Document:

Froelich Note

    Exhibit
      10.7

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    PROMISSORY
      NOTE

    

    

    
      	$125,000.00	
              August
                24, 2006

            

    

    

    

    FOR
      VALUE
      RECEIVED, the undersigned, Gabriel Technologies Corporation, a Delaware
      corporation ("Company"), promises to pay to the order of Randy Froelich
      ("Lender") the principal sum of One Hundred Twenty-Five Thousand Dollars
      ($125,000.00) (the “Principal”),
      plus
      an amount equal to 10% of the Principal (the “Note
      Obligation”).
      All
      payments on this Note shall be due and payable in lawful money of the United
      States of America at 14301 FNB Parkway, Suite 207, Omaha, Nebraska 68154 (or
      such other place as Lender may from time to time designate), at the time
      provided in Section 1 below. Further, the Lender will receive Warrants to
      purchase 50,000 shares of the Company’s common stock at an exercise price of One
      Dollar ($1.00) per share, pursuant to the terms and conditions of a Warrant
      Certificate to be delivered by Company.

    

    1. Payments.
      The
      entire Principal and Note Obligation shall be due and payable on October 24,
      2006; provided, however, that any part or all of the Principal and Note
      Obligation may be voluntarily prepaid in whole or in part at any time. In the
      event that the Note is not paid in full on the Maturity Date, interest will
      accrue on the outstanding balance at a rate of 18% per annum.

    

    2. Security.
      This
      Note is collateralized by all of the assets of the Company. Lender acknowledges
      that its security interest shall be subordinate to pre-existing secured
      indebtedness of the Company.

    

    3. Attorney’s
      Fees.
      If the
      indebtedness represented by this Note or any part thereof is collected in
      bankruptcy, receivership or other judicial proceedings or if this Note is placed
      in the hands of attorneys for collection after default, the Company agrees
      to
      pay, in addition to the principal and interest payable hereunder, reasonable
      attorney’s fees and costs incurred by Lender. 

    

    4. Notices.
      Any
      notice, other communication or payment required or permitted hereunder shall
      be
      in writing and shall be deemed to have been given upon delivery.

    

    5. Waivers.
      The
      Company hereby waives presentment, demand for performance, notice of
      non-performance, protest, notice of protest and notice of dishonor. No delay
      on
      the part of Lender in exercising any right hereunder shall operate as a waiver
      of such right or any other right. This Note shall be construed in accordance
      with the laws of the State of Delaware, without regard to the conflicts of
      laws
      provisions thereof. Any lawsuit or litigation arising under, out of, in
      connection with, or in relation to this Agreement, any amendment thereof, or
      the
      breach thereof, shall be brought in the courts of Omaha, Nebraska, which courts
      shall have exclusive jurisdiction over any such lawsuit or
      litigation.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    6. Assignment.
      This
      Note is not transferable by the Company, whether by sale, pledge or other
      disposition, without the prior written consent of Lender which consent may
      be
      withheld in Lender’s sole discretion, except that the Company may transfer this
      Note without such consent in connection with a merger or other similar
      transaction involving the Company.

    

    7. Delaware
      Law.
      This
      Note shall be governed by and interpreted in accordance with the laws of the
      State of Delaware.

    

    IN
      WITNESS WHEREOF, Gabriel Technologies Corporation has caused this Promissory
      Note to be executed by its officer thereunto duly authorized.

    

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    

    

    By:
       /s/
      Keith R.
      Feilmeier                                        
 

    Keith
      Feilmeier

    Chief
      Executive Officer

     

    

      2Johnson Subscription Agr

    Exhibit
      10.8

     

    SUBSCRIPTION
      AGREEMENT

    

    

    THIS
      SUBSCRIPTION AGREEMENT (this “Agreement”) is made as of the 14th
      day
      of
      September, 2006, between Gabriel Technologies Corporation, a Delaware
      corporation (the “Company”), and the undersigned subscriber
      (“Subscriber”).

    

    RECITALS

    

    WHEREAS,
      the
      Company obtained financing from Subscriber pursuant to (i) that certain
      promissory note dated May 11, 2006, in the original principal sum of $100,000,
      bearing an interest rate of 9% per year (the “Note”); and

    

    WHEREAS,
      as of
      the date hereof, the outstanding principal balance of the Note, combined,
      together with accrued interest was $103,131.57; and

    

    WHEREAS,
      Subscriber desires to surrender and cancel the Notes, to be marked
“paid-in-full” in consideration of the issuance by the Company of an aggregate
      of 103,131 shares (the “Shares” or the “Securities”) of the Company’s common
      stock, par value $0.001 per share (“Common Stock”) (the “Private
      Sale”).

    

    NOW
      THEREFORE, for and in consideration of the mutual representations and covenants
      herein, the parties hereby agree as follows:

    

    1. Subscription
      for Shares

    

    Subject
      to the terms and conditions hereinafter set forth, Subscriber hereby subscribes
      for and irrevocably agrees to accept from the Company the number of Shares
      set
      forth on the signature page hereof, and the Company agrees to delivers such
      Shares to Subscriber, in consideration of cancellation of the Note. The
      certificates evidencing the Shares received by the Subscriber in consideration
      of the cancellation of the Notes will be delivered by the Company to the
      Subscriber as soon as practicable upon receipt of the original Note from
      Subscriber.

    

    2. Representations
      by Subscriber

    

    Subscriber
      understands and agrees that the Company is relying and may rely upon the
      following representations, warranties, and agreements made by Subscriber in
      entering into this Agreement:

    

    2.1 Subscriber
      recognizes that the investment in the Securities involves a high degree of
      risk
      and is suitable only for persons of adequate financial means who have no need
      for liquidity in this investment, in that (a) it may not be possible to
      liquidate the investment in the event of emergency; (b) transferability is
      extremely limited; and (c) in the event of a disposition, a complete loss of
      investment could occur.

    

    2.2 Subscriber
      acknowledges that he (a) is competent to understand and does understand the
      nature of the investment, and (b) is able to bear the economic risk of the
      investment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    2.3 Subscriber
      represents that he is an accredited investor as defined in Rule 501 of
      Regulation D promulgated by the Securities and Exchange Commission (the “SEC”)
      under the Securities Act of 1933, as amended (the “Act”).

    

    2.4 Subscriber
      acknowledges that he has significant prior investment experience, including
      investment in nonlisted and nonregistered securities, and that he has read
      all
      of the documents furnished or made available by the Company to evaluate the
      merits and risks of the investment, recognizes the highly speculative nature
      of
      this investment, and is able to bear the economic risk hereby
      assumed.

    

    2.5. Subscriber
      represents that all information regarding the Company which was requested or
      desired has been furnished; that all other documents which could be reasonably
      provided have been made available for inspection and review; and that the
      Subscriber has been afforded the opportunity to ask questions of and receive
      answers from the Company concerning the terms and conditions of the Private
      Sale
      and any additional information which has been requested.

    

    2.6 Subscriber
      hereby acknowledges that this Private Sale of Securities has not been registered
      with the SEC because it is intended to be a private sale pursuant to Section
      4(2) of the Act.

    

    2.7 Subscriber
      represents that the Securities are being purchased for his or her own account,
      for investment, and not for distribution or resale to others. Subscriber agrees
      that he will not sell, transfer, or otherwise dispose of the Securities or
      any
      portion thereof unless they are registered under the Act or unless an exemption
      from such registration is available.

    

    2.8 Subscriber
      may, with the Company’s written consent, transfer the Securities if such request
      for transfer is accompanied by an opinion of counsel satisfactory to the Company
      that neither the sale nor the proposed transfer of the Securities results in
      a
      violation of the Act or any applicable state “blue sky” laws (collectively, the
“Securities Laws”). Subscriber agrees to hold the Company, its officer and
      directors, and their respective heirs, representatives, successors, and assigns
      harmless and to indemnify them against all liabilities, costs, and expenses
      (including attorneys’ fees) incurred by them as a result of any sale or
      distribution of the Securities by Subscriber in violation of any Securities
      Laws
      or any misrepresentation herein.

    

    2.9 Subscriber
      consents to the placement of a legend on the certificates evidencing the Shares
      stating that they have not been registered under the Act and setting forth
      or
      referring to the restrictions on transferability and sale thereof.

    

    3. Representations
      by the Company

    

    The
      Company represents and warrants to Subscriber as follows:

    

    3.1. The
      Company is a corporation duly organized, existing, and in good standing under
      the laws of Delaware and has the corporate power to conduct its
      business.

    

    3.2. The
      execution, delivery, and performance of this Agreement by the Company has been
      duly approved by the Board of Directors of the Company.

    

    3.3. The
      Securities have been duly and validly authorized and the Shares will be duly
      and
      validly authorized and issued, fully paid, and non-assessable.

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    4. Investment
      Restrictions

    

    4.1 Subscriber
      acknowledges that there is a very limited public market for the Shares.
      Subscriber understands that, absent registration under the Act, the Securities
      generally may only be publicly sold pursuant to Rule 144 (the “Rule”)
      promulgated under the Act. The Rule permits, subject to all of its terms and
      conditions, the public resale (in limited amounts) of securities acquired in
      nonpublic offerings without having to satisfy the registration requirements
      of
      the Act. Accordingly, Subscriber recognizes that, notwithstanding the existence
      of a public market for the Shares, he may not be able to take advantage of
      the
      resale provisions of the Rule and may be unable to publicly offer or sell any
      of
      the Securities.

    

    4.2 Underwriting
      Requirements. In connection with any underwritten public offering, the Company
      shall not be required to include any of the Securities subscribed for hereunder
      in such underwriting unless the Subscriber accepts the terms of the underwriting
      as agreed upon between the Company and the underwriters for the offering (which
      underwriters shall be selected by the Company).

    

    5. Notices
      to Subscriber

    

    5.1 THE
      SECURITIES HAVE NOT BEEN REGISTERED UNDER THE ACT AND ARE BEING OFFERED AND
      SOLD
      IN RELIANCE ON AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE ACT.
      THE
      SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR OTHER REGULATORY
      AUTHORITY, NOR HAVE ANY OF THE FOREGOING AUTHORITIES PASSED UPON OR ENDORSED
      THE
      MERITS OF THE OFFERING. ANY REPRESENTATION TO THE CONTRARY IS
      UNLAWFUL.

    

    5.2 The
      Securities are subject to restrictions on transferability and resale and may
      not
      be transferred or resold except as permitted under the Act and applicable state
      securities laws, pursuant to registration or exemption therefrom.

    

    6. Miscellaneous

    

    6.1 Any
      notice or other communication given hereunder shall be deemed sufficient if
      in
      writing and sent by registered or certified mail, return receipt requested,
      overnight mail or courier, or telecopier, addressed to the Company at 4538
      S.
      140th
      Street,
      Omaha, Nebraska, 68137, and to each Subscriber at the address indicated on
      the
      signature page hereof. Notices shall be deemed to have been given on the date
      of
      mailing, except notices of change of address, which shall be deemed to have
      been
      given when received.

    

    6.2 This
      Agreement shall not be changed, modified, or amended except by a writing signed
      by the party to be charged, and this Agreement may not be discharged except
      by
      performance in accordance with its terms or by a writing signed by the party
      to
      be charged.

    

    6.3 This
      Agreement shall be binding upon and inure to the benefit of the parties hereto
      and to their respective heirs, legal representatives, successors, and assigns.
      This Agreement sets forth the entire agreement and understanding between the
      parties as to the subject matter thereof and merges and supersedes all prior
      discussions, agreements, and understandings of any and every nature between
      them. Subscriber acknowledges and agrees that the Company is making no
      representations in connection with the purchase and sale of the Securities
      except as expressly set forth herein.

    
      
        
        

      

      
        3

        
          

        

      

      
        
        

      

    

    6.4 This
      Agreement and its validity, construction and performance shall be governed
      in
      all respects by the laws of Delaware applicable to agreements to be performed
      wholly within Delaware, without regard to its conflicts of laws
      provisions.

    

    6.5 This
      Agreement may be executed in counterparts. Upon the execution and delivery
      of
      this Agreement by the Subscriber this Agreement shall become a binding
      obligation of the Subscriber with respect to the purchase of the Securities
      as
      herein provided.

    

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

    

    Subscriber:

    

    

    /s/
      Harold
      Johnson                                   
 

    Harold
      Johnson

    Number
      of
      Shares:   103,131

    Address: 

     

    

      4

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