Document:

CONTINGENT
PROMISSORY NOTE

      

      
        
          	
                  $900,000.00

                	 
      	
                  McLean,
      Virginia

                
	 
      	 
      	
                  March
      31, 2009

                

        

      

      

      FOR VALUE RECEIVED, THE UNDERSIGNED,
INNOLOG HOLDINGS CORPORATION, a Nevada corporation (the “Borrower”), promises to
pay to the order of VERLE HAMMOND, ELEANOR HAMMOND, TIM O’SHAUGHNESSY, LOU
ORLANDO, GENE LOSA, DUDLEY PATTESON, LENNY LEASSEAR, ANTHONY HAMMOND, and
VERONNE WILLIAMS (collectively, the “Lender”) the principal sum of Nine Hundred
Thousand Dollars ($900,000.00) (the “Principal Amount”), in the following
manner:

      

      1.           Repayment.

      

      (a)           Subject
to Section 1(b) below, commencing two (2) years after the date hereof, and on
the same day of each year thereafter, the Borrower shall pay the Principal
Amount due hereunder in accordance with the payment schedule set forth
below:

      

      
        
          	
                  2nd
      Anniversary

                	
                  $300,000.00

                
	
                  3rd
      Anniversary

                	
                  $300,000.00

                
	
                  4th
      Anniversary

                	
                  $300,000.00

                

        

      

      

      (b)           Notwithstanding
the payment schedule set forth above, each payment of the Principal Amount shall
be contingent upon the achievement by Innovative Logistics Techniques, Inc.
(“Innovative”) of certain Revenue and Net Income targets as set forth in
“Exhibit A” to the Purchase Agreement dated March 31, 2009 by and among Galen
Capital Corporation, GCC Capital Group, LLC, the Borrower, and Innovative (the
“Purchase Agreement”).  In the event that Revenue and Net Income
targets are achieved prior to the established target date as set forth in the
Purchase Agreement, then Borrower will pay the annual installments up to the
corresponding Revenue and Net Income targets achieved.  In the event
that the Borrower’s stock becomes publicly traded, then this Note may be
converted to shares pursuant to the terms and conditions set forth in Section
2.3(a)(iv) of the Purchase Agreement.

      

      (c)           All
payments of the Principal Amount shall be delivered to the Lender at the
Lender’s address for notices hereinafter set forth, or such other place as the
holder of this Note shall from time to time designate.

      

      2.           Acceleration.  The
Lender shall have the right, without notice or demand, to accelerate the
repayment of the unpaid Principal Amount of this Promissory Note upon a default
of this Promissory Note by the Borrower.

      

      3.           Application of
Payments.  All payments made under this Promissory Note shall
be applied first to late penalties or other sums owed to the holder of this
Note, next to accrued interest, if any, and then to the Principal
Amount.

      
        
           

        

        
          
          

          
            

          

        

        
           

        

      

      

      4.           Prepayment.  The
Borrower may prepay this Promissory Note in whole at any time or in part from
time to time without penalty, premium or additional interest.  All
prepayments of the Principal Amount shall be applied in inverse order of
maturity.

      

      5.           Default.  The
Borrower shall be in default of this Promissory Note if it shall fail to pay any
installment due hereunder not later than ten (10) days after notice from the
holder of this Note that such installment is due and unpaid.

      

      6.           Extensions of
Maturity.  All parties to this Promissory Note, whether maker,
endorser, or guarantor, agree that the maturity of this Promissory Note, or any
payment due hereunder, may be extended at any time or from time to time without
releasing, discharging, or affecting the liability of such party.

      

      7.           Notices.  Any
notice or demand required or permitted by or in connection with this Promissory
Note (but without implying any obligation to give any notice or demand) shall be
in writing and made by hand delivery, by wire or by certified mail, return
receipt requested, postage prepaid, addressed to the Lender or the Borrower at
the appropriate address set forth below or to such other address as may be
hereafter specified by written notice by the Lender or the Borrower, and shall
be considered given as of the date of hand delivery or wire or as of two (2)
business days after the date of mailing, as the case may be:

      

      
        	
              	
                If
      to the Lender:

              	
                _____________________

              

      

      
        	
              	
                 
      

              	
                _____________________

              

      

      
        	
              	
                 
      

              	
                _____________________

              

      

      
        	
              	
                 
      

              	
                _____________________

              

      

      

      
        	
              	
                If
      to the Borrower:

              	
                Innolog
      Holdings Corporation

              

      

      
        	
                 
      

              	
                8300
      Greensboro Drive, Suite 225

              

      

      
        	
                 
      

              	
                McLean,
      Virginia 22102

              

      

      
        	
                 
      

              	
                Attn:
      William P. Danielczyk

              

      

      

      8.           Binding
Nature.  This Promissory Note shall inure to the benefit of and
be enforceable by the Lender and the Lender’s personal representatives,
successors and assigns and any other person to whom the Lender may grant an
interest in the Borrower’s obligations to the Lender, and shall be binding and
enforceable against the Borrower and the Borrower’s personal representatives,
successors and assigns.

      

      9.           Severability.  If
any provision or part of any provision of this Promissory Note shall for any
reason be held invalid, illegal or unenforceable in any respect, such
invalidity, illegality or unenforceability shall not affect any other provisions
of this Promissory Note and this Promissory Note shall be construed as if such
invalid, illegal or unenforceable provision or part thereof had never been
contained herein, but only to the extent of its invalidity, illegality or
unenforceability.

      

      10.         Choice of Law and Consent to
Jurisdiction.  This Promissory Note shall be interpreted,
construed and enforced in strict accordance with the laws of the Commonwealth of
Virginia.  The Borrower consents to the jurisdiction of the courts of
the Commonwealth of Virginia.

      
        
           

        

        
          - 2
-

          
            

          

        

        
           

        

      

      

      11.         Number and
Gender.  As used herein, the singular shall include the plural,
the plural shall include the singular, and the use of any gender shall include
all genders, all as the context shall require.

      

      12.         Liability Joint and
Several.  The liability of the Borrower under this Promissory
Note shall be joint and several.

      

      IN WITNESS WHEREOF, this Promissory
Note has been executed by the Borrower under seal as of this   day of  ,
2009.

      

      
        
          
            
              
                
                  	
                          WITNESS:

                        	 
      	
                          INNOLOG
      HOLDINGS CORPORATION

                        	 
      	 
	 
      	 
      	 
      	 
      	 
	 
      	 
      	 
      	
                          (SEAL)

                        	 
	 
      	 
      	
                          William
      P. Danielczyk, President

                        	 
      	 

                

              

            

          

        

      

      

      STATE OF
_______________________________

      

      CITY/COUNTY
OF ______________: to wit:

      

      The foregoing instrument was
acknowledged before me this ___ day of ________, 2009, by William P. Danielczyk,
the President of Innolog Holdings Corporation, a Nevada corporation, on behalf
of the corporation.

      

      
        
          
            	 
      	 
      	 
	 
      	
                    Notary
      Public

                  	 

          

        

      

      

      My
Commission Expires: ____________________

       

      
        
          
          

        

        
          - 3
-AMENDMENT
TO PURCHASE AGREEMENT

    &
AGREEMENT MODIFICATION

    

    This
Amendment to Purchase Agreement & Agreement Modification (“Amendment”) is
dated as of May 16, 2010, by and between Galen Capital Corporation, a Nevada
corporation (“Galen”); GCC Capital Group, LLC, a Nevada limited liability
corporation (“GCC”), Innolog Holdings Corporation (“Purchaser”), Innovative
Logistics Techniques, Inc., a Virginia corporation (“Company”), the Company’s
Stockholders (“Stockholders”) and Verle Hammond, an individual (“Hammond”)
(collectively, the “Parties”).

     

    WHEREAS,
on March 31, 2009, the Parties entered into a Purchase Agreement (“Purchase
Agreement”) for the sale of the Company (the “Purchase”);

     

    WHEREAS,
the Company has experienced and continues to experience significant cash flow
challenges that threaten its survival and the Company continues to need
additional capital to meet various obligations;

     

    WHEREAS,
Galen and GCC have contributed significant amounts of capital to the Company and
covered various debt obligations of the Company;

     

    WHEREAS,
Galen, GCC and the Company have stepped up and taken action to address various
significant liabilities of the Company and potential personal liabilities and
exposure of various Stockholders and Hammond;

     

    WHEREAS,
additional capital may be contributed into the Company conditioned upon the
Purchase Agreement being modified as provided herein;

     

    WHEREAS,
the Parties desire to optimize the likelihood of the continued viability and
success of the Company and its parent companies (in which the Stockholders own
equity interests), and towards that objective, the Parties desire to modify the
terms of the Purchase and the Purchase Agreement (including the Employment
Agreement entered into between the Company and Hammond pursuant
thereto).

     

    NOW
THEREFORE, in consideration of the premises, $10.00, and other good and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, the
parties intending to be legally bound, hereby agree as follows:

     

    1)           Capitalized
terms not otherwise defined herein shall have the meanings provided in the
Purchase Agreement.

     

    2)           The
Purchase Agreement is hereby amended in accordance with Section 11.1 of the
Purchase Agreement.

    
      
                     
PA Amendment No. 1

         

      

      
        1

        
          

        

      

      
         

      

    

     

    3)           Section
2.3(a)(iii) Promissory
Note. is hereby deleted.  The parties agree that the promissory
note executed in connection with the Purchase and the Purchase Agreement is
hereby retired.  The Stockholders agree to deliver the original signed
Promissory Note to Purchaser immediately upon execution of this
Amendment.  In exchange, the Shareholders shall receive a right to a
total of 1,000,000 total shares of Preferred Stock of Purchaser.  GCC
and Purchaser represent that (i) there will be only one class of preferred stock
of Purchaser at such time and (ii) that the Preferred Stock that the
Stockholders receive pursuant hereto shall have the exact same terms, rights and
conditions as other shares of Preferred Stock that are being issued to other
persons that are likewise retiring debt of GCC, Purchaser and/or the
Company.  Such Preferred Stock shall be issued or delivered to the
Stockholders upon the earlier of (i) the consummation of the pending merger of
the Company with a public company and (ii) December 31, 2010; provided, however,
that such shares of Preferred Stock shall not be issued and delivered to a
specific Stockholder until such Stockholder has executed and delivered such
shareholder agreement, underwriting agreement or similar agreements as may be
required of all holders of Preferred Stock of the Company, of Galen or of the
merged company.  The 1,000,000 total shares of Preferred Stock shall
be divided among the Stockholders in the respective amounts designated by the
Stockholders in writing to Purchaser prior to the date of issuance.

     

    4)           Section
2.3(a)(iv) Conditional
Note Payable. and Exhibit A, is herby
modified as follows:  the calculation of Net Income for purposes of
the earn out for the $900,000 Conditional Note Payable and the Net Income Target
related thereto shall be calculated with the exclusion of the expense of any
management fee to a parent company of Purchaser and the last clause of the first
sentence is changed from “second anniversary (Year 2010)” to “third anniversary
(Year 2011)” and
the second clause in the last sentence is changed from “in years 2012 and 2011”
to “in years 2014 and 2015”.

    

    5)           Contemporaneously
herewith, Verle Hammond and the Company are executing an amendment and
restatement of that certain Employment Agreement dated as of April 1, 2009,
between Verle Hammond and the Company.  The parties acknowledge and
agree that there are no outstanding liabilities of any kind by any of the
parties to such agreement to any other party thereunder.  This
constitutes a mutual release of any claims of any kind or nature whatsoever
under or in connection with such employment agreement.  In addition,
the Company shall and shall continue to indemnify and hold Hammond harmless for
actions and claims by creditors of the Company, known by and disclosed to the
Company by Hammond; provided, however, that this indemnification shall not apply
for any act or omission of Hammond (or relatives / affiliates of Hammond) which
is or are deemed to be fraudulent, intentional or gross misconduct, or criminal
(or if Hammond’s employment with the Company is terminated for Cause (as defined
in the First Amended and Restated Employment Agreement between Hammond and the
Company)).

    

    6)           In
addition, pursuant to a separate agreement, Verle Hammond agrees to and shall
rescind and vacate, and if necessary forgive, cancel and forever discharge, that
certain obligation, loan and or promissory Note from the Company (or Galen or
GCC or any of their affiliates) in the amount of approximately $57,332 from or
dated on or about November 2008, in exchange for 30,000 additional shares of
Preferred Stock in accordance with the terms of paragraph 3
above.  The Company and GCC hereby rescinds and vacates, and if
necessary forgives, cancels and forever discharges, Verle Hammond, Eleanor
Hammond, Anthony Hammond, Veronne Williams, Pamela Holmes, William Flaherty,
Dudley Patterson, Lenny Lessear, Lou Orlando, and Tim O’Shaugnessy and any of
their respective direct relatives from any existing obligations, loans or notes
that they may have to or in favor of the Company or GCC and such party similarly
forgive, cancel and forever discharge any obligations, loans or notes they have
with the Company and GCC.

    
      
                     
PA Amendment No. 1

         

      

      
        2

        
          

        

      

      
         

      

    

    

    7)           All
of the other terms and provisions of the Purchase Agreement shall remain in full
force and effect and all of the General Provisions of Article XI shall be
incorporated into and made a part of this Amendment.

    

    IN WITNESS WHEREOF, Purchaser,
GCC and Galen, the Company, intending to be legally bound have each: (i)
executed this Agreement, in the case of a natural person, or (ii) caused this
Agreement to be executed and delivered by their respective officers thereunto
duly authorized, all as of the date first written above.

    

    
      
        
          	
                  GALEN
      CAPITAL CORPORATION

                
	 
      	 
      
	
                  By:

                	 
      
	
                  William
      Danielczyk,

                
	
                  Chairman

                

        

      

    

    

    
      
        
          	
                  GCC
      CAPITAL GROUP, LLC

                
	 
      	 
      
	
                  By:

                	 
      
	
                  William
      Danielczyk,

                
	
                  Chairman

                

        

      

    

    

    
      
        
          	
                  INNOLOG
      HOLDINGS CORPORATION

                
	 
      	 
      
	
                  By:

                	 
      
	
                  William
      Danielczyk,

                
	
                  Chairman

                

        

      

    

    

    
      
        
          
            
              
                
                  	
                          STOCKHOLDERS

                        	 
      	 
      
	 
      	 
      	 
      
	
                             
      

                        	 
      	
                             
      

                        
	
                          Verle
      Hammond

                        	 
      	
                          Verle
      Hammond, individually under the

                          Employment
      Agreement

                        
	 
      	 
      	 
      
	 
      	 
      	 
      
	
                          Eleanor
      Hammond

                        	 
      	 
      

                

              

            

          

        

      

    

    
      
                     
PA Amendment No. 1

         

      

      
        3

        
          

        

      

      
         

      

    

    

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  	
                                             
      

                                        	 
      	
                                            
      

                                        
	
                                          Anthony
      Hammond

                                        	 
      	
                                          Veronne
      Williams

                                        
	 
      	 
      	 
      
	
                                             
      

                                        	 
      	
                                            
      

                                        
	
                                          Pamela
      Holmes

                                        	 
      	
                                          Lenny
      Leassear

                                        
	 
      	 
      	 
      
	
                                            
      

                                        	 
      	
                                             
      

                                        
	
                                          Gene
      Losa

                                        	 
      	
                                          Lou
      Orlando

                                        
	 
      	 
      	 
      
	
                                           
      

                                        	 
      	
                                             
      

                                        
	
                                          Tim
      O'Shaughnessy

                                        	 
      	
                                          Dudley
      Patteson

                                        
	 
      	 
      	 
      
	
                                             
      

                                        	 
      	 
      
	
                                          William
      Flaherty

                                        	 
      	 
      

                                

                              

                            

                          

                        

                      

                    

                  

                

              

            

          

        

      

    

     

    
      
                     
PA Amendment No. 1

        
        

      

      
        4

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