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                                                                   EXHIBIT 10.20

                                 PROMISSORY NOTE

                              DATE: APRIL 30, 2000

         WHEREAS Ampersand Medical Corporation ("Ampersand") is engaged in a
Private Placement Offering (the "Offering") under which Ampersand is offering to
sell 3,333,333 shares of its Common Stock, at a purchase price of $1.50 per
share, to accredited investors.

         WHEREAS such Offering, in accordance with the terms of Amendment No. 1
thereto, is set to expire on April 30, 2000.

         WHEREAS Seaside Partners, L.P., (Seaside), an accredited investor, has
subscribed to purchase 1,333,333 shares of the Common Stock under the terms of
the Offering, such subscription being evidenced by a Subscription Agreement
signed by a duly authorized representative of Seaside and made a part of this
note.

         WHEREAS Seaside has requested that Ampersand except a note payable in
lieu of the total cash purchase price of two million dollars ($2,000,000) for
such subscribed shares.

         WHEREAS Ampersand is agreeable to except Seaside's subscription to
purchase 1,333,333 shares of Common Stock at a purchase price of $1.50 per
share, and is also agreeable to except a note payable from Seaside in the amount
of $2,000,000 in lieu of the total cash purchase price of the subscribe shares.

         NOW THEREFOR Ampersand and Seaside agree to the following terms and
conditions of this note:

         For good and valuable consideration consisting of the issuance of a
certificate in the name of Seaside Partners, L.P. representing 1,333,333 shares
of Common Stock of Ampersand Medical Corporation, the undersigned, Seaside
Partners, L.P., with offices at 623 Ocean Avenue, Sea Girt, New Jersey 08750,
hereby promises to pay to Ampersand Medical Corporation, with offices at 414 N.
Orleans, Suite 305, Chicago, Illinois 60610, the sum of two million dollars
($2,000,000) in cash plus accrued interest computed at the rate of 8% per annum.
Such payment shall be due ninety days from the date hereof and shall be made to
Ampersand in accordance with the instructions in the Subscription Agreement.

o The note may be prepaid in part or in full without penalty.

o The note may be extended in part or in full with the mutual consent of both
  parties.

o Ampersand shall retain possession of the stock certificate until the note is
  paid in full.

o Seaside shall have full voting rights of all shares represented by the stock
  certificate.

o The Subscription Agreement and the promise to pay shall not be voidable or
  cancelable for any reason or circumstance whatsoever.

         SIGNED THIS 28TH DAY OF APRIL 2000, ON BEHALF OF THE DEBTOR:
         Seaside Partners, L.P.

         ______________________
         By: William J. Ritger,         Title______________________

         AGREED AND ACCEPTED:

         Ampersand Medical Corporation

         ________________________________
         By: Leonard R. Prange, President<PAGE>   1
                                                                   EXHIBIT 10.21

                                 PROMISSORY NOTE

$300,000                                                      September 22, 2000
                                                               Chicago, Illinois

1. FOR VALUE RECEIVED, AccuMed International, Inc. ("Maker"), hereby promises to
pay to the order of Ampersand Medical Corporation ("Payee"), the principal sum
of THREE HUNDRED THOUSAND dollars ($300,000), at the place and in the manner
hereinafter provided, together with interest thereon at the rates described
below.

2. Interest shall accrue on the balance of principal from time to time unpaid
under this Note prior to the Maturity Date (as hereinafter defined) at an annual
rate equal to Prime plus 2.5% wherein Prime is defined as the rate of interest
from time to time announced by LaS alle Bank National Association ("Bank") as
its Prime Rate, which is not necessarily the Bank's lowest or most favorable
rate of interest at any one time. Interest shall be computed on the basis of a
year consisting of 360 days and shall be based on the actual number of days
during the period for which interest is being charged.

3. Payments of principal and interest due under this Note are due on the
earliest to occur of the following: (i) the signing of the Definitive Agreement
as defined in that certain Confidential Term Sheet dated September 20, 2000 as
described below; (ii) termination of the contemplated merger transaction as
outlined in the Confidential Terms Sheet; and (iii) December 31, 2000.

4. This Promissory Note is executed in conjunction with the approval and
execution by Maker and Payee of that certain Confidential Term Sheet dated
September 20, 2000 wherein the parties have agreed to enter into a Definitive
Agreement wherein the parties anticipate formalizing the terms and conditions of
a merger of Maker and Payee. This Promissory Note evidences the initial funding
discussed in paragraph five of the Confidential Term Sheet.

5. After the maturity of this Note, or during any period in which an Event of
Default (as hereinafter defined) exists under this Note, Maker shall pay
interest on the balance of principal remaining unpaid during any such period at
an annual rate (the "Default Rate") equal to Prime plus 5%. The interest
accruing under this paragraph shall be immediately due and payable by Maker to
the holder of this Note on demand and shall be additional indebtedness,
evidenced by this Note.

6. Maker reserves the privilege, without cost or penalty, to prepay all or any
part of the principal balance of this Note at any time and from time to time
upon seven (7) days prior written notice to Payee of its intention to do so.

7. All payments and prepayments on account of the indebtedness evidenced by this
Note shall be first applied to accrued and unpaid interest on the unpaid
principal balance of this Note and second, to all other sums then due Payee
hereunder.

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8. Except as otherwise provided in paragraph 4 herein, all payments of principal
and interest hereunder shall be paid by check or in coin or currency and shall
be made at the Payee's principal place of business. Payment made by check shall
be deemed paid on the date Payee receives such check; provided, however, that if
such check is subsequently returned to Payee unpaid due to insufficient funds or
otherwise, the payment shall not be deemed to have been made and shall continue
to bear interest until collected. If payment hereunder becomes due and payable
on a Saturday, Sunday or legal holiday under the laws of the State of Illinois,
the due date thereof shall be extended to the next succeeding business day, and
interest shall be payable thereon at the then applicable interest rate during
such extension.

9. The occurrence of any one or more of the following events shall constitute
an "Event of Default" under this Note:

         (a)   the failure by Maker to make payment of any principal or interest
               or any other amount due to Payee under this Note on the date
               when any such payment is due in accordance with the terms hereof
               or thereof;

         (b)   the failure of Maker to provide Payee with the following on or
               before the execution of the Definitive Agreement:(i) a first
               perfected security interest in all of the assets of Maker;
               (ii) a prospective budget and cash flow covering operations for
               the six-month period subsequent to the date of the Definitive
               Agreement; (iii) an agreement by Maker to conduct its business
               in the normal and ordinary course, similar to that which it has
               pursued during the twelve month period prior to the signing of
               the Definitive Agreement; and (iv) the agreement of Maker's
               management and Board that any material expenditure of cash
               outside of the items included within the budget and cash flow
               provided in (ii) herein shall be subject to the approval of
               Payee's management, which approval shall not be unreasonably
               withheld;

          (c)  the occurrence of a material adverse change in the operations or
               financial condition of Maker between the date of the Form l0-Q
               most recently filed prior to the date hereon on its behalf with
               the SEC and the date of the Definitive Agreement;

          (d)  the failure of Maker to operate its business from the date hereof
               until the date of the Definitive Agreement in the same manner as
               theretofore operated in the ordinary course, except as may be
               otherwise approved in writing by Payee, such approval not to be
               unreasonably withheld; or

          (e)  the failure of Maker to cease all activities in regard to the
               possible sale of Maker or its assets, business or property
               (other than in the ordinary course of business) to any party
               other than Payee.

10. At the election of the holder hereof, and without notice, the principal
balance remaining unpaid under this Note, and all unpaid interest accrued
thereon, shall be and become immediately

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due and payable in full upon the occurrence of any Event of Default under this
Note. Failure to exercise this option shall not constitute a waiver of the right
to exercise same in the event of any subsequent Event of Default. No holder
hereof shall, by any act of omission or commission, be deemed to waive any of
its rights, remedies or powers hereunder or otherwise unless such waiver is in
writing and signed by the holder hereof, and then only to the extent
specifically set forth therein. The rights, remedies and powers of the holder
hereof, as provided in this Note are cumulative and concurrent, and may be
pursued singly, successively or together against Maker and any other security
given at any time to secure the repayment hereof, all at the sole discretion of
the holder hereof If any suit or action is instituted or attorneys are employed
to collect this Note or any part thereof, Maker promises and agrees to pay all
costs of collection, including reasonable attorneys' fees and court costs.

11. Maker hereby (i) waives presentment and demand for payment, notices of
nonpayment and of dishonor, protest of dishonor, and notice of protest; and (ii)
waives any and all lack of diligence and delays in the enforcement of the
payment hereof

12. This Promissory Note is currently unsecured. However, in the event that the
Definitive Agreement outlined in paragraph 4 herein is not executed by the
parties and the contemplated merger terminates, if Maker does not pay this Note
in full as required herein, Payee shall have the option of setting off the
amounts due it under this Note at any time with any and all payments then due or
to become due in the future to Maker under paragraph 3.2 of the License
Agreement between the parties dated September 4, 1998 as modified on June 9,
2000.

13. This Note evidences a business loan, which comes within the purview of
Section 205/4, paragraph (1)(c) of Chapter 815 of the Illinois Compiled
Statutes, as amended. Maker agrees that the obligation evidenced by this Note is
an exempted transaction under the Truth In Lending Act, 15 U.S.C., Section 1601,
et-seq.

14. Time is of the essence hereof

15. This Note is governed and controlled as to validity, enforcement,
interpretation, construction, effect and in all other respects by the statutes,
laws and decisions of the State of Illinois. This Note may not be changed or
amended orally but only by an instrument in writing signed by the party against
whom enforcement of the change or amendment is sought.

16. This Note has been made and delivered at Chicago, Illinois and all funds
disbursed to or for the benefit of Maker will be disbursed in Chicago, Illinois.

17. The obligations and liabilities of Maker under this Note shall be binding
upon and enforceable against Maker and its successors and assigns. This Note
shall inure to the benefit of and may be enforced by Payee, its successors and
assigns.

18. In the event one or more of the provisions contained in this Note shall for
any reason be held to be invalid, illegal or unenforceable in any respect by a
court of competent jurisdiction, such invalidity, illegality or unenforceability
shall not affect any other provision of this Note, and this

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Note shall be construed as if such invalid, illegal or unenforceable provision
had never been contained herein. Payee shall not collect a rate of interest on
the principal balance under this Note in excess of the maximum contract rate of
interest permitted by applicable law. All interest found in excess of that rate
of interest allowed and collected by Payee shall be applied to the principal
balance in such manner as to prevent the payment and collection of interest in
excess of the rate permitted by applicable law.

    IN WITNESS WHEREOF, Maker has executed this Note as of the day and year
first written above.

                                                    ACCUMED INTERNATIONAL, INC.

                                                    By: _______________________

                                                    Title: ____________________

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