Document:

Exhibit 10.2

    SECURED REVOLVING PROMISSORY NOTE

    Up to $1,500,000.00                                                                      May 18, 2007

    

    FOR VALUE RECEIVED, the undersigned, JMJ TECHNOLOGIES, INC., a Georgia corporation (hereafter called "Borrower") having its principal place of business at 2000 RiverEdge Parkway, Atlanta, GA 30328 promises to pay to the order of WIFIMED HOLDINGS COMPANY, INC., a Nevada corporation, having its principal place of business at 3320 Keenland Road, Marietta, GA 30062 (hereafter called "Lender"), at the office of Lender set forth above, or such other place as Lender may direct in writing, the principal sum of ONE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($1,500,000.00), or such part thereof as shall have been advanced or disbursed to the undersigned and remain unpaid, together with interest as hereinafter provided.

    Interest shall accrue on the outstanding principal balance from the date of each advance hereunder until this Note is paid in full. The rate of interest at the inception hereof shall be ten percent (10%) per annum. Throughout the term of this Note interest shall be computed on the basis of a three hundred sixty (360) day year and be paid on the basis of the actual number of days elapsed, as a daily rate, on the principal balance from time to time outstanding.

    The Lender (i) provided there exists no default under this Note, the Loan Agreement between Borrower and Lender of even date herewith ("Loan Agreement”) or any of the other Loan Documents (as defined under the Loan Agreement), and subject to the terms and
     provisions of the Loan Agreement, shall advance for the account of the Borrower an aggregate principal amount of TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000) and (ii) in the sole discretion of the Lender, and provided there exists no default under this Note, the Loan Agreement or any of the other Loan Documents, and subject to the terms and provisions of the Loan Agreement, may lend or advance for the account of Borrower from time to time under this Note, but only with Borrower's written consent, up to an additional aggregate principal amount of ONE MILLION TWO HUNDRED FIFTY THOUSAND and NO/100 DOLLARS ($1,250,000.00).

    The outstanding principal balance as of any day shall be the outstanding principal balance as of the beginning of the day, plus any advances made pursuant to the loan charged to the account on that day (exclusive of interest) and less any payments of principal credited to the account on that day.

    The total unpaid balance (principal, interest and charges) shall be due 90 days from the date either Lender or Borrower terminate the Letter of Intent dated March 26, 2007.

    The Borrower hereby authorizes the Lender to record on the Schedule annexed to this Note, with a copy provided to Borrower, the amount and type of all revolving credit loans made to the Borrower, all renewals and payments of principal amounts in respect of such revolving credit loans, and the outstanding principal amount of all revolving credit loans; provided, however, that the failure to make such notation with respect to any revolving credit loan or payment shall not limit or otherwise affect the obligation of the Borrower under this Revolving Credit Note as to amounts actually borrowed hereunder.

    The payment and performance of this Note is secured by a security interest in all assets of Borrower granted pursuant to the Security Agreement between Borrower and Lender of even date herewith.

    Any payments of principal shall be applied to the reduction of principal, unless the indebtedness evidenced by this Note shall be in default, in which event, all payments received, of whatever nature, shall be first applied to incurred and unpaid charges and fees, then to accrued and unpaid interest, and then to the payment of unpaid principal in such manner as Lender shall elect.

    This Note or any portion thereof may be paid at any time without penalty. If any payment of principal or of interest on this Note or any other sum due hereunder is not paid as and when the same becomes due, or if any other default shall occur hereunder and such default shall remain uncured after ten (10) days written notice to Borrower, or if any default should occur under the Loan Agreement or any of the other Loan Documents (as defined in the Loan Agreement), and such default shall continue beyond any applicable cure period provided therein, then the Lender, at its option and without further notice, demand or presentment for payment to the undersigned or others, may declare due and payable in 90 days the outstanding principal balance of this Note together with all accrued and unpaid interest thereon to the date of default and together with interest thereafter at 18%, provided that the default interest rate shall not exceed the maximum rate permitted by law, together with all costs and fees, including reasonable attorney fees and court costs (through and including any and all collection, trial, appellate and administrative procedures) incurred by the Lender in collecting or enforcing payment thereof, and all other sums due hereunder or under the Loan Documents, anything herein or in the Loan Documents to the contrary notwithstanding, all without any relief whatever from any valuation or appraisement laws (to the full extent permitted by law), and payment thereof may be enforced and recovered in whole or in part at any time by one or more of the remedies provided to the Lender in this Note or in the Loan Documents.

    Any notice that must be given Borrower under this Note will be given by hand delivery, nationally recognized overnight courier service, or by mailing same to the Borrower by certified mail, return receipt requested, postage prepaid. All notices will be addressed to Borrower at the addresses set forth in the introductory paragraph of this Note unless Lender is given written notice of a different address given as herein provided.

    Any notice that must be given to the Lender under this Note will be given by hand delivery, nationally recognized overnight courier service, or by mailing it by certified mail, return receipt requested, postage prepaid. All notices will be addressed to the Lender at the address set forth in the introductory paragraph of this Note, unless Borrower is given written notice of a different address as herein provided.

    Borrower waives presentment for payment, demand, notice of dishonor, nonpayment or other default, notice of protest and protest of this Note, and does hereby consent to any number of extensions of time, renewals, waivers, modifications, substitutions or releases of collateral, or releases of Borrower, that may be made or granted by Lender with respect to the payment or performance of the provisions of this Note.

    In the event of default, Borrower agree to pay all costs of collection, including all court costs, other legal expenses, and reasonable attorneys' fees, incurred by Lender in consultation or in conjunction with judicial, administrative or arbitration proceedings, through and including any and all collection, trial, appellate and administrative proceedings.

    No delay or omission by Lender in exercising any right shall operate as a waiver of such right or any other right hereunder.

    This note shall be construed under and controlled and governed by the laws of the State of Nevada.

    BORROWER HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY AND ALL RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION (INCLUDING, BUT NOT LIMITED TO, ANY CLAIMS, CROSS-CLAIMS AND THIRD-PARTY CLAIMS) ARISING IN CONNECTION WITH THIS NOTE, THE OTHER LOAN DOCUMENTS AND THE TRANSACTIONS CONTEMPLATED THEREIN, AND ALL AND ANY COMBINATION OF THE FOREGOING. BORROWER HEREBY CERTIFIES THAT NO REPRESENTATIVE OR AGENT OF THE LENDER NOR THE LENDER'S COUNSEL HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT THE LENDER WOULD NOT, IN THE

     EVENT OF SUCH LITIGATION, SEEK TO ENFORCE THIS WAIVER OF RIGHT TO JURY TRIAL PROVISION.

     BORROWER ACKNOWLEDGES THAT THE LENDER HAS BEEN INDUCED TO ENTER INTO THIS LOAN, INCLUDING THIS NOTE, BY, INTER ALIA, THE PROVISIONS OF THIS PARAGRAPH.

    IN WITNESS WHEREOF, this note has been duly executed and delivered on the date

     first above written.

     JMJ TECHNOLOGIES, INC.

     By:

     Name:__________________________

     Title:__________________________

    

    SCHEDULE TO REVOLVING CREDIT NOTE

    

    	
          
            Amount of

             Principal

             Renewed

             or Paid
          

        	
          
            Principal

             Balance of

             Revolving

             Credit Note
          

        	
          
            Date
          

        	
          
            Name of

             Person

             Making

             NotationExhibit 10.3 

    SECURITY AGREEMENT

    

     THIS SECURITY AGREEMENT, ("Agreement") is made May 18, 2007, by and between JMJ TECHNOLOGIES, INC., a Georgia corporation, located at 2000 RiverEdge Parkway, Suite GL100A, Atlanta, Georgia 30328 (hereinafter "Borrower"), and WiFiMed Holdings Company, Inc., a Nevada corporation (the "Bridge Lender").

    WHEREAS, the Borrower and the Bridge Lender have entered into that certain Loan Agreement dated even herewith ("Loan Agreement").

    WHEREAS, this Agreement is given to secure repayment of advances made by Bridge Lender to Borrower pursuant to the Loan Agreement, together with interest thereon and other obligations as further evidenced by that certain Secured Revolving Promissory Note in the principal amount of up to $1,500,000 dated even herewith (the "Promissory Note" or "Obligations").

    

     NOW, THEREFORE, in consideration of the loan made by the Bridge Lender to Borrower, and further consideration of the covenants and promises contained in this Agreement, and for other good and valuable consideration, the parties agree as follows:

    

    1. Defined Terms. As used in this Agreement, the following terms shall have the following meanings:

    
       (a) "Collateral" has the meaning set forth in Section 2 hereof.

        (b) "PTO" means the United States Patent and Trademark Office.

        (c) "UCC" means the Uniform Commercial Code as in effect in the State of Georgia.

        (d) Terms Defined in UCC. Where applicable in the context of this Agreement and except as otherwise defined herein, terms used in this Agreement shall have the meanings assigned to them in the UCC.

        (e) Construction.

        In this Agreement, the following rules of construction and interpretation shall be applicable: (i) no reference to "proceeds" in this Agreement authorizes any sale, transfer, or other disposition of any Collateral by Borrower; (ii) "includes" and "including" are not limiting; (iii) "or" is not exclusive; and (iv) "all" includes "any" and "any" includes "all."

    

    2. Security Interest.

    
       (a) Grant of Security Interest. As security for the payment and performance of the Obligations, Borrower hereby assigns, transfers and conveys to Bridge Lender, and grants to Bridge Lender a security interest in and to all of Borrower's right, title and interest in, to and under the following property, in each case whether now or hereafter existing or arising or in which Borrower now has or hereafter owns, acquires or develops an interest and wherever located (collectively, the "Collateral"):

      
         (i) accounts payable;

          (ii) fixtures and equipment;

          (iii) goods;

          (iv) inventory;

          (v) computers, hardware and software;

          (vi) all patents, trademark, patent applications and trademark applications, domestic or foreign, all licenses relating to any of the foregoing and all income and royalties with respect to any licenses, all rights to sue for past, present or future infringement thereof; all rights arising therefrom and pertaining thereto and all reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof; and

          (vii) all Proceeds of any and all of the foregoing Collateral (including license royalties, rights to payment, accounts and proceeds of infringement suits) and, to the extent not otherwise included, all payments under insurance (whether or not Bridge Lender is the loss payee thereof) or any indemnity, warranty or guaranty payable by reason of loss or damage to or otherwise with respect to the foregoing Collateral.

      

       (b) Continuing Security Interest. Borrower agrees that this Agreement shall create a continuing security interest in the Collateral, which shall remain in effect until terminated in accordance herewith or payment in full of the Obligations.      

    

    3. Collateral. Except as provided under that certain Security Agreement by and between the Borrower and the Bridge Lender dated March __, 2007 ("Initial Security Agreement") and other security interests disclosed under Schedule 3, no arrangement exists whereby the Collateral will in the future become subject to a security interest senior to the Agreement. Borrower will not sell, assign or otherwise alienate the ownership of the Collateral or its use or operation except any sale or replacement in the ordinary course of Borrower's business; and Borrower will not use the Collateral in violation of any ordinance or state or federal statute or
      any administrative rule or regulation of law. In the event of the satisfaction of the Initial Security
      Agreement, this Agreement shall assume the senior position of the Initial Security Agreement.

     4. Borrower's Negative Covenants.

      Borrower covenants and agrees until the Obligations have been repaid in full that Borrower shall not do any of the following without the prior written consent of Bridge Lender:

    
       (a) Sell, lease, or otherwise dispose of, move, relocate or transfer, whether by sale or otherwise, any of Borrower's assets, except in the ordinary and usual course of Borrower's business as presently conducted;

        (b) Amend or restate Borrower's articles of incorporation, except as necessary increase Borrower's authorized common shares to comply with Borrower's obligations under the employment agreement of Greg Vacca as it existed prior to the Initial Security Agreement;

        (c) Change Borrower's name or form of entity, or add any new fictitious name;

        (d) Acquire, merge or consolidate with or into any other business organization;

        (e) Except as otherwise provided for in this Agreement, enter into any transaction not in the ordinary and usual course of Borrower's business;

        (f) Guarantee or otherwise become in any way liable with respect to the obligations of any third party except by endorsement of instruments or items of payment for deposit to the general account of Borrower or which are transmitted or turned over to Bridge Lender;

        (g) Make any change in the Borrower's financial structure or in any of its business objectives, purposes or operations which could adversely affect the ability of Borrower to repay the Obligations;

        (h) Incur any debts outside the ordinary and usual course of Borrower's business;

        (i) Make any advance or loan to any person or entity;

        (j) Prepay any existing indebtedness owing to any third party;

        (k) Cause, permit or suffer any change, direct or indirect, in Borrower's capital ownership, except that Borrower may issue up to 28,019 addition shares of Borrower's common stock to redeem certain stock option previously authorized by Borrower and up to 250,000 additional shares as necessary to comply with Borrower's obligations under the employment agreement of Greg Vacca as it existed prior to the Initial Security greement;

        (l) Make any distribution or declare or pay any dividends (in cash or in stock) on, or purchase, acquire, redeem or retire any of its common stock, membership or partnership interests, of any class, whether now or hereafter outstanding;

        (m) Suspend or go out of business;

        (n) Pay total compensation to officers of Borrower (or any of their relatives), including salaries, withdrawals, fees, bonuses, commissions, drawing accounts and other payments, whether directly or indirectly, in money or otherwise, during the each fiscal year of Borrower during the term of this Agreement in an aggregate amount for all such officers in excess of one hundred and ten percent (110%) of the total compensation paid in the prior fiscal year.

        (o) Make any loans, advances, intercompany transfers or cash flow between the Borrower and any subsidiary, related entity or affiliate of the Borrower or with any company that has common shareholders, officers or directors with the Borrower;

        (p) Allow to exist any lien or security interest in the Collateral, except for the security interest granted to Bridge Lender and such other security interests which have been consented to by Bridge Lender (including the Initial Security Agreement and security interests disclosed under Schedule 3);

        (q) Reorganize or reincorporate itself under the laws of any jurisdiction other the its state of incorporation;

        (r) File any financing statement or amendment or termination statement with respect to any financing statement filed in favor of Bridge Lender; or

        (s) Issue any equity interests or right or option to acquire equity interest in the Borrower (except as described in (k) above).

    

     5. Fees and Taxes. Borrower will timely pay any and all license fees, taxes, assessments and public charges, general and special, that may at any time be levied or assessed upon or against Collateral.

     6. Maintenance of Collateral. Borrower will, at Borrower's expense, maintain and keep the Collateral at its present location in good order and repair, ordinary wear and tear excepted, and shall not remove, demolish or substantially alter the Collateral, except any sale or replacement
      in the ordinary course of Borrower's business, without the prior written consent of the Bridge Lender. Borrower will not attempt to or actually dispose of, lend, transfer, lease or assign the Collateral, except any sale or replacement in the ordinary course of Borrower's business,
      without the prior written consent of Bridge Lender. Borrower may remove the Collateral in its ordinary course of business, provided, that such Collateral shall be replaced with property of a similar nature of equal or greater value. The security interest created by this Agreement will immediately attach to the substitute property when it is acquired, and the substitute property will become part or the Collateral defined in this

      Agreement.

    Subject to Section 3 herein, Borrower will use its best efforts to not permit the Collateral to be attached or seized by any legal process. Borrower will defend and indemnify Bridge Lender from all expense and liability of every kind to any person or to the property of any person by reason of or in connection with the delivery, possession or use of the Collateral.

    

     7. Further Acts. On a continuing basis, Borrower shall make, execute, acknowledge and deliver, and file and record in the proper filing and recording places, all such instruments and documents, and take all such action as may be necessary or advisable or may be requested by
     Bridge Lender to carry out the intent and purposes of this Agreement, or for assuring, confirming or protecting the grant or perfection of the security interest granted or purported to be granted hereby, to ensure Borrower's compliance with this Agreement or to enable Bridge Lender to
     exercise and enforce its rights and remedies hereunder with respect to the Collateral, including any documents for filing with the PTO or any applicable state office. Bridge Lender may record this Agreement, an abstract thereof, or any other document describing Bridge Lender' interest in
     the Collateral with the PTO, at the expense of Borrower. In addition, Borrower authorizes Bridge Lender to file financing statements describing the Collateral in any UCC filing office deemed appropriate by Bridge Lender. If the Borrower shall at any time hold or acquire a commercial tort claim arising with respect to the Collateral, the Borrower shall immediately notify Bridge Lender in a writing signed by the Borrower of the brief details thereof and grant to the Bridge Lender in such writing a security interest therein and in the proceeds thereof, all upon the terms of this Agreement, with such writing to be in form and substance satisfactory to the Bridge Lender.

     8. Authorization to Supplement. If Borrower shall obtain rights to any new patentable inventions or become entitled to the benefit of any patent application or patent for any reissue, division, or continuation, of any patent or trademark, the provisions of this Agreement shall automatically apply thereto. Borrower shall give prompt notice in writing to Bridge Lender with respect to any such new patent or trademark rights.

     9. Default. The breach or failure of any term, agreement, covenant or term of this Agreement or the occurrence of an event or default upon any term contained in the Promissory Note(s), which breach or failure has not been cured within thirty days written notice from Bridge Lender, shall constitute a default hereunder. A notice of default under this Agreement and the Promissory Note may only be made in accordance with the terms of the Promissory Note.

     10. Remedies. Upon the occurrence and continuance of any default as defined above, Bridge Lender will have the right at their option to enforce and to exercise any or all of their rights under this Agreement or otherwise. In addition to all other rights and remedies, Bridge Lender shall have the remedies of a secured party under the Uniform Commercial Code. In exercising these remedies, Bridge Lender and Borrower agree as follows:

    
       (a) Bridge Lender may, at its option, require Borrower to assemble the Collateral and make it available to Bridge Lender at a place to be designated by Bridge Lender, which is reasonably convenient to both parties. In the event Borrower fails or refuses to assemble the Collateral, Bridge Lender shall have the right, and Borrower hereby authorizes and empowers Bridge Lender, to enter the premises upon which the Collateral is located in order to remove the same.

        (b) Bridge Lender will give Borrower reasonable notice of the time and place of any public sale of the Collateral, or of the time after which any private sale or other intended disposition of the collateral is to be made, unless the Collateral is perishable, threatens to decline speedily in value, or is of a type customarily sold on a recognized market. The requirement of reasonable notice shall be met if a written notice is mailed to Borrower, postage prepaid, to the address of Borrower last known to Bridge Lender, at least ten (10) days prior to
        the date of the sale or disposition.

        (c) Borrower agrees to surrender possession of the Collateral to Bridge Lender in event Bridge Lender elects to foreclose this security interest. Borrower waives any notice of the exercise of any and all options reserved to Bridge Lender by this Agreement.

        (d) Borrower will, upon Bridge Lender's request, deliver to Bridge Lender all original invoices, bills, charge or credit card receipts, books and records and other documents evidencing or describing any of the account receivable constituting a part of the Collateral. Borrower will also execute and deliver to Bridge Lender an assignment of the right to receive payments under all such Accounts. The parties recognize, however, that in the event of default such Accounts shall be deemed assigned to Bridge Lender, whether or not the assignments described above are actually delivered.

        (e) Bridge Lender shall have the right and are hereby authorized to collect all amounts due under the Accounts; sue or take other actions to collect the same in their own name or as assignee of or in the name of Borrower; compromise or give acquittance for amounts due; and use such other measures as Bridge Lender may in its sole discretion deem appropriate for collection of the Accounts. All such actions shall be taken at the sole expense of Borrower, who agrees to reimburse Bridge Lender for all reasonable amounts expended (including a reasonable attorney's fee), together with interest thereon from the date of expenditure at the rate then applicable under the Promissory Note.

        (f) This Agreement constitutes a direction to and full authority to any Account debtor to pay directly to Bridge Lender any such accounts. No proof of default shall be required. Any such debtor is hereby irrevocably and unconditionally authorized to rely upon and comply with any notice from Bridge Lender. The debtor shall not be liable to Borrower or any person claiming under Borrower for making any payment or rendering any performance to Bridge Lender. The debtor shall have no obligation or right to inquire whether any default has occurred or is then existing. By its execution of this Agreement, Borrower irrevocably and unconditionally joins in, authorizes and consents to the above instructions.

        (g) The proceeds of any sale of the Collateral shall be applied to the following items in the following order: (a) the reasonable expenses of repossessing the Collateral and preparing for the holding the sale, including without limitation all reasonable attorney's fees incurred by Bridge Lender; (b) interest and principal then due (by acceleration or otherwise) under the Promissory Note and any other debts specifically secured by this Agreement; (c) interest and principal then due (by acceleration or otherwise) under any other debts of Borrower to Bridge Lender (to be applied in whatever order Bridge Lender may in their sole discretion determine);
        (d) indebtedness of Borrower to other secured parties, provided written notice of demand therefore is received by Bridge Lender before the sale (to be applied in the order Bridge Lender receives the written notices); and (e) the balance, if any, to Borrower.

    

     11. Notice. Any and all notices, requests, consents and demands required or permitted to be given hereunder shall be in writing and shall be deemed given and received (i) upon personal delivery, (ii) upon the first business day following the receipt of confirmation of facsimile transmission with receipt confirmation, or (iii) upon the third business day after deposit in the United States mail, by certified or registered mail, postage prepaid and addressed to the appropriate party at the address provided for in the Promissory Note. Any party may change by notice the address to which notices to that party are to be addressed.

     12. Miscellaneous. The following provisions are additional terms of this Agreement:

    
       (a) Bridge Lender has no duty to maintain, repair or protect the Collateral.

        (b) No waiver by Bridge Lender of any default shall operate as a waiver of any other default or of the same default on a future occasion.

        (c) All rights and remedies of Bridge Lender are cumulative and may be exercised successively or concurrently, and shall inure to the benefit of Bridge Lender's assigns.

        (d) All obligations of Borrower shall bind his trustees, custodians, general partners, successors and assigns.

        (e) The captions of the sections of this Agreement are inserted for convenience only and shall not be used in the interpretation or construction of any provisions hereof.

        (f) If any provisions of this Agreement are held invalid or unenforceable, the holding shall affect only the provision in question and all other provisions on this Agreement shall remain in full force and effect.

    

            

      IN WITNESS WHEREOF, Borrower has executed this Agreement the day and year first above written.

      

      JMJ TECHNOLOGIES, INC.

      

      a Georgia corporation

      By:

      Mark S. Copenhaver

      Chairman of the Board of Directors

	  

    SCHEDULE 3

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