferred Stock
  	
  
 
  	
  
 
  

Spencer Trask Private Equity Fund II LP
 SCHEDULE B

	
  
Date
  	
   
 	
  
Parties   (NuVim with:)
  	
   
 	
  
Description
  	
   
 	
  
Disposition
  
	
  

  	
   
 	
  

  	
   
 	
  

  	
   
 	
  

  
	
  05/31/2002
  	
  
 
  	
  
Spencer   Trask Private Equity Fund II LP
  	
  
 
  	
  
8% secured   promissory note for $100,000.00 convertible into equity securities upon the   sale of the same
  	
  
 
  	
  
Cancelled   and Replaced by Notes dated 9/13/02
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
05/31/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Letter   agreement
  	
  
 
  	
  
Cancelled   and Replaced by Notes dated 9/13/02
  
	
   
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Letter   agreement concerning new 8% senior secured convertible promissory note in the   aggregate principal amount of $100,000
  	
  
 
  	
  
 
  
	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  	
  
 
  
	
  
09/13/2002
  	
  
 
  	
  
 
  	
  
 
  	
  
Amendment   No. 1 to Security Agreement
  	
  
 
  	
  
 
  

Spencer Trask Private Equity Fund II LP
 SCHEDULE C

	
  Int.
   Rate
  	
   
 	
  
Def.
   Int.
   Rate
  	
   
 	
  
Issue Date
  	
   
 	
  
maturity/
   canceled
   date
  	
   
 	
  
Outstanding   Principal
  	
   
 	
  
Days
   out -
   standing
  	
   
 	
  
Days in
   Default
  	
   
 	
  
Interest
  	
   
 	
  
Default
   Interest
  	
   
 	
  
Total   Accrued Interest
  	
   
 	
  
Total
   Outstanding
   As of
   11/30/04
  	
   
 
	
  

  	
   
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  	
  

  	
  

  	
  
 
  
	
  0.08
  	
  
 
  	
  
 
  	
  
0.06
  	
  
 
  	
  
 
  	
  
9/13/2002
  	
  
 
  	
  
 
  	
  
12/31/2002
  	
  
 
  	
  
$
  	
  
100,000
  	
  
 
  	
  
 
  	
  
797
  	
  
 
  	
  
 
  	
  
690
  	
  
 
  	
  
$
  	
  
17,711
  	
  
 
  	
  
$
  	
  
11,500
  	
  
 
  	
  
$
  	
  
29,211
  	
  
 
  	
  
$
  	
  
129,211
  	
  
 
  

FORM OF
 AMENDMENT TO DECEMBER 31, 2004
 LETTER AGREEMENT

          THIS AGREEMENT, dated as of March   , 2005, is intended to amend that certain letter agreement dated December 31, 2004 by and between the undersigned and NuVim, Inc. pertaining to certain agreements regarding debt extinguishment and related matters in exchange for the issuance of shares of NuVim, Inc.’s Common Stock. (the “Letter Agreement”). In connection therewith, the undersigned hereby agrees that:

                    1.          Its obligations set forth in the Letter Agreement shall be conditioned on the closing of NuVim, Inc.’s initial public offering in the amount of $12.0 million in gross proceeds offered at a Unit price of $12 per Unit. The undersigned acknowledges that the Unit shall consist of (i) four shares of Common Stock; (ii) four Class A Redeemable Warrants; and (iii) four Class B Non-Redeemable Warrants. 

                    2.          To the extent Revision 2 to Memo of Understanding dated February 4, 2004 between NuVim, Inc. and Paulson Investment Company, Inc. will not be complied with because of the changes described above to the structure of the initial public offering, the condition is hereby waived.

          In all other respects, the terms and conditions of the Letter Agreement shall remain unchanged and in effect.

	
   
  	
  
*
  
	
  
 
  	
  

  
	
  
 
  	
  
(Entity)
  
	
  
 
  	
  
 
  	
  
 
  
	
  
 
  	
  
By:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Name:
  	
  
 
  
	
  
 
  	
  
 
  	
  

  
	
  
 
  	
  
Title:
  	
  
 
  
	
   
  	
   
  	
  

  

 

	
  

  
	
  *
  	
  Executed by   each of Spencer Trask Specialty Group, LLC, Kevin Kimberlin Partners, LP,   Spencer Trask Private Equity Fund I LP and Spencer Trask Private Equity Fund   II LP.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00082-of-00352.parquet"}]]