Document:

Exhibit 10.1 - Loan Agreement_Dougherty's Pharmacy and Medicine Man

    
      Exhibit
        10.1

      LOAN
        AGREEMENT

       

      THIS
        LOAN AGREEMENT dated as of February 20, 2007 (this "Agreement"), is among
        DOUGHERTY’S PHARMACY, INC., a Texas corporation, ALVIN MEDICINE MAN, LP, a Texas
        limited partnership, ANGLETON MEDICINE MAN, LP, a Texas limited partnership,
        and
        SANTA FE MEDICINE MAN, LP, a Texas limited partnership (each individually,
        a
        "Borrower," and collectively, “Borrowers”), and AMEGY BANK NATIONAL
        ASSOCIATION, a national banking association  ("Lender").

       

      RECITALS

                                                                                                  
        

                 
        The Borrowers desire to borrow from the Lender, and the Lender desires to
        lend
        to the Borrowers, a $2,200,000.00 Term Loan (as this and the other terms,
        words,
        and phrases used in these Recitals are defined in Article I hereof), the
        proceeds of which will be used to refinance existing indebtedness.  The
        Borrowers also desire to have established, and the Lender desires to establish,
        a $2,000,000.00 committed revolving credit facility, the proceeds of which
        will
        be used to refinance existing debt and for general corporate purposes.  The
        Borrowers have offered to collateralize these Loans with all of their accounts
        receivable, inventory, and fixed assets.

       

                 
        In order to induce the Lender to make the Loans and enter into this Agreement,
        the Guarantors have agreed to guaranty the Obligations of the Borrowers pursuant
        to the Guaranties.

       

                 
        Accordingly, the Borrowers and the Lender have entered into this Agreement
        in
        order to provide for (among other things) the making and repayment of the
        Loans,
        the collateralization of the Obligations of Borrowers and the documentation
        of
        the various representations of and agreement with the Borrowers, all upon
        the
        terms and provisions and subject to the conditions hereinafter set forth.

       

      NOW
        THEREFORE, in consideration of the foregoing, the mutual covenants and
        agreements hereinafter set forth, and other good and valuable consideration
        (the
        receipt and sufficiency of which is hereby acknowledged by the Borrowers),
        the
        parties hereto agree as follows:

      ARTICLE
        I

      Definitions

       

      Section
        1.01.  Definitions.  As used in this Agreement, the following
        terms shall have the meanings respectively assigned to them below, which
        meanings shall be applicable equally to the singular and plural forms of
        the
        terms so defined:

       

      “Accounts
        Receivable” means all of the referenced Person’s accounts (as defined in the
        UCC) and other rights to receive payments for any inventory, goods or other
        products, assets or properties sold, leased or otherwise disposed of or for
        services rendered, whether or not earned by performance, recognized by the
        referenced person or recorded on its books and records, and irrespective
        of
        whether any may be characterized as or constitute an account (as defined
        in the
        UCC) or may be characterized as or also constitute chattel paper,
        chose-in-action, contract right, general intangible, instrument, invoice,
        letter
        of credit right, note, payment intangible or other collateral type in any
        document, by any person under any Applicable Law in each case whether now
        or
        hereafter acquired, created, executed, modified or otherwise existing
        (including, without limitation, during the pendency of any Bankruptcy
        Proceeding).

       

      “Adjusted
        EBITDA” of the Borrowers for any computation period means the consolidated
        net income of Borrowers for such computation period plus taxes, interest,
        depreciation and amortization for such computation period, plus nonrecurring
        Medicine Man Entities charges for such computation period limited to
        $275,000.00, and Non-Recurring Management Fees for such computation
        period.

       

      "Advance"
        means an advance of funds by Lender to Borrowers pursuant to Article II or
        Article III.

       

      "Advance
        Request Form" means a certificate, in substantially the form of Exhibit
        A hereto, properly completed and signed by Borrower requesting an
        Advance.

       

      "Affiliate"
        means, as to any Person, any other Person (i) that directly or indirectly,
        through one or more intermediaries, controls or is controlled by, or is under
        common control with, such Person; (ii) that directly or indirectly beneficially
        owns or holds five percent (5%) or more of any class of voting stock of such
        Person; or (iii) five percent (5%) or more of the voting stock of which is
        directly or indirectly beneficially owned or held by the Person in
        question.   The term control means the possession, directly or
        indirectly, of the power to direct or cause direction of the management and
        policies of a Person,  whether through the ownership of voting securities,
        by contract, or otherwise; provided, however, in no event shall Lender be
        deemed
        an Affiliate of Borrowers or any of their respective Subsidiaries.

      
         

        
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      “Applicable
        Law” means any applicable law, including (without limitation) any
        applicable: (a) federal, state, territorial, county, municipal, or other
        governmental or quasi-governmental law, statute, ordinance, rule, regulation,
        requirement, or use or disposal classification or restriction, (b) judicial,
        administrative, or other governmental or quasi-governmental order, injunction,
        writ, judgment, decree, ruling, interpretation, finding, or other directive;
        (c)
        common law or other legal or quasi-legal precedent, or (d) arbitrator’s,
        mediator’s, or referee’s decision, finding, award, or recommendation; in each
        case (i) whether domestic or foreign, (ii) whether at law, in equity, in
        rem or
        otherwise, and (iii) as the same may be adopted, supplemented, modified,
        amended, restated, or replaced from time to time or any corresponding or
        succeeding provisions thereof.

       

      “Approved
        Supplier” means Amerisource Bergen Drug Corporation, a Delaware
        corporation.

       

      “Ascendant”
        means Ascendant Solutions, Inc., a Delaware corporation.

       

      “Bankruptcy
        Law” means the United States Bankruptcy Code, as amended, or any other
        present or future Applicable Law respecting bankruptcy, reorganization,
        insolvency, readjustment of debts, relief of debtors, dissolution or
        liquidation, any corresponding Applicable Law of any State, or any succeeding
        Applicable Law, and the rules and regulations promulgated thereunder; in
        each
        case as the same may have been and hereafter may be adopted, supplemented,
        modified, amended, restated, or replaced from time to time.

       

      “Bankruptcy
        Proceeding” means the filing or submission of any petition, answer,
        pleading, or other document for relief, bankruptcy, insolvency, receivership,
        or
        other remedy, or the existency of any case, action, suit, or proceeding,
        whether
        voluntary or involuntary, under any Bankruptcy Law, including, without
        limitation, any event referenced in Section 11.01(d) and (e) hereof.

       

      "Borrowing
        Base" means, at any particular time, an amount equal to the sum of (x) the
        sum of (a) the lesser of (i) one hundred percent (100%) of Borrowers’ Accounts
        Receivable less the Reserves against Accounts Receivable, or (ii) eighty
        percent
        (80%) of Borrowers’ Eligible Accounts, plus (b) seventy-five percent (75%) the
        value of Borrowers’ Eligible Inventory consisting of pharmaceuticals for which
        Borrowers maintain product return rights, at the lower of cost or market
        value,
        up to a maximum advance equal to the Pharmaceutical Cap, plus (c) without
        duplicate, fifty percent (50%) of all of Borrowers’ other Eligible Inventory, at
        the lower of cost or market value, up to a maximum advance of $500,000.00.
        

       

      "Business
        Day" means any day on which commercial banks are not authorized or required
        to close in Dallas, Texas.

       

      "Collateral"
        has the meaning specified in Section 5.01.

       

      “Commitment
        Fee” has the meaning specified in Section 2.08.

       

      "Debt"
        means for any Person:  (i) all obligations of such Person for borrowed
        money, (ii) all obligations of such Person evidenced by bonds, notes,
        debentures, or other similar instruments, (iii) all obligations of such Person
        to pay the deferred purchase price of property or services, except trade
        accounts payable of such Person arising in the ordinary course of business
        which
        are not past due by more than ninety (90) days unless such trade accounts
        payable are being contested in good faith by appropriate proceedings, (iv)
        all
        obligations of such Person under any lease which, in conformity with GAAP,
        is
        required to be capitalized for balance sheet purposes, (v) all obligations
        of
        such Person under guaranties, endorsements (other than for collection or
        deposit
        in the ordinary course of business), assumptions or other contingent
        obligations, in respect of, or to purchase or otherwise acquire, any obligation
        or indebtedness of any other Person, or any other obligation, contingent
        or
        otherwise, of such Person directly or indirectly protecting the holder of
        any
        obligation or indebtedness of any other Person against  loss (whether by
        partnership arrangements, agreements to keep‐well, to purchase assets, goods,
        securities, or services, to take‐or‐pay or otherwise), (vi) all obligations
        secured by a Lien existing on property owned by such Person, whether or not
        the
        obligations secured thereby have been assumed by such Person or are non‐recourse
        to the credit of such Person, and (vii) all reimbursement obligations of
        such
        Person (whether contingent or otherwise)  in respect of letters of credit,
        bankers'  acceptances, surety or other bonds and similar instruments.

       

      “Default”
        means any event that, with or without the giving or receipt of notice, the
        acquisition of knowledge, or the passage of time (or any combination thereof),
        would constitute an Event of Default.

       

      
        
          
          

        

        
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      "Default
        Rate" means the sum of the Base Rate in effect from day to day plus three
        percent (3%).

       

                 
        "Dollars"  and  "$"  mean  lawful 
money  of  the  United States of America.

       

                 
        “Dougherty’s Holdings” means Dougherty’s Holdings, Inc., a Texas
        corporation.

       

                 
        “Dougherty’s Pharmacy” means Dougherty’s Pharmacy, Inc., a Texas
        corporation.

       

      "Eligible
        Accounts" means the aggregate of all Accounts Receivable of Borrowers that
        are acceptable to Lender in its reasonable discretion and satisfy the following
        conditions:  (a) are due and payable within thirty (30) days; (b) have been
        outstanding less than ninety (90) days past the original date of invoice;
        (c)
        have arisen in the ordinary course of business from services performed by
        Borrowers to or for the account debtor or the sale by Borrowers of goods
        in
        which Borrowers had sole ownership where such goods have been shipped or
        delivered to the account debtor; (d) represent complete bona fide transactions
        which require no further act under any circumstances on the part of Borrowers
        to
        make such accounts receivable payable by the account debtor; (e) the goods
        of
        sale which gave rise to such accounts receivable were shipped or delivered
        to
        the account debtor on an absolute sale basis and not on consignment, a sale
        or
        return basis, a guaranteed sale basis, a bill and hold basis, or on the basis
        of
        any similar understanding; (f) the goods of sale which gave rise to such
        accounts receivable were not, at the time of sale thereof, subject to any
        Lien,
        except the security interest in favor of Lender created by the Loan Documents;
        (g) are not subject to any provision prohibiting assignment or requiring
        notice
        of or consent to such assignment; (h) are subject to a perfected, first priority
        security interest in favor of Lender and are not subject to any other Lien;
        (i)
        are not subject to setoff, counterclaim, defense, allowance, dispute, or
        adjustment other than normal discounts for prompt payment, and the goods of sale
        which gave rise to such accounts receivable have not been returned, rejected,
        repossessed, lost, or damaged; (j) the account debtor is not insolvent or
        the
        subject of any bankruptcy or insolvency proceeding and has not made an
        assignment for the benefit of creditors, suspended normal business operations,
        dissolved, liquidated, terminated its existence, ceased to pay its debts
        as they
        become due, or suffered a receiver or trustee to be appointed for any of
        its
        assets or affairs; (k) are not evidenced by chattel paper or an instrument
        of
        any kind; (l) are owed by a Person or Persons that are citizens of or organized
        under the laws of the United States or any State and are not owed by any
        Person
        located outside of the United States of America; (m) if any accounts receivable
        are owed by the United States of America or any department, agency, or
        instrumentality thereof, the Federal Assignment of Claims Act shall have
        been
        complied with, other than Medicaid and Medicare receivables; and (n) are
        not
        owed by an Affiliate of Borrower.  No Account Receivable owed by an account
        debtor to Borrowers shall be included as an Eligible Account if more than
        twenty
        percent (20%) of the balances then outstanding on accounts receivable owed
        by
        such account debtor and its Affiliates to Borrowers have remained unpaid
        for
        more than eighty-nine (89) days from the dates of their original invoices.

       

      "Eligible
        Inventory" means, at any time, all inventory of raw materials, work in
        process, and finished goods then owned by (and in the possession or under
        the
        control of) Borrowers and held for sale or disposition in the ordinary course
        of
        Borrowers’ business, in which Lender has a perfected, first priority security
        interest, valued at the lower of actual cost or fair market value, less Reserves
        against Inventory.  Eligible Inventory shall not include (i) inventory that
        has been shipped or delivered to a customer on consignment, a sale or return
        basis, or on the basis of any similar understanding, (ii) inventory with
        respect
        to which a claim exists disputing Borrower's title to or right to possession
        of
        such inventory, (iii) inventory that is not in good condition, out of date,
        or
        does not comply with any Applicable Law, or the standards imposed by any
        governmental authority with respect to its manufacture, use, or sale, (iv)
        inventory that has been sold by and subsequently returned to Borrowers and
        is
        not suitable for resale on a retail basis, and (v) inventory that Lender,
        in its
        reasonable discretion, has determined to be unmarketable after due inquiry
        and
        investigation.  The amount of any reserves that Borrowers are required to
        maintain against their Inventory in accordance with GAAP shall be deducted
        from
        the amount of Eligible Inventory.

       

      "Environmental
        Law" means any and all federal, state, and local laws, regulations, and
        requirements pertaining to health, safety, or the environment, including,
        without limitation, the Comprehensive Environmental Response, Compensation
        and
        Liability Act of 1980, 42 U.S.C.  ' 9601 etseq., the Resource
        Conservation and Recovery Act of 1976, 42 U.S.C. ' 9601 etseq., the Occupational
        Safety and Health Act, 29 U.S.C. ' 651
etseq., the Clean Air
        Act, 42 U.S.C. ' 7401 etseq., the Clean Water
        Act, 33 U.S.C. ' 1251
etseq., the Toxic Substances
        Control Act, 15 U.S.C. ' 2601 etseq., and all similar
        laws, regulations, and requirements of any governmental authority or 
agency having jurisdiction over Borrowers or any Subsidiary or any of their
        respective properties or assets, as such laws, regulations, and requirements
        may
        be amended or supplemented from time to time.

       

      
        
          
          

        

        
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        "Event
        of Default" has the meaning
        specified in Section 11.01.

       

                 
        "Facility Fee" has the meaning specified in Section 3.06.

       

                 
        “Fixed Charge Coverage Ratio” means for any computation period
(x) Adjusted EBITDA (y) divided by current
        maturities of long-term funded debt (excluding Advances then outstanding
        under
        the Revolving Credit Commitment) and all interest expense.  

       

                 
        “Funded Debt” means any Debt owed by Borrowers to Lender.  

       

      "GAAP"
        means generally accepted accounting principles, applied on a consistent basis,
        as set forth in Opinions of the Accounting Principles Board of the American
        Institute of Certified Public Accountants  and/or  in Statements
        of  the Financial Accounting Standards Board and/or their respective
        successors and which are applicable in the circumstances as of the date in
        question.  Accounting principles are applied on  a 
"consistent  basis"  when  the  accounting  principles
        observed in a current period are comparable in all material respects to those
        accounting principles applied in a preceding period.

       

      "Guarantor"
        means any one or more:  of (a) Ascendant, (b) Dougherty’s Holdings, (c)
        Medicine Man, (d) Dougherty’s LP Holdings, Inc., a Nevada corporation, (e)
        Medicine Man GP, LLC, a Texas limited liability company, (f) Alvin Medicine
        Man
        GP, LLC, a Texas limited liability company, (g) Angleton Medicine Man GP,
        LLC, a
        Texas limited liability company, and (h) Santa Fe Medicine Man GP, LLC, a
        Texas
        limited liability company.

       

      "Guaranty"
        means the guaranty of each Guarantor in favor of Lender, in form and substance
        acceptable to Lender, as the same may be amended, supplemented, or modified
        from
        time to time.

       

      "Hazardous
        Substance"  means  any substance,  product, waste, pollutant,
        material, chemical, contaminant, constituent,  or other material which is
        or becomes listed,  regulated, or addressed under any Environmental Law,
        including, without limitation, asbestos, petroleum, and polychlorinated
        biphenyls.

       

      “Inventory”
        means any and all inventory and other goods, merchandise and other items
        held by
        the referenced person (or on its behalf) for manufacture, sale, lease, or
        other
        delivery or consumption, wherever located, whether raw materials, supplies,
        parts or other components, work-in-progress, finished goods, returned goods
        or
        otherwise, in each case whether now or hereafter acquired, created, modified,
        finished or otherwise existing (including, without limitation, during the
        pendency of any Bankruptcy Proceeding).

       

      "Lien"
        means any lien, mortgage, security interest, tax lien, financing statement,
        pledge,  charge, hypothecation, assignment, preference,  priority, or
        other encumbrance of any kind or nature whatsoever (including, without
        limitation, any conditional sale or title retention agreement), whether arising
        by contract, operation of law, or otherwise.

       

      "Loan
        Documents" means this Agreement and all promissory notes,  security
        agreements,  deeds of trust, assignments, guaranties, and other
        instruments, documents, and agreements executed and delivered pursuant to
        or in
        connection with this Agreement, as such instruments, documents, and agreements
        may be amended, modified, renewed, extended, or supplemented from time to
        time.

       

      "Loans"
        means, collectively, the Revolving Loan and the Term Loan.

       

      “Material
        Adverse Effect” means any material and adverse effect, whether individually
        or in the aggregate, upon (a) the assets, business, cash flow, expenses,
        income,
        liabilities, operations, properties, reputation or condition, financial or
        otherwise, of any Borrower, (b) the ability of any Borrower to make payment
        as
        and when due of all or any part of the Obligations, or (c) the Collateral
        or its
        value or the validity, enforceability, perfection or priority of any security
        interest of the Lender therein.

       

      "Maximum
        Rate" means the maximum rate of nonusurious interest permitted from
        day  to day by applicable law, including the Texas Finance Code, as
        supplemented by the Texas Credit Title, but otherwise without limitation,
        that
        rate based upon the "Weekly Ceiling" and calculated after taking into account
        any and all relevant fees, payments, and other charges in respect of the
        Loan
        Documents which are deemed to be interest under applicable law.

       

      
        
          
          

        

        
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      “Medicine
        Man” means Medicine Man, LP, a Texas limited partnership.

       

      “Medicine
        Man Entities” means, collectively, Alvin Medicine Man, LP, a
<?xml:namespace prefix = st1 ns =
        "urn:schemas-microsoft-com:office:smarttags" />Texas limited partnership,
        Angleton Medicine Man, LP, a Texas limited partnership, and Santa Fe Medicine
        Man, LP, a Texas limited partnership.

       

      "Non-Recurring
        Management Fees" means, $1,681,569.00 in management fees as shown on the
        interim income statements of Borrowers for the twelve (12) month period ending
        December 31, 2006 less $900,000.00 less any audit adjustment to
        the amount of such management fees.  This amount shall amortize in equal
        monthly amounts during the 2007 fiscal year.

       

      "Notes"
        means, collectively, the Revolving Note and the Term Note.

       

      "Obligated
        Party" means any Guarantor or any other Person who is or becomes party to
        any agreement that guarantees or secures payment and performance of the
        Obligations or any part thereof.

       

      "Obligations"
        means all obligations, indebtedness, and liabilities of Borrowers to Lender,
        now
        existing or hereafter arising, whether direct, indirect, related, unrelated,
        fixed, contingent, liquidated, unliquidated, joint, several, or joint and
        several, including, without limitation,  the obligations, indebtedness, and
        liabilities of Borrowers under this Agreement and the other Loan Documents,
        and
        all interest accruing thereon and all attorneys' fees and other expenses
        incurred in the enforcement or collection thereof.

       

       “Organizational
        Document” means any instrument, certificate of formation, indenture,
        agreement, charter, by-laws, certificate or other document or any statutory
        equivalent respecting a Borrower, as each has been and hereafter may be
        supplemented, renewed, extended, modified, amended, or restated from time
        to
        time.

       

      “Park
        InfusionCare, LP” means Park InfusionCare, LP, a Texas limited
        partnership.

       

      “Park
        InfusionCare Entities” means any and all Subsidiaries of Park InfusionCare,
        LP.

       

      "Person"
        means any individual, corporation, business trust, association, limited
        liability company, partnership, joint venture, governmental authority, or
        other
        entity.

       

      “Pharmaceutical
        Cap” means $1,300,000.00 from the date of this Agreement until July 31,
        2007, and $1,000,000.00 at all times thereafter. 

       

      "Prime
        Rate" means, at any time, the rate of interest per annum then most recently
        established by Lender as its Prime Rate.  The Prime Rate is not necessarily
        the lowest rate charged by Lender on its loans.  

       

      "Reserves"
        means, the amount of any reserves maintained by Borrowers, against their
        Accounts Receivable and Inventory, whether required in accordance with GAAP
        or
        otherwise.  

       

      "Revolving
        Credit Commitment" means the obligation of Lender to make Advances hereunder
        in an aggregate principal amount at any one time outstanding up to but not
        exceeding Two Million and No/100 Dollars ($2,000,000.00), as such amount
        may be
        reduced pursuant to Section 2.09 or otherwise.

       

      “Revolving
        Credit Period” means that period commencing on the date hereof and
        terminating on the earlier of (a) the Revolving Credit Termination Date,
        (b) the date on which the Revolving Credit Commitment shall have been reduced
        permanently to zero, or (c) the date on which maturity of the Obligations
        shall
        have been accelerated pursuant to Section 11.02 hereof.

       

      "Revolving
        Credit Termination Date" means 11:00 A.M. Dallas, Texas time on February 20,
        2009, or such earlier date on which the Revolving Credit Commitment terminates
        as provided in this Agreement.

       

      "Revolving
        Loan" means the loan to be made by Lender pursuant to Section 2.01.

       

      
        
          
          

        

        
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      "Revolving
        Note" means the promissory note of Borrowers payable to the order of Lender,
        in form and substance acceptable to Lender, and all extensions, renewals,
        and
        modifications thereof.

       

      "Security
        Agreements" means the Security Agreements of Borrowers in favor of Lender in
        form and substance acceptable to Lender, as the same may be amended,
        supplemented, or modified.

       

      "Subsidiary"
        means any entity of which more than fifty percent (50%) of the issued and
        outstanding ownership interests is owned or controlled, directly or indirectly,
        by Borrowers, by Borrowers and one or more other Subsidiaries, or by one
        or more
        other Subsidiaries.

       

      "Term
        Loan" means the loan in the original principal amount equal to Two Million
        Two Hundred Thousand and No/100 Dollars ($2,200,000.00) made or to be made
        by
        Lender pursuant to Section 3.01.

       

      "Term
        Note" means the promissory note of Borrower payable to the order of Lender,
        in form and substance acceptable to Lender, and all extensions, renewals,
        and
        modifications thereof.

       

      “UCC”
        means the Uniform Commercial Code of the State of Texas or any corresponding
        or
        succeeding provisions of Applicable Law of the State of Texas, or any
        corresponding or succeeding provisions of Applicable Law, in each case as
        the
        same may have been and hereafter may be adopted, supplemented, modified,
        amended, restated or replaced from time to time.

       

      Section
        1.02.  Other Definitional Provisions.  The words "hereof",
        "herein", and "hereunder" and words of similar import referring to this
        Agreement refer to this Agreement as a whole and not to any particular provision
        of this Agreement.  Unless otherwise specified, all Article and Section
        references pertain to this Agreement.  All accounting terms not
        specifically defined herein shall be construed in accordance with GAAP. 
Terms used herein that are defined in the UCC, unless otherwise defined herein,
        shall have the meanings specified in the UCC.

       

      Section
        1.03.  Section and Other Headings.  The table of contents and
        section and other headings contained in this Agreement are for reference
        purposes only and shall not affect the meaning or interpretation of this
        Agreement.

       

      ARTICLE
        II

      Revolving
        Loan

       

      Section
        2.01.    Advances.  Subject to the terms and
        conditions of this Agreement, Lender agrees to make one or more Advances
        from
        time to time during the Revolving Credit Period to the Borrowers at their
        request (as provided in Section 2.05, below) up to an aggregate maximum
        principal amount outstanding at any one time not to exceed (a) the lesser
        of (i) the Revolving Credit Commitment or  (ii) the Borrowing Base
minus (b) $1,000,000.00.  Subject to the terms and provisions
        of this Agreement, during the Revolving Credit Period, the Borrowers may
        reborrow Advances previously repaid by them.

       

      Section
        2.02.    The Revolving Note.  The obligation of
        Borrowers to repay the Advances under the Revolving Loan shall be evidenced
        by
        the Revolving Note executed by Borrowers, payable to the order of Lender,
        in the
        principal amount of the Revolving Credit Commitment as originally in effect
        and
        dated the date hereof.

       

      Section
        2.03.    Repayment of Advances.  Borrower shall repay
        the unpaid principal amount of all Advancesunder the Revolving Loan on the
        Revolving Credit Termination Date.

       

      Section
        2.04.    Interest.  The unpaid principal amount of
        the Advances under the Revolving Loan shall bear interest prior to maturity
        at
        the rate or rates set forth in the Revolving Note.  Accrued and unpaid
        interest on the Advances under the Revolving Loan shall be payable in accordance
        with the terms and provisions of the Revolving Note.  During the
        continuance of an Event of Default, all principal and interest under the
        Revolving Loan shall bear interest at the Default Rate.

       

      Section
        2.05.    Requests for Advances.  Each Advance under
        the Revolving Loan shall be made on at least one (1) Business Day prior notice
        from Borrowers to Lender by means of an Advance Request Form containing the
        information required therein.  Lender at its option may accept telephonic
        requests for Advances under the Revolving Loan, provided that such acceptance
        shall not constitute a waiver of Lender's right to require delivery of an
        Advance Request Form in connection with subsequent Advances.

       

      
        
          
          

        

        
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      Section
        2.06.    Use of Proceeds.  The proceeds of Advances
        under the Revolving Loan shall be used for refinancing existing Debt and
        for
        general corporate purposes.

       

      Section
        2.07.    Mandatory Prepayments.  If at any time the
        outstanding principal amount of the Advances under the Revolving Loan exceeds
        the Borrowing Base minus $1,000,000.00, Borrowers shall promptly prepay
        the amount of the excess plus accrued and unpaid interest on the amount so
        prepaid.

       

      Section
        2.08.    Commitment Fee.  Borrowers agree to pay to
        Lender a commitment fee (the “Commitment Fee”) on the average daily
        unused portion of the Revolving Credit Commitment, from and including the
        date
        hereof, to and including the Revolving Credit Termination Date, at the rate
        of
        one-half  percent (0.5%) per annum based on a 360 day year and the actual
        number of days elapsed, payable on the first (1st ) day of each
        month, commencing April 1, 2007, and on the Revolving Credit Termination
        Date.

       

      Section
        2.09.  Reduction or Termination of Revolving Credit
        Commitment.  Borrowers shall have the right at any time to terminate in
        whole or from time to time to irrevocably reduce in part the Revolving Credit
        Commitment upon at least three (3) Business Days prior notice to Lender
        specifying the effective date thereof, whether a termination or reduction
        is
        being made, and the amount of any partial reduction, provided that each partial
        reduction shall be in the amount of $100,000.00 or an integral multiple thereof
        and Borrowers shall simultaneously prepay the amount by which the unpaid
        principal amount of the Advances under the Revolving Loan exceeds the Revolving
        Credit Commitment (after giving effect to such notice) plus accrued and unpaid
        interest on the principal amount so prepaid.  The Revolving Credit
        Commitment may not be reinstated after it has been terminated or reduced.

       

      ARTICLE
        III

      Term
        Loan

       

      Section
        3.01.  Term Loan.   Subject to the terms and conditions of
        this Agreement, Lender agrees to make the Term Loan to Borrowers in a single
        advance on the date hereof.  

       

      Section
        3.02.    The Term Note.   The obligation of
        Borrowers to repay the Term Loan shall be evidenced by the Term Note executed
        by
        Borrowers, payable to the order of Lender, in the principal amount of the
        Term
        Loan and dated the date hereof.

       

      Section
        3.03.    Repayment of Term Loan.  Borrowers shall
        repay the unpaid principal amount of the Term Loan in accordance with the
        terms
        and provisions of the Term Note.  Any amounts received under the Term Note
        may not be reborrowed.

       

      Section
        3.04.    Interest.  The unpaid principal amount of
        the Term Loan shall bear interest prior to maturity at the rate or rates
        set
        forth in the Term Note.  Accrued and unpaid interest on the Term Loan shall
        be payable in accordance with the terms and provisions of the Term 
Note.  During the continuance of an Event of Default, all principal and
        interest under the Term Loan shall bear interest at the Default Rate.

      
      

      Section
        3.05.    Use of Proceeds.  The proceeds of the Term
        Loan shall be used for refinancing existing Debt.

       

      Section
        3.06.    Facility Fee.  Borrowers shall pay to Lender
        a non-refundable facility fee (the “Facility Fee”) of $10,000
        (representing one-half of one percent (.5%) of the principal amount of the
        Term
        Loan) on the date hereof.  The Facility Fee shall be deemed fully earned on
        the date hereof and is non-refundable.  

       

      ARTICLE
        IV

      Payments

       

      Section
        4.01.    Method of Payment.  All payments of
        principal, interest, and other amounts to be made by Borrowers under this
        Agreement, the Notes, and the other Loan Documents shall be made to Lender
        at
        its office at 1807 Ross Avenue, Suite 400, Dallas, Texas  75201,
        without setoff, deduction, or counterclaim, in Dollars and in immediately
        available  funds.  Borrowers shall, at the time of making each such
        payment, specify to Lender the sums payable by Borrowers under this Agreement,
        the Notes, or other Loan Document to which such payment is to be applied
        (and in
        the event Borrowers fail to so specify, or if an Event of Default has occurred
        and is continuing, Lender may apply such payment to the Obligations in such
        order and manner as it may elect in its sole discretion).  Whenever any
        payment under this Agreement,  the Notes, or any other Loan Document shall
        be stated to be due on a day that is not a Business Day, such payment may
        be
        made on the next succeeding Business Day, and such extension  of  time
        shall in such case be included in the computation of the payment of interest
        and
        Commitment Fee, as the case may be.

       

      
        
          
          

        

        
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      Section
        4.02.    Prepayment.  Borrowers may prepay the Notes
        in whole at any time or from time to time in part without premium or penalty
        but
        with accrued and unpaid interest to the date of prepayment on the amount
        so
        prepaid.

       

      Section
        4.03.    Computation of Interest.   
Interest on the indebtedness evidenced by the Notes shall be computed on the
        basis of a year of 360 days and the actual number of days elapsed (including
        the
        first day but excluding the last day) unless such calculation would result
        in a
        usurious rate, in which case interest shall be calculated on the basis of
        a year
        of 365 or 366 days, as the case may be.

       

      Section
        4.04.    Bankruptcy; Reinstatement.  In the event any
        payment of or any application of any amount, asset or property to any of
        the
        Obligations, or any part thereof, at any time is rescinded or must otherwise
        be
        restored or returned by the Lender upon the insolvency, bankruptcy or
        reorganization of any Borrower or Guarantor, whether by order of any court,
        by
        any settlement approved by any court, or otherwise, then the terms and
        provisions of this Agreement and the other Loan Documents shall continue
        to
        apply, or shall be reinstated if not then in effect, as the case may be,
        with
        respect to the Obligations so rescinded, restored or returned, all as though
        such payment or application had never been made.

       

      Section
        4.05.    Sums Accruing During Bankruptcy. 
Notwithstanding anything to the contrary herein, the Borrowers shall
        be liable
        for all Obligations, as well as additional interest fees, and other amounts
        due
        under this Agreement and any other Loan Document which accrue or are otherwise
        applicable during the pendency of any Bankruptcy Proceeding (irrespective
        of
        whether such sums are allowed or allowable as claims in any such
        proceeding).

      ARTICLE
        V

      Security

       

      Section
        5.01.    Collateral.  The Borrowers hereby pledge,
        assign, convey, mortgage, transfer, and deliver to the Lender (or shall cause
        same to be accomplished) and grant to the Lender a continuing security interest
        in and to, each of the following, in each case whether now or hereafter
        acquired, created or otherwise existing (including, without limitation, during
        the pendency of any Bankruptcy Proceeding) and wherever located:

       

      (a)       
        any and all Accounts Receivable of the Borrowers;

       

      (b)       
        any and all Inventory, equipment, and other goods of the Borrowers, wherever
        located, including (without limitation) any and all (i) raw materials,
        work-in-progress, and finished goods, (ii) documents, warehouse receipts,
        bills
        of lading and other documents of title now or hereafter covering any such
        goods,
        and (iii) accessions, accessories, additions, attachments, equipment, fixtures,
        furnishing, goods, machinery, materials, parts, replacements, supplies, tools
        and vehicles, whether or not located upon or affixed to any of the foregoing;
        and

       

      (c)               
        one hundred percent (100%) of the stock of Dougherty’s Pharmacy owned by
        Doughtery Holdings.

       

                 
        Lender shall have no security interest or lien in any assets of ParkInfusion
        Care, LP or in any of the ParkInfusion Care Entities.

       

                 
        Section 5.02.    Collateral Documentation.  Borrowers
        shall execute and cause to be executed such further documents and instruments,
        including without limitation, UCC financing statements, as Lender, in its
        sole
        discretion, deems necessary or desirable to evidence and perfect its liens
        and
        security interests in the Collateral.

       

      Section
        5.03.    Setoff.  During the continuance of an Event
        of Default, Lender shall have the right to setoff and apply against the
        Obligations in such manner as Lender may determine, at any time and without
        notice to Borrowers, any and all deposits (other than special deposits such
        as
        payroll and tax deposits) or other sums at any time credited by or owing
        from
        Lender to Borrowers whether or not the Obligations are then due.  As
        further security for the Obligations, Borrowers hereby grant to Lender a
        security interest in all money, instruments, and other property of Borrowers
        now
        or hereafter  held by Lender, including, without limitation, property held
        in safekeeping.  In addition to Lender's right of setoff and as further
        security for the Obligations, Borrowers hereby grant to Lender a security
        interest in all deposits (other than special deposits such as payroll and
        tax
        deposits) and other accounts of Borrowers now or hereafter on deposit with
        or
        held by Lender and all other sums at any time credited by or owing from Lender
        to Borrowers.   The rights and remedies of Lender hereunder are in
        addition to other rights and remedies (including, without limitation, other
        rights of set‐off) which Lender may have.

       

      
        
          
          

        

        
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      Section
        5.04.    Guaranty.  Each Guarantor shall
        unconditionally and irrevocably guarantee payment and performance of the
        Obligations by execution and delivery of the Guaranty.

       

      ARTICLE
        VI

      Conditions
        Precedent

       

      Section
        6.01.    Initial Advances.  The obligation of Lender
        to make the Term Loan and the initial Advance under the Revolving Loan is
        subject to the condition precedent that Lender shall have received on or
        before
        the day of the making of the Term Loan or such Advance under the Revolving
        Loan
        (whichever occurs first) all of the following, each dated (unless otherwise
        indicated) the date hereof, in form and substance satisfactory to Lender:

       

      (a)       
        Resolutions.  Resolutions by the management of each Borrower and
        Guarantor certified by its authorized representative which authorize the
        execution, delivery, and performance by such Person of this Agreement and
        the
        other Loan Documents to which such Person is or is to be a party;

       

      (b)       
        Incumbency Certificate.  A certificate of incumbency certified by
        the authorized representative of each Borrower and Guarantor certifying the
        names of the officers or managers of such Person authorized to sign this
        Agreement and each of the other Loan Documents to which such Person is or
        is to
        be a party (including the certificates contemplated herein) together with
        specimen signatures of such officers or managers;

       

      (c)       
        Organizational Documents.  The Organizational Documents of each
        Borrower and Guarantor certified by the Secretary of State of the state of
        organization of such Person and dated within ten (10) days prior to the date
        of
        this Agreement;

       

      (d)       
        Governmental Certificates.  Certificates of the appropriate
        government officials of the state of organization of each Borrower and Guarantor
        appropriate, as to the existence and good standing of such Person, each dated
        within ten (10) days prior to the date of this Agreement;

       

      (e)       
        Notes.  The Notes executed by each Borrower;

       

      (f)        
        Security Agreements.  The Security Agreements executed by
        Borrowers;

       

      (g)       
        Financing Statements.  UCC financing statements naming each
        Borrower, as Debtor, and covering such Collateral as Lender may request;

       

      (h)       
        Guaranties.  The Guaranties executed by Guarantors;

       

      (i)        
        Landlord Waivers.  Landlord waivers executed by the landlord of any
        location at which the Borrowers maintain any Inventory as shown on Schedule
        1;

       

      (j)        
        Insurance Policies.  Copies of all insurance policies required by
        Section 8.07, together with loss payable endorsements in favor of Lender
        with respect to all insurance policies covering Collateral;

       

      (k)       
        UCC Search.  The results of a UCC search showing all financing
        statements and other documents or instruments on file against Borrowers in
        the
        office of the Secretary of State of Texas, such search to be as of a date
        no
        more than ten (10) days prior to the date of this Agreement;

       

      (l)        
        Facility Fee.  Borrowers shall have paid the Facility Fee.

       

      (m)      
        Attorneys' Fees and Expenses.  Evidence that the costs and
        expenses  (including reasonable attorneys' fees) referred to in Section
        12.01, to the extent incurred, shall have been paid in full by Borrowers;
        and

       

      (n)       
        Loan Closing Checklist.  All other items shown on the Loan Closing
        Checklist forwarded by Lender to Borrowers.

       

      
        
          
          

        

        
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      Section
        6.02     All Advances.  The obligation of Lender
        to make any Advance (including the Term Loan and the initial Advance under
        the
        Revolving Loan) is subject to the following additional conditions
        precedent:

       

      (a)       
        Advance Request Form.  Lender shall have received, at least one (1)
        Business Day prior to the date of such Advance, an Advance Request Form,
        dated
        the date of such Advance, executed by an authorized officer of Borrowers,
        all of
        the statements in which shall be true and correct on and as of such date;

       

      (b)       
        Default.  No Default currently exists; and

       

      (c)       
        Additional Information.  Lender shall have received such additional
        documents, instruments, and information as Lender or its legal counsel, McGuire,
        Craddock & Strother, P.C., may request.

       

      ARTICLE
        VII

      Representations
        and Warranties

       

                 
        To induce Lender to enter into this Agreement, Borrowers represent and warrant
        to Lender that:

       

      Section
        7.01.    Corporate Existence and Authority.  Each
        Borrower (a) is duly formed, validly existing, and in good standing (if
        applicable) under the laws of the jurisdiction of its organization; (b) has
        all
        requisite power to own assets and carry on its business as now being or as
        proposed to be conducted; and (c) is qualified to do business  in all
        jurisdictions in which the nature of its business makes such qualification
        necessary and where failure to so qualify would have a Material Adverse Effect
        on its business, financial condition, or operations.  Each Borrower has the
        power and authority to execute, deliver, and perform its obligations under
        this
        Agreement and the other Loan Documents to which it is or may become a
        party.

       

      Section
        7.02.    Financial Statements.  All financial
        statements previously furnished by Borrowers and Guarantors to Lender are
        true
        and correct in all material respects, have been prepared in accordance with
        GAAP, and fairly and accurately present, on a consolidated basis, the financial
        condition of such Persons as of the respective dates indicated therein and
        the
        results of operations for the respective periods indicated therein. 
Borrowers and Guarantors have no material contingent liabilities, liabilities
        for taxes, material forward or long‐term commitments, or unrealized or
        anticipated losses from any unfavorable commitments not reflected in such
        financial statements.  There has been no material adverse change in the
        condition, financial or otherwise, or operations of any Borrower or Guarantor,
        since the effective date of the most recent financial statements referred
        to in
        this Section.

       

      Section
        7.03.    Default.  No Borrower is in default in any
        material respect under any loan agreement, indenture, mortgage, security
        agreement, or other material agreement or obligation to which it is a party
        or
        by which any of its properties may be bound.

       

      Section
        7.04.    Authorization; Compliance with Laws and
        Agreements.  The execution, delivery, and performance by Borrowers of
        this Agreement and the other Loan Documents to which Borrowers are or may
        become
        parties have been duly authorized by all requisite action on the part of
        Borrowers and do not and will not violate the Organizational Documents of
        Borrowers or any law, rule, or regulation or any order of any court,
        governmental authority, or arbitrator, which violation would have a Material
        Adverse Effect, and do not and will not conflict with, result in a breach
        of, or
        constitute a default under, or result in the imposition of any Lien (except
        as
        provided in Article V) upon any assets of Borrowers pursuant to the provisions
        of any indenture, mortgage, deed of trust, security agreement, franchise,
        permit, license, or other instrument or agreement by which Borrowers or their
        respective properties are bound which would have a Material Adverse
        Effect.

       

      Section
        7.05.    Litigation and Judgments.  Except as
        disclosed on Schedule 2 hereto, there is no action, suit, investigation,
        or proceeding before or by any court, governmental authority,  or
        arbitrator pending, or to the knowledge of any Borrower, threatened against
        or
        affecting any Borrower, that would, if adversely determined, have a Material
        Adverse Effect.  There are no outstanding judgments against any
        Borrower.

       

      Section
        7.06.    Rights in Properties; Liens.  Borrowers have
        good and indefeasible title to or valid leasehold interests in their respective
        properties and assets, real and personal reflected in the financial statements
        described in Section 7.02, and none of the properties, assets, or leasehold
        interests of Borrowers is subject to any Lien, except as permitted by Section
        9.02.

       

      
        
          
          

        

        
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      Section
        7.07.    Enforceability.  This Agreement constitutes,
        and the other Loan Documents to which Borrowers are party, when delivered,
        shall
        constitute the legal, valid, and binding obligations of Borrowers, enforceable
        against Borrowers in accordance with their respective terms,  except as
        limited by bankruptcy, insolvency, or other laws of general application relating
        to the enforcement of creditor's rights.

       

      Section
        7.08.    Approvals.  No authorization, approval, or
        consent of, and no filing or registration with, any court, governmental
        authority, or third party is or will be necessary for the execution, delivery,
        or performance by Borrowers of this Agreement and the other Loan Documents
        to
        which Borrowers are or may become a party or the validity or enforceability
        thereof.

       

      Section
        7.09.    Debt.  Borrowers have no Debt in excess of
        $50,000.00, except as disclosed on Schedule 3 hereto.

       

      Section
        7.10.    Taxes.  Borrowers have filed all tax returns
        (federal, state, and local) required to be filed, including all income,
        franchise, employment, property, and sales taxes, and have paid all of their
        respective tax liabilities that are due and payable, and no Borrower knows
        of
        any pending investigation of any Borrower by any taxing authority or of any
        pending but unassessed tax liability of any Borrower.

       

      Section
        7.11.    Use of Proceeds: Margin Securities. 
Borrowers are not engaged principally, or as one of its important
        activities, in
        the business of extending credit for the purpose of purchasing or carrying
        margin stock (within the meaning of Regulations G, T, U, or X of the Board
        of
        Governors of the Federal Reserve System), and no part of the proceeds of
        any
        extension of credit under this Agreement will be used to purchase or carry
        any
        such margin stock or to extend credit to others for the purpose of purchasing
        or
        carrying margin stock.  Neither Borrowers nor any Person acting on their
        behalf has taken any action that might cause the transactions contemplated
        by
        this Agreement or the Notes to violate Regulations G, T, U  or X or to
        violate the Securities Exchange Act of 1934, as amended.

       

      Section
        7.12.    ERISA.  Borrowers have complied with all
        applicable minimum funding requirements and all other  applicable 
and  material  requirements  of  the  Employee
        Retirement Income Security Act of 1974, as amended ("ERISA"), and there are
        no
        existing conditions that would give rise to liability thereunder.  No
        Reportable Event (as defined in Section 4043 of ERISA) has occurred in
        connection with any employee benefit plan that might constitute grounds for
        the
        termination thereof by the Pension Benefit Guaranty Corporation or for the
        appointment by the appropriate United States District Court of a trustee
        to
        administer such plan.

       

      Section
        7.13.    Disclosure.  No representation or warranty
        made by Borrowers in this Agreement or in any other Loan Document contains
        any
        untrue statement of a material  fact or omits to state any material fact
        necessary to make the statements herein or therein not misleading.  
There is no fact known to any Borrower which has a Material Adverse Effect
        that
        has not been disclosed in writing to Lender.

       

      Section
        7.14.    Subsidiaries.  Borrowers have no
        Subsidiaries other than those listed on Schedule 4 hereto, and
Schedule 4 sets forth the jurisdiction of organization of each Subsidiary
        and the percentage of Borrowers’ ownership of the outstanding voting stock of
        each Subsidiary.

       

      Section
        7.15.    Principal Place of Business.  The principal
        place of business and chief executive office of each Borrower and the place
        where each Borrower keeps its books and records is located at the address
        set
        forth on the signature pages hereof.

       

      Section
        7.16.    Investment Company Act.  Borrowers nor any
        Subsidiary are an "investment company" within the meaning of the investment
        Company Act of 1940, as amended.

       

      Section
        7.17.    Contracts.  Neither Borrowers nor any
        Subsidiary are a party to, or bound by any agreement, condition, contract,
        or
        arrangement under which there is a current default which will have a Material
        Adverse Effect and which has not been disclosed to Lender in writing. 

       

      Section
        7.18.    Compliance with Law.   Borrowers and
        each Subsidiary are in compliance with all laws, rules, regulations, orders,
        and
        decrees which are applicable to Borrowers or any Subsidiary, or any of their
        respective properties, the failure to comply with which would have a Material
        Adverse Effect.

       

      
        
          
          

        

        
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      Section
        7.19.    Inventory.  All  Inventory of 
Borrowers has been and will hereafter be produced in compliance with
        all
        applicable material laws, rules, regulations, and governmental  standards,
        including, without limitation, the minimum wage and overtime provisions of
        the
        Fair Labor Standards Act, as amended (29 U.S.C. '' 201‐219), and the regulations promulgated
        thereunder.

       

      Section
        7.20.    Environmental Matters.

       

      (a)       
        Borrowers and all of their respective properties, assets, and operations
        are in
        material compliance with all Environmental Laws.  Borrowers are not aware
        of, nor has any Borrower received notice of, any past, present, or future
        conditions, events, activities, practices or incident which may interfere
        with
        or prevent the compliance or continued compliance of Borrowers with all
        Environmental Laws.

       

      (b)       
        Borrowers have obtained all permits, licenses, and authorizations which 
are required under Environmental Laws and would if not obtained have a Material
        Adverse Effect.

       

      (c)       
        No Hazardous Substances exist on, about, or within or have been used, generated,
        stored, transported, disposed of on, or released from any of the properties
        or
        assets of Borrowers.  The use which Borrowers make and intend to make
        of  their respective properties and assets will not result in the use,
        generation, storage, transportation, accumulation, disposal, or release of
        any
        Hazardous Substance on, in, or from any such properties or assets.

       

      (d)       
        There is no action, suit, proceeding,  investigation, or inquiry before any
        court, administrative agency, or other governmental authority pending or,
        to the
        knowledge of any Borrower, threatened against any Borrower relating in any
        way
        to any Environmental Law.  Borrrowers do not have (i) any liability for
        remedial action under any Environmental Law, (ii) receipt of any request
        for
        information by any governmental authority with respect to the condition,
        use, or
        operation of any of its properties or assets, or (iii) receipt of any notice
        from any governmental authority or other Person with respect to any violation
        of
        or liability under any Environmental Law.

       

      ARTICLE
        VIII

      Positive
        Covenants

       

      Borrowers
        covenant and agree that they will comply in all respects on a timely basis
        (except as otherwise expressly provided) and at its own expense with each,
        and
        will not cause, suffer, or permit any violation of any, of the terms and
        provisions of each Section of this Article, from the date hereof and until
        the
        Obligations have been fully paid and satisfied, unless the Lender (in its
        sole
        and absolute discretion) shall consent otherwise in writing:

       

      Section
        8.01.    Financial Statements.   Borrowers shall
        maintain a standard system of accounting in accordance with GAAP consistently
        applied, and the Borrowers shall provide to the Lender the following:

       

      (a)       
        As soon as available, and in any event within thirty (30) days after the
        end of
        each fiscal year of Borrowers, beginning with the fiscal year ending December
        31, 2006, (i) copies of the internally prepared financial statements of
        Borrowers for such fiscal year containing, on a consolidated  and
        consolidating basis,  balance  sheets,  statements of income,
        statements of retained earnings and statements of cash flow as at the end
        of
        such fiscal year and for the 12‐month period then ended, in each case setting
        forth in comparative form the figures for the preceding fiscal year, all
        in
        reasonable detail and prepared in accordance with GAAP, and (ii) a certificate
        to Lender (A) stating that to their knowledge no Event of Default and no
        event
        which with notice or lapse of time or both would be an Event of Default has
        occurred and is continuing, or if an Event of Default or such event has occurred
        and is continuing, a statement as to the nature thereof, and (B) confirming
        the
        calculations set forth in the certificate delivered simultaneously
        therewith.

      (b)       
        As soon as available, and in any event within one hundred twenty (120) days
        after the end of each fiscal year of Ascendant, beginning with the fiscal
        year
        ending December 31, 2006, (i) a copy of the annual audit report of Ascendant
        for
        such fiscal year containing, on a consolidated basis,  balance 
sheets,  statements of income, statements of retained earnings and
        statements of cash flow as at the end of such fiscal year and for the 12-month
        period then ended, in each case setting forth in comparative form the figures
        for the preceding fiscal year, all in reasonable detail and audited and
        certified by independent certified public accountants of recognized standing
        acceptable to Lender, to the  effect that such report has been prepared in
        accordance with GAAP.

       

      
        
          
          

        

        
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      (c)       
        As
        soon as available, and in any event
        within forty‐five (45) days after the end of each of the quarters of each fiscal
        year of Ascendant, a copy of  an unaudited financial report of Ascendant as
        of the end of such fiscal quarter and for the portion of the fiscal year
        then
        ended, containing, on a consolidated basis, balance sheets, statements of
        income, statements of retained earnings and statements of cash flow, in each
        case setting forth in comparative form the figures for the corresponding
        period
        of the preceding fiscal year, all in reasonable detail certified by the chief
        financial officer of Ascendant to have been prepared in accordance with GAAP
        and
        to fairly and accurately present (subject to year‐end audit adjustments) the
        financial condition and results of operations of Ascendant, each Borrower,
        and
        the Subsidiaries, on a consolidated basis,  at the date and for the periods
        indicated therein.

       

                             
        (d)        As soon as available, and in any
        event within thirty (30) days after the end of each calendar month, a copy
        of an
        unaudited financial report of each Borrower and Dougherty Holdings as of
        the end
        of such month and for the portion of the fiscal year then ended, containing,
        on
        a consolidated and consolidating basis, balance sheets, statements of income,
        statements of retained earnings and a consolidated statement of cash flow,
        in
        each case setting forth in comparative form the figures for the corresponding
        period of the preceding fiscal year, all in reasonable detail certified by
        the
        chief financial officer of such Person to have been prepared in accordance
        with
        GAAP and to fairly and accurately present (subject to year‐end audit
        adjustments) the financial condition and results of operations of such Person
        at
        the date and for the periods indicated therein.

       

      Section
        8.02.    Certificates; Other Information.  Borrowers
        will furnish to Lender all of the following:

       

      (a)       
        As soon as available, and in any event within thirty (30) days after the
        end of
        each calendar month, a Borrowing Base Report, in substantially the form of
        Exhibit B hereto, certified by the authorized representative of each
        Borrower.

       

      (b)       
        Concurrently with the delivery of the Borrowing Base Report referred to in
        subsection 8.02(a), a certificate of the authorized representative of each
        Borrower (i) stating that to the best of such representative's knowledge,
        no
        Event of Default and no event which with notice or lapse of time or both
        would
        be an Event of Default has occurred and is continuing, and (ii) showing in
        reasonable detail the calculations  showing  compliance  with
        Article X pursuant to the Financial Covenant worksheet attached hereto as
        Exhibit “C”.

       

      (c)       
        As soon as available, one copy of each financial statement, report, notice
        or
        proxy statement sent by Ascendant after the date hereof to its stockholders
        generally and one copy of each regular, periodic or specific report,
        registration statement, or prospectus filed by such Person with any securities
        exchange or the Securities and Exchange Commission or any successor agency
        after
        the date hereof, and any material order issued after the date hereof by any
        court, governmental authority or arbitrator in any proceeding to which such
        Person is a party.

       

      (d)       
        Promptly, such additional information concerning Borrowers, Guarantors or
        any
        Subsidiaries as Lender may reasonably request.

       

      Section
        8.03.    Performance of Obligations.  Borrowers will
        duly and punctually pay and perform the Obligations.

       

      Section
        8.04.    Preservation of Existence and Conduct of
        Business.  Borrowers will preserve and maintain their existence and all
        of their material leases, privileges, franchises, qualifications, and rights
        that are necessary or desirable in the ordinary conduct of their business,
        and
        conduct their business as presently conducted in an orderly and efficient
        manner
        in accordance with good business practices.

       

      Section
        8.05.    Maintenance of Properties.  Borrowers will
        maintain their material assets and properties in good condition and
        repair.

       

      Section
        8.06.    Payment of Taxes and Claims.  Each Borrower
        will pay or discharge, at or before maturity or before becoming delinquent,
        (i)
        all taxes, levies, assessments, and governmental charges imposed on it or
        its
        income or profits or any of its property, and (ii) all lawful claims for
        labor,
        material, and supplies, which,  if unpaid, might become a Lien upon any of
        its property provided, however, that no Borrower shall be required to pay
        or
        discharge any tax, levy, assessment, or governmental charge which is being
        contested in good faith by appropriate proceedings diligently pursued,  and
        for which adequate reserves have been established.

       

      
        
          
          

        

        
          -17-

          
            

          

        

        
          
          

        

      

      Section
        8.07.    Insurance.  Each Borrower will maintain,
        with financially sound and reputable insurance companies workmen's compensation
        insurance, liability insurance, and insurance on its property, assets, and
        business at least in such amounts and against such risks as are usually insured
        against by Persons engaged in similar businesses.  Each insurance policy
        covering Collateral shall name Lender as loss payee and provide that such
        policy
        will not be cancelled without thirty (30) days prior written notice to
        Lender.

       

      Section
        8.08.    Inspection Rights.  At any reasonable time
        and from time to time, upon three (3) Business Days prior notice, any or
        all
        Borrowers will permit representatives of Lender to examine and make copies
        of
        the books and records of, and visit and inspect the properties of such Borrower,
        and to discuss the business, operations, and financial condition of such
        Borrower with their respective officers, partners, representatives, agents,
        and
        employees and with their independent certified public accountants.

       

      Section
        8.09.    Keeping Books and  Records.  Borrowers
        will maintain proper books of record and account in which full, true, and
        correct entries in conformity with GAAP shall be made of all dealings and
        transactions in relation to its business and activities.  Borrowers shall
        maintain reserves against their Accounts Receivable in accordance with
        GAAP.

       

      Section
        8.10.    Compliance with Laws.  Borrowers will comply
        with all Applicable Laws, rules, regulations, and orders of any court,
        governmental authority or arbitrator if the failure to so comply would result
        in
        a Material Adverse Effect.

       

      Section
        8.11.    Compliance with Agreements.  Borrowers will
        comply in all material respects with all indentures, mortgages, deeds of 
trust, and other agreements binding on it or affecting  its properties or
        business.

       

      Section
        8.12.    Notices.  Borrowers will promptly notify
        Lender of (i) the occurrence of an Event of Default, or of any event which
        with
        notice or lapse of time or both would be an Event of Default, (ii) the
        commencement of any action, suit, or proceeding against any Borrower or any
        Subsidiary that might have a Material Adverse Effect, or (iii) any violation
        of
        any Environmental Law that any Borrower or Subsidiary reports or is required
        to
        report to any governmental authority, and (iv) any other matter that might
        have
        a Material Adverse Effect.

       

      Section
        8.13.    Further Assurances.  Borrowers will execute
        and deliver such further instruments as may be deemed reasonably necessary
        or
        desirable by Lender to carry out the provisions and purposes of this Agreement
        and the other Loan Documents and to preserve and perfect the Liens of Lender
        in
        the Collateral.

       

      Section
        8.14.    ERISA.  Borrowers will comply with all
        minimum funding requirements, and all other material requirements, of ERISA,
        if
        applicable, so as not to give rise to any liability thereunder.  Promptly
        after the filing thereof, Borrowers shall furnish to Lender with regard to
        each
        employee benefit plan of Borrowers and their Subsidiaries, copies of each
        annual
        report required to be filed pursuant to Section 103 of ERISA in connection
        with
        each such plan for each plan year.  Borrowers will notify Lender
        immediately of any fact, including, but not limited to, any "Reportable Event"
        as that term is defined in Section 4043 of ERISA, arising in connection with
        any
        such plan which might constitute grounds for the termination thereof by the
        Pension Benefit Guaranty Corporation or for the appointment by the appropriate
        United States district court of a trustee to administer such plan and furnish
        to
        Lender, promptly upon its request therefor, such additional information
        concerning any such plan as may be reasonably requested.

       

      Section
        8.15.    Regulations G, T, U, and X.  Neither any
        Borrower nor any Person acting on its behalf will take any action which might
        cause this Agreement or any of the Loan Documents to violate, and Borrowers
        will
        take all actions necessary to cause compliance with Regulations G, T, U,
        and X
        of the Board of Governors of the Federal Reserve System and the Securities
        Exchange Act of 1934, in each case as now in effect or as the same may hereafter
        be in effect.

       

      Section
        8.16.    Operating Accounts and Lockbox Accounts. 
Within thirty (30) days from the date of this Agreement, Borrowers
        covenant and
        agree (i) to maintain all of their operating accounts at Lender, and (ii)
        to
        execute one or more lockbox account agreements with Lender and to notify
        all
        account debtors pertaining to insurance Accounts Receivable to remit payment
        to
        the address(es) set forth in such agreements.

       

      
        
          
          

        

        
          -18-

          
            

          

        

        
          
          

        

      

      ARTICLE
        IX

      Negative
        Covenants

       

      Borrowers
        covenant and agree that they will comply in all respects with each, and will
        not
        cause, suffer or permit any violation of any, of the terms and provisions
        of
        each Section in this Article, from the date hereof until the Obligations
        have
        been fully paid and satisfied, unless the Lender (in its sole and absolute
        discretion) shall consent otherwise in writing:

       

      Section
        9.01.    Debt.  Borrowers will not, and will not
        permit any Subsidiary to, directly or indirectly create, incur, assume, permit
        to exist, increase, renew or extend any Debt on their part, including
        commitments, lines of credit and other credit availabilities, or apply for
        or
        offer, commit or agree to do any of the foregoing, excluding, however:

       

      (a)               
        Debt owed to Lender under any of the Loan Documents; and

       

      (b)              
        Existing Debt described on Schedule 3 hereto.

       

      (c)               
        Any additional debt which is less than $50,000.00 in the aggregate.

       

      (d)              
        Any intercompany Debt permitted under Section 9.07 hereof.

       

      (e)               
        Any contingent Debt of Ascendant and Dougherty Holdings in connection with
        any
        credit facility to ParkInfusion Care, LP and the ParkInfusion Care
        Entities.

       

      Section
        9.02.    Limitation on Liens.  Borrowers will not
        incur, create, assume, or permit to exist, and will not permit any Subsidiary
        to
        incur, create, assume, or permit to exist, any Lien upon any of its property,
        assets, or revenues, whether now owned or hereafter acquired, except:

       

      (a)       
        Liens disclosed on Schedule 5 hereto; 

       

      (b)       
        Liens in favor of Lender;

       

      (c)       
        Liens for taxes, assessments, or other governmental charges which are not
        delinquent or which are being contested in good faith and for which adequate
        reserves have been established;

       

      (d)       
        Liens of mechanics, materialmen, warehousemen, carriers or other similar
        statutory Liens securing obligations that are not yet due and are incurred
        in
        the ordinary course of business;  and

       

      (e)       
        Liens resulting from good faith deposits to secure payments of workmen's
        compensation or other social security programs or to secure the performance
        of
        tenders, statutory obligations, surety and appeal bonds, bids, or contracts
        (other than for payment of Debt) in the ordinary course of business.

       

      Section
        9.03.    Mergers, Acquisitions and Dissolutions. 
Borrowers will not, and will not permit any Subsidiary to, become
        a party to a
        merger or consolidation,  or purchase or otherwise acquire all or a
        substantial part of the assets of any Person or dissolve or liquidate; provided,
        however, (i) the Subsidiaries of any Borrower may merge or consolidate with
        each
        other, and (ii) any Borrower may merge or consolidate with any of the other
        Borrowers.

       

      Section
        9.04.    Restricted Payments.  Borrowers will not,
        and will not permit any Subsidiary to, declare or pay any dividends or make
        any
        other payment or distribution (in cash, property, or obligations) on account
        of
        its capital stock, or redeem, purchase, retire, or otherwise acquire any
        of its
        capital stock, or set apart any money for a sinking or other analogous fund
        for
        any dividend or other distribution on its capital stock or for any redemption,
        purchase, retirement, or other acquisition of any of its capital stock, or
        grant
        or issue any capital stock or any warrant, right, or option pertaining to
        its
        capital stock, or issue any security convertible into capital stock, or permit
        any of its Subsidiaries to purchase any capital stock of Borrower or another
        Subsidiary; provided, that the Borrowers or any of their Subsidiaries may
        pay
        dividends or otherwise make distributions to any other Borrower or any
        Subsidiaries of the Borrowers.

       

      
        
          
          

        

        
          -19-

          
            

          

        

        
          
          

        

      

      Section
        9.05.    Prepayment of Debt.  Borrowers will not, and
        will not permit any Subsidiary to, prepay, acquire or otherwise satisfy,
        in
        whole or in part, any of their Debt, except (i) for Debt owed to Lender under
        any of the Loan Documents, (ii) all regularly scheduled payments on subordinated
        debt to Approved Supplier, and (iii) intercompany Debt owing to any other
        Borrower or any of the Subsidiaries of the Borrowers.

       

      Section
        9.06.   Repayment of Certain Debt.  Dougherty Holdings
        shall not make any principal payments on its Debt owing to Ascendant.

       

      Section
        9.07.    Loans and Investments.  Borrowers will not
        make, and will not permit any Subsidiary or Guarantor (other than Ascendant)
        to
        make, any advance, loan, extension of credit, or capital contribution to
        or
        investment in, or purchase, any stock, bonds, notes, debentures, or other
        securities of any Person, except that Dougherty’s Pharmacy and Medicine Man may
        make intercompany loans to any other Borrower or Guarantor.

       

      Section
        9.08.    Transactions With Affiliates.  Borrowers
        will not enter into, and will not permit any Subsidiary to enter into, any
        transaction, including, without limitation, the purchase, sale, or exchange
        of
        property or the rendering of any service, with any Affiliate of Borrower
        or such
        Subsidiary, except in the ordinary course of and pursuant to the reasonable
        requirements of Borrowers’ or such Subsidiary's business and upon fair and
        reasonable terms no less favorable to Borrowers or such Subsidiary than would
        be
        obtained in a comparable arm's‐length transaction with a Person not an Affiliate
        of Borrowers or such Subsidiary; provided, however, that Borrowers may pay
        management fees to Dougherty Holdings and Ascendant up to the aggregate amount
        of $900,000 in any fiscal year.

       

      Section
        9.09.    Disposition of Assets.  If Borrowers or
        Guarantors (other than Ascendant) sell, lease, assign, transfer, or otherwise
        dispose of any of their assets, or permit any Subsidiary to do so with any
        of
        their assets (except dispositions of inventory in the ordinary course of
        business and the sale or other disposition of any of the ownership interests
        in,
        or assets of, Park InfusionCare, LP and the Park InfusionCare Entities),
        one
        hundred percent (100%) of the proceeds of such sale, lease, assignment, transfer
        or other disposition shall be applied to the Funded Debt. 

       

      Section
        9.10.    Sale and Leaseback.  Borrowers will not
        enter into, and will not permit  any Subsidiary to enter into, any
        arrangement with any Person pursuant to which it leases from such Person
        real or
        personal property that has been or is to be sold or transferred, directly
        or
        indirectly, by it to such Person.

       

      Section
        9.11.    Nature of Business.  Borrowers will not, and
        will not permit any Subsidiary to, engage in any business other than the
        businesses in which they are engaged as of the date hereof.

       

      Section
        9.12.    Compliance with Environmental Laws. 
Borrowers will not, and will not permit any of its Subsidiaries to,
        (i) use (or
        permit any tenant to use) any of their respective properties or assets for
        the
        handling, processing, storage, transportation, or disposal of any Hazardous
        Substance, (ii) generate any Hazardous Substance, (iii) conduct any activity
        which is likely to cause a release or threatened release of any Hazardous
        Substance, or (iv) otherwise  conduct any activity or use any of their
        respective properties or assets in any manner that is likely to violate any
        Environmental Law.

       

      ARTICLE
        X

      Financial
        Covenants

       

      Borrowers
        covenant and agree that they will comply in all respects with each, and will
        not
        cause, suffer or permit any violation of any, of the terms and provisions
        of
        each Section in this Article, from the date hereof until the Obligations
        have
        been fully paid and satisfied, unless the Lender (in its sole and absolute
        discretion) shall consent otherwise in writing:

       

      Section
        10.01.  Fixed Charge Coverage Ratio.  Borrowers will at all
        times maintain a Fixed Charge Coverage Ratio of not less than  1.10 to
        1.00.  The Fixed Charge Coverage Ratio shall be computed for the Borrowers
        on a consolidated basis and shall be tested monthly on a rolling twelve month
        basis.

       

      
        
          
          

        

        
          -20-

          
            

          

        

        
          
          

        

      

      Section
        10.02.  Funded Debt to Adjusted EBITDA Ratio.  Borrowers will
        at all times maintain a ratio of Funded Debt to Adjusted EBITDA of not greater
        than 3.00 to 1.00.  The Funded Debt to Adjusted EBITDA Ratio shall be
        computed for the Borrowers on a consolidated basis and shall be tested monthly
        on a rolling twelve month basis.

       

      Section
        10.03.  Management Fees.  Management fees expensed by
        Dougherty’s Pharmacy and Medicine Man will not exceed $900,000 in the aggregate,
        in any calendar year beginning with the year 2007.

       

       

      ARTICLE
        XI

      Default

       

      Section
        11.01.  Events of Default.  Without in any manner impairing the
        demand nature of the Notes, each of the following shall be deemed an "Event
        of
        Default": 

       

      (a)       
        Borrowers shall fail to pay when due the Obligations or any part thereof
        and
        such failure shall continue for seven (7) calendar days after written notice
        thereof from Lender; provided, that Lender shall not be obligated to give
        any
        such notice more than twice in any twelve (12) month period.

       

      (b)       
        Any representation or warranty made or deemed made by Borrowers or any Obligated
        Party (or any of their respective officers, partners, or representatives)
        in any
        Loan Document or in any certificate, report, notice, or financial statement
        furnished at any time in connection with this Agreement shall be false,
        misleading, or erroneous in any material respect when made or deemed to have
        been made.

       

      (c)       
        Any Borrower or Obligated Party shall fail to perform, observe, or comply
        with
        any covenant, agreement, or term contained in this Agreement or any other
        Loan
        Document and such default shall continue for thirty (30) days after written
        notice thereof from Lender; provided, that Lender shall not be obligated
        to
        provide any such notice pertaining to the same failure more than twice in
        any
        twelve (12) month period.

       

      (d)       
        Borrowers, any Subsidiary, or any Obligated Party shall commence a voluntary
        proceeding seeking liquidation, reorganization, or other relief with respect
        to
        itself or its debts under any bankruptcy, insolvency or other similar law
        now or
        hereafter in effect or seeking the appointment of a trustee, receiver,
        liquidator, custodian, or other similar official of it or a substantial part
        of
        its property or shall consent to any such relief or to the appointment of
        or
        taking possession by any such official in an involuntary case or other
        proceeding commenced against it or shall make a general assignment for the
        benefit of creditors or shall generally fail to pay its debts as they become
        due
        or shall take any corporate action to authorize any of the foregoing.

       

      (e)       
        An involuntary proceeding shall be commenced against any Borrower, any
        Subsidiary, or any Obligated Party seeking liquidation, reorganization, or
        other
        relief with respect to it or its debts under any bankruptcy, insolvency,
        or
        other similar law now or hereafter in effect or seeking the appointment of
        a
        trustee, receiver, liquidator, custodian, or other similar official for it
        or a
        substantial part of its property, and such  involuntary proceeding shall
        remain undismissed and unstayed for a period of sixty (60) days.

       

      (f)        
        Any Borrower, Subsidiary, or Obligated Party shall fail to discharge within
        a
        period of thirty (30) days after the commencement thereof any attachment, 
sequestration, or similar proceeding or proceedings involving an aggregate
        amount in excess of Fifty Thousand Dollars ($50,000.00) against any of its
        assets or properties.

       

      (g)       
        Any Borrower, Subsidiary, or Obligated Party shall fail to satisfy and discharge
        promptly any judgment or judgments against it for the payment of money in
        an
        aggregate amount in excess of Fifty Thousand Dollars ($50,000.00) within
        sixty
        (60) days of entry.

       

      
        
          
          

        

        
          -21-

          
            

          

        

        
          
          

        

      

      (h)       
        Any Borrower, Subsidiary, or Obligated Party shall fail to pay when due any
        principal of or interest on any Debt (other than the Obligations), or the
        maturity of any such Debt shall have been accelerated, or any such Debt shall
        have been required to be prepaid prior to the stated maturity thereof, or
        any
        event shall have occurred that permits (or, with the giving of notice or
        lapse
        of time or both, would permit) any holder or holders of such Debt or any
        Person
        acting on behalf of such holder or holders to accelerate the maturity thereof
        or
        require any such prepayment.

       

      (i)        
        This Agreement or any other Loan Document shall cease to be in full force
        and
        effect or shall be declared null and void or the validity or enforceability
        thereof shall be contested or challenged by any Borrower, Subsidiary, Obligated
        Party or any of their respective shareholders, partners, or representatives,
        or
        any Borrower or Obligated Party shall deny that it has any further liability
        or
        obligation under any of the Loan Documents.

       

      (j)        
        David Bowe and James C. Leslie shall cease to be active in the management
        of
        Borrowers.

       

      (k)       
        Borrowers, any of their Subsidiaries, or any Obligated Party, or any of
        their  properties, revenues, or assets, shall become subject to an order of
        forfeiture, seizure, or divestiture and the same shall not have been discharged
        within sixty (60) days from the date of entry thereof.

       

       

      Section
        11.02   Remedies Upon Default.  Upon the occurrence of an
        Event of Default, Lender may without notice terminate its commitment to lend
        hereunder and declare the Obligations or any part thereof to be immediately
        due
        and payable, and the same shall  thereupon become immediately due and
        payable, without notice, demand, presentment, notice of dishonor, notice
        of
        acceleration, notice of intent to accelerate, notice of intent to demand,
        protest, or other formalities of any kind, all of which are hereby expressly
        waived by Borrowers; provided, however, that upon the occurrence of an Event
        of
        Default under Section 11.01(d) or Section 11.01(e), the commitment of Lender
        to
        lend hereunder shall automatically terminate, and the Obligations shall become
        immediately due and payable without notice, demand, presentment, notice of
        dishonor, notice of acceleration, notice of intent to accelerate, notice
        of
        intent to demand, protest, or other formalities of any kind, all of which
        are
        hereby expressly waived.  Upon the occurrence of any Event of Default,
        Lender may exercise all rights and remedies available to it in law or in
        equity,
        under the Loan Documents, or otherwise.

       

      ARTICLE
        XII

      Miscellaneous

       

      Section
        12.01   Expenses of Lender.  Borrowers hereby agree to pay
        Lender on demand  (i) all costs and expenses incurred by Lender in
        connection with the preparation, negotiation, and execution of this Agreement
        and the other Loan Documents and any and all amendments, modifications,
        renewals, extensions, and supplements thereof and thereto, including,
        without  limitation, the fees and expenses of Lender's legal counsel, (ii)
        all costs and expenses incurred by Lender in connection with the enforcement
        of
        this Agreement or any other Loan Document,  including, without limitation,
        the fees and expenses of Lender's legal counsel, and (iii) all other costs
        and
        expenses incurred by Lender in connection with this Agreement or any other
        Loan
        Document, including, without limitation, all costs, expenses, taxes,
        assessments, filing fees, and other charges levied by an governmental authority
        or otherwise payable in respect of this Agreement or any other Loan Document
        or
        in obtaining any mortgagee title insurance policy, survey, audit, or appraisal
        in respect of the Collateral.

       

      Section
        12.02.  Indemnification.  Borrowers
        hereby jointly and severally indemnify and agree to hold harmless Lender,
        and
        its officers, directors, employees, agents and representatives (each an
        "Indemnified Person") from and against any and all liabilities,
        obligations, claims, losses, damages, penalties, actions, judgments, suits,
        costs, expenses or disbursements of any kind or nature (collectively, the
        "Claims") which may be imposed on, incurred by, or  asserted
        against, any Indemnified Person (whether or not caused by any Indemnified
        Person's sole, concurrent or contributory negligence) arising in connection
        with
        the Loan Documents, the Obligations or the Collateral (including without
        limitation, the enforcement of the Loan Documents and the defense of any
        Indemnified Person's actions and/or inactions in connection with the Loan
        Documents), except to the limited extent the Claims against an Indemnified
        Person are proximately caused by such Indemnified Person's gross negligence
        or
        willful misconduct.  If any Borrower or any third party ever alleges such
        gross negligence or willful misconduct by any Indemnified Person, the
        indemnification provided for in this Section shall nonetheless be paid upon
        demand, subject to later adjustment or reimbursement, until such time as
        a court
        of competent jurisdiction enters a final judgment as to the extent and effect
        of
        the alleged gross negligence or willful misconduct.  The indemnification
        provided for in this Section shall survive the termination of this Agreement
        and
        shall extend and continue to benefit each individual or entity who is or
        has at
        any time been an Indemnified Person hereunder.

       

      
        -22-

        
          

        

      

      

      

      
      

      Section
        12.03  Limitation of Liability.  Neither Lender nor any
        Affiliate, officer, director, employee, attorney, or agent of Lender shall
        have
        any liability with respect to, and Borrowers hereby waive, release, and agree
        not to sue any of them upon, any claim for any special, indirect, incidental,
        or
        consequential damage suffered or incurred by Borrowers in connection with,
        arising out of, or in any way related to, this Agreement or any of the other
        Loan Documents, or any of the transactions contemplated by this Agreement
        or any
        of the other Loan Documents.  Borrowers hereby waive, release, and agree
        not to sue Lender or any of  Lender's Affiliates, officers, directors,
        employees, attorneys, or agents for punitive damages in respect of any claim
        in
        connection with, arising out of, or in any way related to, this Agreement
        or any
        of the other Loan Documents, or any of the transactions contemplated by this
        Agreement or any of the other Loan Documents.

       

      Section
        12.04.  No Duty.  All attorneys, accountants, appraisers, and
        other professional Persons and consultants retained by Lender shall have
        the
        right to act exclusively in the interest of Lender and shall have no duty
        of
        disclosure, duty of loyalty, duty of care, or other duty or obligation of
        any
        type or nature whatsoever to Borrowers or any of Borrowers’ shareholders,
        partners, or representatives or any other Person.

       

      Section
        12.05.  Lender Not Fiduciary.  The relationship between
        Borrowers and Lender is solely that of debtor and creditor, and Lender has
        no
        fiduciary or other special relationship with Borrowers, and no term or condition
        of any of the Loan Documents shall be construed so as to deem the relationship
        between Borrowers and Lender to be other than that of debtor and creditor.

       

      Section
        12.06.  Equitable Relief.  Borrowers recognize that in the
        event Borrowers fail to pay, perform, observe, or discharge any or all of
        the
        Obligations, any remedy at law may prove to be inadequate relief to
        Lender.  Borrowers therefore agree that Lender, if Lender so requests,
        shall be entitled to temporary and permanent injunctive relief in any such
        case
        without the necessity of proving actual damages.

       

      Section
        12.07.  Restatement.  The delivery of each statement, report,
        and certificate to Lender pursuant to this Agreement and each request by
        Borrowers for an Advance hereunder  (whether by Advance Request Form or
        otherwise) shall by virtue of such delivery or request alone constitute a
        restatement of the representations and warranties contained in Article VII
        hereof on and as of the date of delivery or the date requested for the Advance,
        except that the representations and warranties contained in Section 7.02
        shall
        in each instance  be deemed to be made with respect to the financial
        statements most recently furnished to Lender pursuant to Section 7.02 or
        8.01,
        as the case may be.  Each such delivery or request shall also constitute a
        representation and warranty at the time of said delivery or on the date
        requested for the Advance that no Event of Default has occurred and is
        continuing and that no event or condition has occurred and is continuing
        that
        with notice or lapse of time or both would bean Event of  Default.

       

      Section
        12.08.  No Waiver; Cumulative Remedies.  No failure on the part
        of Lender to exercise and no delay in exercising, and no course of dealing
        with
        respect to, any right, power, or privilege under this Agreement shall operate
        as
        a waiver thereof, nor shall any single or partial exercise of any right,
        power,
        or privilege under this Agreement preclude any other or  further exercise
        thereof or the exercise of any other right, power, or privilege.  The
        rights and remedies provided for in this Agreement and the other Loan Documents
        are cumulative and not exclusive of any rights and remedies provided by
        law.

       

      Section
        12.09.  Successors and Assigns.  This Agreement is binding upon
        and shall inure to the benefit of Lender and Borrowers and their respective
        successors and assigns, except that Borrowers may not assign or transfer
        any of
        their rights or obligations under this Agreement without the prior written
        consent of Lender.

       

      Section
        12.10. Survival of Representations and Warranties.  All
        representations and warranties made in this Agreement or any other Loan Document
        or in any document, statement, or certificate furnished in connection with
        this
        Agreement shall survive the execution and delivery of this Agreement and
        the
        other Loan Documents, and no investigation by Lender or any closing shall
        affect
        the representations and warranties or the right of Lender to rely upon
        them.

       

      Section
        12.11. ENTIRE AGREEMENT; AMENDMENT.  THIS AGREEMENT, THE NOTES, AND
        THE OTHER LOAN DOCUMENTS REFERRED TO HEREIN EMBODY THE FINAL, ENTIRE AGREEMENT
        AMONG THE PARTIES HERETO AND SUPERSEDE ANY AND ALL PRIOR COMMITMENTS,
        AGREEMENTS, REPRESENTATIONS, AND UNDERSTANDINGS, WHETHER WRITTEN OR ORAL,
        RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED
        BY
        EVIDENCE Of PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS
        OF THE PARTIES HERETO. THERE ARE NO ORAL AGREEMENTS AMONG THE PARTIES
        HERETO.  The provisions of this Agreement and the other Loan Documents to
        which Borrowers are a party may be amended or waived only by an instrument
        in
        writing signed by the parties hereto.

       

      
        
          
          

        

        
          -23-

          
            

          

        

        
          
          

        

      

      Section
        12.12.  Maximum Interest Rate.  No provision of this Agreement
        or any other Loan Document shall require the payment or the collection of
        interest in excess of the maximum permitted by applicable law.  If any
        excess of interest in such respect is hereby provided for, or shall be
        adjudicated to be so provided, in any Loan Document or otherwise in connection
        with this loan transaction, the provisions of this Section shall govern and
        prevail and neither Borrower nor the sureties, guarantors, successors, or
        assigns of Borrowers shall be obligated to pay the excess amount of such
        interest or any other excess sum paid for the use, forbearance, or detention
        of
        sums loaned pursuant hereto.  In the event Lender ever receives, collects,
        or applies as interest any such sum, such amount which would be in excess
        of the
        maximum amount permitted by applicable law shall be applied as a payment
        and
        reduction of the principal of the indebtedness evidenced by the Notes and,
        if
        the principal of the Notes has been paid in full, any remaining excess shall
        forthwith be paid to Borrowers.  In determining whether or not the 
interest paid or payable exceeds the Maximum Rate, Borrowers and Lender shall,
        to the extent permitted by applicable law, (i) characterize any non‐principal
        payment as an expense, fee, or premium rather than as interest, (ii) exclude
        voluntary prepayments and the effects thereof, and (iii) amortize, prorate,
        allocate, and spread in equal or unequal parts the total amount of interest
        throughout the entire contemplated term of the indebtedness evidenced by
        the
        Notes so that interest for the entire term does not exceed the Maximum
        Rate.

       

      Section
        12.13.  Notices.  All notices and other communications provided
        for in this Agreement and the other Loan Documents to which Borrowers are
        a
        party shall be given or made by telex, telegraph, telecopy, cable, or in
        writing
        and telexed, telecopied, telegraphed, cabled, mailed by certified mail return
        receipt requested, or delivered to the intended recipient at then "Address
        for
        Notices" specified below its name on the signature pages hereof  or, as to
        any party at such other address as shall be designated by such party in a
        notice
        to the other party given in accordance with this Section.  Except as
        otherwise provided in this Agreement, all such communications shall be deemed
        to
        have been duly given when transmitted by telex or telecopy, subject to telephone
        confirmation of receipt, or delivered to the telegraph or cable office, subject
        to telephone confirmation of receipt, or when personally delivered or, in
        the
        case of a mailed notice, when duly deposited in the mails, in each case given
        or
        addressed as aforesaid;  provided, however, notices to Lender
        pursuant to Articles II and III shall not be effective until received by
        Lender.  The Guarantors shall be copied on all default notices from Lender
        to Borrowers.

       

      Section
        12.14.  Applicable Law; Venue; and Service of Process.  This
        Agreement shall be governed by and construed in accordance with the laws
        of the
        State of Texas and the applicable laws of the United States of America. 
This Agreement has been entered into in Dallas County, Texas, and it shall
        be
        performable for all purposes in Dallas County, Texas.  Any action or
        proceeding against Borrowers under or in connection with any of the Loan
        Documents may be brought in any state or federal court in Dallas County,
        Texas.  Borrowers hereby irrevocably (i) submit to the nonexclusive
        jurisdiction of such courts, and (ii) waive any objection they may now or
        hereafter have as to the venue of any such action or proceeding brought in
        such
        court or that such court is an inconvenient forum.  Each Borrowers agrees
        that service of process upon it may be made by certified or registered mail,
        return receipt requested, at its address specified or determined in accordance
        with the provisions of Section 12.13.  Nothing herein or in any of the
        other Loan Documents shall affect the right of Lender to serve process in
        any
        other manner permitted by law or shall limit the right of Lender to bring
        any
        action or proceeding against Borrowers or with respect to any of the Collateral
        in any state or federal court in any other jurisdiction.  Any action or
        proceeding by Borrowers against Lender shall be brought only in a court located
        in Dallas County, Texas.

       

      Section
        12.15.  Counterparts.  This Agreement may be executed in one or
        more counterparts, each of which shall be deemed an original, but all of
        which
        together shall constitute one and the same instrument.

       

      Section
        12.16.  Severability.  Any provision of this Agreement held by
        a court of competent jurisdiction to be invalid or unenforceable shall not
        impair or invalidate the  remainder of this Agreement and the effect
        thereof shall be confined to the provision held to be invalid or illegal.

       

      Section
        12.17.  Headings.  The headings, captions, and arrangements
        used in this Agreement are for convenience only and shall not affect the
        interpretation of this Agreement.

       

      Section
        12.18.  Non‐Application of Section 346 of Texas Finance Code. 
The provisions of Section 346 of the Texas Finance Code are specifically
        declared by the parties hereto not to be applicable to this Agreement or
        any of
        the other Loan Documents or to the transactions contemplated hereby.

       

      
        
          
          

        

        
          -24-

          
            

          

        

        
          
          

        

      

      Section
        12.19.  Assignment Participations.  Lender shall have the right
        at any time to sell and assign all of its interests in the Notes and the
        other
        loan documents; provided, in the absence of an Event of Default, Lender shall
        obtain the prior written consent of Borrowers to any such sale or assignment,
        such consent not to be unreasonably withheld, delayed or conditioned. 
Lender shall also have the right at any time and from time to time to grant
        participations in the Notes and any other Loan Documents; provided, however,
        that Lender shall maintain a majority voting interest in any outstanding
        interests in the Notes and the other Loan Documents.  Each actual or
        proposed participant shall be entitled to receive all information received by
        Lender regarding the  creditworthiness of Borrower, including, without
        limitation, information required to be disclosed to a participant pursuant
        to
        Banking Circular 181 (Rev., August 2, 1984), issued by the Comptroller of
        the
        Currency (whether the actual or proposed participant is subject to the circular
        or not).

       

      Section
        12.20.  Construction.  Borrowers and Lender acknowledge that
        each of them has had the benefit of legal counsel of its own choice and has
        been
        afforded an opportunity to review this Agreement and the other Loan Documents
        with its legal counsel and that this Agreement and the other Loan Documents
        shall be construed as if jointly drafted by Borrowers and Lender.

       

      Section
        12.21. WAIVER OF JURY TRIAL.  TO THE FULLEST EXTENT PERMITTED BY
        APPLICABLE LAW, BORROWERS AND GUARANTORS HEREBY IRREVOCABLY AND EXPRESSLY
        WAIVE
        ALL RIGHT TO A TRIAL BY JURY IN ANY ACTION, PROCEEDING, OR COUNTERCLAIM (WHETHER
        BASED UPON CONTRACT, TORT, OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY
        OF
        THE LOAN DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED THEREBY OR THE ACTIONS
        OF
        LENDER IN THE NEGOTIATION, ADMINISTRATION, OR ENFORCEMENT THEREOF.

       

       

       

                                                        
        [SIGNATURE PAGE FOLLOWS]

      
        
          
          

        

        
          -25-

          
            

          

        

        
          
          

        

      

      IN
        WITNESS WHEREOF, the parties hereto have duly executed this Agreement as
        of the
        day and year first above written.

       

      BORROWERS:

       

      DOUGHERTY’S
        PHARMACY, INC.,

      a
        Texas corporation

       

      By:      
                    /s/ David
        E. Bowe        

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

      Address
        for Notices:

       

      16250
        Dallas Parkway, Suite 100

      Dallas,
        Texas  75248-2622

      Fax
        No.:  (972) 250-0934        

      Telephone
        No.:  (972) 250-0903

      Attention: 
        David E. Bowe

       

      ALVIN
        MEDICINE MAN, LP,

      a
        Texas limited partnership

       

      By:
              Alvin Medicine Man GP, LLC,

                 
        a Texas limited liability company,

                 
        its General Partner

       

       

                 
        By:      
            /s/ David
        E. Bowe        

                 
        Name:  David E. Bowe

                 
        Title:  President and Chief Executive Officer

       

       

      Address
        for Notices:

       

      16250
        Dallas Parkway, Suite 100

      Dallas,
        Texas  75248-2622

      Fax
        No.:  (972) 250-0934        

      Telephone
        No.:  (972) 250-0903

      Attention: 
        David E. Bowe

       

      ANGLETON
        MEDICINE MAN, LP,

      a
        Texas limited partnership

       

      By:      
        Angleton Medicine Man GP, LLC,

                 
        a Texas limited liability company,

                 
        its General Partner

       

       

                 
        By:      
            /s/ David
        E. Bowe        

                 
        Name:  David E. Bowe

                 
        Title:  President and Chief Executive Officer

       

       

      
        
          
          

        

        
          -26-

          
            

          

        

        
          
          

        

      

       

      Address
        for Notices:

       

      16250
        Dallas Parkway, Suite 100

      Dallas,
        Texas  75248-2622

      Fax
        No.:  (972) 250-0934        

      Telephone
        No.:  (972) 250-0903

      Attention: 
        David E. Bowe

       

       

      SANTA
        FE MEDICINE MAN, LP,

      a
        Texas limited partnership

       

      By:      
        Santa Fe Medicine Man GP, LLC,

                 
        a Texas limited liability company,

                 
        its General Partner 

       

                 
        By:      
            /s/ David
        E. Bowe        

                 
        Name:  David E. Bowe

                 
        Title:  President and Chief Executive Officer

       

      Address
        for Notices:

       

      16250
        Dallas Parkway, Suite 100

      Dallas,
        Texas  75248-2622

      Fax
        No.:  (972) 250-0934        

      Telephone
        No.:  (972) 250-0903

      Attention: 
        David E. Bowe

       

      LENDER:

       

      AMEGY
        BANK NATIONAL ASSOCIATION,

      a
        national banking association

       

      By:      
                    /s/ Lisa
        Armstrong        

      Name: 
        Lisa Armstrong

      Title:    
        Senior Commercial Banker

       

      Address
        for Notices:

       

      1807
        Ross Avenue, Suite 400

      Dallas,
        Texas  75201

      Fax
        No.: 
                    
(214) 754-6613

      Telephone
        No.:             (214)
        754-9434

      Attention:                     
        Commercial Lending

       

                                                                                   
        

      
        
          
          

        

        
          -27-

          
            

          

        

        
          
          

        

      

      GUARANTOR
        ACKNOWLEDGEMENT

       

                 
        Each Guarantor hereby affirms the representations and warranties set forth
        herein pertaining to such Guarantor and hereby covenants and agrees to observe
        the covenants and agreement set forth herein pertaining to such Guarantor.

       

                                                                             
        ASCENDANT SOLUTIONS, INC.,

                                                                             
        a Delaware corporation

       

       

                                                                             
        By:
     
/s/
        David E. Bowe       
           

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

                                                                             
        DOUGHERTY’S HOLDINGS, INC., 

                                                                             
        a Texas corporation

       

                                                                             
        By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

                                                                             
        DOUGHERTY’S LP HOLDINGS, INC.,

                                                                             
        a Nevada corporation

       

                             
                                                       
By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

                                                                             
        MEDICINE MAN GP, LLC,

                                                                             
        a Texas limited liability company

       

                                                                             
        By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

                                                                             
        MEDICINE MAN, LP,

                                                                             
        a Texas limited partnership

       

                                                                             
        By:       Medicine Man GP, LLC, 

                                                                                         
        a Texas limited liability company,

                                                                                         
        its General Partner

       

                                                                             
                    By:
      /s/ David E.
        Bowe       
            

                 
        Name:  David E. Bowe

                 
        Title:  President and Chief Executive Officer

       

       

      
        
          
          

        

        
          -28-

          
            

          

        

        
          
          

        

      

                                                                             
        ALVIN MEDICINE MAN GP, LLC,

                                                                             
        a Texas limited liability company

       

                                                                             
        By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

                                                                             
        ANGLETON MEDICINE MAN GP, LLC,

                                                                             
        a Texas limited liability company

       

                                                                             
        By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

                                                                             
        SANTA FE MEDICINE MAN GP, LLC,

                                                                             
        a Texas limited liability company

       

                                                                             
        By:       /s/ David E.
        Bowe       
            

      Name: 
        David E. Bowe

      Title: 
        President and Chief Executive Officer

       

       

       
        -29-Exhibit 10.2 - Promissory Note (Term) _ Dougherty's Pharmacy and Medicine Man

    

    
      
        
                  
            
                                                                              Exhibit
                10.2

              PROMISSORY
                NOTE

              (Term)

              $2,200,000.00                                                            
                Dallas,
                Texas                                      
February 20, 2007

               

                                     
                FOR VALUE RECEIVED, each of the undersigned DOUGHERTY’S PHARMACY, INC., a Texas
                corporation, ALVIN MEDICINE MAN, LP, a Texas limited partnership,
                ANGLETON
                MEDICINE MAN, LP, a Texas limited partnership, SANTA FE MEDICINE
                MAN, LP, a
                Texas limited partnership (herein called "Maker," whether one or
                more), hereby
                jointly and severally promises to pay to the order of AMEGY BANK
                NATIONAL
                ASSOCIATION, a national banking association ("Payee"), at its offices
                at 1807
                Ross Avenue, Suite 400, Dallas, Dallas County, Texas  75201, in lawful
                money of the United States of America, the principal sum of TWO MILLION
                TWO
                HUNDRED THOUSAND AND NO/100 DOLLARS ($2,200,000.00), or so much thereof
                as may
                be advanced and outstanding hereunder, together with interest on
                the outstanding
                principal balance from day to day remaining as herein specified,
                in monthly
                payments as follows:

               

                         
                (a)        Principal under this Note shall be
                due and payable in monthly payments of $45,833.33 each, commencing
                on March 20,
                2007, and continuing to be due and payable on the 20th day of each
                calendar month thereafter, until February 20, 2011 (“Maturity Date”) when the
                entire amount hereof, principal and interest then remaining unpaid,
                shall be
                then due and payable.  Interest, computed on the unpaid principal balance
                hereof, shall be due and payable monthly as it accrues, on the same
                dates as,
                but in addition to, said payments of principal; interest being calculated
                on the
                unpaid principal each day principal is outstanding and all payments
                made
                credited to any collection costs and late charges, to the discharge
                of interest
                accrued and to the reduction of principal, in such order as Payee
                shall
                determine.  

               

                         
                (b)        If a payment is made 10 days or
                more late, Maker will be charged, in addition to interest, a delinquency
                charge
                of 5% of the unpaid portion of the regularly scheduled payment.  Maker
                agrees with Payee that the charges set forth herein are reasonable
                compensation
                to Payee for the handling of such late payments.

               

                                     
                The outstanding principal balance hereof shall bear interest prior
                to maturity
                at a varying rate per annum which shall from day to day be equal
                to the lesser
                of (a) the Maximum Rate (hereinafter defined), or (b) a rate equal
                to the Prime
                Rate (hereinafter defined) of Payee in effect from day to day plus
                one quarter
                of one percent (0.25%), each such change in the rate of interest
                charged
                hereunder to become effective, without notice to Maker, on the effective
                date of
                each change in the Prime Rate; provided, however, if at any time
                the rate of
                interest specified in clause (b) preceding shall exceed the Maximum
                Rate,
                thereby causing the interest rate hereon to be limited to the Maximum
                Rate, then
                any subsequent reduction in the Prime Rate will not reduce the rate
                of interest
                hereon below the Maximum Rate until the total amount of interest
                accrued hereon
                equals the amount of interest which would have accrued hereon if
                the rate
                specified in clause (b) preceding had at all times been in effect.  All
                past due principal and interest shall bear interest at the Default
                Rate
                (hereinafter defined).

               

                                     
                Interest on the indebtedness evidenced by this Note shall be computed
                on the
                basis of a year of 360 days and the actual number of days elapsed
                (including the
                first day but excluding the last day) unless such calculation would
                result in a
                usurious rate, in which case interest shall be calculated on the
                basis of a year
                of 365 or 366 days, as the case may be.

               

                                     
                As used in this Note, the following terms shall have the respective
                meanings
                indicated below:

               

                         
                "Agreement" means, that certain Loan Agreement of even date herewith
                between Maker and Payee, as the same may be amended or modified from
                time to
                time.

               

              "Default
                Rate" means the Maximum Rate or, if no Maximum Rate exists, the sum
                of the
                Prime Rate in effect from day to day plus three percent (3.0%).

               

              "Maximum
                Rate" means the maximum rate of nonusurious interest permitted from
                day to
                day by applicable law, including the Texas Finance Code, as supplemented
                by the
                Texas Credit Title, but otherwise without limitation, that rate based
                upon the
                "Weekly Ceiling" and calculated after taking into account any and
                all relevant
                fees, payments, and other charges in respect of this Note which are
                deemed to be
                interest under applicable law.

               

              
                
                  
                  

                

                
                  -30-

                  
                    

                  

                

                
                  
                  

                

              

                         
                "Prime Rate" means, at any time, the rate of interest per annum then
                most
                recently established by Payee as its Prime Rate.  The Prime Rate is not
                necessarily the lowest rate charged by Payee on its loans.

               

                         
                            This Note is
                the Term Note provided for in the Agreement.      
Maker shall have the right to prepay, at any time and from time to
                time without
                premium or penalty, the entire unpaid principal balance of this Note
                or any
                portion thereof, any such partial prepayments to be applied in inverse
                order of
                maturity to the last maturing installment(s) of principal.

               

                                     
                Notwithstanding anything to the contrary contained herein, no provisions
                of this
                Note shall require the payment or permit the collection of interest
                in excess of
                the Maximum Rate.  If any excess of interest in such respect is herein
                provided for, or shall be adjudicated to be so provided, in this
                Note or
                otherwise in connection with this loan transaction, the provisions
                of this
                paragraph shall govern and prevail, and neither Maker nor the sureties,
                guarantors, successors or assigns of Maker shall be obligated to
                pay the excess
                amount of such interest, or any other excess sum paid for the use,
                forbearance
                or detention of sums loaned pursuant hereto.  If for any reason interest in
                excess of the Maximum Rate shall be deemed charged, required or permitted
                by any
                court of competent jurisdiction, any such excess shall be applied
                as a payment
                and reduction of the principal of indebtedness evidenced by this
                Note; and, if
                the principal amount hereof has been paid in full, any remaining
                excess shall
                forthwith be paid to Maker.  In determining whether or not the interest
                paid or payable exceeds the Maximum Rate, Maker and Payee shall,
                to the extent
                permitted by applicable law, (i) characterize any nonprincipal payment
                as an
                expense, fee, or premium rather than as interest, (ii) exclude voluntary
                prepayments and the effects thereof, and (iii) amortize, prorate,
                allocate, and
                spread in equal or unequal parts the total amount of interest throughout
                the
                entire contemplated term of the indebtedness evidenced by this Note
                so that the
                interest for the entire term does not exceed the Maximum Rate.

               

                         
                This Note is secured by all security agreements, assignments and
                other writings
                of every kind and nature heretofore, now or hereafter executed by
                Maker or any
                other person to secure any indebtedness of Maker which is now or
                hereafter owing
                to any holder of this Note, whether or not any of such writings describe,
                cover,
                pertain or affect any property, rights or interests which are similar
                or
                dissimilar to any of the following described property, rights or
                interests, and
                whether or not such writings were originally executed or delivered
                to of for the
                benefit of any holder of this Note or executed or delivered to or
                for the
                benefit of any other person and acquired by purchase or otherwise
                by any holder
                of this Note, and whether or not any such lien or security interest
                or other
                interest was created by any then owner of any interest in or to any
                of the
                property, rights or interests which are described in or covered by
                any such
                writing or to which any such writing may pertain or affect.  Maker further
                hereby agrees and consents to all of the terms, provisions, agreements,
                covenants and warranties set forth or contained in all of the security
                agreements, assignments and other writings now or hereafter securing
                or
                pertaining to the loan evidenced by this Note and agrees that all
                of the
                writings now or hereafter securing or pertaining to the loan evidenced
                by this
                Note (and all terms, provisions, agreements, covenants and warranties
                contained
                in such writings) shall be binding in all respects on Maker of this
                Note
                (whether or not Maker has executed such writings) and on the heirs,
                successors,
                legal representatives and assigns of Maker. 

               

                                     
                Upon the occurrence of any Event of Default, as such term is defined
                in the
                Agreement, the holder hereof may, at its option, declare the entire
                unpaid
                principal of and accrued interest on this Note immediately due and
                payable
                without notice, demand or presentment, all of which are hereby waived,
                and upon
                such declaration, the same shall become and shall be immediately
                due and
                payable, and the holder hereof shall have the right to foreclose
                or otherwise
                enforce all liens or security interests securing payment hereof,
                or any part
                hereof, and offset against this Note any sum or sums owed by the
                holder hereof
                to Maker.  Failure of the holder hereof to exercise this option shall not
                constitute a waiver of the right to exercise the same upon the occurrence
                of a
                subsequent Event of Default.  During the continuance of an Event of
                Default, this Note shall bear interest at the Default Rate.

               

                                     
                If the holder hereof expends any effort in any attempt to enforce
                payment of all
                or any part or installment of any sum due the holder hereunder, or
                if this Note
                is placed in the hands of an attorney for collection, or if it is
                collected
                through any legal proceedings, Maker agrees to pay all reasonable
                collection
                costs, expenses and fees incurred by the holder, including reasonable
                attorneys'
                fees.

               

                                     
                This Note shall be governed by and construed in accordance with the
                laws of the
                State of Texas and the applicable laws of the United States of America. 
This Note is performable in Dallas County, Texas.  Any action or proceeding
                under or in connection with this Note against Maker or any other
                party ever
                liable for payment of any sums of money payable on this Note may
                be brought in
                any state or federal court in Dallas County, Texas.  Maker and each such
                other party hereby irrevocably (i) submits to the nonexclusive jurisdiction
                of
                such courts, and (ii) waives any objection it may now or hereafter
                have as to
                the venue of any such action or proceeding brought in such court
                or that such
                court is an inconvenient forum.  Nothing herein shall affect the right of
                Payee to bring any action or proceeding against Maker or any other
                party liable
                hereunder or with respect to any collateral in any state or federal
                court in any
                other Jurisdiction.  Any action or proceeding by Maker or any other party
                liable hereunder against Payee shall be brought only in a court located
                in
                Dallas County, Texas.

               

              
                
                  
                  

                

                
                  -31-

                  
                    

                  

                

                
                  
                  

                

              

                                     
                Maker and each surety, guarantor, endorser, and other party ever
                liable for
                payment of any sums of money payable on this Note jointly and severally
                waive
                notice, presentment, demand for payment, protest, notice of protest
                and
                non-payment or dishonor, notice of acceleration, notice of intent
                to accelerate,
                notice of intent to demand, diligence in collecting, grace, and all
                other
                formalities of any kind, and consent to all extensions without notice
                for any
                period or periods of time and partial payments, before or after maturity,
                and
                any impairment of any collateral securing this Note, all without
                prejudice to
                the holder.  The holder shall similarly have the right to deal in any way,
                at any time, with one or more of the foregoing parties without notice
                to any
                other party, and to grant any such party any extensions of time for
                payment of
                any of said indebtedness, or to release or substitute part or all
                of the
                collateral securing this Note, or to grant any other indulgences
                or forbearances
                whatsoever, without notice to any other party and without in any
                way affecting
                the personal liability of any party hereunder.

               

                         
                            Maker hereby
                authorizes the holder hereof to record in the records of holder hereof
                all
                advances made to Maker hereunder and all payments made on account
                of the
                principal thereof, which records shall be prima facie evidence as
                to the
                outstanding principal amount of this Note; provided, however, any
                failure by the
                holder hereof to make any recordation shall not limit or otherwise
                affect the
                obligations of Maker under the Agreement or this Note.  

               

              (Remainder
                of page intentionally left blank; signature page
                follows)

              
                
                  
                  

                

                
                  -32-

                  
                    

                  

                

                
                  
                  

                

              

            

            BORROWER:

             

            DOUGHERTY’S
              PHARMACY, INC.,

            a
              Texas corporation

             

            By:      
              /s/ David E. Bowe        

            Name: 
              David E. Bowe

            Title:    
              President and Chief Executive Officer

             

            ALVIN
              MEDICINE MAN, LP,

            a
              Texas limited partnership

             

            By:
                 Alvin Medicine Man GP, LLC,

                    
              a Texas limited liability company,

                   
                its General Partner

             

                       
              By:       /s/ David E.
              Bowe        

             

                 
              Name:  David E. Bowe

                 
              Title:    President and Chief Executive Officer

             

            ANGLETON
              MEDICINE MAN, LP,

            a
              Texas limited partnership

             

            By:  
              Angleton Medicine Man GP, LLC,

                    
              a Texas limited liability company,

                    
              its General Partner

             

                    
              By: /s/ David E. Bowe     

             

                    
              Name:  David E. Bowe

                    
              Title:    President and Chief Executive Officer

             

            SANTA
              FE MEDICINE MAN, LP,

            a
              Texas limited partnership

             

            By:  
              Santa Fe Medicine Man GP, LLC,

                 
                 a Texas limited liability company,

                   
                its General Partner 

             

                    
              By:  /s/ David E. Bowe    

                    
              Name:  David E. Bowe

                    
              Title:    President and Chief Executive
              Officer
                                                       

          
             

             -33-

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