Document:

cellynx_ex1010.htm

    Exhibit 10.10

     

    
      CONSULTING
AGREEMENT

      

      This Consulting Agreement (“Agreement”)
is made as of July __, 2008 by and between Kevin Pickard, whose address is
______________________________ (the “Consultant”), and Cellynx, Inc., whose
address is 5047 Robert J Mathews Parkway, Suite 400, El Dorado Hills, California
95762 (the “Company”), in reference to the following:

      

      RECITALS

      

      A.           The
Company wishes to retain the Consultant, and the Consultant has agreed to be
retained by the Company, to serve as the Company’s interim Chief Financial
Officer a period of 90 days or until the Company retains a permanent Chief
Financial Officer.

      

      NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the Company and the Consultant agree as follows:

      

      AGREEMENT

      

      1.           Term.  The
Company retains the Consultant and the Consultant accepts this appointment with
the Company for a period beginning on the date of this Agreement and ending on
the earlier of (i) the date that the Company retains a permanent Chief Financial
Officer, (ii) the 90th day after the closing of the share exchange transaction
between Norpac Technologies, Inc., a Nevada corporation (“Pubco”) and the
shareholders of the Company pursuant to which the Company shall be a
wholly-owned subsidiary of Pubco, or (iii) the date which the Company notifies
Consultant that he has been terminated in writing, and which notification may
occur at any time for any reason  (the “Term”).

      

      
        2.          
Duties of
Consultant. The Consultant agrees as
an interim Chief Financial Officer of the Company.  These services
include preparation of financial statements and other financial data;
preparation of quarterly and annual reports with the Securities and Exchange
Commission; and other services customarily performed by a Chief Financial
Officer of a public-reporting company.

      

      

      3.           Compensation.  As
an inducement to enter into this Agreement and perform the services, the Company
shall grant to the Consultant 100,000 shares of the Company’s common stock upon
execution of this Agreement and $5,000 in cash.  The cash portion
shall be paid within 30 days of this Agreement.

      

      4.           Nondisclosure.

      

      4.1           Access to Confidential
Information.  The Consultant agrees that during the term of the
business relationship between the Consultant and the Company, the Consultant
will have access to and become acquainted with confidential proprietary
information (“Confidential Information”) which is owned by the Company and is
regularly used in the operation of the Company’s business.  The
Consultant agrees that the term “Confidential Information” as used in this
Agreement is to be broadly interpreted and includes (i) information that has, or
could have, commercial value for the business in which the Company is engaged,
or in which the Company may engage at a later time, and (ii) information that,
if disclosed without authorization, could be detrimental to the economic
interests of the Company.  The Consultant agrees that the term
“Confidential Information” includes, without limitation, any patent, patent
application, copyright, trademark, trade name, service mark, service name,
“know-how,” negative “know-how,” trade secrets, customer and supplier
identities, characteristics and terms of agreements, details of customer or
consultant contracts, pricing policies, operational methods, marketing plans or
strategies, product development techniques or plans, business acquisition plans,
science or technical information, ideas, discoveries, designs, computer programs
(including source codes), financial forecasts, unpublished financial
information, budgets, processes, procedures, formulae, improvements or other
proprietary or intellectual property of the Company, whether or not in written
or tangible form, and whether or not registered, and including all memoranda,
notes, summaries, plans, reports, records, documents and other evidence
thereof.  The Consultant acknowledges that all Confidential
Information, whether prepared by the Consultant or otherwise acquired by the
Consultant in any other way, shall remain the exclusive property of the
Company.

       

      
        
           

        

        
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      4.2           No Unfair Use by
Consultant.  The Consultant promises and agrees that the
Consultant (which shall include his Consultants and contractors) shall not
misuse, misappropriate, or disclose in any way to any person or entity any of
the Company’s Confidential Information, either directly or indirectly, nor will
the Consultant use the Confidential Information in any way or at any time except
as required in the course of the Consultant’s business relationship with the
Company.  The Consultant agrees that the sale or unauthorized use or
disclosure of any of the Company’s Confidential Information constitutes unfair
competition.  The Consultant promises and agrees not to engage in any
unfair competition with the Company and will take measures that are appropriate
to prevent his Consultants or contractors (if any) from engaging in unfair
competition with the Company.

      

      4.3           Further Acts.  The
Consultant agrees that, at any time during the term of this Agreement or any
extension thereof, upon the request of the Company and without further
compensation, but at no expense to the Consultant, the Consultant shall perform
any lawful acts, including the execution of papers and oaths and the giving of
testimony, that in the opinion of the Company, its successors or assigns, may be
necessary or desirable in order to obtain, sustain, reissue and renew, and in
order to enforce, perfect, record and maintain, patent applications and United
States and foreign patents on the Company’s inventions, and copyright
registrations on the Company’s inventions.

      

      4.4           Obligations Survive
Agreement.  The Consultant’s obligations under this section 4
shall survive the expiration or termination of this Agreement.

      

      5.           Termination.

      

      5.1           Termination on
Default.  Should either party default in the performance of
this Agreement or materially breach any of its provisions, the non-breaching
party may terminate this Agreement by giving written notification to the
breaching party.  Termination shall be effective immediately on
receipt of said notice.  For purposes of this section, material
breaches of this Agreement shall include, but not be limited to, (i) the failure
by the Company to pay the compensation set forth in section 3 above; (ii) the
willful breach or habitual neglect by the Consultant of the duties which he is
required to perform under the terms of this Agreement; (iii) the Consultant’s
commission of acts of dishonesty, fraud, or misrepresentation; (iv) the failure
by the Consultant to conform to all laws and regulations governing the
Consultant’s duties under this Agreement; or (v) the commission by the
Consultant of any act that tends to bring the Company into public scandal or
which will reflect unfavorably on the reputation of the Company.

       

      
        
           

        

        
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      5.2           Automatic
Termination.  This Agreement terminates automatically on the
occurrence of any of the following events:  (i) the bankruptcy or
insolvency of either party; or (ii) the death or disability of the
Consultant.

      

      5.3           Return of Company
Property.  Upon the termination or expiration of this
Agreement, the Consultant shall immediately transfer to the Company all files
(including, but not limited to, electronic files), records, documents, drawings,
specifications, equipment and similar items in his possession relating to the
business of the Company or its Confidential Information (including the work
product of the Consultant created pursuant to this Agreement, if
any).

      

      6.           Status of
Consultant.  The Consultant understands and agrees that he is
not an Consultant of the Company and that he shall not be entitled to receive
Consultant benefits from the Company, including, but not limited to, sick leave,
vacation, retirement, death benefits, or an automobile.  The
Consultant shall be responsible for providing, at the Consultant’s expense and
in the Consultant’s name, disability, worker’s compensation or other insurance
as well as licenses and permits usual or necessary for conducting the services
hereunder.  Furthermore, the Consultant shall pay, when and as due,
any and all taxes incurred as a result of the Consultant’s compensation
hereunder, including estimated taxes, and shall provide the Company with proof
of said payments, upon demand.  The Consultant hereby agrees to
indemnify the Company for any claims, losses, costs, fees, liabilities, damages
or injuries suffered by the Company arising out of the Consultant’s breach of
this section.

      

      7.           Representations
by Consultant.  The Consultant
represents that the Consultant has the qualifications and ability to perform the
services in a professional manner.

      

      8.           Notices.  Unless
otherwise specifically provided in this Agreement, all notices or other
communications (collectively and severally called “Notices”) required or
permitted to be given under this Agreement, shall be in writing, and shall be
given by: (A) personal delivery (which form of Notice shall be deemed to have
been given upon delivery), (B) by telegraph or by private airborne/overnight
delivery service (which forms of Notice shall be deemed to have been given upon
confirmed delivery by the delivery agency), or (C) by electronic or facsimile or
telephonic transmission, provided the receiving party has a compatible device or
confirms receipt thereof (which forms of Notice shall be deemed delivered upon
confirmed transmission or confirmation of receipt).  Notices shall be
addressed to the address set forth in the introductory section of this
Agreement, or to such other address as the receiving party shall have specified
most recently by like Notice, with a copy to the other party.

      

      9.           Choice of
Law and Venue.  This Agreement shall be governed according to
the laws of the state of California.  Venue for any legal or equitable
action between the Company and the Consultant that relates to this Agreement
shall be in the county of Orange.

      

      10.           Entire
Agreement.  This Agreement supersedes any and all other
agreements, either oral or in writing, between the parties hereto with respect
to the services to be rendered by the Consultant to the Company and contains all
of the covenants and agreements between the parties with respect to the services
to be rendered by the Consultant to the Company in any manner
whatsoever.  Each party to this agreement acknowledges that no
representations, inducements, promises, or agreements, orally or otherwise, have
been made by any party, or anyone acting on behalf of any party, which are not
embodied herein, and that no other agreement, statement, or promise not
contained in this Agreement shall be valid or binding on either
party.

       

      
        
           

        

        
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      11.           Counterparts.  This
Agreement may be executed manually or by facsimile signature in two or more
counterparts, each of which shall be deemed an original, and all of which
together shall constitute but one and the same instrument.

      

      12.           Arbitration. Any controversy, dispute or
claim of whatever nature arising out of, in connection with or relating to this
Agreement or the interpretation, meaning, performance, breach or enforcement
thereof, including any controversy, dispute or claim based on contract, tort, or
statute, and including without limitation claims relating to the validity of
this Agreement, shall be resolved at the request of either party to this
Agreement by binding arbitration conducted at a location determined by the
arbitrator in Orange, California, administered by and in accordance with the
then existing Rules of Practice and Procedure of J*A*M*S/Endispute, Inc.
(J·A·M·S), and judgment upon any award rendered by the arbitrator(s) may be
entered by any State or Federal Court having jurisdiction
thereof.  Either party may commence such proceeding by giving notice
to the other party in the manner provided in paragraph 8 of this
Agreement.  Upon filing a demand for arbitration, all parties to the
Agreement will have right of discovery to the maximum extent provided by law for
actions tried before a court, and both agree that in the event of an
arbitration, disputes as to discovery shall be determined by the
arbitrator(s).  The arbitrator(s) in any such proceeding shall apply
California substantive law and the California Evidence Code to the
proceeding.  The arbitrator(s) shall have the power to grant all legal
and equitable remedies and award damages provided by California
law.  The arbitrator(s) shall prepare in writing and provide to the
parties an award including findings of fact and conclusions of
law.  The arbitrator(s) shall not have the power to commit errors of
law or legal reasoning, and the award may be vacated or corrected pursuant to
California Code of Civil Procedure §§1286.2 or 1286.6 for any such
error.  Each party shall bear his or its expenses, costs and attorney
fees relating to the arbitration and recovery under any order and/or judgment
rendered therein, including one-half the arbitrator(s) fees.  The
parties hereto hereby submit to the exclusive jurisdiction of the courts of the
State of California for the purpose of enforcement of this agreement to
arbitrate and any and all awards or orders rendered pursuant
thereto.

      

      13.           Severability.  If any term or
provision of this Agreement or the application thereof to any person or
circumstance shall, to any extent, be determined to be invalid, illegal or
unenforceable under present or future laws effective during the term of this
Agreement, then and, in that event: (A) the performance of the offending term or
provision (but only to the extent its application is invalid, illegal or
unenforceable) shall be excused as if it had never been incorporated into this
Agreement, and, in lieu of such excused provision, there shall be added a
provision as similar in terms and amount to such excused provision as may be
possible and be legal, valid and enforceable, and (B) the remaining part of this
Agreement (including the application of the offending term or provision to
persons or circumstances other than those as to which it is held invalid,
illegal or unenforceable) shall not be affected thereby and shall continue in
full force and effect to the fullest extent provided by law.

      

      14.           Preparation
of Agreement.  It is
acknowledged by each party that such party either had separate and independent
advice of counsel or the opportunity to avail itself or himself of
same.  In light of these facts it is acknowledged that no party shall
be construed to be solely responsible for the drafting hereof, and therefore any
ambiguity shall not be construed against any party as the alleged draftsman of
this Agreement.

       

      
        
           

        

        
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      15.           No
Assignment of Rights or Delegation of Duties by Consultant; Company’s Right to
Assign.  The Consultant’s
rights and benefits under this Agreement are personal to him and therefore no
such right or benefit shall be subject to voluntary or involuntary alienation,
assignment or transfer.  The Company may assign its rights and
delegate its rights and obligations under this Agreement to any other person or
entity, including without limitation, Pubco.

      

      16.           Counterparts.  This Agreement
may be executed in counterparts, each of which shall be deemed an original, and
all of which together shall constitute one and the same instrument, binding on
all parties hereto.  Any signature page of this Agreement may be
detached from any counterpart of this Agreement and reattached to any other
counterpart of this Agreement identical in form hereto by having attached to it
one or more additional signature pages.

      

      17.           Electronically
Transmitted Documents.  If a copy or counterpart of this
Agreement is originally executed and such copy or counterpart is thereafter
transmitted electronically by facsimile or similar device, such facsimile
document shall for all purposes be treated as if manually signed by the party
whose facsimile signature appears.

      

      18.           Non-Competition
During the Employment Period.  Consultant acknowledges and
agrees that given the extent and nature of the confidential and proprietary
information he will obtain during the course of his employment with the Company,
it would be inevitable that such confidential information would be disclosed or
utilized by the Consultant should he obtain employment from, or otherwise become
associated with, an entity or person that is engaged in a business or enterprise
that directly competes with the Company.  Consequently, during any
period for which Consultant is receiving payments from the Company, Consultant
shall not, without prior written consent of the Company’s Board of Directors,
directly or indirectly own, manage, operate, join, control or participate in the
ownership, management, operation or control of, or be employed by or connected
in any manner with, any enterprise which is engaged in any business competitive
with or similar to that of the Company; provided, however, that such restriction
shall not apply to any passive investment representing an interest of less than
two percent (2%) of an outstanding class of publicly-traded securities of any
Company or other enterprise which is not, at the time of such investment,
engaged in a business competitive with the Company’s business.

      

      19.           Non-solicitation.  Because of the
nature of Consultant’s work for the Company, Consultant’s solicitation or
serving of certain customers, clients and vendors related to Consultant’s work
for the Company would necessarily involve the proprietary relationships and
goodwill of the Company.  Accordingly, for one (1) year following the
termination of Consultant’s services with the Company for any reason, Consultant
shall not, directly or indirectly, solicit, induce, or attempt to solicit or
induce, any person or entity then known to be a customer or client or vendor
(except for Pickard & Co. which Consultant is already affiliated with) of
the Company, for whom or, on whose behalf, Consultant, during the 90 day period
immediately preceding the termination of Consultant’s employment, (1) performed
any work or services, or (2) participated the preparation of any proposal to
provide such work or services (a “Restricted Customer/Client/Vendor”), to
terminate his, her or its relationship with the Company for any purpose,
including the purpose of associating with or becoming a customer, client or
vendor, whether or not exclusive, of Consultant or any entity of which
Consultant is or becomes an officer, director, member, agent, Consultant or
consultant, or otherwise solicit, induce, or attempt to solicit or induce, any
Restricted Customer/Client/Vendor to terminate his, her or its relationship with
the Company for any other purpose or no purpose.  During Consultant’s
service with the Company and for one (1) year thereafter, Consultant shall not,
directly or indirectly, solicit, induce, or attempt to solicit or induce, any
person known to Consultant to be an employee or contractor of the Company to
terminate his, her or its employment or other relationship with the
Company.

       

      
        
           

        

        
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      WHEREFORE, the parties have
executed this Consulting Agreement on the date first written above.

      

      “CONSULTANT”

      

      

      

      ________________________________________

      Kevin Pickard

      

      

      “COMPANY”

      Cellynx, Inc.

      

      

      

      By:___________________________________

      Daniel Ash

      Chief Executive Officer

       

       

       

       

       

       

       

       

       

       

       

       

       

       

       

      5cellynx_ex1011.htm

    EXHIBIT 10.11

     

    THIS
NOTE AND THE SECURITIES ISSUABLE UPON THE CONVERSION HEREOF HAVE NOT BEEN
REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THEY MAY NOT BE SOLD,
OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE
REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN OPINION OF
COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT
REQUIRED.

     

    CELLYNX,
INC.

     

    CONVERTIBLE
PROMISSORY NOTE

    
    

     

    
      	$20,000.00 	
              Issue Date: March 27
      2007

            
	 	
              Laguna Niguel,
      California

            

    

     

    FOR VALUE
RECEIVED, Cellynx, Inc., a California corporation (the "Company") promises
to pay to Daniel Ash ("Investor"), or
its registered assigns, in lawful money of the United States of America, the
principal sum of $20,000.00, or such lesser amount as shall equal the
outstanding principal amount hereof, together with interest from the date of
this Convertible Promissory Note ("Note") on
the unpaid principal balance at a rate equal to 4.00% per annum, computed on the
basis of the actual number of days elapsed and a year of 365 days. All unpaid
principal, together with any then unpaid and accrued interest and any other
amounts payable hereunder, shall be due and payable on the earlier of (i) that
date which is two years after the Issue Date listed above (the "Maturity
Date"), or
(ii) when, upon or after the occurrence of an Event of Default (as defined
below), such amounts are declared due and payable by Investor or made
automatically due and payable in accordance with the terms hereof.

     

    The
following is a statement of the rights of Investor and the conditions to which
this Note is subject, and to which Investor, by the acceptance of this Note,
agrees:

     

    1.  Definitions.
As used in this Note, the following capitalized terms have the following
meanings:

     

    (a)  "Obligations"
shall
mean and include all
loans, advances, debts, liabilities and obligations, howsoever arising, owed by
the Company to Investor of every kind and description (whether or not evidenced
by any note or instrument and whether or not for the payment of money), now
existing or hereafter arising under or pursuant to the terms of this Note,
including, all interest, fees, charges, expenses, attorneys' fees and costs and
accountants' fees and costs chargeable to and payable by the Company hereunder,
in each case, whether direct or indirect, absolute or contingent, due or to
become due, and whether or not arising after the commencement of a proceeding
under Title 11 of the United States Code (11 U. S.
C. Section 101 et
seq.),
as amended from time to time (including post-petition interest)
and whether or not allowed or allowable as a claim in any such
proceeding.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)  "Person" shall mean and
include an individual, a partnership, a corporation (including a business
trust), a joint stock company, a limited liability company, an unincorporated
association, a joint venture or other entity or a governmental
authority.

     

    (c)  "Securities Act" shall mean
the Securities Act of 1933, as amended.

     

    2.  Prepayment. The
Company may prepay this Note in whole or in part at any time without
penalty;
provided that any such prepayment will be applied first to the payment of
expenses due under this Note, second to interest accrued on this Note and third,
if the amount of prepayment exceeds the amount of all such expenses and accrued
interest, to the payment of principal of this Note.

     

    3.  Events
of Default. The
occurrence of any of the following shall constitute an "Event
of Default"
under this Note:

     

    (a)  Failure
to Pay. The Company shall fail to pay (1) when due any principal or
interest payment on the due date hereunder or (ii) any other payment required
under the terms of this Note on the date due and such payment shall not have
been made within five days of the Company's receipt of investor's written notice
to the Company of such failure to pay;

     

    (b)  Voluntary
Bankruptcy or Insolvency Proceedings. The Company shall (i) apply for or
consent to the appointment of a receiver, trustee, liquidator or custodian of
itself or of all or a substantial part of its property, (ii) be unable, or admit
in writing its inability, to pay its debts generally as they mature, (iii) make
a general assignment for the benefit of its or any of its creditors, (iv) be
dissolved or liquidated, (v) become insolvent (as such term may be defined or
interpreted under any applicable statute), (vi) commence a voluntary case or
other 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 consent to any such relief or to the
appointment of or taking possession of its property by any official in
an involuntary case or other proceeding commenced against it, or (vii)
take any action for the purpose of effecting any of the foregoing;
or

     

    (c)  Involuntary
Bankruptcy or Insolvency Proceedings. Proceedings for the appointment of
a receiver, trustee, liquidator or custodian of the Company or of all or a
substantial part of the property thereof, or an involuntary case or other
proceedings seeking liquidation, reorganization or
other relief with respect to the Company or the debts thereof under any
bankruptcy, insolvency or other similar law now or hereafter in effect shall be
commenced and an order for relief entered or such proceeding shall not be
dismissed or discharged within 30 days of commencement.

     

    4.  Rights
of Investor upon Default. Upon the occurrence or existence of any Event
of Default described in Section
3(a) and
at any time thereafter during the continuance of such Event of Default,
Investor may, by written notice to the Company, declare all outstanding
Obligations payable by the Company hereunder to be immediately due and payable
without presentment, demand, protest or any other notice of any kind, all of
which are hereby expressly waived. Upon the occurrence or
existence of any Event of Default described in Sections 3(b)
and 3(c),
immediately and without notice, all outstanding Obligations immediately
due and payable, without presentment, demand, protest or any other notice of
any kind, all of which are
hereby expressly waived. In addition to the foregoing remedies, upon the
occurrence or existence of any Event of Default, Investor may exercise any other
right power or remedy granted to it by law, either by suit in equity or by
action at law, or both.

     

    
      
        
        

      

      
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    5.  Conversion.

     

    (a)  Optional
Conversion; Number of Shares Issuable Upon Conversion. All or a portion
of the outstanding principal amount of and all accrued interest under this Note
shall be convertible at the option of the Investor into that number of shares of
the Company's Common Stock as is determined by dividing the principal amount and
accrued interest on the date of conversion by $0.01 per share (adjusted to
reflect subsequent stock dividends, stock splits, combinations or
recapitalizations).

     

    (b)  Conversion
Procedure. Before Investor shall be entitled to convert this Note into
shares of Common Stock under this Section 5, the Investor shall,
at the request of the Company, execute and deliver to the Company a common stock
purchase agreement reasonably acceptable to the Company containing customary
representations and warranties and transfer restrictions (including a 180-day
lock-up agreement in connection with an initial public offering). In addition,
before Investor shall be entitled to convert this Note into shares of Common
Stock under this Section
5, it shall surrender this Note, duly endorsed, at the office of the
Company and shall give written notice to the Company at its principal corporate
office, of the election to convert the same pursuant to this Section 5, and shall state
therein the amount of the unpaid principal amount of this Note to be converted
and the name or names in which the certificate
or certificates
for shares of Common Stock are to be issued. If this Note has been lost, stolen,
destroyed or mutilated, then, in the case of loss, theft or destruction, the
Holder shall deliver an indemnity agreement reasonably satisfactory in form and
substance to the Company or, in the case of mutilation, the Holder shall
surrender and cancel this Note. The Company shall, as soon as practicable
thereafter, issue and deliver at such office to Investor a certificate or
certificates for the number of shares of Common Stock to which Investor shall be
entitled upon conversion (bearing such legends as are required by the common
stock purchase agreement, and applicable state and federal securities laws in
the opinion of counsel to the Company), together with a replacement Note (if any
principal amount is not converted) and any other securities and property to
which Investor is entitled upon such conversion under the terms of this Note,
including a check payable to Investor for any cash amounts payable as described
in Section 5(c). The conversion shall be deemed to have been made immediately
prior to the close of business on the date of the surrender of this Note, and
the Person or Persons entitled to receive the shares of Common Stock upon such
conversion shall be treated for all purposes as the record Investor or Investors
of such shares of Common Stock as of
such date.

     

    (c)  Fractional
Shares; Interest; Effect of Conversion. No fractional shares shall be
issued upon conversion of this Note. In lieu of the Company issuing any
fractional shares to Investor upon the conversion of this Note, the Company
shall pay to Investor an amount equal to the product obtained by multiplying the
conversion price by the fraction of a share not issued pursuant to the previous sentence. Upon conversion
of this Note in full and the payment of any amounts specified in this Section
5(c), the Company
shall be forever released from all its obligations and liabilities under this
Note.

     

    6.  Successors
and Assigns. Subject to the restrictions on transfer described in Sections 8 and 9 below, the rights
and obligations of the Company and Investor shall be binding upon and benefit
the successors, assigns, heirs, administrators and transferees of the
parties.

     

    7.  Waiver
and Amendment. Any provision of this Note may be amended, waived or
modified upon the written consent of the Company and the Investor.

     

    
      
        
        

      

      
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    8.  Market
Stand-Off Covenant. Investor hereby agrees that it. will not, without the
prior written consent of the managing underwriter, during the period commencing
on the date of the final prospectus relating to the Company's initial public
offering and ending on the date specified by the Company and the managing
underwriter (such period not to exceed one hundred eighty (180) calendar days)
(i) lend, offer, pledge, sell, contract to sell, sell any option or contract to
purchase, purchase any option or contract to sell,
grant: any option, right or warrant to purchase, or otherwise transfer or
dispose of, directly or indirectly, any securities of the Company, whether now
owned or hereafter acquired, or (ii) enter into any swap or other arrangement
that transfers to another, in whole or in part, any of the economic consequences
of ownership of any securities of the Company, whether now owned or hereafter
acquired, whether any such transaction described in clause (i) or (ii) above is
to be settled by delivery of securities, in cash or otherwise. The foregoing
covenants shall apply only to the Company's initial public offering of equity
securities, shall not apply to the sale of any shares by Investor to an
underwriter pursuant to an underwriting agreement. Investor agrees to execute an
agreement(s) reflecting (i) and (ii) above as may be requested by the managing
underwriters at the time of the initial public offering, and further agrees that
the Company may impose stop transfer instructions with its transfer agent in
order to enforce the covenants in (i) and (ii) above. The underwriters in
connection with the Company's initial public offering are intended third party
beneficiaries of the covenants in this Section 8 and shall
have the right, power and authority to enforce such covenants as though they
were a party hereto.

     

    9.  Assignment.
Neither this Note nor any of the rights, interests or obligations
hereunder may be assigned, by operation of law or otherwise, in whole or in
part, by the Company or the Investor without the prior written consent of the
other party.

     

    10.  Notices.
All notices, requests, demands, consents, instructions or other
communications required or permitted hereunder shall in writing and faxed,
mailed or delivered to each party at the following addresses, or at such other
address(es) or facsimile number(s) as the Company or Investor shall have
furnished to the other in writing:

     

    
      
        
          	
                  If to
      Company: 

                	27795 Country Lane,
      Suite B1 
	 	Laguna Niguel,
      California 92677 

                  Attention:
      President

                  Telephone:
      (949) 305-5389 

                  
                    Facsimile:
      (949) 305-5718

                  

                
	 	 
	If to
      Investor:   	__________________________
	 	
                  __________________________

                  Telephone:
      _________________

                  
                    Facsimile:
      __________________

                  

                

        

         

      

    

    All such
notices and communications will be deemed effectively given the earlier of (i)
when received, (ii) when delivered personally, (iii) one business day after
being delivered by facsimile (with receipt of appropriate confirmation), (iv)
one business day after being deposited with an overnight courier service of
recognized standing or (v) four days after being deposited in the U.S. mail, first class with
postage prepaid.

     

    
      
        
        

      

      
        -4-

        
          

        

      

      
        
        

      

       

    

    11.  Usury. In
the event any interest is paid on this Note which is deemed to be in excess of
the then legal maximum rate, then that portion of the interest payment
representing an amount in excess of the then legal maximum rate shall be deemed
a payment of principal and applied against the principal of this
Note.

     

    12.  Waivers.
The Company hereby waives notice of default, presentment or demand for
payment, protest or notice of nonpayment or dishonor and all other notices or
demands relative to this instrument.

     

    13.  Governing
Law. This
Note and all actions arising out of or in connection with this Note shall be
governed by and construed in accordance with the laws of the State of
California, without regard to the conflicts of law provisions of the State of
California, or of any other state.

     

     

    (Signature Page
Follows)

     

     

    
      
        
        

      

      
        -5-

        
          

        

      

      
        
        

      

    

     

    The
Company has caused this Convertible Promissory Note to be issued as of the date
first written above.

     

    
      
         

        
          	 	
                  CELLYNX,
      INC.

                  a
      California corporation 

                
	 	 
	 	By:       /s/
      Tareq
      Risheq                       
      
	 	 
	 	Name:  Tareq
      Risheq                             
      
	 	 
	 	Title:    CEO                                            
      
	 	 

        

         

         

         

        -6-

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