Document:

Fegen Note

    Exhibit
      10.11

    AMENDED
      AND RESTATED INSTALLMENT NOTE

     

    

    
      	$1,470,000.00	
              October
                31, 2006

            

    

    Waukee,
      Iowa

     

    For
      value
      received, NICHOLAS A. FEGEN (“Maker”) hereby unconditionally promises to pay to
      the order of GABRIEL TECHNOLOGIES CORPORATION (the “Company”), as described in
      Paragraph 1 below, the principal sum of ONE MILLION FOUR HUNDRED SEVENTY
      THOUSAND DOLLARS ($1,470,000) (the “Principal”), together with interest on the
      unpaid principal balance from time to time outstanding at a rate per annum
      equal
      to LIBOR plus 1% (the “Interest”). 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.

     

    This
      Note
      amends, restates and replaces in all respects that certain installment note
      in
      the principal amount of $2,500,000 dated November 1, 2004, between Maker and
      the
      Company (the “Old
      Note”)
      including, without limitation, all of Maker’s obligations under the Old
      Note.

     

    1. Payments.
      The
      entire Principal and Interest shall be due and payable on December 1, 2006
      (the
“Maturity Date”); provided, however, that any part or all of the Principal and
      Interest may be voluntarily prepaid in whole or in part at any
      time.

     

    2. 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, Maker agrees to pay,
      in
      addition to the principal and interest payable hereunder, reasonable attorney’s
      fees and costs incurred by the Company.

     

    3. 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.

     

    4. Waivers.
      Maker
      hereby waives presentment, demand for performance, notice of non-performance,
      protest, notice of protest and notice of dishonor. No delay on the part of
      the
      Company in exercising any right hereunder shall operate as a waiver of such
      right or any other right.

     

    5. Assignment.
      This
      Note is not transferable by Maker, whether by sale, pledge or other disposition,
      without the prior written consent of the Company which consent may be withheld
      in the Company’s sole discretion.

     

    6. Governing
      Law.
      This
      Note shall be construed in accordance with the laws of the State of Nebraska,
      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.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

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

    

    

    

    /s/
      Nicholas A.
      Fegen                                        
 

    NICHOLAS
      A. FEGEN

     

     

     

    2Broidy Promissory Note

    
      Exhibit
        10.12

      

      

      GABRIEL
        TECHNOLOGIES CORP.

      

      PROMISSORY
        NOTE

       

      Los
        Angeles, California

      
        	$80,000.00	
                November
                  20, 2006

              

      

       

      

      1. Principal
        and Interest.
        Subject
        to the terms and conditions contained herein, Gabriel Technologies Corp.,
        (the
“Company”), a Delaware corporation, for value received, hereby promises to pay
        to the order of Broidy Capital Management or holder (“Lender”) in lawful money
        of the United States at 1801 Century Park East, Suite 2150, Los Angeles,
        California 90067, the principal amount of Eighty Thousand Dollars ($80,000),
        together with simple interest at a rate equal to seven percent (7.0%) per
        annum.

      

      In
        exchange for this Promissory Note, Lender has loaned to the Company Eighty
        Thousand Dollars ($80,000), to be wired to Gabriel in immediately available
        funds upon finalization and signature of this agreement.

      

      The
        principal of this Note is due and payable two weeks from the date first set
        forth above, on Monday, December 4, 2006 (the “Maturity Date”). All interest on
        this Note is due and payable on the Maturity Date.

      

      2. Use
        of
        Note Proceeds.
        Company
        has requested this loan, and Lender is making this loan, solely to pay the
        payroll and payroll related expenses of Company and two of Company’s
        subsidiaries, Gabriel Technologies LLC and Trace Technologies (collectively,
        the
“Gabriel Entities”). Company has provided a schedule of all payroll related
        expenses for the Gabriel Entities, a copy of which is attached hereto as
        Exhibit
        A. The Company, and each of the individuals signing this Promissory Note
        and all
        ancillary documents, agree that the proceeds of this loan shall only be used
        to
        pay the payroll and payroll related expenses described in Exhibit
        A.

      

      3. Accounting.
        Notwithstanding Paragraph 2 above, Company and Lender all agree that none
        of the
        proceeds of this loan shall go directly or indirectly to Mr. Keith Feilmeier.
        As
        soon as reasonably practicable after the loan has been made the Company shall
        provide Lender with an accounting all of the loan proceeds, including but
        not
        limited to (i) copies of all payroll checks sent to employees of the Gabriel
        Entities, (ii) an updated Payroll Register for each of the Gabriel Entities,
        and
        (iii) all other documents necessary to confirm the loan proceeds have been
        spent
        in accordance with Paragraph 2 above.

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      4. First
        Monies Received By Gabriel Shall Be Used To Repay Loan.
        Lender
        has made two previous loans to Company, both of which Company has defaulted
        on
        and/or materially breached. Specifically, Company has (i) failed to repay
        one of
        the loans when it came due, (ii) failed to pay interest when due and (iii)
        taken
        on additional debt without first seeking Lender’s approval in breach of Lender’s
        loan agreements. Moreover, material misrepresentations of fact have been
        made
        concerning when Lender’s loans would be repaid. Therefore, to provide Lender
        comfort that this loan will be repaid, Company agrees that as of the date
        of
        this agreement, any
        and all
        money
        that the Company receives from any
        source whatsoever
        shall be
        used to repay this loan.

      

      Company
        shall make payments to Lender on a daily basis of all incoming money it receives
        until this loan and all interest hereunder has been paid in full. Company
        shall
        provide Lender with a daily update as to how much money has been received
        by
        Company on each day, and shall make its books and records available for
        inspection by Lender and Lender’s agents or designees.

      

      5. Security.
        As
        security for this Note, Lender shall receive the same security interest (the
        “Security Interest”) as set forth in Section 4 of that certain Convertible
        Senior Promissory Note dated as of January 6, 2006, between Lender and Company
        in the amount of One Million Dollars ($1,000,000) and in that certain Promissory
        Note dated as of February 14, 2006 between Lender and Company in the amount
        of
        Two Hundred Thousand Dollars ($200,000) (collectively, the “Previous Notes”).
        The Company and Lender agree that the Security Interest for this loan and
        the
        Previous Notes expressly includes, but shall not be limited to, (i) all of
        the
        assets and intellectual property of Company and each of its subsidiaries,
        (ii)
        the Units the Company owns in Resilent, LLC d/b/a Digital Defense Group and
        (iii) all of the Company’s rights and interest in any monies recovered by Trace
        Technology as a result a settlement or potential litigation involving
        infringement of its intellectual property. Company shall promptly file a
        revised
        UCC, perfecting Lender’s Security Interest in the above mentioned
        collateral.

      

      6. Consideration
        for Making Loan.
        As
        additional potential consideration for making such a risky loan to the Company,
        if Company fails to repay this Note in fill, including interest, on or before
        the Maturity Date then the Company agrees to promptly transfer to Lender
        200 “C”
Units in Resilent, LLC d/b/a as Digital Defense Group as additional
        consideration.

      

      7. Attorneys’
        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
        attorneys’ fees and costs incurred by Lender.

      

      8. 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 if delivered
        in
        accordance with the terms of the Note.

      
        
          
          

        

        
          2

          
            

          

        

        
          
          

        

      

      9. 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 Nevada, 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 Los Angeles, California,
        which
        courts shall have exclusive jurisdiction over any such lawsuit or
        litigation.

      

      10. 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. Lender can assign or transfer this Note
        at
        its discretion.

      

      11. Representations
        and Warranties.
        The
        Company has all requisite legal and corporate power and authority to execute
        and
        deliver this loan agreement. All corporate action on the part of the Company,
        its directors and stockholders necessary for the authorization, execution,
        delivery and performance of this loan agreement and the performance of the
        Company’s obligations under this agreement has been taken or will be taken prior
        to the Closing. This loan agreement, when executed and delivered by the Company,
        shall constitute valid and binding obligations of the Company, enforceable
        in
        accordance with their terms, subject to laws of general application relating
        to
        bankruptcy, insolvency and the relief of debtors and rules of law governing
        specific performance, injunctive relief or other equitable
        remedies.

      

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

      

      GABRIEL
        TECHNOLOGIES CORP.

      

      

      By:
         /s/
        Keith
        Feilmeier                                   
 

      Name: Keith
        Feilmeier

      Title: Chief
        Executive Officer

      

      

      

      By:
         /s/
        T.
        J.
        O’Brien                                  
       

      Name: TJ
        O’Brien

      Title: Acting
        Chief Operating Officer

      

        3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]