Document:

Longview Convertible Note June 2005

    EXHIBIT
      10.68

    

    THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO KAIRE HOLDINGS, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    SECURED
      CONVERTIBLE NOTE

    

    FOR
      VALUE
      RECEIVED, KAIRE HOLDINGS, INC., a Delaware corporation (hereinafter called
      "Borrower"), hereby promises to pay to LONGVIEW FUND LP, 600 Montgomery Street,
      44th
      Floor,
      San Francisco, CA 94111, Fax: (415) 981-5301 (the "Holder") or order, without
      demand, the sum of One Hundred Thousand Dollars ($100,000.00), with simple
      interest accruing on June 23, 2007 (the "Maturity Date"), if not paid
      sooner.

    

    This
      Note
      has been entered into pursuant to the terms of a subscription agreement between
      the Borrower and the Holder, dated of even date herewith (the “Subscription
      Agreement”), and shall be governed by the terms of such Subscription Agreement.
      Unless otherwise separately defined herein, all capitalized terms used in this
      Note shall have the same meaning as is set forth in the Subscription Agreement.
      The following terms shall apply to this Note:

    

    ARTICLE
      I

    

    GENERAL
      PROVISIONS

    

    1.1 Payment
      Grace Period.
      The
      Borrower shall have a ten (10) day grace period to pay any monetary amounts
      due
      under this Note, after which grace period a default interest rate of fifteen
      percent (15%) per annum shall apply to the amounts owed hereunder.

    

    1.2 Conversion
      Privileges.
      The
      Conversion Privileges set forth in Article II shall remain in full force and
      effect immediately from the date hereof and until the Note is paid in full
      regardless of the occurrence of an Event of Default. The Note shall be payable
      in full on the Maturity Date, unless previously converted into Common Stock
      in
      accordance with Article II hereof; provided, that if an Event of Default has
      occurred, the Borrower may not pay this Note, without the consent of the Holder,
      until one year after the later of the date the Event of Default has been cured
      or one year after the Maturity Date.

    

    1.3 Interest
      Rate.
      Subject
      to Section 5.7 hereof, interest payable on this Note shall accrue at a rate
      per
      annum (the "Interest Rate") equal to the "prime rate" published in The Wall
      Street Journal from time to time, plus four percent (4%). The interest rate
      shall be increased or decreased as the case may be for each increase or decrease
      in the prime rate in an amount equal to such increase or decrease in the prime
      rate; each change to be effective as of the day of the change in such rate.
      The
      Interest Rate shall not be less than eight percent (8%). Interest shall be
      calculated on the basis of a 360-day year. Interest on the Principal Amount
      shall accrue from the date of this Note and be payable semi-annually, in
      arrears, commencing on December 1, 2005 and on the first day of each consecutive
      calendar month thereafter (each, a "Repayment Date") and on the Maturity Date,
      whether by acceleration or otherwise.

     

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    ARTICLE
      II

    

    CONVERSION
      RIGHTS

    

    The
      Holder shall have the right to convert the principal due under this Note into
      Shares of the Borrower's Common Stock, $.001 par value per share (“Common
      Stock”) as set forth below.

    

    2.1. Conversion
      into the Borrower's Common Stock.

    

    (a) The
      Holder shall have the right from and after the date of the issuance of this
      Note
      and then at any time until this Note is fully paid, to convert any outstanding
      and unpaid principal portion of this Note, and accrued interest, at the election
      of the Holder (the date of giving of such notice of conversion being a
      "Conversion Date") into fully paid and nonassessable shares of Common Stock
      as
      such stock exists on the date of issuance of this Note, or any shares of capital
      stock of Borrower into which such Common Stock shall hereafter be changed or
      reclassified, at the conversion price as defined in Section 2.1(b) hereof (the
      "Conversion Price"), determined as provided herein. Upon delivery to the
      Borrower of a completed Notice of Conversion, a form of which is annexed hereto,
      Borrower shall issue and deliver to the Holder within three (3) business days
      from the Conversion Date (such third day being the “Delivery Date”) that number
      of shares of Common Stock for the portion of the Note converted in accordance
      with the foregoing. At the election of the Holder, the Borrower will deliver
      accrued but unpaid interest on the Note in the manner provided in Section 1.3
      through the Conversion Date directly to the Holder on or before the Delivery
      Date (as defined in the Subscription Agreement). The number of shares of Common
      Stock to be issued upon each conversion of this Note shall be determined by
      dividing that portion of the principal of the Note and interest to be converted,
      by the Conversion Price.

    

    (b)  Subject
      to adjustment as provided in this Note and the Subscription Agreement, the
      Conversion Price per share of Common Stock shall be $0.03 per share of Common
      Stock. From and after 270 days after the issue date of this Note if the closing
      bid price of the Common Stock for the Principal Market as reported by Bloomberg
      L.P. is less than $0.03, then the Conversion Price shall be the lesser of $0.03
      or eighty percent (80%) of the average of the five (5) lowest closing bid prices
      of the Common Stock as reported by Bloomberg, L.P. for the Principal Market
      for
      the twenty (20) trading days preceding a Conversion Date.

    

    (c) 
      The
      Conversion Price and number and kind of shares or other securities to be issued
      upon conversion determined pursuant to Section 2.1(a), shall be subject to
      adjustment from time to time upon the happening of certain events while this
      conversion right remains outstanding, as follows:

    

    A. Merger,
      Sale of Assets, etc. If the Borrower at any time shall consolidate with or
      merge
      into or sell or convey all or substantially all its assets to any other
      corporation, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      such number and kind of shares or other securities and property as would have
      been issuable or distributable on account of such consolidation, merger, sale
      or
      conveyance, upon or with respect to the securities subject to the conversion
      or
      purchase right immediately prior to such consolidation, merger, sale or
      conveyance. The foregoing provision shall similarly apply to successive
      transactions of a similar nature by any such successor or purchaser. Without
      limiting the generality of the foregoing, the anti-dilution provisions of this
      Section shall apply to such securities of such successor or purchaser after
      any
      such consolidation, merger, sale or conveyance.

     

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    B. Reclassification,
      etc. If the Borrower at any time shall, by reclassification or otherwise, change
      the Common Stock into the same or a different number of securities of any class
      or classes that may be issued or outstanding, this Note, as to the unpaid
      principal portion thereof and accrued interest thereon, shall thereafter be
      deemed to evidence the right to purchase an adjusted number of such securities
      and kind of securities as would have been issuable as the result of such change
      with respect to the Common Stock immediately prior to such reclassification
      or
      other change.

    

    C. Stock
      Splits, Combinations and Dividends. If the shares of Common Stock are subdivided
      or combined into a greater or smaller number of shares of Common Stock, or
      if a
      dividend is paid on the Common Stock in shares of Common Stock, the Conversion
      Price shall be proportionately reduced in case of subdivision of shares or
      stock
      dividend or proportionately increased in the case of combination of shares,
      in
      each such case by the ratio which the total number of shares of Common Stock
      outstanding immediately after such event bears to the total number of shares
      of
      Common Stock outstanding immediately prior to such event..

     

    D. Share
      Issuance. So long as this Note is outstanding, if the Borrower shall issue
      or
      agree to issue any shares of Common Stock except for the Excepted Issuances
      (as
      defined in the Subscription Agreement) for a consideration less than the
      Conversion Price [determined as being the lesser of the Conversion Price set
      forth in Sections 2.1(b)(i) and 2.1(b)(ii) above, without regard to the last
      sentence of Section 2.1(b)] in effect at the time of such issue, then, and
      thereafter successively upon each such issue, the Conversion Price shall be
      reduced to such other lower issue price. For purposes of this adjustment, the
      issuance of any security carrying the right to convert such security into shares
      of Common Stock or of any warrant, right or option to purchase Common Stock
      shall result in an adjustment to the Conversion Price upon the issuance of
      the
      above-described security and again upon the issuance of shares of Common Stock
      upon exercise of such conversion or purchase rights if such issuance is at
      a
      price lower than the then applicable Conversion Price. The reduction of the
      Conversion Price described in this paragraph is in addition to other rights
      of
      the Holder described in this Note and the Subscription Agreement.

    

    (d) Whenever
      the Conversion Price is adjusted pursuant to Section 2.1(b) or Section 2.1(c)
      above, the Borrower shall promptly mail to the Holder a notice setting forth
      the
      Conversion Price after such adjustment and setting forth a statement of the
      facts requiring such adjustment.

    

    (e) During
      the period the conversion right exists, Borrower will reserve from its
      authorized and unissued Common Stock not less than 175% of the number of shares
      to provide for the issuance of Common Stock issuable upon the full conversion
      of
      this Note. Borrower represents that upon issuance, such shares will be duly
      and
      validly issued, fully paid and non-assessable. Borrower agrees that its issuance
      of this Note shall constitute full authority to its officers, agents, and
      transfer agents who are charged with the duty of executing and issuing stock
      certificates to execute and issue the necessary certificates for shares of
      Common Stock upon the conversion of this Note.

     

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    2.2 Method
      of Conversion.
      This
      Note may be converted by the Holder in whole or in part as described in Section
      2.1(a) hereof and the Subscription Agreement. Upon partial conversion of this
      Note, a new Note containing the same date and provisions of this Note shall,
      at
      the request of the Holder, be issued by the Borrower to the Holder for the
      principal balance of this Note and interest which shall not have been converted
      or paid.

    

    2.3. Optional
      Redemption of Principal Amount.
      Provided an Event of Default has not occurred, whether or not such Event of
      Default has been cured, the Borrower will have the option of prepaying the
      outstanding Principal Amount ("Optional Redemption"), in whole or in part,
      by
      paying to the Holder a sum of money equal to one hundred twenty percent (120%)
      of the Principal Amount to be redeemed, together with accrued but unpaid
      interest thereon and any and all other sums due, accrued or payable to the
      Holder arising under this Note, the Subscription Agreement or any Transaction
      Document through the Redemption Payment Date as defined below (the "Redemption
      Amount"). Borrower’s election to exercise its right to prepay must be by notice
      in writing (“Notice of Redemption”). The Notice of Redemption shall specify the
      date for such Optional Redemption (the "Redemption Payment Date"), which date
      shall be not less than thirty (30) business days after the date of the Notice
      of
      Redemption (the "Redemption Period"). A Notice of Redemption shall not be
      effective with respect to any portion of the Principal Amount for which the
      Holder has a pending election to convert pursuant to Section 3.1, or for
      conversions initiated or made by the Holder pursuant to Section 3.1 during
      the
      Redemption Period. On the Redemption Payment Date, the Redemption Amount less
      any portion of the Redemption Amount against which the Holder has exercised
      its
      rights pursuant to Section 3.1, shall be paid in good funds to the Holder.
      In
      the event the Borrower fails to pay the Redemption Amount on the Redemption
      Payment Date as set forth herein, then (i) such Notice of Redemption will be
      null and void, (ii) Borrower will have no right to deliver another Notice of
      Redemption, and (iii) Borrower’s failure may be deemed by Holder to be a
      non-curable Event of Default. In the event the Holder, prior to the filing
      of a
      registration statement as required in the Subscription Agreement (i) raises
      greater than five million dollars ($5,000,000) in financing and (ii) provides
      a
      Notice of Redemption, the Holder shall, upon full payment of the Redemption
      Amount shall release all security interests, and Borrower shall have no
      obligations to the Holder except that the Holder shall retain the Warrant and
      all registration and other rights in connection with the Warrants granted to
      the
      Holder pursuant to the Transaction Documents. Notwithstanding the foregoing,
      the
      Borrower may only exercise its Optional Redemption, provided there is an
      effective registration statement for the sale of the securities.

    

    2.4 Maximum
      Conversion.
      The
      Holder shall not be entitled to convert on a Conversion Date that amount of
      the
      Note in connection with that number of shares of Common Stock which would be
      in
      excess of the sum of (i) the number of shares of Common Stock beneficially
      owned
      by the Holder and its affiliates on a Conversion Date, (ii) any Common Stock
      issuable in connection with the unconverted portion of the Note, and (iii)
      the
      number of shares of Common Stock issuable upon the conversion of the Note with
      respect to which the determination of this provision is being made on a
      Conversion Date, which would result in beneficial ownership by the Holder and
      its affiliates of more than 4.99% of the outstanding shares of Common Stock
      of
      the Borrower on such Conversion Date. For the purposes of the provision to
      the
      immediately preceding sentence, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Securities Exchange Act of 1934, as
      amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder
      shall not be limited to aggregate conversions of only 4.99% and aggregate
      conversion by the Holder may exceed 4.99%. The Holder shall have the authority
      and obligation to determine whether the restriction contained in this Section
      2.3 will limit any conversion hereunder and to the extent that the Holder
      determines that the limitation contained in this Section applies, the
      determination of which portion of the Notes are convertible shall be the
      responsibility and obligation of the Holder. The Holder may waive the conversion
      limitation described in this Section 2.3, in whole or in part, upon and
      effective after 61 days prior written notice to the Borrower. The Holder may
      allocate which of the equity of the Borrower deemed beneficially owned by the
      Holder shall be included in the 4.99% amount described above and which shall
      be
      allocated to the excess above 4.99%.

    

    ARTICLE
      III

    

    EVENT
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon demand, without presentment, or grace period, all of which
      hereby are expressly waived, except as set forth below:

    

    3.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of principal, interest or other sum due
      under this Note when due and such failure continues for a period of ten (10)
      days after the due date. The ten (10) day period described in this Section
      3.1
      is the same ten (10) day period described in Section 1.1 hereof.

     

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    3.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of the
      Subscription Agreement or this Note in any material respect and such breach,
      if
      subject to cure, continues for a period of ten (10) business days after written
      notice to the Borrower from the Holder.

    

    3.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, in the
      Subscription Agreement, or in any agreement, statement or certificate given
      in
      writing pursuant hereto or in connection therewith shall be false or misleading
      in any material respect as of the date made and the Closing Date.

    

    3.4 Receiver
      or Trustee.
      The
      Borrower shall make an assignment for the benefit of creditors, or apply for
      or
      consent to the appointment of a receiver or trustee for it or for a substantial
      part of its property or business; or such a receiver or trustee shall otherwise
      be appointed.

    

    3.5 Judgments.
      Any
      money judgment, writ or similar final process shall be entered or filed against
      Borrower or any of its property or other assets for more than $50,000, and
      shall
      remain unvacated, unbonded or unstayed for a period of forty-five (45)
      days.

    

    3.6 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower and if instituted against Borrower are
      not
      dismissed within 45 days of initiation.

    

    3.7  Delisting.
      Delisting of the Common Stock from the OTC Bulletin Board (“Bulletin Board”) or
      Principal Market; failure to comply with the requirements for continued listing
      on the Bulletin Board for a period of five consecutive trading days; or
      notification from the Bulletin Board or any Principal Market that the Borrower
      is not in compliance with the conditions for such continued listing on the
      Bulletin Board or other Principal Market.

    

    3.8 Non-Payment.
      A
      default by the Borrower under any one or more obligations in an aggregate
      monetary amount in excess of $75,000 for more than twenty days after the due
      date, unless the Borrower is contesting the validity of such obligation in
      good
      faith.

    

    3.9 Stop
      Trade.
      An SEC
      or judicial stop trade order or Principal Market trading suspension that lasts
      for five or more consecutive trading days.

    

    3.10 Failure
      to Deliver Common Stock or Replacement Note.
      Borrower's failure to timely deliver Common Stock to the Holder pursuant to
      and
      in the form required by this Note and Sections 7 and 11 of the Subscription
      Agreement, or, if required, a replacement Note.

    

    3.11 Non-Registration
      Event.
      The
      occurrence of a Non-Registration Event as described in Section 11.4 of the
      Subscription Agreement.

    

    3.12 Reservation
      Default.
      Failure
      by the Borrower to have reserved for issuance upon conversion of the Note the
      amount of Common stock as set forth in this Note and the Subscription
      Agreement.

     

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    3.13 Cross
      Default.
      A
      default by the Borrower of a material term, covenant, warranty or undertaking
      of
      any other agreement to which the Borrower and Holder are parties, or the
      occurrence of a material event of default under any such other agreement which
      is not cured after any required notice and/or cure period.

    

    ARTICLE
      IV

    

    SECURITY
      INTEREST

    

    4. Security
      Interest/Waiver of Automatic Stay.
      This
      Note
      is secured by a security interest granted to the Collateral Agent for the
      benefit of the Holder pursuant to a Security Agreement, as delivered by Borrower
      to Holder. The Borrower acknowledges and agrees that should a proceeding under
      any bankruptcy or insolvency law be commenced by or against the Borrower, or
      if
      any of the Collateral (as defined in the Security Agreement) should become
      the
      subject of any bankruptcy or insolvency proceeding, then the Holder should
      be
      entitled to, among other relief to which the Holder may be entitled under the
      Transaction Documents and any other agreement to which the Borrower and Holder
      are parties (collectively, "Loan Documents") and/or applicable law, an order
      from the court granting immediate relief from the automatic stay pursuant to
      11
      U.S.C. Section 362 to permit the Holder to exercise all of its rights and
      remedies pursuant to the Loan Documents and/or applicable law. THE BORROWER
      EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED BY 11 U.S.C. SECTION
      362. FURTHERMORE, THE BORROWER EXPRESSLY ACKNOWLEDGES AND AGREES THAT NEITHER
      11
      U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE
      OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION 105) SHALL STAY,
      INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE HOLDER
      TO
      ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS AND/OR
      APPLICABLE LAW. The Borrower hereby consents to any motion for relief from
      stay
      that may be filed by the Holder in any bankruptcy or insolvency proceeding
      initiated by or against the Borrower and, further, agrees not to file any
      opposition to any motion for relief from stay filed by the Holder. The Borrower
      represents, acknowledges and agrees that this provision is a specific and
      material aspect of the Loan Documents, and that the Holder would not agree
      to
      the terms of the Loan Documents if this waiver were not a part of this Note.
      The
      Borrower further represents, acknowledges and agrees that this waiver is
      knowingly, intelligently and voluntarily made, that neither the Holder nor
      any
      person acting on behalf of the Holder has made any representations to induce
      this waiver, that the Borrower has been represented (or has had the opportunity
      to he represented) in the signing of this Note and the Loan Documents and in
      the
      making of this waiver by independent legal counsel selected by the Borrower
      and
      that the Borrower has discussed this waiver with counsel.

    

    ARTICLE
      V

    

    MISCELLANEOUS

    

    5.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

    

    5.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower to: Kaire
      Holdings Incorporated, 552
      Sespe
      Avenue, Suite D, Fillmore, CA 93015, telecopier number: (805) 524-2344, with
      a
      copy by telecopier only to: Owen M. Naccarato, Esq., Naccarato & Associates,
      18301 Von Karman Avenue, Suite 430, Irvine, CA 92612, telecopier: (949)
      851-9262, and (ii) if to the Holder, to the name, address and telecopy number
      set forth on the front page of this Note, with a copy by telecopier only to
      Grushko & Mittman, P.C., 551 Fifth Avenue, Suite 1601, New York, New York
      10176, telecopier number: (212) 697-3575.

     

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    5.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    5.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    5.5 Cost
      of Collection.
      If
      default is made in the payment of this Note, Borrower shall pay the Holder
      hereof reasonable costs of collection, including reasonable attorneys'
      fees.

    

    5.6 Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of New York. Any action brought by either party against the other concerning
      the
      transactions contemplated by this Agreement shall be brought only in the state
      courts of New York or in the federal courts located in the state of New York.
      Both parties and the individual signing this Agreement on behalf of the Borrower
      agree to submit to the jurisdiction of such courts. The prevailing party shall
      be entitled to recover from the other party its reasonable attorney's fees
      and
      costs.

    

    5.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

    

    5.8 Shareholder
      Status.
      The
      Holder shall not have rights as a shareholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have all the rights
      of a shareholder of the Borrower with respect to the shares of Common Stock
      to
      be received by Holder after delivery by the Holder of a Conversion Notice to
      the
      Borrower.

    

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    IN
      WITNESS WHEREOF,
      Borrower has caused this Note to be signed in its name by an authorized officer
      as of the 23rd
      day
      of
      June, 2005.

    

    KAIRE
      HOLDINGS, INC.

    

    

    /S/
      Steve
      Westlund 

    By:________________________________

    Name:
      Steve Westlund

    Title:
      CEO, Director

    WITNESS:

    

    

    

    ______________________________________

     

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    NOTICE
      OF CONVERSION

    

    (To
      be
      executed by the Registered Holder in order to convert the Note)

    

    

    The
      undersigned hereby elects to convert $_________ of the principal and $_________
      of the interest due on the Note issued by KAIRE HOLDINGS, INC. on June ____,
      2005 into Shares of Common Stock of KAIRE HOLDINGS, INC. (the "Borrower")
      according to the conditions set forth in such Note, as of the date written
      below.

    

    

    

    Date
      of
      Conversion:____________________________________________________________________

    

    

    Conversion
      Price:______________________________________________________________________

    

    

    Shares
      To
      Be
      Delivered:_________________________________________________________________

    

    

    Signature:____________________________________________________________________________

    

    

    Print
      Name:__________________________________________________________________________

    

    

    Address:_____________________________________________________________________________

    

    ____________________________________________________________________________

     

    9Longview Equity Convertible Note June 2005

    EXHIBIT
      10.69

    

    THIS
      NOTE AND THE COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE HAVE NOT BEEN
      REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED. THIS NOTE AND THE
      COMMON SHARES ISSUABLE UPON CONVERSION OF THIS NOTE MAY NOT BE SOLD, OFFERED
      FOR
      SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE OF AN EFFECTIVE REGISTRATION
      STATEMENT AS TO THIS NOTE UNDER SAID ACT OR AN OPINION OF COUNSEL REASONABLY
      SATISFACTORY TO KAIRE HOLDINGS, INC. THAT SUCH REGISTRATION IS NOT
      REQUIRED.

    

    SECURED
      CONVERTIBLE NOTE

    

    FOR
      VALUE
      RECEIVED, KAIRE HOLDINGS, INC., a Delaware corporation (hereinafter called
      "Borrower"), hereby promises to pay to LONGVIEW EQUITY FUND LP, 600 Montgomery
      Street, 44th
      Floor,
      San Francisco, CA 94111, Fax: (415) 981-5301 (the "Holder") or order, without
      demand, the sum of One Hundred and Seventy-Five Thousand Dollars ($175,000.00),
      with simple interest accruing on June 23, 2007 (the "Maturity Date"), if not
      paid sooner.

    

    This
      Note
      has been entered into pursuant to the terms of a subscription agreement between
      the Borrower and the Holder, dated of even date herewith (the “Subscription
      Agreement”), and shall be governed by the terms of such Subscription Agreement.
      Unless otherwise separately defined herein, all capitalized terms used in this
      Note shall have the same meaning as is set forth in the Subscription Agreement.
      The following terms shall apply to this Note:

    

    ARTICLE
      I

    

    GENERAL
      PROVISIONS

    

    1.1 Payment
      Grace Period.
      The
      Borrower shall have a ten (10) day grace period to pay any monetary amounts
      due
      under this Note, after which grace period a default interest rate of fifteen
      percent (15%) per annum shall apply to the amounts owed hereunder.

    

    1.2 Conversion
      Privileges.
      The
      Conversion Privileges set forth in Article II shall remain in full force and
      effect immediately from the date hereof and until the Note is paid in full
      regardless of the occurrence of an Event of Default. The Note shall be payable
      in full on the Maturity Date, unless previously converted into Common Stock
      in
      accordance with Article II hereof; provided, that if an Event of Default has
      occurred, the Borrower may not pay this Note, without the consent of the Holder,
      until one year after the later of the date the Event of Default has been cured
      or one year after the Maturity Date.

    

    1.3 Interest
      Rate.
      Subject
      to Section 5.7 hereof, interest payable on this Note shall accrue at a rate
      per
      annum (the "Interest Rate") equal to the "prime rate" published in The Wall
      Street Journal from time to time, plus four percent (4%). The interest rate
      shall be increased or decreased as the case may be for each increase or decrease
      in the prime rate in an amount equal to such increase or decrease in the prime
      rate; each change to be effective as of the day of the change in such rate.
      The
      Interest Rate shall not be less than eight percent (8%). Interest shall be
      calculated on the basis of a 360-day year. Interest on the Principal Amount
      shall accrue from the date of this Note and be payable semi-annually, in
      arrears, commencing on December 1, 2005 and on the first day of each consecutive
      calendar month thereafter (each, a "Repayment Date") and on the Maturity Date,
      whether by acceleration or otherwise.

    

    1

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    ARTICLE
      II

    

    CONVERSION
      RIGHTS

    

    The
      Holder shall have the right to convert the principal due under this Note into
      Shares of the Borrower's Common Stock, $.001 par value per share (“Common
      Stock”) as set forth below.

    

    2.1. Conversion
      into the Borrower's Common Stock.

    

    (a) The
      Holder shall have the right from and after the date of the issuance of this
      Note
      and then at any time until this Note is fully paid, to convert any outstanding
      and unpaid principal portion of this Note, and accrued interest, at the election
      of the Holder (the date of giving of such notice of conversion being a
      "Conversion Date") into fully paid and nonassessable shares of Common Stock
      as
      such stock exists on the date of issuance of this Note, or any shares of capital
      stock of Borrower into which such Common Stock shall hereafter be changed or
      reclassified, at the conversion price as defined in Section 2.1(b) hereof (the
      "Conversion Price"), determined as provided herein. Upon delivery to the
      Borrower of a completed Notice of Conversion, a form of which is annexed hereto,
      Borrower shall issue and deliver to the Holder within three (3) business days
      from the Conversion Date (such third day being the “Delivery Date”) that number
      of shares of Common Stock for the portion of the Note converted in accordance
      with the foregoing. At the election of the Holder, the Borrower will deliver
      accrued but unpaid interest on the Note in the manner provided in Section 1.3
      through the Conversion Date directly to the Holder on or before the Delivery
      Date (as defined in the Subscription Agreement). The number of shares of Common
      Stock to be issued upon each conversion of this Note shall be determined by
      dividing that portion of the principal of the Note and interest to be converted,
      by the Conversion Price.

    

    (b)  Subject
      to adjustment as provided in this Note and the Subscription Agreement, the
      Conversion Price per share of Common Stock shall be $0.03 per share of Common
      Stock. From and after 270 days after the issue date of this Note if the closing
      bid price of the Common Stock for the Principal Market as reported by Bloomberg
      L.P. is less than $0.03, then the Conversion Price shall be the lesser of $0.03
      or eighty percent (80%) of the average of the five (5) lowest closing bid prices
      of the Common Stock as reported by Bloomberg, L.P. for the Principal Market
      for
      the twenty (20) trading days preceding a Conversion Date.

    

    (c) 
      The
      Conversion Price and number and kind of shares or other securities to be issued
      upon conversion determined pursuant to Section 2.1(a), shall be subject to
      adjustment from time to time upon the happening of certain events while this
      conversion right remains outstanding, as follows:

    

    A. Merger,
      Sale of Assets, etc. If the Borrower at any time shall consolidate with or
      merge
      into or sell or convey all or substantially all its assets to any other
      corporation, this Note, as to the unpaid principal portion thereof and accrued
      interest thereon, shall thereafter be deemed to evidence the right to purchase
      such number and kind of shares or other securities and property as would have
      been issuable or distributable on account of such consolidation, merger, sale
      or
      conveyance, upon or with respect to the securities subject to the conversion
      or
      purchase right immediately prior to such consolidation, merger, sale or
      conveyance. The foregoing provision shall similarly apply to successive
      transactions of a similar nature by any such successor or purchaser. Without
      limiting the generality of the foregoing, the anti-dilution provisions of this
      Section shall apply to such securities of such successor or purchaser after
      any
      such consolidation, merger, sale or conveyance.

    

    B. Reclassification,
      etc. If the Borrower at any time shall, by reclassification or otherwise, change
      the Common Stock into the same or a different number of securities of any class
      or classes that may be issued or outstanding, this Note, as to the unpaid
      principal portion thereof and accrued interest thereon, shall thereafter be
      deemed to evidence the right to purchase an adjusted number of such securities
      and kind of securities as would have been issuable as the result of such change
      with respect to the Common Stock immediately prior to such reclassification
      or
      other change.

     

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    C. Stock
      Splits, Combinations and Dividends. If the shares of Common Stock are subdivided
      or combined into a greater or smaller number of shares of Common Stock, or
      if a
      dividend is paid on the Common Stock in shares of Common Stock, the Conversion
      Price shall be proportionately reduced in case of subdivision of shares or
      stock
      dividend or proportionately increased in the case of combination of shares,
      in
      each such case by the ratio which the total number of shares of Common Stock
      outstanding immediately after such event bears to the total number of shares
      of
      Common Stock outstanding immediately prior to such event..

     

    D. Share
      Issuance. So long as this Note is outstanding, if the Borrower shall issue
      or
      agree to issue any shares of Common Stock except for the Excepted Issuances
      (as
      defined in the Subscription Agreement) for a consideration less than the
      Conversion Price [determined as being the lesser of the Conversion Price set
      forth in Sections 2.1(b)(i) and 2.1(b)(ii) above, without regard to the last
      sentence of Section 2.1(b)] in effect at the time of such issue, then, and
      thereafter successively upon each such issue, the Conversion Price shall be
      reduced to such other lower issue price. For purposes of this adjustment, the
      issuance of any security carrying the right to convert such security into shares
      of Common Stock or of any warrant, right or option to purchase Common Stock
      shall result in an adjustment to the Conversion Price upon the issuance of
      the
      above-described security and again upon the issuance of shares of Common Stock
      upon exercise of such conversion or purchase rights if such issuance is at
      a
      price lower than the then applicable Conversion Price. The reduction of the
      Conversion Price described in this paragraph is in addition to other rights
      of
      the Holder described in this Note and the Subscription Agreement.

    

    (d) Whenever
      the Conversion Price is adjusted pursuant to Section 2.1(b) or Section 2.1(c)
      above, the Borrower shall promptly mail to the Holder a notice setting forth
      the
      Conversion Price after such adjustment and setting forth a statement of the
      facts requiring such adjustment.

    

    (e) During
      the period the conversion right exists, Borrower will reserve from its
      authorized and unissued Common Stock not less than 175% of the number of shares
      to provide for the issuance of Common Stock issuable upon the full conversion
      of
      this Note. Borrower represents that upon issuance, such shares will be duly
      and
      validly issued, fully paid and non-assessable. Borrower agrees that its issuance
      of this Note shall constitute full authority to its officers, agents, and
      transfer agents who are charged with the duty of executing and issuing stock
      certificates to execute and issue the necessary certificates for shares of
      Common Stock upon the conversion of this Note.

    

    2.2 Method
      of Conversion.
      This
      Note may be converted by the Holder in whole or in part as described in Section
      2.1(a) hereof and the Subscription Agreement. Upon partial conversion of this
      Note, a new Note containing the same date and provisions of this Note shall,
      at
      the request of the Holder, be issued by the Borrower to the Holder for the
      principal balance of this Note and interest which shall not have been converted
      or paid.

    

    2.3. Optional
      Redemption of Principal Amount.
      Provided an Event of Default has not occurred, whether or not such Event of
      Default has been cured, the Borrower will have the option of prepaying the
      outstanding Principal Amount ("Optional Redemption"), in whole or in part,
      by
      paying to the Holder a sum of money equal to one hundred twenty percent (120%)
      of the Principal Amount to be redeemed, together with accrued but unpaid
      interest thereon and any and all other sums due, accrued or payable to the
      Holder arising under this Note, the Subscription Agreement or any Transaction
      Document through the Redemption Payment Date as defined below (the "Redemption
      Amount"). Borrower’s election to exercise its right to prepay must be by notice
      in writing (“Notice of Redemption”). The Notice of Redemption shall specify the
      date for such Optional Redemption (the "Redemption Payment Date"), which date
      shall be not less than thirty (30) business days after the date of the Notice
      of
      Redemption (the "Redemption Period"). A Notice of Redemption shall not be
      effective with respect to any portion of the Principal Amount for which the
      Holder has a pending election to convert pursuant to Section 3.1, or for
      conversions initiated or made by the Holder pursuant to Section 3.1 during
      the
      Redemption Period. On the Redemption Payment Date, the Redemption Amount less
      any portion of the Redemption Amount against which the Holder has exercised
      its
      rights pursuant to Section 3.1, shall be paid in good funds to the Holder.
      In
      the event the Borrower fails to pay the Redemption Amount on the Redemption
      Payment Date as set forth herein, then (i) such Notice of Redemption will be
      null and void, (ii) Borrower will have no right to deliver another Notice of
      Redemption, and (iii) Borrower’s failure may be deemed by Holder to be a
      non-curable Event of Default. In the event the Holder, prior to the filing
      of a
      registration statement as required in the Subscription Agreement (i) raises
      greater than five million dollars ($5,000,000) in financing and (ii) provides
      a
      Notice of Redemption, the Holder shall, upon full payment of the Redemption
      Amount shall release all security interests, and Borrower shall have no
      obligations to the Holder except that the Holder shall retain the Warrant and
      all registration and other rights in connection with the Warrants granted to
      the
      Holder pursuant to the Transaction Documents. Notwithstanding the foregoing,
      the
      Borrower may only exercise its Optional Redemption, provided there is an
      effective registration statement for the sale of the securities.

     

                                            3

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    2.4 Maximum
      Conversion.
      The
      Holder shall not be entitled to convert on a Conversion Date that amount of
      the
      Note in connection with that number of shares of Common Stock which would be
      in
      excess of the sum of (i) the number of shares of Common Stock beneficially
      owned
      by the Holder and its affiliates on a Conversion Date, (ii) any Common Stock
      issuable in connection with the unconverted portion of the Note, and (iii)
      the
      number of shares of Common Stock issuable upon the conversion of the Note with
      respect to which the determination of this provision is being made on a
      Conversion Date, which would result in beneficial ownership by the Holder and
      its affiliates of more than 4.99% of the outstanding shares of Common Stock
      of
      the Borrower on such Conversion Date. For the purposes of the provision to
      the
      immediately preceding sentence, beneficial ownership shall be determined in
      accordance with Section 13(d) of the Securities Exchange Act of 1934, as
      amended, and Regulation 13d-3 thereunder. Subject to the foregoing, the Holder
      shall not be limited to aggregate conversions of only 4.99% and aggregate
      conversion by the Holder may exceed 4.99%. The Holder shall have the authority
      and obligation to determine whether the restriction contained in this Section
      2.3 will limit any conversion hereunder and to the extent that the Holder
      determines that the limitation contained in this Section applies, the
      determination of which portion of the Notes are convertible shall be the
      responsibility and obligation of the Holder. The Holder may waive the conversion
      limitation described in this Section 2.3, in whole or in part, upon and
      effective after 61 days prior written notice to the Borrower. The Holder may
      allocate which of the equity of the Borrower deemed beneficially owned by the
      Holder shall be included in the 4.99% amount described above and which shall
      be
      allocated to the excess above 4.99%.

    

    ARTICLE
      III

    

    EVENT
      OF DEFAULT

    

    The
      occurrence of any of the following events of default ("Event of Default") shall,
      at the option of the Holder hereof, make all sums of principal and interest
      then
      remaining unpaid hereon and all other amounts payable hereunder immediately
      due
      and payable, upon demand, without presentment, or grace period, all of which
      hereby are expressly waived, except as set forth below:

    

    3.1 Failure
      to Pay Principal or Interest.
      The
      Borrower fails to pay any installment of principal, interest or other sum due
      under this Note when due and such failure continues for a period of ten (10)
      days after the due date. The ten (10) day period described in this Section
      3.1
      is the same ten (10) day period described in Section 1.1 hereof.

    

    3.2 Breach
      of Covenant.
      The
      Borrower breaches any material covenant or other term or condition of the
      Subscription Agreement or this Note in any material respect and such breach,
      if
      subject to cure, continues for a period of ten (10) business days after written
      notice to the Borrower from the Holder.

     

     

    4

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    3.3 Breach
      of Representations and Warranties.
      Any
      material representation or warranty of the Borrower made herein, in the
      Subscription Agreement, or in any agreement, statement or certificate given
      in
      writing pursuant hereto or in connection therewith shall be false or misleading
      in any material respect as of the date made and the Closing Date.

    

    3.4 Receiver
      or Trustee.
      The
      Borrower shall make an assignment for the benefit of creditors, or apply for
      or
      consent to the appointment of a receiver or trustee for it or for a substantial
      part of its property or business; or such a receiver or trustee shall otherwise
      be appointed.

    

    3.5 Judgments.
      Any
      money judgment, writ or similar final process shall be entered or filed against
      Borrower or any of its property or other assets for more than $50,000, and
      shall
      remain unvacated, unbonded or unstayed for a period of forty-five (45)
      days.

    

    3.6 Bankruptcy.
      Bankruptcy, insolvency, reorganization or liquidation proceedings or other
      proceedings or relief under any bankruptcy law or any law, or the issuance
      of
      any notice in relation to such event, for the relief of debtors shall be
      instituted by or against the Borrower and if instituted against Borrower are
      not
      dismissed within 45 days of initiation.

    

    3.7  Delisting.
      Delisting of the Common Stock from the OTC Bulletin Board (“Bulletin Board”) or
      Principal Market; failure to comply with the requirements for continued listing
      on the Bulletin Board for a period of five consecutive trading days; or
      notification from the Bulletin Board or any Principal Market that the Borrower
      is not in compliance with the conditions for such continued listing on the
      Bulletin Board or other Principal Market.

    

    3.8 Non-Payment.
      A
      default by the Borrower under any one or more obligations in an aggregate
      monetary amount in excess of $75,000 for more than twenty days after the due
      date, unless the Borrower is contesting the validity of such obligation in
      good
      faith.

    

    3.9 Stop
      Trade.
      An SEC
      or judicial stop trade order or Principal Market trading suspension that lasts
      for five or more consecutive trading days.

    

    3.10 Failure
      to Deliver Common Stock or Replacement Note.
      Borrower's failure to timely deliver Common Stock to the Holder pursuant to
      and
      in the form required by this Note and Sections 7 and 11 of the Subscription
      Agreement, or, if required, a replacement Note.

    

    3.11 Non-Registration
      Event.
      The
      occurrence of a Non-Registration Event as described in Section 11.4 of the
      Subscription Agreement.

    

    3.12 Reservation
      Default.
      Failure
      by the Borrower to have reserved for issuance upon conversion of the Note the
      amount of Common stock as set forth in this Note and the Subscription
      Agreement.

    

    3.13 Cross
      Default.
      A
      default by the Borrower of a material term, covenant, warranty or undertaking
      of
      any other agreement to which the Borrower and Holder are parties, or the
      occurrence of a material event of default under any such other agreement which
      is not cured after any required notice and/or cure period.

     

    5

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
 

    ARTICLE
      IV

    

    SECURITY
      INTEREST

    

    4. Security
      Interest/Waiver of Automatic Stay.
      This
      Note
      is secured by a security interest granted to the Collateral Agent for the
      benefit of the Holder pursuant to a Security Agreement, as delivered by Borrower
      to Holder. The Borrower acknowledges and agrees that should a proceeding under
      any bankruptcy or insolvency law be commenced by or against the Borrower, or
      if
      any of the Collateral (as defined in the Security Agreement) should become
      the
      subject of any bankruptcy or insolvency proceeding, then the Holder should
      be
      entitled to, among other relief to which the Holder may be entitled under the
      Transaction Documents and any other agreement to which the Borrower and Holder
      are parties (collectively, "Loan Documents") and/or applicable law, an order
      from the court granting immediate relief from the automatic stay pursuant to
      11
      U.S.C. Section 362 to permit the Holder to exercise all of its rights and
      remedies pursuant to the Loan Documents and/or applicable law. THE BORROWER
      EXPRESSLY WAIVES THE BENEFIT OF THE AUTOMATIC STAY IMPOSED BY 11 U.S.C. SECTION
      362. FURTHERMORE, THE BORROWER EXPRESSLY ACKNOWLEDGES AND AGREES THAT NEITHER
      11
      U.S.C. SECTION 362 NOR ANY OTHER SECTION OF THE BANKRUPTCY CODE OR OTHER STATUTE
      OR RULE (INCLUDING, WITHOUT LIMITATION, 11 U.S.C. SECTION 105) SHALL STAY,
      INTERDICT, CONDITION, REDUCE OR INHIBIT IN ANY WAY THE ABILITY OF THE HOLDER
      TO
      ENFORCE ANY OF ITS RIGHTS AND REMEDIES UNDER THE LOAN DOCUMENTS AND/OR
      APPLICABLE LAW. The Borrower hereby consents to any motion for relief from
      stay
      that may be filed by the Holder in any bankruptcy or insolvency proceeding
      initiated by or against the Borrower and, further, agrees not to file any
      opposition to any motion for relief from stay filed by the Holder. The Borrower
      represents, acknowledges and agrees that this provision is a specific and
      material aspect of the Loan Documents, and that the Holder would not agree
      to
      the terms of the Loan Documents if this waiver were not a part of this Note.
      The
      Borrower further represents, acknowledges and agrees that this waiver is
      knowingly, intelligently and voluntarily made, that neither the Holder nor
      any
      person acting on behalf of the Holder has made any representations to induce
      this waiver, that the Borrower has been represented (or has had the opportunity
      to he represented) in the signing of this Note and the Loan Documents and in
      the
      making of this waiver by independent legal counsel selected by the Borrower
      and
      that the Borrower has discussed this waiver with counsel.

    

    ARTICLE
      V

    

    MISCELLANEOUS

    

    5.1 Failure
      or Indulgence Not Waiver.
      No
      failure or delay on the part of Holder hereof in the exercise of any power,
      right or privilege hereunder shall operate as a waiver thereof, nor shall any
      single or partial exercise of any such power, right or privilege preclude other
      or further exercise thereof or of any other right, power or privilege. All
      rights and remedies existing hereunder are cumulative to, and not exclusive
      of,
      any rights or remedies otherwise available.

    

    5.2 Notices.
      All
      notices, demands, requests, consents, approvals, and other communications
      required or permitted hereunder shall be in writing and, unless otherwise
      specified herein, shall be (i) personally served, (ii) deposited in the mail,
      registered or certified, return receipt requested, postage prepaid, (iii)
      delivered by reputable air courier service with charges prepaid, or (iv)
      transmitted by hand delivery, telegram, or facsimile, addressed as set forth
      below or to such other address as such party shall have specified most recently
      by written notice. Any notice or other communication required or permitted
      to be
      given hereunder shall be deemed effective (a) upon hand delivery or delivery
      by
      facsimile, with accurate confirmation generated by the transmitting facsimile
      machine, at the address or number designated below (if delivered on a business
      day during normal business hours where such notice is to be received), or the
      first business day following such delivery (if delivered other than on a
      business day during normal business hours where such notice is to be received)
      or (b) on the second business day following the date of mailing by express
      courier service, fully prepaid, addressed to such address, or upon actual
      receipt of such mailing, whichever shall first occur. The addresses for such
      communications shall be: (i) if to the Borrower to: Kaire
      Holdings Incorporated, 552
      Sespe
      Avenue, Suite D, Fillmore, CA 93015, telecopier number: (805) 524-2344, with
      a
      copy by telecopier only to: Owen M. Naccarato, Esq., Naccarato & Associates,
      18301 Von Karman Avenue, Suite 430, Irvine, CA 92612, telecopier: (949)
      851-9262, and (ii) if to the Holder, to the name, address and telecopy number
      set forth on the front page of this Note, with a copy by telecopier only to
      Grushko & Mittman, P.C., 551 Fifth Avenue, Suite 1601, New York, New York
      10176, telecopier number: (212) 697-3575.

     

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    5.3 Amendment
      Provision.
      The
      term "Note" and all reference thereto, as used throughout this instrument,
      shall
      mean this instrument as originally executed, or if later amended or
      supplemented, then as so amended or supplemented.

    

    5.4 Assignability.
      This
      Note shall be binding upon the Borrower and its successors and assigns, and
      shall inure to the benefit of the Holder and its successors and
      assigns.

    

    5.5 Cost
      of Collection.
      If
      default is made in the payment of this Note, Borrower shall pay the Holder
      hereof reasonable costs of collection, including reasonable attorneys'
      fees.

    

    5.6 Governing
      Law.
      This
      Note shall be governed by and construed in accordance with the laws of the
      State
      of New York. Any action brought by either party against the other concerning
      the
      transactions contemplated by this Agreement shall be brought only in the state
      courts of New York or in the federal courts located in the state of New York.
      Both parties and the individual signing this Agreement on behalf of the Borrower
      agree to submit to the jurisdiction of such courts. The prevailing party shall
      be entitled to recover from the other party its reasonable attorney's fees
      and
      costs.

    

    5.7 Maximum
      Payments.
      Nothing
      contained herein shall be deemed to establish or require the payment of a rate
      of interest or other charges in excess of the maximum permitted by applicable
      law. In the event that the rate of interest required to be paid or other charges
      hereunder exceed the maximum permitted by such law, any payments in excess
      of
      such maximum shall be credited against amounts owed by the Borrower to the
      Holder and thus refunded to the Borrower.

    

    5.8 Shareholder
      Status.
      The
      Holder shall not have rights as a shareholder of the Borrower with respect
      to
      unconverted portions of this Note. However, the Holder will have all the rights
      of a shareholder of the Borrower with respect to the shares of Common Stock
      to
      be received by Holder after delivery by the Holder of a Conversion Notice to
      the
      Borrower.

    

     

    7

    
 

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    IN
      WITNESS WHEREOF,
      Borrower has caused this Note to be signed in its name by an authorized officer
      as of the 23rd
      day of
      June, 2005.

    

    KAIRE
      HOLDINGS, INC.

    

    

    /S/
      Steve
      Westlund

    By:________________________________

    Name:
      Steve Westlund

    Title:
      CEO, Director

    WITNESS:

    

    

    

    ______________________________________

     

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    NOTICE
      OF CONVERSION

    

    (To
      be
      executed by the Registered Holder in order to convert the Note)

    

    

    The
      undersigned hereby elects to convert $_________ of the principal and $_________
      of the interest due on the Note issued by KAIRE HOLDINGS, INC. on June 23,
      2005
      into Shares of Common Stock of KAIRE HOLDINGS, INC. (the "Borrower") according
      to the conditions set forth in such Note, as of the date written
      below.

    

    

    

    Date
      of
      Conversion:____________________________________________________________________

    

    

    Conversion
      Price:______________________________________________________________________

    

    

    Shares
      To
      Be
      Delivered:_________________________________________________________________

    

    

    Signature:____________________________________________________________________________

    

    

    Print
      Name:__________________________________________________________________________

    

    

    Address:_____________________________________________________________________________

    

    ____________________________________________________________________________

     

    9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00090-of-00352.parquet"}]]