Document:

WHERIFY
        WIRELESS, INC.

       

      PROMISSORY
        NOTE

      

      
        	
                $1,000,000

              	
                Dated
                  June 16, 2006

              

      

       

      FOR
        VALUE
        RECEIVED, the undersigned, Wherify Wireless, Inc., a Delaware corporation
        (the
        "Borrower"),
        HEREBY UNCONDITIONALLY PROMISES TO PAY to Stephen J. Luczo, or his assigns
        (the
        ''Lender"),
        on
        the earlier to occur of (i) three months after the date hereof, or
        (ii) upon the completion of any financing or financings by the Borrower
        (including without limitation any equity or debt financing) equal to least
        $1,000,000 in the aggregate (the "Maturity
        Date")
        the
        principal sum of ONE MILLION DOLLARS ($1,000,000), or such principal amount
        as
        may be outstanding on such date together with accrued but unpaid
        interest.

       

      The
        Borrower further promises to pay interest on the outstanding principal amount
        of
        this Promissory Note from the date hereof until maturity, in arrears, at
        a rate
        per annum equal at all times to fifteen percent (15%). All computations of
        interest shall be made on the basis of a year of 365 days for the actual
        number
        of days occurring in the period for which such interest is payable.

       

      All
        payments hereunder shall be made in lawful money of the United States of
        America
        and in same day or immediately available funds, to the Lender, at PO Box
        66360,
        Scotts Valley, California 95066, or at such other place or to such account
        as
        the Lender from time to time shall designate in a written notice to the
        Borrower.

       

      Whenever
        any payment hereunder shall be stated to be due, or whenever any interest
        payment date or any other date Specified hereunder would otherwise occur,
        on a
        day other than a Business Day (as defined below), then such payment shall
        be
        made, and such interest payment date or other date shall occur, on the trust
        succeeding Business Day, and such extension of time shall in such case be
        included in the computation of payment of interest hereunder. As used herein,
        "Business
        Day"
        means a
        day (i) other than Saturday or Sunday, and (ii) on which commercial
        banks are open for business in San Francisco, California.

       

      Anything
        herein to the contrary notwithstanding, if during any period for which interest
        is computed hereunder, the amount of interest computed on the basis provided
        for
        in this Promissory Now, together with all fees, charges and other payments
        which
        are treated as interest under applicable law, as provided for herein or in
        any
        other document executed in connection herewith, would exceed the amount of
        such
        interest computed on the basis of the Highest Lawful Rate, the Borrower shall
        not be obligated to pay, and the Lender shall not be entitled to charge,
        collect, receive, reserve or take, interest in excess of the Highest Lawful
        Rate, and during any such period the interest payable hereunder shall be
        computed on the basis of the Highest Lawful Rate. As used herein, "Highest
        Lawful Rate"
        means
        the maximum non usurious-rate of interest, as in effect from time to time,
        which
        may be charged, contracted for, reserved, received or collected by the Lender
        in
        connection with this Promissory Note under applicable law.

      
        
           

        

        
           

          
            

          

        

        
           

        

      

       

      The
        Borrower may prepay the outstanding amount hereof in whole or in part at
        any
        time, without premium or penalty, upon two Business Days' prior notice. In
        addition, upon the completion of any financing (including without limitation
        any
        equity or debt financing) of less than $1,000,000, the Borrower shall prepay
        a
        portion of the outstanding amount hereof equal to the amount received by
        the
        Borrower pursuant to such financing. Together with any such prepayment the
        Borrower shall pay accrued interest on the amount prepaid.

       

      So
        long
        as any amount payable by the Borrower hereunder shall remain unpaid, the
        Borrower will furnish to the Lender from time to time such information
        respecting the Borrower's financial condition as the Lender may from time
        to
        time reasonably request.

       

      The
        occurrence of any of the following shall constitute an "Event
        of Default"
        under
        this Promissory Note:

       

      (1)           the
        failure to make any payment of principal, interest or any other amount when
        due
        under this Promissory Note or the breach of any other condition or obligation
        under this Promissory Note, and the continuation of such failure or breach
        for
        two Business Days; or

       

      (2)           the
        filing of a petition by or against the Borrower under any provision of the
        Bankruptcy Reform Act, Title 11 of the United States Code, as amended or
        recodified from time to time, or under any similar law relating to bankruptcy,
        insolvency or other relief for debtors; or appointment of a receiver, trustee,
        custodian or liquidator of or for all or any part of the assets or property
        of
        the Borrower; or the insolvency of the Borrower; or the making of a general
        assignment for the benefit of creditors by the Borrower; or

       

      (3)           the
        Borrower shall liquidate, wind up or dissolve (or suffer any liquidation,
        winding up or dissolution) or suspend its operations other than in the ordinary
        course of business or take any corporate action to authorize or approve any
        of
        the foregoing; or

       

      (4)           the
        Borrower shall merge with or consolidate into or acquire all or substantially
        all of the assets of another person, or sell, lease, transfer or otherwise
        dispose of substantially all of its assets.

       

      Upon
        the
        occurrence of any Event of Default, the Lender, at its option, may: (i) by
        notice to the Borrower, declare the unpaid principal amount of this Promissory
        Note and all interest accrued and unpaid hereon and all other amounts payable
        hereunder to be immediately due and payable, whereupon the unpaid principal
        amount of this Promissory Note, all such interest and all such other amounts
        shall become immediately due and payable, without presentment, demand, protest
        or further notice of any kind, provided
        that if
        an event described in paragraph (3) above shall occur, the result which
        would otherwise occur only upon giving of notice by the Lender to the Borrower
        as specified above shall occur automatically, without the giving of any such
        notice; and (ii) whether or not the actions referred to in clause
        (i) have been taken proceed to enforce all other rights and remedies
        available to the Lender under applicable law.

       

      The
        Borrower agrees to pay on demand all the losses, costs, and expenses (including,
        without limitation, reasonable attorneys' fees and disbursements) which the
        Lender incurs in connection with enforcement or attempted enforcement of
        this
        Promissory Note, whether by judicial proceedings or otherwise. Such costs
        and
        expenses include, without limitation, those incurred in connection with any
        workout or refinancing or any bankruptcy, insolvency, liquidation or similar
        proceedings.

      
        
           

        

        
          -2-

          
            

          

        

        
           

        

      

       

      The
        Borrower hereby waives diligence, demand, presentment, protest or further
        notice
        of any kind. The Borrower agrees to make all payments under this Promissory
        Note
        without setoff or deduction and regardless of any counterclaim or
        defense.

       

      No
        single
        or partial exercise of any power under this Promissory Note shall preclude
        any
        other or further exercise of such power or excise of any other power. No
        delay
        or omission on the part of the Lender in exercising any right under this
        Promissory Note shall operate as a waiver of such right or any other right
        hereunder.

       

      This
        Promissory Note shall be binding on the Borrower and its successors and assigns,
        and shall be binding upon and inure to the benefit of the Lender, any future
        holder of this Promissory Note and their respective successors and assigns.
        The
        Borrower may not assign or transfer this Promissory Note or any of its
        obligations hereunder without the Lender's prior written consent. The Lender
        may
        assign or transfer this Promissory Note without the Borrower's prior written
        consent.

       

      THIS
        PROMISSORY NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH CALIFORNIA
        LAW.

       

      WHERIFY
        WIRELESS, INC.

       

      By: 
        /s/
        Timothy J. Neher

      Timothy
        J. Neher, Chief Executive Officer

       

      Address:

       

      2000
        Bridge Parkway, Suite 201

      Redwood
        Shores, CA 94065

      

      
        
           

        

        
          -3-EXHIBIT
      10.1

     

    PROMISSORY
      NOTE

    

    Los
      Angeles, CA

    July
      10,
      2006

    

    FOR
      VALUE
      RECEIVED, INNOFONE.COM, INCORPORATED, a Nevada corporation (the “Company” or
“Innofone”), hereby promises to pay to the order of 55 South Investments (the
“Holder”), the principal sum of five hundred thousand dollars ($500,000) (the
“Principal”) and interest accrued on that Principal per the terms set out below
      (collectively, the “Repayment Amount”). All amounts owing under this Note shall
      be paid in lawful money of the United States of America in immediately available
      funds.

     

    Maturity
      Date. The
      Maturity Date shall be the earlier of: (a) one (1) year from the commencement
      of
      that certain equity swap transaction (“Swap”) whereby 30 days have expired
      thereafter the date in which the Company is granted effectiveness by the
      Securities and Exchange Commission on a registration statement filed pursuant
      to
      certain agreements made in connection with an equity swap made by and between
      the Company and Cogent Capital Group, LLC and its affiliates as of June 2,
      2006
      (defined herein as the “Swap Start Date”); or (b) December 1, 2007, whichever is
      earlier. 

     

    Closing
      Date.
      The
      Closing Date shall be the date on which the Principal funds are provided by
      wire
      transfer to Innofone hereunder and no later than midnight Pacific time July
      10,
      2006. 

    

    Repayment.
      

    

    (a)
      Repayment of the Principal by Innofone to the Holder shall commence within
      ten
      (10) days of the Swap Start Date and shall continue thereafter in equal pro
      rata
      monthly installments on the same date of each subsequent month thereafter for
      the successive eleven (11) months thereafter the Swap Start Date and continue
      until all principal payments are paid in full. The Principal shall be repaid
      in
      full no later than the Maturity Date. Should the Swap Start Date not occur
      prior
      to the Maturity Date, then the entirety of Principal shall be due and payable
      to
      Holder on the Maturity Date.

     

    (b)
      Innofone may, at its option, prepay all amounts owing under this Note prior
      to
      the Maturity Date, in whole or in part, without payment of any premium or
      penalty, after giving written notice thereof to the Holder at least one (1)
      day
      prior to the date selected for prepayment. 

     

    Interest.
      Innofone
      shall pay 12% per annum simple interest on the full Principal calculated
      starting upon the Closing Date and payable in equal monthly installments by
      Innofone over the first three (3) months starting upon commencement of the
      Swap
      Start Date. Should the Swap Start Date not occur prior to the Maturity Date,
      then the entirety of the Interest shall be due and payable to Holder no later
      than March 1, 2007. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Fees.
      

     

    (a)
      Innofone shall pay to the Holder a loan origination fee of $20,000, payable
      concurrently with the Interest payments as stated herein (the “Origination
      Fee”)

     

    (b)
      Innofone shall pay to the Holder a due diligence fee of $20,000, payable
      concurrently with the Interest payments as stated herein (the “Due Diligence
      Fee”)

     

    Attorneys
      Fees and Court Costs.
      If this
      Note shall be collected by legal proceedings or through any court or shall
      be
      referred to an attorney because of any default, Innofone agrees to pay all
      attorney’s fees, disbursements and court costs incurred by the
      Holder.

    

    Security
      Interests.
      Junior
      in rank to that of Cogent Capital Financial, LLC’s and Cogent Capital Group,
      LLC’s and its affiliates security interest and securitization under the Swap and
      subject to any financing statement or security pledged in the Swap, the Note
      shall be secured by the assets of Innofone and its subsidiaries. As further
      security, Innofone shall also reserve a total of $2,000,000 worth of restricted
      common stock of Innofone as collateral in the Event of Default (as defined
      hereunder) of repayment of the Note by Innofone (the “Innofone Stock”). In
      addition and as further security for the Note, Alex Lightman shall pledge
      $2,000,000 worth of his personally held Common Stock (the “Lightman Stock”) as
      collateral in the event of default by Innofone under the Note. For purposes
      of
      calculating Innofone Stock and Lightman Stock, a conversion/purchase price
      of
      $1.00 per INFN common stock share shall be used. The Innofone Stock and the
      Lightman Stock, if issued due to default by Innofone, shall carry demand
      registration rights in favor of Holder and any registration fees and costs
      incurred therein shall be paid by Innofone. 

     

    Event
      of Default.
      If any
      of the following events, acts or circumstances shall occur for any reason
      whatsoever (and whether such occurrence shall be voluntary or involuntary or
      come about or be affected by operation of law or otherwise) it shall be
      considered an Event of Default:

    

    (a) Any
      failure of Innofone to make payment required under this Note; or

    

    (b) Any
      failure of Innofone to pay the Principal in full by December 1, 2007;
      or

    

    (c) Any
      failure of Innofone, once payments have commenced subsequent to the Swap Start
      Date, to make any monthly installment payment in full within ten (10) days
      of
      any such monthly payment due date.

     

    Rights
      of Holder upon Default.
      Upon the
      occurrence and during the continuation of any Event of Default, immediately
      and
      without notice, all outstanding principal, interest, and fees payable by
      Innofone hereunder shall automatically become immediately due and payable,
      without presentment, demand, protest or any other notice of any kind, all of
      which are hereby expressly waived, anything contained herein to the contrary
      notwithstanding. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    Governing
      Law.
      This
      Note is being delivered in, is intended to be performed in, shall be construed
      and interpreted in accordance with, and be governed by the internal laws of
      the
      State of Nevada without regard to principles of conflict of laws. 

     

    No
      Presentment, Demand or Notice Required.
      Innofone waives presentment for payment, demand, notice of demand and of
      dishonor and nonpayment of this Note, protest and notice of protest, diligence
      in collecting, and the bringing of suit against any other party, and agrees
      to
      all renewals, extensions, modifications, partial payments, releases or
      substitutions of security, in whole or in part, with or without notice, before
      or after the date payment is demanded hereunder. Additionally, the undersigned's
      obligations hereunder shall be absolute and unconditional, and shall not be
      subject to any counterclaim, setoff, deduction or defense the undersigned may
      have.

     

    Headings
      Descriptive.
      The
      headings of the several paragraphs and subparagraphs of this Note are inserted
      for convenience only and shall not in any way affect the meaning or construction
      of any provision of this Note.

     

    IN
      WITNESS WHEREOF, Innofone has executed this Note as of the date first set forth
      above.

     

    
      	 	 	 
	 	Innofone.com,
              Incorporated
	 
 	 
 	 
 
	 	By:  	/s/ Alex
              Lightman
	 	
              

              Alex
                Lightman, 

              Chief
                Executive Officer and President

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