Document:

Exhibit 10.1

 

Subsequent Term Note

 

For good value, on this date of May 20 , 2013, Lucid, Inc. (“Borrower”)
promises to pay to the order of Northeast LCD Capital, LLC (“Lender”) and Northeast LCD Capital, LLC unconditionally
promises to lend to Lucid, Inc. the sum of Five Million ($5,000,000.) Dollars, together with interest at the rate of 7% per annum
on the unpaid balance, paid in the following manner:

 

Payments shall be first applied to interest and the balance to principal.
This note may be prepaid at any time, in whole or in part, without penalty. This note shall, at the option of any holder hereof,
be due and payable upon the:

 

1.        Failure to make payment of principal and interest by the maturity
date which is eighteen months from the above date.

 

2.        Breach of the Loan and Security Agreement dated as of July
5, 2012 among Lucid, Inc. as Borrower and Northeast LCD Capital, LLC as Lender.

 

3.        Death, incapacity, dissolution or liquidation of any of the
undersigned, or any endorser, guarantor or surety.

 

4.        Filing by Borrower of an assignment for the benefit of creditors,
bankruptcy or other form of insolvency, or by suffering an involuntary petition in bankruptcy or receivership not vacated within
sixty (60) days.

 

If this note shall be in default and placed for collection, the
Borrower shall pay all reasonable attorney fees and costs of collection.

 

Payments shall be made to such address as may from time to time
be designated by any holder.

 

Grant of Security Interest. Borrower hereby grants Lender, for the
benefit of itself, to secure the payment and performance in full of all of the Obligations, a continuing security interest in,
and pledges to Lender, for the benefit of itself the Collateral, wherever located, whether now owned or hereafter acquired or arising,
and all proceeds and products thereof.

 

Priority of Security Interest. Borrower represents,
warrants, and covenants that the security interest granted herein is and shall at all times continue to be a first priority perfected
security interest in the Collateral (subject only to Permitted Liens that expressly have superior priority to Lender’s Lien
under this Agreement) along with the first priority perfected security interest from the July 5, 2012 Loan and Security Agreement.
If Borrower shall acquire a commercial tort claim, Borrower shall promptly notify Lender in a writing signed by Borrower of the
general details thereof and grant to Lender in such writing a security interest therein and in the proceeds thereof, all upon the
terms of this Agreement, with such writing to be in form and substance reasonably satisfactory to Lender.

 

If this Agreement is terminated, Lender’s Lien in the Collateral
shall continue until the Obligations (other than inchoate indemnity obligations) are repaid in full in cash. Upon payment in full
in cash of the Obligations (other than inchoate indemnity obligations), Lender shall, at Borrower’s sole cost and expense,
release its Liens in the Collateral and all rights therein shall revert to Borrower.

 

The Borrower and any successors shall remain fully bound until this
note is paid and waive demand, presentment and protest and all notices thereto and further agree to remain bound, notwithstanding
any extension, modification, waiver, or other indulgence or discharge or release of any obligor hereunder or exchange, substitution,
or release of any collateral granted as security for this note. No modification or indulgence by any holder hereof shall be binding
unless in writing; and any indulgence on any one occasion shall not be an indulgence for any other or future occasion. The rights
of any holder hereof shall be cumulative and not necessarily successive. This note shall take effect as a sealed instrument and
be governed and enforced in accordance with the laws of the State of New York.

 

Dated: May 20, 2013 

 

	Borrower: Lucid, Inc.	 	Lender: Northeast LCD Capital, LLC
	 	 	 
	By:	/s/ L. Michael Hone	 	By: 	/s/ C. Wesley Crowell 
	 	L. Michael Hone	 	 	C. Wesley Crowell
	 	Chief Executive Officer	 	 	ManagerExhibit 10.2

 

INTERCREDITOR AND PARTICIPATION
AGREEMENT

 

Agreement made and entered into this day by
and between NORTHEAST LCD CAPITAL, LLC, a Maine limited liability company ("Lender" and “Subsequent Lender”)
and LUCID, INC., a New York corporation ("Borrower"). In consideration of the mutual covenants contained herein,
and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereby agree
as follows:

 

1.        Reference is made to a certain Loan And Security Agreement
dated as of July 5, 2012, executed between Borrower and Lender (the "Security Agreement"). Said Security Agreement secures
an original principal amount of $7,000,000.00.

 

2.        Provision “2.2 ("Term Loans") (b)”
of the Security Agreement provides that additional lenders ("Subsequent Lenders") may make additional loans ("Subsequent
Term Loans") to Borrower. Each Subsequent Lender of a Subsequent Term Loan shall become a party to the Security Agreement
as a Subsequent Lender thereunder.

 

3.        Northeast LCD Capital, LLC, as a Subsequent Lender, is
making a Subsequent Term Loan to Borrower in the amount of $5,000,000 as evidenced by a Term Note dated May 20, 2013. Pursuant
to this Intercreditor and Participation Agreement, the $5,000,000.00 Subsequent Term Loan shall be included in and secured by the
Security Agreement and all provisions thereof apply to this Subsequent Term Loan.

 

4.        The parties agree that any Intercreditor Agreement shall
be at the sole discretion of Northeast LCD Capital, LLC and it shall have the sole discretion regarding collection and realization
on all collateral pledge to secure the two loan positions.

 

In witness whereof, the undersigned sets their
hands and seals of this 20 day of May, 2013.

 

	     	 	LUCID, INC 

    ("Borrower")   
	 	 	 	 
	/s/ Richard J. Pulsifer	 	By:	/s/ L. Michael Hone
	Witness	 	 	L. Michael Hone, its CEO 

    Thereunto duly authorized
	 	 	 	 
		 	NORTHEAST LCD CAPITAL, LLC
    
 ("Lender" and "Subsequent Lender")  
	 	 	 	 
	/s/ Scott Edmunds	 	By:	/s/ C. Wesley Crowell 
	Witness   	 	 	C. Wesley Crowell 

    Its Manager, Thereunder Duly Authorizedgdttek_8kex10-1.htm

Exhibit 10.1

ASSUMPTION OF CONVERTIBLE NOTES

AND DEBT AGREEMENT

THIS ASSUMPTION OF CONVERTIBLE NOTES AND DEBT AGREEMENT (the "Agreement") is entered into as of this ___ day of May, 2013, to be effective as of June 1, 2010, by and between GDT Tek, Inc., a corporation organized under the laws of the State of Florida (the “Company”) and Seamless Corporation, a privately held corporation organized under the laws of the State of Nevada (“Seamless”).

RECITALS:

WHEREAS in November 2009, the Company merged with a subsidiary of Seamless pursuant to which Seamless survived the subsidiary's merger with the Company and, thus, Seamless became a wholly owned subsidiary of the Company;

WHEREAS in accordance with the merger, the Company incurred substantial amount of debt to use as working capital to develop the assets of Seamless, which assets of Seamless are the S-Gen Mini Computer and corresponding patents and the Peer 2 Peer software and corresponding patents (collectively, the "Seamless Assets");

WHEREAS the debt is evidenced by the following convertible notes (collectively, the "Convertible Notes"):

	
 

Loan Number

	 	
Loan Amount

	 	 	
Principal Owed

	 	 	
Interest Owed to

June 30, 2010

	 	 	
Interest Owed to June 30, 2011

	 	 	
Total Due per Loan

	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
09-LF-101-1

	 	 	150,000	 	 	 	75,000	 	 	 	6,250	 	 	 	6,250	 	 	 	87,500	 
	
09-LF-101-2

	 	 	309,760	 	 	 	309,760	 	 	 	23,060	 	 	 	23,060	 	 	 	355,880	 
	
09-LF-101-3

	 	 	64,000	 	 	 	64,000	 	 	 	4,604	 	 	 	4,604	 	 	 	73,208	 
	
09-LF-101-4

	 	 	150,000	 	 	 	150,000	 	 	 	11,167	 	 	 	11,167	 	 	 	172,334	 
	
09-LF-101-5

	 	 	90,000	 	 	 	90,000	 	 	 	5,700	 	 	 	5,700	 	 	 	101,400	 
	
09-LF-101-6

	 	 	60,000	 	 	 	60,000	 	 	 	3,350	 	 	 	3,350	 	 	 	66,700	 
	  	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	
Total

	 	 	 	 	 	 	748,760	 	 	 	54,131	 	 	 	54,131	 	 	 	857,022	 

WHEREAS on June 24, 2010, the Company entered into an agreement to sell all of the Company’s subsidiaries, including Seamless in consideration for the issuance of shares of common stock of the Company;

WHEREAS subsequent to the sale of Seamless, the Company retained the Convertible Note, which Convertible Notes were reflected on the Company's audited financial statements for fiscal years ended December 31, 2010, 2011 and 2012;

  

  

  

WHEREAS approximately June 1, 2020, both the Company and Seamless had agreed hat Seamless would assume the Debt; and the Board of Directors of the Company has determined that it is in the best interests of the Company and its shareholders to have Seamless assume the debt and transfer all associated liability from the Company to Seamless (the "Assumption of Debt");

WHEREAS the Company and Seamless wish to set forth their agreement relating to the Assumption of Debt and this Agreement;

WHEREAS the Board of Directors of the Company have approved the execution of this Agreement;

NOW, THEREFORE, in consideration of the aforesaid recitals and mutual promises contained herein, the receipt and sufficiency of which is hereby acknowledged, the parties agree as follows:

AGREEMENT

1.           Seamless agrees to assume the Debt and hereby cancel the Convertible Notes and re-issue the Convertible Notes in the name of Seamless as debtor

2.           Seamless agrees that the Company shall restate its financial statements for fiscal years ended December 31, 2010, December 31, 2011 and December 31, 2012 to reflect that the Convertible Notes have been assumed by Seamless effective June 1, 2010. .

3.           Seamless represents and acknowledges that the execution and delivery by Seamless of this Agreement is within the power of Seamless, has been duly authorized by all necessary corporate action on behalf of Seamless and does not: (i) require the consent of any other person or party; (ii) contravene or conflict with any provision of applicable law or the certificate of incorporation or other corporate agreement of Seamless; or (iii) contravene or conflict with or result in a default under any other instrument or contract to which Seamless is a party.

4.  This Agreement shall be deemed effective as of June 1, 2010 and shall be binding upon and insure to the benefit of the parties hereto and their respective successors.

  

  

  

5. The Company and Seamless shall agree to release each other and forever discharge any and all claims, manner of actions, whether at law or in equity suits, judgments, debts, liens, liabilities, demands, damages, losses, sums of money, expenses or disputes, known or unknown, fixed or contingent, which it now has or may have hereafter, directly or indirectly, individually or in any capacity against each other, their successors and assigns, as well as its present or former owners, directors, officers, stockholders, employees, agents, heirs, by reason of any act, omission, matter, cause, or thing whatsoever, from the beginning of time to, and including the date of the execution of this Agreement, relating to the aforesaid Assumption of Debt and this Agreement.

	 	 
GDT Tek, Inc.

	 
	 	 	 	 
	
Date: May __, 2013 

	
By: 

	/s/ 	 
	 	 	Name 	 
	 	 	 President/Chief Executive Officer 	 
	 	 	 	 
	 	 	 	 
	 	 
Seamless Corporation

	 
	 	 	 	 
	Date: May __, 2013	By:	 /s/ 	 
	 	 	 President

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