Document:

Promissory Note

    Exhibit
      10.12

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    PROMISSORY
      NOTE

    

    
      	$100,000.00	
               January
26,
                2007

            

    

     

    FOR
      VALUE
      RECEIVED, the undersigned, Gabriel Technologies Corporation, a Delaware
      corporation (“Company”),
      promises to pay to the order of L. Mills Tuttle and Ann S. Tuttle, as
      co-trustees of the Ann S. Tuttle Revocable Trust (“Lender”),
      the
      principal sum of One Hundred Thousand Dollars ($100,000) (the “Principal”),
      without interest. Further, Lender will receive a warrant to purchase Twenty
      Five
      Thousand (25,000) 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 the Company. All payments on this Note shall
      be
      due and payable in lawful money of the United States of America at such place
      as
      Lender may from time to time designate at the time provided in Section 1
      below.

    

    1.    Payments.
      Two
      Hundred Thousand Dollars ($200,000) (which is the Principal plus an amount
      equal
      to 100% of the Principal) shall be due and payable within 10 business days
      after
      an IP Event. For purposes of this Note, an “IP
      Event”
is
      defined as the receipt by the Company or any of its subsidiaries of a minimum
      of
      $10,000,000 in net proceeds (in cash or the fair market value of non-cash
      consideration) from a licensing, sale, transfer, settlement or other transaction
      with one or more third parties relating to intellectual property of the Company
      or its subsidiaries, or a merger, consolidation, share exchange or sale of
      all
      or substantially all of the stock or assets of the Company or any of its
      subsidiaries.

    

    2.    Right
      to Exchange Note.
      Lender
      shall have the right to surrender and exchange this Note at any time after
      the
      one year anniversary of this Note into a new fixed term promissory note in
      the
      principal amount of Two Hundred Thousand Dollars ($200,000) (which is the
      Principal of this Note plus an amount equal to 100% of such Principal), with
      such new promissory note (the “New
      Note”)
      being
      due and payable on or before the one year anniversary of the Exchange Date
      (as
      defined below). Lender shall exercise her right to such surrender and exchange
      by (i) providing 10 days written notice to the Company of the date on which
      Lender will surrender and exchange this Note for the New Note (the “Exchange
      Date”),
      and
      (ii) on or before the Exchange Date, deliver the original of this Note to the
      Company. The Company, upon receipt of Lender’s notice and the delivery of the
      original of this Note by Lender as described above, shall deliver to Lender,
      within 10 business days after the Exchange Date, the New Note (which will be
      dated and effective on the Exchange Date).

    

    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. 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.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    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 construed in accordance with the laws of the State of Delaware,
      without regard to the conflicts of laws provisions thereof.

    

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

     

    
      
        
          	 	GABRIEL TECHNOLOGIES
                  CORPORATION 
	 	 
	 	By:                         
                  /s/
                  TJ
                  O’Brien                                 
                   
	 	Printed
                  Name:             TJ
                  O’Brien                                 
                   
	 	Title:                            
                  Acting
                  COO                               
                  

        

         

        2Promissory Note

Exhibit
    10.13
     

    GABRIEL
      TECHNOLOGIES CORPORATION

    

    PROMISSORY
      NOTE

    

    
      	$235,000.00	
              February
                1, 2007

            

    

    

    FOR
      VALUE
      RECEIVED, the undersigned, Gabriel Technologies Corporation, a Delaware
      corporation (“Company”),
      promises to pay to the order of DVQ LLC, a Florida limited liability company
      (“Lender”),
      the
      principal sum of Two Hundred Thirty Five Thousand Dollars ($235,000) (the
“Principal”),
      without interest. Further, Lender will receive a warrant to purchase Fifty
      Eight
      Thousand Seven Hundred Fifty (58,750) 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 the Company. All payments
      on this Note shall be due and payable in lawful money of the United States
      of
      America at such place as Lender may from time to time designate at the time
      provided in Section 1 below.

    

    1.    Payments.
      Four
      Hundred Seventy Thousand Dollars ($470,000) (which is the Principal plus an
      amount equal to 100% of the Principal) shall be due and payable within 10
      business days after an IP Event. For purposes of this Note, an “IP
      Event”
is
      defined as the receipt by the Company or any of its subsidiaries of a minimum
      of
      $10,000,000 in net proceeds (in cash or the fair market value of non-cash
      consideration) from a licensing, sale, transfer, settlement or other transaction
      with one or more third parties relating to intellectual property of the Company
      or its subsidiaries, or a merger, consolidation, share exchange or sale of
      all
      or substantially all of the stock or assets of the Company or any of its
      subsidiaries.

    

    2.    Right
      to Exchange Note.
      Lender
      shall have the right to surrender and exchange this Note at any time after
      the
      one year anniversary of this Note into a new fixed term promissory note in
      the
      principal amount of Four Hundred Seventy Thousand Dollars ($470,000) (which
      is
      the Principal of this Note plus an amount equal to 100% of such Principal),
      with
      such new promissory note (the “New
      Note”)
      being
      due and payable on or before the one year anniversary of the Exchange Date
      (as
      defined below). Lender shall exercise her right to such surrender and exchange
      by (i) providing 10 days written notice to the Company of the date on which
      Lender will surrender and exchange this Note for the New Note (the “Exchange
      Date”),
      and
      (ii) on or before the Exchange Date, deliver the original of this Note to the
      Company. The Company, upon receipt of Lender’s notice and the delivery of the
      original of this Note by Lender as described above, shall deliver to Lender,
      within 10 business days after the Exchange Date, the New Note (which will be
      dated and effective on the Exchange Date).

    

    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. 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.

    

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

       

    

    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 construed in accordance with the laws of the State of Delaware,
      without regard to the conflicts of laws provisions thereof.

    

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

     

    
      	 	GABRIEL TECHNOLOGIES
              CORPORATION 
	 	 
	 	By:                         
              /s/
              TJ
              O’Brien                                
	 	Printed
              Name:             TJ
              O’Brien                             
                
	 	Title:                            
              Acting
              COO                          
                

    

     

    ACKNOWLEDGEMENT:

    

    Lender
      hereby acknowledges that the loan evidenced by this Note represents funds
      advanced to the Company by the following individuals for the benefit of Lender:
      (i) Thomas P. Lawler ($100,000), (ii) Charles Carlton ($100,000), (iii) David
      Willner ($25,000), and (iv) WEW CT2, LLC ($10,000) (collectively, the
“Lending
      Parties”).
      Lender hereby absolutely and unconditionally indemnifies and agrees to hold
      harmless the Company from and against any and all demands, claims, causes of
      action, expenses, costs, damages, losses and liabilities (including by not
      limited to reasonable attorneys’ fees and expenses) of any nature whatsoever,
      contingent or otherwise, from time to time arising or resulting directly from
      or
      asserted against the Company with respect to any claims by any of the Lending
      Parties regarding repayment of the sums represented by this Note.

     

    
      
        	 	DVQ LLC
	 	 
	 	By:                         
                /s/
                Thomas P.
                Lawler                  
	 	Printed
                Name:             Thomas
                P.
                Lawler                  
	 	Title:                             Manager      
                                            

      

2

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