Document:

Exhibit 10.21

    THIS
      NOTE
      HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), NOR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS AND HAS BEEN TAKEN
      FOR INVESTMENT PURPOSES ONLY. IT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED
      OR
      HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH
      SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT
      AN
      OPINION OF COUNSEL SATISFACTORY TO BORROWER THAT SUCH REGISTRATION AND
      QUALIFICATION ARE NOT REQUIRED. 

     

    SECOND
      AMENDED AND RESTATED 

    CONVERTIBLE
      PROMISSORY NOTE 

     

    
      	
              $50,000

            	
                

            	
              January
                31, 2007

            
	
               

            	
                

            	
              Las
                Vegas, NV

            

    

     

    This
      Second Amended and Restated Convertible Promissory Note
      (the
“Second Restated Note” or “this Note”) is hereby issued by Language Access
      Network, Inc., a Nevada corporation (“Borrower”) to Edward F. Panos (“Lender”).
      This Note amends and restates in its entirety that certain Convertible Demand
      Promissory Note dated June 24, 2005 in the principal amount of $60,000.00 (the
      “Original Note”) that was amended on October 5, 2006 to mature on December 31,
      2007. Lender exercised his right to convert $10,000 under the Original Note
      into
      shares of Borrower’s common stock, and this Note amends and restates the
      remaining amount of $50,000.00. 

     

    For
      Value
      Received,
      Borrower hereby unconditionally promises to pay to the order of Lender in lawful
      money of the United States of America and in immediately available funds, the
      aggregate principal sum of up to $50,000.00, or, if less, the aggregate
      principal amount of the borrowing outstanding (the “Principal Amount”) together
      with accrued and unpaid interest thereon in the amount of 10% per annum until
      maturity. Interest shall be computed on the basis of a 365-day year or 366-day
      year as applicable, and actual days lapsed. This Note shall mature three (3)
      years from the date of issuance (the “Maturity Date”). 

    

    
      	1.  	
              Repayment.
                

            

    

    

    The
      outstanding Principal Amount and all interest accrued thereon shall be payable
      on the Maturity Date, unless Borrower defaults pursuant to Section 3 below
      or
      Lender decides to convert this Note into shares of common stock pursuant to
      Section 4 below. Borrower may at any time and from time to time prepay the
      Principal Amount, in whole or in part, without premium or penalty. 

     

    
      	2.  	
              Place
                of Payment; Application of Payments.
                

            

    

    

    All
      amounts payable hereunder shall be payable to Lender on the Maturity Date in
      United States dollars at such bank account as shall be designated by Lender
      in
      immediately available funds. Payment on this Note shall be applied first to
      any
      expenses of collection, then to accrued interest, and thereafter to the
      outstanding Principal Amount hereof. 

     

    
      	3.  	
              Default.

            

    

    

    Upon
      the
      occurrence of an Event of Default, the unpaid Principal Amount, all unpaid
      accrued interest thereon and all other amounts owing hereunder may, at the
      option of Lender, become immediately due and payable to Lender. An Event of
      Default occurs upon 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

       

      any
        of
        the following: (a) if Borrower is not able to pay the Principal Amount of
        the
        note along with all interest accrued on the Maturity Date; (b) if any other
        note
        holder calls in a note prior to the Maturity Date and the Borrower cannot
        pay
        the principal and all accrued interest of that note; (c) if the Borrower
        becomes
        unable to pay its debts to vendors as they become due; or (d) the Borrower's
        insolvency, assignment for the benefit of creditors, application for or
        appointment of a receiver, filing of a voluntary or involuntary petition
        under
        any provision of the United States Bankruptcy Code or amendments hereto or
        any
        other United States federal or state statute affording relief to debtors;
        or
        there shall be commenced against the Borrower any such proceeding or filed
        against the Borrower any such application or petition which proceeding,
        application or petition is not dismissed or withdrawn within sixty (60) days
        of
        commencement or filing as the case may be.

    

    

    
      	4.  	
              Conversion.
                

            

    

     

    Borrower
      may, at its option, at any time after an Event of Default, upon thirty (30)
      days
      written notice to Borrower, which time will allow Borrower to cure the default,
      but prior to payment in full of any outstanding principal and interest payments
      on this Note, convert all or any portion of the Note into shares of the
      Borrower’s common stock, $.001 par value per share (the “Common Stock”) at $0.01
      per share. 

    

    In
      addition, no earlier than sixty (60) days from the Maturity Date, Lender may
      at
      its option elect to convert the outstanding Principal Amount and unpaid accrued
      interest thereon as of such date into Common Stock, in accordance with this
      Section 4. The Lender shall give at least fourteen (14) days prior notice (the
      “Conversion Notice”) to Borrower of the date on which such conversion is to be
      effectuated (such date, the “Conversion Date”). On the Conversion Date, Lender
      may convert the full outstanding Principal Amount and all interest accrued
      on
      this Note into shares of Borrower’s Common Stock at $0.01 per share (the
“Conversion Price”). Lender shall be deemed to be the shareholder of record as
      of the Conversion Date with respect to the Common Stock. Within fourteen (14)
      days subsequent to the Conversion Date, Lender shall surrender this Note to
      Borrower or its transfer agent, duly marked cancelled and, in exchange
      therefore, Lender shall receive from Borrower share certificates evidencing
      the
      Common Stock in the name or names in which Lender wishes such certificate or
      certificates for the Common Stock to be issued. If within fourteen (14) days
      of
      the Conversion Date, Lender is unable to deliver this Note, Lender shall notify
      Borrower or its transfer agent that such Note has been lost, stolen or destroyed
      and shall deliver to Borrower an acknowledgement that the obligations evidenced
      by this Note, shall have been upon the Conversion Date be deemed fully
      satisfied, and, if requested by Borrower, Lender shall execute an agreement
      reasonably satisfactory to Borrower to indemnify Borrower from any loss incurred
      by it in connection with inability of Lender to deliver such Note. 

     

    The
      Conversion Price shall be adjusted from time to time as follows: (a) in case
      the
      Borrower shall, at any time or from time to time, while this Note is outstanding
      (1) pay a dividend or make a distribution on its common stock in additional
      shares, (2) subdivide or split its outstanding shares of common stock, or (3)
      combine its outstanding shares of common stock into a smaller number of shares,
      the Conversion Price in effect immediately prior thereto shall be adjusted
      so
      that the Lender thereafter surrendered for conversion shall be entitled to
      receive the number of shares of common stock or other securities of the Borrower
      which it would have owned or have been entitled to receive after the
      effectiveness of any of the events described above, had such Note been converted
      immediately prior to the effectiveness of such event. 

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    An
      adjustment made pursuant to this Section 4 shall become effective, in the case
      of a dividend, on the payment date retroactively to immediately after the
      opening of business on the day following the record date for the determination
      of shareholders entitled to receive such dividend, and shall become effective
      in
      the case of a subdivision, split or combination after the opening of business
      on
      the day following the day when such subdivision or combination, as the case
      may
      be, becomes effective.

    

    
      	5.  	
              Miscellaneous.
                

            

    

    

    Except
      as
      otherwise provided herein, Borrower waives presentment and written demand for
      payment, notice of dishonor, protest and notice of protest of this Note, and
      shall pay all costs of collection when incurred, including, without limitation,
      reasonable attorneys’ fees, costs and other expenses. 

    

    The
      provisions of this Note shall inure to the benefit of and be binding on any
      successor to Borrower and shall extend to any holder hereof. 

    

    This
      Note
      shall be governed by and construed in accordance with the laws of the state
      of
      Nevada without regard to conflict of law principles. Borrower shall also pay
      Lender any and all costs of collection incurred in connection with this Note,
      including court costs and reasonable attorney’s fees.

     

     

    
      	
              BORROWER

            
	 
	
              LANGUAGE
                ACCESS NETWORK, INC.

            
	 	 
	
               

              By:

            	
               

            	
              /s/
                Michael Guirlinger

            
	
              Name:

            	
               

            	
              Michael
                Guirlinger

            
	
              Title:

            	
               

            	
              PresidentExhibit 10.22

    THIS
      NOTE
      HAS NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“ACT”), NOR QUALIFIED UNDER APPLICABLE STATE SECURITIES LAWS AND HAS BEEN TAKEN
      FOR INVESTMENT PURPOSES ONLY. IT MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED
      OR
      HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION STATEMENT AS TO SUCH
      SECURITIES UNDER THE ACT AND QUALIFICATION UNDER APPLICABLE STATE LAW WITHOUT
      AN
      OPINION OF COUNSEL SATISFACTORY TO BORROWER THAT SUCH REGISTRATION AND
      QUALIFICATION ARE NOT REQUIRED. 

     

    FIRST
      AMENDED AND RESTATED 

    CONVERTIBLE
      PROMISSORY NOTE 

     

    
      	
              $93,000

            	
                

            	
              January
                31, 2007

            
	
               

            	
                

            	
              Las
                Vegas, NV

            

    

     

    This
      First Amended and Restated Convertible Promissory Note
      (the
“First Restated Note” or “this Note”) is hereby issued by Language Access
      Network, Inc., a Nevada corporation (“Borrower”) to Panos Industries, LLC, a
      Nevada limited liability company (“Lender”). This Note amends and restates in
      its entirety that certain Convertible Demand Promissory Note dated March 3,
      2006
      in the principal amount of $93,000.00 (the “Original Note”). 

     

    For
      Value
      Received,
      Borrower hereby unconditionally promises to pay to the order of Lender in lawful
      money of the United States of America and in immediately available funds, the
      aggregate principal sum of up to $93,000.00, or, if less, the aggregate
      principal amount of the borrowing outstanding (the “Principal Amount”) together
      with accrued and unpaid interest thereon in the amount of 10% per annum until
      maturity. Interest shall be computed on the basis of a 365-day year or 366-day
      year as applicable, and actual days lapsed. This Note shall mature three (3)
      years from the date of issuance (the “Maturity Date”). 

    

    
      	1.  	
              Repayment.
                

            

    

    

    The
      outstanding Principal Amount and all interest accrued thereon shall be payable
      on the Maturity Date, unless Borrower defaults pursuant to Section 3 below
      or
      Lender decides to convert this Note into shares of common stock pursuant to
      Section 4 below. Borrower may at any time and from time to time prepay the
      Principal Amount, in whole or in part, without premium or penalty. 

     

    
      	2.  	
              Place
                of Payment; Application of Payments.
                

            

    

    

    All
      amounts payable hereunder shall be payable to Lender on the Maturity Date in
      United States dollars at such bank account as shall be designated by Lender
      in
      immediately available funds. Payment on this Note shall be applied first to
      any
      expenses of collection, then to accrued interest, and thereafter to the
      outstanding Principal Amount hereof. 

     

    
      	3.  	
              Default.

            

    

    

    Upon
      the
      occurrence of an Event of Default, the unpaid Principal Amount, all unpaid
      accrued interest thereon and all other amounts owing hereunder may, at the
      option of Lender, become immediately due and payable to Lender. An Event of
      Default occurs upon any of the following: (a) if Borrower is not able to pay
      the
      Principal Amount of the note along with all interest accrued on the Maturity
      Date; (b) if any other note holder calls in a note prior to the Maturity Date
      and the Borrower cannot pay the principal and all accrued 

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    interest
      of that note; (c) if the Borrower becomes unable to pay its debts to vendors
      as
      they become due; or (d) the Borrower's insolvency, assignment for the benefit
      of
      creditors, application for or appointment of a receiver, filing of a voluntary
      or involuntary petition under any provision of the United States Bankruptcy
      Code
      or amendments hereto or any other United States federal or state statute
      affording relief to debtors; or there shall be commenced against the Borrower
      any such proceeding or filed against the Borrower any such application or
      petition which proceeding, application or petition is not dismissed or withdrawn
      within sixty (60) days of commencement or filing as the case may
      be.

    

    
      	4.  	
              Conversion.
                

            

    

     

    Borrower
      may, at its option, at any time after an Event of Default, upon thirty (30)
      days
      written notice to Borrower, which time will allow Borrower to cure the default,
      but prior to payment in full of any outstanding principal and interest payments
      on this Note, convert all or any portion of the Note into shares of the
      Borrower’s common stock, $.001 par value per share (the “Common Stock”) at $0.25
      per share. 

    

    In
      addition, no earlier than sixty (60) days from the Maturity Date, Lender may
      at
      its option elect to convert the outstanding Principal Amount and unpaid accrued
      interest thereon as of such date into Common Stock, in accordance with this
      Section 4. The Lender shall give at least fourteen (14) days prior notice (the
      “Conversion Notice”) to Borrower of the date on which such conversion is to be
      effectuated (such date, the “Conversion Date”). On the Conversion Date, Lender
      may convert the full outstanding Principal Amount and all interest accrued
      on
      this Note into shares of Borrower’s Common Stock at $0.25 per share (the
“Conversion Price”). Lender shall be deemed to be the shareholder of record as
      of the Conversion Date with respect to the Common Stock. Within fourteen (14)
      days subsequent to the Conversion Date, Lender shall surrender this Note to
      Borrower or its transfer agent, duly marked cancelled and, in exchange
      therefore, Lender shall receive from Borrower share certificates evidencing
      the
      Common Stock in the name or names in which Lender wishes such certificate or
      certificates for the Common Stock to be issued. If within fourteen (14) days
      of
      the Conversion Date, Lender is unable to deliver this Note, Lender shall notify
      Borrower or its transfer agent that such Note has been lost, stolen or destroyed
      and shall deliver to Borrower an acknowledgement that the obligations evidenced
      by this Note, shall have been upon the Conversion Date be deemed fully
      satisfied, and, if requested by Borrower, Lender shall execute an agreement
      reasonably satisfactory to Borrower to indemnify Borrower from any loss incurred
      by it in connection with inability of Lender to deliver such Note. 

     

    The
      Conversion Price shall be adjusted from time to time as follows: (a) in case
      the
      Borrower shall, at any time or from time to time, while this Note is outstanding
      (1) pay a dividend or make a distribution on its common stock in additional
      shares, (2) subdivide or split its outstanding shares of common stock, or (3)
      combine its outstanding shares of common stock into a smaller number of shares,
      the Conversion Price in effect immediately prior thereto shall be adjusted
      so
      that the Lender thereafter surrendered for conversion shall be entitled to
      receive the number of shares of common stock or other securities of the Borrower
      which it would have owned or have been entitled to receive after the
      effectiveness of any of the events described above, had such Note been converted
      immediately prior to the effectiveness of such event. 

    

    An
      adjustment made pursuant to this Section 4 shall become effective, in the case
      of a dividend, on the payment date retroactively to immediately after the
      opening of business on the day following the record date for the determination
      of shareholders entitled to receive such dividend, and shall become effective
      in
      the case of a subdivision, split or combination 

     

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

     

    after
      the
      opening of business on the day following the day when such subdivision or
      combination, as the case may be, becomes effective.

    

    
      	5.  	
              Miscellaneous.
                

            

    

    

    Except
      as
      otherwise provided herein, Borrower waives presentment and written demand for
      payment, notice of dishonor, protest and notice of protest of this Note, and
      shall pay all costs of collection when incurred, including, without limitation,
      reasonable attorneys’ fees, costs and other expenses. 

    

    The
      provisions of this Note shall inure to the benefit of and be binding on any
      successor to Borrower and shall extend to any holder hereof. 

    

    This
      Note
      shall be governed by and construed in accordance with the laws of the state
      of
      Nevada without regard to conflict of law principles. Borrower shall also pay
      Lender any and all costs of collection incurred in connection with this Note,
      including court costs and reasonable attorney’s fees.

     

    
      
        	
                BORROWER

              
	 
	
                LANGUAGE
                  ACCESS NETWORK, INC.

              
	 	 
	
                 

                By:

              	
                 

              	
                /s/
                  Michael Guirlinger

              
	
                Name:

              	
                 

              	
                Michael
                  Guirlinger

              
	
                Title:

              	
                 

              	
                President

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