Document:

ex_10-2.htm

    
      

      

    

    Exhibit
      10.2

     

     

    
      PROMISSORY
        NOTE

       

       

      
        	AMOUNT:  $50,000	
                DATE:  JULY
                  17, 2007

              

      

                                                                                           

      
        

        FOR
          VALUE RECEIVED, CORPORATION OF AUTOMOTIVE REMARKETING, INC.
("Borrower”) hereby promises to pay to the order of SYDYS
          CORPORATION ("Lender") the principal sum of FIFTY
          THOUSAND($50,000) DOLLARS.  Payment in full,
          plus accrued interest of eight and one-quarter (8.25%) percent shall be
          made in
          lawful money of the United States, at the principal address of Lender,
          or such
          other place as the holder of this Note may designate upon demand.

        

        Borrower
          shall have the privilege without premium or penalty, at any time and from
          time
          to time, of prepaying this Note in whole or in part.

        

        No
          partial prepayment shall postpone or interrupt the payment of the remaining
          principal balance, all of which shall continue to be due and payable at
          the time
          and the manner set forth above.

        

        Borrower
          agrees that a default shall occur hereunder in the event that payment is
          not
          made upon demand and such default continues for a period of ten (10) days
          from
          the date of demand therefor.  After the expiration of such ten (10)
          day period interest shall accrue on the unpaid balance due hereunder at
          a rate
          of twelve (12%) percent, together with attorneys' fees for collection and
          payment of the same, which sums may be enforced and recovered by the entry
          of
          judgment on this.

        

        Borrower
          (and all endorsers, sureties and guarantors) waives presentment for payment,
          demand, notice of demand, notice of nonpayment or dishonor, protest and
          notice
          of protest of this Note, and all other notices in connection with the delivery,
          acceptance, performance, default, or enforcement of the payment of this
          Note;
          liability hereunder shall be unconditional and shall not be affected in
          any
          manner by any indulgence, extension of time, renewal, waiver or modification
          granted or consented to by Lender.

        

        Borrower
          shall pay the cost of any revenue, tax or other stamps now or hereafter
          required
          by law at any time to be affixed to this Note or any security documents
          executed
          in conjunction herewith, and if any taxes be imposed with respect to debts
          secured by any such security documents or with respect to notes evidencing
          debts
          so secured Borrower agrees to pay or to reimburse Lender upon demand the
          amount
          of such taxes.

        

        The
          words
          "Lender" and "Borrower" whenever occurring herein shall be deemed and construed
          to include their respective successors and assigns of Lender and
          Borrower.

        

        This
          instrument shall be construed according to and governed by the laws of
          the
          Commonwealth of Pennsylvania.

        

        IN
          WITNESS WHEREOF, Borrower has duly executed this Promissory Note under
          seal the day and year first above mentioned.

         

         

        
          	 	CORPORATION
                  OF AUTOMOTIVE
                  REMARKETING, INC.	 
	 	 	 	 
	
                   

                	
                  By:
                    

                	/s/
                  John
                  Possumato 	 
	 	 	Name:
                  John Possumato	 
	 	 	Title:
                  Chief Executive
                  Officerex10_1.htm

    
      

    

    Exhibit
      10.1

    

    Remote
      Knowledge, Inc.

    

    Summary
      of Director Compensation

    

    At
      the
      present time, all of our outside, non-employee, directors are granted 10,000
      options per quarter for the three-year terms for which they are elected. At
      each
      annual meeting, the newly elected Class A, B, or C directors will receive the
      new grant upon their election with an exercise price based on the market price
      for our common shares on the date of election. The chairman of our audit
      committee receives an additional 5,000 options per quarter as additional
      compensation for the services in that position. All of the options vest at
      the
      rate of 10,000 options per quarter served (in arrears). Should a director resign
      during his term of office, all unvested options expire. The chairman of our
      audit committee’s additional options also vest at the rate of 5,000 per quarter
      in arrears, also commencing on the date of his election.

    

    August
      13, 2007ex10_2.htm

    
      
        

      

    

    
      Exhibit
        10.2

      

      
        	
                US
                  $65,000.00

              	
                October
                  31, 2007

              

      

      

      BRIDGE
        LOAN

      PROMISSORY
        NOTE

      (Non-Negotiable)

       

      FOR
        VALUE
        RECEIVED, the undersigned, Remote Knowledge, Inc., a Delaware corporation
        (“Maker”), promises to pay to the order of Randy S. Bayne, or any
        successor holder of this Note (“Holder”), at Holders office, or such
        other place as Holder may designate, the principal amount of Sixty-five Thousand
        Dollars ($65,000).

       

      1.         Interest.
        As soon as practical after delivery of this Note to Holder and transfer of
        funds
        to Maker, Maker shall deliver to Holder Twenty-one Thousand Six Hundred
        Sixty-seven shares (21,667) of common stock of Maker issued in the name of
        Holder as interest. Holder shall be entitled to retain all such shares
        regardless whether the Note may be prepaid. At the end of each month following
        default in payment of principal and continuing until principal is paid in
        full,
        Seven Thousand Two Hundred Twenty-two shares (7,222) of Makers common stock
        shall be delivered to Holder.

       

      2.         Payments.  All
        outstanding principal shall be payable on October 31, 2007 (the “Maturity
        Date”).

       

      3.         Prepayment.  Maker
        may pay all or any part of the principal owing on this Note at any time or
        times
        prior to maturity without payment of any premium or penalty.

       

      4.         Default.  Each
        of the following events shall constitute an event of default (“Event of
        Default”) and Holder, in addition to any remedies available to it at law or
        in equity, shall thereupon have the option to declare Maker in default under
        this Note and declare due all obligations of Maker to Holder (it also being
        understood that the occurrence of any of the Events of Default set forth
        in
        subsections (c) or (d) automatically shall constitute an Event of Default
        and
        cause an immediate acceleration of Maker's indebtedness to Holder):

       

      (a)           the
        failure of Maker to make any payment required hereunder when due;

       

      (b)           default
        by Maker in the performance or observance of any other term, covenant, condition
        or obligation contained in this Note, which default is not cured within 15
        days
        after Maker's written notice thereof;

       

      (c)           the
        filing of any petition by Maker under any provision of the Federal Bankruptcy
        Code or any state law relating to insolvency; or the filing of any such petition
        against Maker, unless such petition and all proceedings thereunder are dismissed
        within 60 days from such filing; or the appointment of a trustee or receiver
        for
        all or any assets of Maker, unless such appointment is vacated or dismissed
        within 60 days from the date of such appointment;

       

      (d)           an
        adjudication that Maker is insolvent or bankrupt.

       

      5.         Collection
        Costs.  Upon the occurrence of any Event of Default, Maker agrees
        to pay Holder, upon demand, any and all costs, expenses and fees, including
        without limitation, reasonable attorneys' fees incurred before or after suit
        is
        commenced in order to enforce payment hereof, and in the event suit is brought
        to enforce payment hereof, that such costs, expenses and fees shall be
        determined by a court proceeding without a jury.

       

      6.         Waiver.  Maker
        hereby acknowledges and agrees that the failure by Holder to insist upon
        Maker's
        strict performance of this Note or the failure by Holder to exercise its
        remedies hereunder shall not be deemed a waiver of such default, and shall
        not
        be a waiver by Holder of any of Holder's rights or remedies hereunder or
        at law
        or in equity.

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

       

      7.         Transfer.  This
        Note is not transferable by the Holder without the express written permission
        of
        Maker which shall not be unreasonably withheld.

       

      8.         Governing
        Law.  All amounts payable hereunder are payable in lawful money
        of the United States of America.  This Note shall be governed by and
        construed in accordance with the laws of the State of Texas, without regard
        to
        its conflicts of laws principles.

       

      9.         Representations
        and Warranties of Maker.  Maker hereby represent and warrants to
        Holder as follows:

       

      (a)           Maker
        has full power, authority and capacity to issue this Note and to perform
        and
        comply with all covenants and obligations contained herein.

       

      (b)           This
        Note has been duly executed and delivered by Maker and constitutes the legal,
        valid and binding obligations of Maker, enforceable against Maker in accordance
        with its terms, subject to bankruptcy, insolvency, reorganization, moratorium
        or
        other similar laws now or hereafter in effect relating to creditors' rights
        generally.

       

      IN
        WITNESS WHEREOF, this Note has been duly executed to be effective as of the
        11th day of May, 2007.

       

       

      
        	
                Holders
                  Address

              	
                Maker:

              
	 	
                REMOTE
                  KNOWLEDGE, INC.,

              
	 	
                a
                  Delaware Corporation

              
	 	
                By:  /s/
                  Henry Houston

              
	 	 
	 	
                Name:
                  Henry Houston, CFO

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