Document:

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EXHIBIT 4.30

                           CONVERTIBLE PROMISSORY NOTE

THE SECURITIES EVIDENCED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED ("THE 1933 ACT") AND MAY NOT BE SOLD, TRANSFERRED,
ASSIGNED OR HYPOTHECATED UNLESS THERE IS AN EFFECTIVE REGISTRATION STATEMENT
UNDER THE 1933 ACT COVERING SUCH SECURITIES OR THE COMPANY RECEIVES AN OPINION
OF COUNSEL FOR THE HOLDER OF THESE SECURITIES, REASONABLY SATISFACTORY TO THE
COMPANY, STATING THAT SUCH SALE, TRANSFER, ASSIGNMENT OR HYPOTHECATION IS EXEMPT
FROM THE REGISTRATION AND PROSPECTUS DELIVERY REQUIREMENTS OF THE 1933 ACT. THE
TRANSFER OF THIS NOTE (AND THE SHARES OF COMMON STOCK THAT MAY BE ACQUIRABLE
UPON CONVERSION) IS SUBJECT TO RESTRICTIONS AS PROVIDED HEREIN. AN INVESTMENT IN
THIS NOTE (AND THE COMMON STOCK THAT MAY BE ACQUIRED UPON CONVERSION) IS HIGHLY
SPECULATIVE.

                           ILINC COMMUNICATIONS, INC.
                             A DELAWARE CORPORATION

                           CONVERTIBLE PROMISSORY NOTE

 ------------------------------------------ ------------------------------------
 Note Number: NPA - ________                Place of Issue:  Phoenix, Arizona
 Principal Balance:  $_______________       Date of Issue:  February 12, 2004
 ------------------------------------------ ------------------------------------

FOR VALUE RECEIVED, iLinc Communications, Inc., a Delaware corporation (the
"Company"), hereby promises to pay to
______________________________________________ or registered assigns
(hereinafter referred to as the "Holder"), the original principal sum of
_________________________ and 00/100 dollars ($__________________). This
Convertible Promissory Note (the "Note") is being issued as one of a series of
Notes of like tenor that are being issued by the Company pursuant to a certain
Note Purchase Agreement between the Company, the payee of this Note and certain
other Lenders, dated February 12, 2004 ("Purchase Agreement") (with the
capitalized but undefined terms herein having the meaning given them in the
Purchase Agreement) and with the aggregate principal amount of all notes
totaling $500,000 (collectively, the "Notes"). Until converted pursuant to
Section 4 hereof, interest on the unpaid principal sum of and any accrued but
unpaid interest under this Note shall be paid at the rate of 8% per annum for a
period of one year from the date hereof and thereafter at the rate of 12% per
annum until paid in full. If, however, a registration statement under the
Securities Act of 1933 with respect to all of the Registrable Securities (as
defined in the Purchase Agreement) has not become effective by July 31, 2004
("Registration Date"), the rate of interest under this Note shall be adjusted
retroactive effective to the date of this Note to the rate of 15% per annum
("Adjusted Rate"). In such event, the difference between the interest paid or
accrued at the Registration Date and interest accrued under the Adjusted Rate
for the period between the date of this Note and the Registration Date shall be
immediately due and payable and, if not paid immediately, shall be added to the
principal amount of this Note and shall bear interest at the Adjusted Rate.
Payments of interest shall be made quarterly in arrears and shall be paid on the
first day of each calendar quarter; provided that a registration statement not
become effective before the Registration Date, then during any period in which
interest accrues at the Adjusted Rate payments of interest shall be made on a
monthly basis, on the first day of each calendar month.

                                  Page 1 of 9
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1. PAYMENTS. Accrued interest shall be due and payable at the end of each
calendar quarter following the Issue Date. Unless earlier converted pursuant to
Section 4 hereof, the principal of and any accrued but unpaid interest under
this Note shall be due and payable two (2) years after the Issue Date (the
"Maturity Date"). Payment shall be made in lawful money of the United States of
America at the address of the Holder shown in the above-mentioned Note Purchase
Agreement, or at such other place as the Holder may designate in writing or, if
earlier, an Event of Default (as defined below). Prepayment of principal and
accrued interest may be made upon thirty (30) days' prior written notice to the
Holder. Except as otherwise set forth in Section 4, the Company shall have the
right to prepay all principal and accrued but unpaid interest of this Note prior
to the Maturity Date without penalty or premium, provided however that upon
receipt of written notice of the Company's intent to prepay this Note, Holder
shall have thirty (30) days to exercise its right to convert this Note into
Common Stock, as provided in Section 4 (the "Prepayment Notice Period"). The
Company and Holder agree that should the Company breach Section 5.7 of the
Purchase Agreement, (after notice by Lenders of breach thereof and the failure
to cure such breach within five (5) business days of the receipt of such notice
as provided therein), and only in that event, and unless already converted,
Holder shall be repaid out of the Peacock Offering Proceeds, but if the Peacock
Offering is not consummated, then the Maturity Date of this Note shall be April
15, 2005, at which time the then outstanding principal and accrued but unpaid
interest shall be then due and payable.

2. DEFAULT. If any of the following events (hereafter called "Events of
Default") shall occur:

         (a) the Company shall default in the payment of any principal or
accrued interest due under this Note on the date the same shall become due and
payable, whether at maturity or by acceleration or otherwise; or

         (b) upon any breach by the Company of any material representation,
warranty or covenant in this Note or the Note Purchase Agreement; provided that,
in the event of such material breach, shall not have been cured by the Company
within 30 days after receipt by the Company of written notice to the Company of
such breach; or

         (c) the Company shall make a general assignment for the benefit of
creditors; or

         (d) the Company shall file a voluntary petition in bankruptcy, or shall
be insolvent or adjudicated bankrupt, or shall file any petition or answer
seeking any reorganization, arrangement, composition, readjustment, liquidation,
dissolution or similar relief under the present or any future federal bankruptcy
act or other applicable federal, state or other statute, law or regulation, or
shall file any answer admitting the material allegation of a petition filed
against the Company in such proceeding, or shall seek or consent to or acquiesce
in the appointment of any trustee, receiver or liquidator of the Company of all
or any substantial part of the properties of the Company, or the Company shall
commence the winding up or the dissolution or liquidation of the Company; or

         (e) within sixty (60) days after the commencement of an action against
the Company (and service of process in connection therewith on the Company)
seeking any bankruptcy, insolvency, reorganization, liquidation, dissolution or
similar relief under any present or future statute, law or regulation, such
action shall not have been resolved in favor of the Company or all orders or
proceedings thereunder affecting the operations or the business of the Company
stayed, or if the stay of any such order or proceeding shall thereafter be set
aside, or if, within sixty (60) days after the appointment without the consent
or acquiescence of the Company of any trustee, receiver or liquidator of the
Company or of all or any substantial part of the properties of the Company, such
appointment shall not have been vacated; or

         (f) the Company (i) repurchases any shares of its common stock or
preferred stock, other than shares issued to officers, directors, employees and
consultants of the Company pursuant to agreements obligating the Company to
repurchase such shares upon termination of employment with or service to the
Company, (ii) pays a cash dividend or makes any other property distribution
(other than a dividend in the form of equity in the Company) to its equity
holders, or (iii) repays any of the Notes other than a repayment concurrently
made on all Notes on a pro rata basis. Should an Event of Default occur and
failure to cure if provided, then, and in each and every such case, the Holder
of the Note may, by written notice to the Company, declare all amounts under
this Note and all other Notes to be forthwith due and payable without
presentation, protest or further demand or notice of any kind, all of which are
hereby expressly waived.

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3. SUBORDINATION. The indebtedness evidenced by this Note is hereby expressly
subordinated, to the extent and in the manner hereinafter set forth, in right of
payment to the prior payment in full of all the Company's Senior Indebtedness,
as hereinafter defined.

         (a) SENIOR INDEBTEDNESS. As used in this Note, the term "Senior
Indebtedness" shall mean the principal of and unpaid accrued interest on: (i)
all indebtedness (whether or not secured) of the Company to banks, insurance
companies or other financial institutions regularly engaged in the business of
lending money, which is for money borrowed by the Company, (ii) amounts due to
software and equipment lessors pursuant to lease agreements whereunder the
Company is the lessee, and (iii) any debentures, notes or other evidence of
indebtedness issued in exchange for such Senior Indebtedness, or any
indebtedness arising from the satisfaction of such Senior Indebtedness by a
guarantor.

         (b) DEFAULT ON SENIOR INDEBTEDNESS. If there should occur any
receivership, insolvency, assignment for the benefit of creditors, bankruptcy,
reorganization or arrangements with creditors (whether or not pursuant to
bankruptcy or other insolvency laws), sale of all or substantially all of the
assets, dissolution, liquidation or any other marshaling of the assets and
liabilities of the Company, or if this Note shall be declared due and payable
upon the occurrence of a default with respect to any Senior Indebtedness, then
(i) no amount shall be paid by the Company in respect of the principal of or
interest on this Note at the time outstanding, unless and until the principal of
and interest on the Senior Indebtedness then outstanding shall be paid in full,
and (ii) no claim or proof of claim shall be filed with the Company by or on
behalf of the Holder of this Note that shall assert any right to receive any
payments in respect of the principal of and interest on this Note, except
subject to the payment in full of the principal of and interest on all of the
Senior Indebtedness then outstanding. If there occurs an event of default that
has been declared in writing with respect to any Senior Indebtedness as defined
in the instrument governing such Senior Indebtedness or in the instrument under
which any Senior Indebtedness is outstanding, permitting the holder of such
Senior Indebtedness to accelerate the maturity there of, then, unless and until
such default shall have been cured or waived or shall have ceased to exist, or
all Senior Indebtedness shall have been paid in full, no payment shall be made
in respect of the principal of or interest on this Note.

         (c) EFFECT OF SUBORDINATION. Subject to the rights, if any, of the
holders of Senior Indebtedness under this Section 3 to receive cash, securities
or other properties otherwise payable or deliverable to the Holder of this Note,
nothing contained in this Section 3 shall impair, as between the Company and the
Holder, the obligation of the Company, subject to the terms and conditions
hereof, to pay to the Holder the principal hereof as and when the same become
due and payable, or shall prevent the Holder of this Note, upon default
hereunder, from exercising all rights, powers and remedies otherwise provided
herein or by applicable law.

         (d) SUBROGATION. Subject to the payment in full off all Senior
Indebtedness and until this Note shall be paid in full, the Holder shall be
subrogated to the rights of the holders of Senior Indebtedness (to the extent of
payments or distributions previously made to such holders of Senior Indebtedness
pursuant to the provisions of Section 3(b) above) to receive payments or
distributions of assets of the Company applicable to the Senior Indebtedness. No
such payments or distributions applicable to the Senior Indebtedness shall, as
between the Company and its creditors, other than the holders of Senior
Indebtedness and the Holder, be deemed to be a payment by the Company to or on
account of this Note; and for the purposes of such subrogation, no payments or
distributions to the holders of Senior Indebtedness to which the Holder would be
entitled except for the provisions of this Section 4 shall, as between the
Company and its creditors, other than the holders of Senior Indebtedness and the
Holder, be deemed to be a payment by the Company to or on account of the Senior
Indebtedness.

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         (e) UNDERTAKING. By its acceptance of this Note, the Holder agrees to
execute and deliver such documents as may be reasonably requested from time to
time by the Company or the holder of any Senior Indebtedness in order to
implement the foregoing provisions of this Section 3.

4. CONVERSION.

         (a) GRANT OF RIGHT. Subject to the terms of Section 4(d) hereof, any
Holder of this Note has the right, at the Holder's option, at any time prior to
the Maturity Date or earlier payment in full of the entire principal balance of
and accrued interest under this Note, including without limitation, during the
thirty (30) day Prepayment Notice Period to convert, in accordance with the
provisions of this Section 4, (i) the outstanding principal amount of this Note,
in whole but not in part, and (ii) at the Holder's option, the accrued interest
under the Note which has been unpaid for thirty (30) or more days beyond its due
date as of the date of such conversion into fully paid and non-assessable shares
of the Common Stock, $0.001 par value, of the Company. The number of shares into
which this Note may be converted ("Shares") shall be determined by dividing the
then outstanding principal amount of the Note and/or accrued unpaid interest
under the Note by the conversion price in effect at the time of such conversion.
The initial conversion price ("Conversion Price") shall be $0.70 per Share.

         (b) NOTICE OF CONVERSION. Before the Holder shall be entitled to
convert this Note into Shares, he shall surrender this Note at the office of the
Company and shall give written notice by mail, postage prepaid, to the Company
at its principal corporate office, of the election to convert the same, if the
Holder is electing to convert pursuant to Section 4(a), and shall state therein
on the Notice of Conversion annexed to this Note the entire principal amount of
the Note to be converted and the accrued and unpaid interest on such principal
amount that is also to be converted.

         (c) SATISFACTION WITH REQUIREMENTS OF SECURITIES ACT OF 1933.
Notwithstanding anything to the contrary contained herein, each and every
conversion of this Note, is contingent upon the Company's satisfaction that the
issuance of Common Stock upon the conversion is exempt from the requirements of
the Securities Act of 1933, as amended, and all applicable state securities
laws. The Holder agrees to execute any and all documents deemed necessary by the
Company to effect a conversion of this Note.

         (d) MECHANICS AND EFFECT OF CONVERSION. No fractional Shares shall be
issued upon conversion of this Note. In lieu of the Company issuing any
fractional Shares to the Holder upon the conversion of this Note, the Company
shall pay to the Holder, when it is due, the amount of outstanding principal
that is not so converted and shall pay all accrued but unpaid interest thereof
not converted. Upon the conversion of this Note pursuant to Section 4(a) above,
the Holder shall surrender this Note, duly endorsed, at the principal office of
the Company. At its expense, the Company shall, as soon as practicable
thereafter, issue and deliver to such Holder at such principal office a
certificate or certificates evidencing the number of Shares of Common Stock to
which the Holder shall be entitled upon such conversion (bearing such legends as
are required by the Purchase Agreement and applicable state and federal
securities laws in the opinion of counsel to the Company), together with any
other securities and property to which the Holder is entitled upon such
conversion under the terms of this Note, including a check payable to the Holder
for any cash amounts payable for unpaid and accrued interest and for fractional
shares as described above. In the event of any conversion of this Note pursuant
to Section 4(a) above, such conversion shall be deemed to have been made
immediately prior to the closing of the issuance of such Common Stock and on and
after such date the Holder of this Note is entitled to receive the shares of
such Common Stock issuable upon such conversion and shall be treated for all
purposes as the record holder of such shares. Upon conversion of this Note, then
the Note shall be irrevocably extinguished and the Company shall be forever
released from all its obligations and liabilities under this Note, except that
the Company shall be obligated to pay the Holder within ten (10) days after the
date of such conversion any cash amounts resulting from fractional shares as
described above, and any unpaid and accrued interest to and including the date
of such conversion, and no more.

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5. CONVERSION PRICE ADJUSTMENTS.

         (a) STOCK SPLITS AND COMBINATIONS. If the Company shall at any time
subdivide or combine its outstanding shares of Common Stock, this Note shall,
after that subdivision or combination, evidence the right to convert into the
number of shares of Common Stock that would have been issuable as a result of
that change with respect to the Shares of Common Stock which were issuable upon
conversion of this Note immediately before that subdivision or combination. If
the Company shall at any time subdivide the outstanding shares of Common Stock,
the Conversion Price then in effect immediately before that subdivision shall be
proportionately decreased, and, if the Company shall at any time combine the
outstanding shares of Common Stock, the Conversion Price then in effect
immediately before that combination shall be proportionately increased. Any
adjustment under this section shall become effective at the close of business on
the date the subdivision or combination becomes effective.

         (b) RECLASSIFICATION, EXCHANGE AND SUBSTITUTION. If the Common Stock
issuable upon conversion of this Note shall be changed into the same or a
different number of shares of any other class or classes of stock, whether by
capital reorganization, reclassification, or otherwise (other than a subdivision
or combination of shares provided for above), the holder of this Note, shall, on
its conversion be entitled to receive in lieu of the Common Stock which the
Holder would have become entitled to receive but for such change, a number of
shares of such other class or classes of stock equivalent to the number of
shares of Common Stock that would have been received by the holder on conversion
of this Note immediately before that change.

         (c) REORGANIZATIONS, MERGERS, CONSOLIDATIONS OR SALE OF ASSETS. If at
any time there shall be a capital reorganization of the Company's Common Stock
(other than a combination, reclassification, exchange, or subdivision of shares
provided for elsewhere above) or merger or consolidation of the Company with or
into another corporation with the Company not being the survivor of the merger,
or the sale of substantially all of the Company's properties and assets to any
other person, then, as a part of such reorganization, merger, consolidation or
sale, lawful provision shall be made so that the holder of this Note shall
thereafter be entitled to receive upon conversion of this Note, the number of
shares of Common Stock or other securities or property of the Company, or of the
successor corporation resulting from such merger or consolidation, to which a
holder of the Common Stock deliverable upon conversion of this Note would have
been entitled in such capital reorganization, merger, or consolidation or sale
if this Note had been converted immediately before that capital reorganization,
merger, consolidation, or sale. In any such case, appropriate adjustment (as
determined in good faith by the Company's Board of Directors) shall be made in
the application of the provisions of this Note with respect to the rights and
interests of the holder of this Note after the reorganization, merger,
consolidation, or sale to the end that the provisions of this Note (including
adjustment of the Conversion Price then in effect and number of Shares
purchasable upon conversion of this Note) shall be applicable after that event,
as near as reasonably may be, in relation to any shares or other property
deliverable after that event upon conversion of this Note. The Company shall,
within thirty (30) days after making such adjustment, give written notice (by
first class mail, postage prepaid) to the registered holder of this Note at the
address of that holder shown on the Company's books. That notice shall set
forth, in reasonable detail, the event requiring the adjustment and the method
by which the adjustment was calculated and specify the Conversion Price then in
effect after the adjustment and the increased or decreased number of Shares
purchasable upon conversion of this Note. When appropriate, such notice may be
given in advance and include as a part thereof the notice required under other
provisions of this Note. If any capital reorganization or reclassification of
the capital stock of the Company, or consolidation or merger of the Company with
another corporation, or the sale of all or substantially all of the assets to
another corporation, shall be effected in such a way that holders of Common
Stock shall be entitled to receive stock, securities or assets with respect to
or in exchange for Common Stock, then, as a condition of such reorganization,
reclassification, consolidation, merger or sale, the Company or such successor
or purchasing corporation, as the case may be, shall execute with the Holder a
supplemental agreement providing that the Holder of each Note then outstanding
shall have the right thereafter and until the expiration of the period of
convertibility to convert such Note into the kind and amount of stock,
securities or assets receivable upon such reorganization, reclassification,
consolidation, merger or sale by a holder of the number of shares of Common
Stock into which such Note might have been converted immediately prior to such
reorganization, reclassification, consolidation, merger or sale, subject to
adjustment which shall be as nearly equivalent as may be practicable to the
adjustments provided for in this section.

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         (d) ISSUANCE OF STOCK BELOW CONVERSION PRICE.

                  If the Company shall at any time before the earlier of (x) the
expiration of six (6) months after the Issue Date of this Note or (y) the date
upon which a registration statement that covers the Shares that are available
upon conversion become effective, issue common stock to an investor with a
purchase price per share that is less than the Conversion Price ("Additional
Stock") then in effect under this Note, then the Conversion Price will be
reduced concurrently with such issue to an amount equal to the price per share
paid upon such issuance. For the purposes of this Agreement, "Additional Stock"
shall include shares of Common Stock issued directly and also the maximum number
of shares of Common Stock issuable upon the due exercise of options for the
purchase of Common Stock or the conversion of securities convertible into Common
Stock, in which case the purchase price shall be the exercise or conversion
price, as the case may be. Notwithstanding the foregoing, if anytime before the
expiration of one (1) year from the Issue Date, any options to purchase equity
or any common stock or any debentures, notes or other evidence of indebtedness
issued by the Company is sold to investors in the Peacock Offering (as defined
in the Purchase Agreement) then the common stock or other equity associated with
the Peacock Offering shall not be considered for purposes of Additional Stock,
and accordingly the Holder hereof acknowledges that it is the intention of the
Company to engage in a debt offering as a part of the Peacock Offering that may
include the sale of common stock or the issuance of options at a price below the
Conversion Price without the issuance of Additional Stock.

6. DIVIDENDS. In the event that the Company shall make any distribution of its
assets upon or with respect to its Common Stock, as a liquidating or partial
liquidating dividend, or other than as a dividend payable out of earnings or any
surplus legally available for dividends under the laws of the state of
incorporation of the Company, each Holder of any Note then outstanding shall,
upon the exercise of his right to convert after the record date for such
distribution or, in the absence of a record date, after the date of such
distribution, receive, in addition to the shares subscribed for, the amount of
such assets (or, at the option of the Company, a sum equal to the value thereof
at the time of distribution as determined by the Board of Directors in good
faith which would have been distributed to such Holder if he had exercised his
right to convert this Note) or the Common Stock issuable upon the conversion of
this Note immediately prior to the record date for such distribution or, in the
absence of a record date, immediately prior to the date of such distribution.

7. LIMITATIONS ON DISPOSITION. Holder agrees not to make any disposition of all
or any portion of this Note or any of the Common Stock issuable upon the due
conversion hereof (other than the valid conversion thereof in accordance with
its terms) unless and until: (a) there is then in effect a registration
statement under the Securities Act of 1933 covering such proposed disposition,
and such disposition is made in accordance with such registration statement; or
(b) (i) Holder has notified the Company of the proposed disposition and has
furnished the Company with a detailed statement of the circumstances surrounding
the proposed disposition, and (ii) if requested by the Company, Holder has
furnished the Company with an opinion of counsel, reasonably satisfactory to the
Company, that such disposition will not require registration of such Securities
under the Securities Act of 1933 or registration or qualification under any
applicable state securities law. Notwithstanding the foregoing, no investment
representation letter or opinion of counsel shall be required for any transfer
of Securities (i) in compliance with Rule 144 or Rule 144A of the Securities Act
of 1933 or (ii) by gift, will or intestate succession by Holder to his or her
spouse or lineal descendants or ancestors or any trust for any of the foregoing;
provided that, in each of the foregoing cases, the transferee agrees in writing
to be subject to the terms of this Note. In addition, if the holder of any
Securities delivers to the Company an unqualified opinion of counsel that no
subsequent transfer of such Securities shall require registration under the
Securities Act of 1933, the Company shall, upon such contemplated transfer,
promptly deliver new documents/certificates for such Securities that do not bear
the legend set forth in Section 8 hereof.

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8. LEGENDS. It is understood that the certificates evidencing the Common Stock
may bear one or more of the following legends:

         (a) The following legend under the Securities Act of 1933:

         "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF
         1933, AS AMENDED. THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR
         HYPOTHECATED IN THE ABSENCE OF A REGISTRATION STATEMENT IN EFFECT WITH
         RESPECT TO THE SECURITIES UNDER SUCH ACT OR AN OPINION OF COUNSEL
         SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED", or

         (b) Any legend required by state securities laws.

         The Company agrees to remove promptly, upon the request of the holder
of Securities issued upon conversion of this Note, the legend set forth in
Section 8(a) hereof from the documents/certificates for such Securities upon
full compliance with this Note, Rule 144 under the Securities Act of 1933 and
any other applicable provisions of the Securities Act of 1933 or the regulations
promulgated thereunder.

9. ASSIGNMENT. This Note applies to, inures to the benefit of and binds the
successors and assigns of the parties hereto. Any transfer of this Note will be
effected only by surrender of this Note to the Company and reissuance of a new
note to transferee. The Holder and any subsequent holder(s) of this Note receive
this Note subject to the foregoing items and conditions, and agree to comply
with the foregoing terms and conditions for the benefit of the Company and any
other holders.

10. NOTICES. Any notice, request or other communication required or permitted
hereunder shall be in writing and shall be deemed to have been duly given (i)
when received, if personally delivered, faxed, sent by nationally recognized
courier or U.S. Mail return-receipt requested, or (ii) on the third business day
after deposit in the U.S. Mail, if sent by first-class mail, in any such case to
the address of the recipient set forth in the above-mentioned Purchase Agreement
and, if to the Company, Attention: Chief Executive Officer. Any party hereto may
by notice so given change its address for future notice hereunder.

11. NO STOCKHOLDER RIGHTS. Nothing contained in this Note shall be construed as
conferring upon the Holder or any other person the right to vote or to consent
or to receive notice as a stockholder in respect of meetings of stockholders for
the election of directors of the Company or any other matters or any rights
whatsoever as a stockholder of the Company; and no dividends shall be payable or
accrued in respect of this Note or the capital stock obtainable hereunder until,
and only to the extent that, this Note shall have been converted.

12. NOTE REGISTER. This Note is transferable only upon the books of the Company,
which it shall cause to be maintained for such purpose. The Company may treat
the registered holder of this Note as he, she or it appears on the Company's
books at any time as the Holder for all purposes.

13. LOSS OF NOTE. Upon receipt of evidence satisfactory to the Company of the
loss, theft, destruction or mutilation of this Note, and of indemnity reasonably
satisfactory to the Company if this Note is lost, stolen or destroyed, and upon
surrender and cancellation of this Note if this Note is mutilated, the Company
shall execute and deliver to the Holder a new Note of like date, tenor and
denomination.

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14. AMENDMENT, WAIVER. The terms of this Note may be amended or waived only upon
the written agreement of the Company and the Holder.

15. HEADING: REFERENCES. All headings used herein are used for convenience only
and shall not be used to construe or interpret this Note. Except where otherwise
indicated, all references herein to Sections refer to Sections hereof.

16. SEVERABILITY. If one or more provisions of this Note are held to be
unenforceable under applicable law, such provision shall be excluded from this
Note and the balance of this Note shall be interpreted as if such provision were
so excluded and shall be enforceable in accordance with its terms.

17. MISCELLANEOUS. This Note shall be governed by and construed in accordance
with the laws of the State of Arizona. If an action is brought for collection
under this Note, the Company will pay all costs of collection actually incurred
by the Holder, including, but not limited to, the reasonable attorneys' fees.

18. MAXIMUM INTEREST. Regardless of any provision contained herein, the Company
shall never be required to pay and the holder hereof shall never be entitled to
receive, collect or apply as interest hereon, any amount in excess of the
highest lawful interest rate permitted under applicable law, and in the event
the holder hereof receives, collects or applies, as interest, any such excess,
such amounts which would be excessive interest shall be deemed a partial
prepayment of principal and treated hereunder as such for all purposes; and, if
the principal hereof is paid in full, any remaining excess shall be refunded to
the Company. In determining whether or not the interest paid or payable, under
any specific contingency, exceeds the highest lawful interest rate, the Company
and the holder hereof shall, to the maximum extent permitted under applicable
law (a) characterize any non-principal payment as an expense, fee or premium
rather than as interest, (b) exclude prepayments and the effects thereof, and
(c) pro rate, allocate and spread the total amount of interest throughout the
entire contemplated term hereof; provided that if the indebtedness evidenced
hereby is paid and performed in full prior to the end of the full contemplated
term hereof, and if the interest received for the actual period of existence
thereof exceeds the highest lawful interest rate, the holder hereof shall either
apply as principal reduction or refund to the Company the amount of such excess,
and in such event, the holder hereof shall not be subject to any penalties
provided by any laws for contracting for, charging or receiving interest in
excess of the highest lawful interest rate.

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IN WITNESS WHEREOF, the undersigned have caused this Note to be executed by the
undersigned as of the date first set forth above.

ILINC COMMUNICATIONS, INC.,
a Delaware corporation

By /s/ James M. Powers, Jr.
   ------------------------------
   James M. Powers, Jr.
   President

ATTEST: /s/ James L. Dunn, Jr.
        -------------------------
        James L. Dunn, Jr.
        Corporate Secretary

                                  Page 9 of 9Exhibit 10.17a

 

AMENDMENT AGREEMENT

 

This Amendment Agreement (“Amendment”) is made as of this 22nd day of
October, 2003, by and between Omnicell, Inc., a
Delaware corporation, as successor to Omnicell Technologies, Inc., a California
corporation (“Seller”), and General Electric Capital
Corporation, a Delaware corporation, as successor to General
Electric Company, a New York corporation (“Purchaser”).

 

Recitals
of Fact

 

A.  The parties hereto have
entered into a Program Agreement, executed on June 4, 1999, and June 7, 1999
(the “Program
Agreement”), by Seller and Purchaser, respectively; and

 

B.  It was the original intent
of the parties to the Program Agreement that the sales from the Seller to the
Purchaser under the Program Agreement constitute nonrecourse true sales of
equipment, leases, and receivables under such leases, and in particular that
the sale of equipment lease receivables constitute a true sale of receivables
for purposes of FAS 140 (or its predecessor FAS 125).  Each of the parties now wishes to rectify and amend, effective as
of June 7, 1999, the terms and conditions of the Program Agreement which are
inconsistent with this original intent of the parties, so as to clarify the
nonrecourse true sale nature of the sales from the Seller to the Purchaser.  This recital as to intent does not, however,
override the express terms of the Program Agreement as amended by this
Amendment.

 

NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Seller and Purchaser agree to
amend the Purchase Agreement as follows:

 

1.             Definitions.  Unless otherwise defined herein, the defined
terms used herein shall have the same meanings set forth in the Program
Agreement.  All references in the
Program Agreement to “GE” shall be deemed to refer to “Purchaser.”

 

2.             Amendments.

 

(a)           Exhibit A to the Program
Agreement is hereby deleted in its entirety.

 

(b)           Each of Section 1(e),
1(h), 1(m), 1(r), 2, 4, 6, 7, 9, 10, 14(g), 14(i), 14(j), 14(k), 14(l), 14(o),
14(s), 16, 19, and 20 of the Program Agreement is hereby deleted in its
entirety and replaced by the new Section 1(e), 1(h), 1(m), 1(r), 2, 4, 6, 7, 9,
10, 14(g), 14(i), 14(j), 14(k), 14(l), 14(o), 14(s), 16, 19, and 20,
respectively, set forth below:

 

Section
1.e:

“e.           ‘Default
by OMNICELL’ means (i) a material breach by OMNICELL of any representation or
warranty in this Agreement as of the date such representation or warranty was
made or reaffirmed; or (ii) a material breach by OMNICELL of any covenant of
this Agreement, which breach is not cured within 30 days after written notice
to OMNICELL; or (iii) a material default of any agreement by which OMNICELL is
bound in connection with a Transaction or Service Agreement which leads to a

 

1

 

Customer’s failure to pay GE, and such failure to pay has a reasonable
opportunity of being adjudicated as a justifiable non-payment because of
OMNICELL’s breach.”

 

Section
1.h:

“h.           ‘Lease’
means a Schedule and, to the extent incorporated therein, the related Master
Rental Agreement, between OMNICELL and a Customer, which have subsequently been
assigned to GE, for a specified term during which GE shall be the owner of the
relevant Equipment (not the Software) and the Customer shall be allowed the use
of such Equipment and related Software; provided, however, that in the event that
the Customer enters into a combined “Master Rental and Service Agreement,” or
any similar document in which there are obligations to make payments for both
(a) the lease of a System and (b) the provision of related services, the term
“Lease” shall refer to such combined agreement only insofar as it relates to
the lease of equipment and software, and not the provision of service,
maintenance and updated versions of existing Software capabilities.”

 

Section
1.m:

“m.          “Purchase
Price” means the amount funded by GE to OMNICELL based on the discounted rental
payments of the Lease.”

 

Section
1.r:

“r.            “Transaction”
means the lease of a System by OMNICELL in the form of a Lease or other product
offered under the Program, but does not include any servicing.”

 

Section
2:

“2.           ORIGINATING
TRANSACTIONS.  OMNICELL agrees that
during the term of this Agreement, OMNICELL will refer GE to its Customers as
the entity that will finance the Customer’s acquisition of the System; provided
that nothing contained herein shall (a) require OMNICELL to offer financing
options through GE to any prospective customer who has requested that another
company finance such customer’s acquisition of a System or who has not
requested financing or (b) impair OMNICELL’s ability to seek third party
financing for any prospective customer whose Application has been declined by
GE, nor will it require OMNICELL to propose GE as a funding source in
Transactions where the Customer is not a hospital.  GE will be given first right of refusal on all new Transactions
where the Customer is a hospital and has a Customer Credit Rating Category of
“A”.  In cases where the hospital is
adding to an existing Lease, OMNICELL reserves the right to place that Schedule
with the original financing company.”

 

Section
4:

“4.           REVIEW.  OMNICELL will, prior to document
preparation, provide the name, address and Taxpayer Identification Number of
the prospective Customer to GE.  GE will
attempt to complete its review based upon publicly available information.  If insufficient information is publicly
available, in the reasonable determination of GE, then GE may request that
OMNICELL obtain additional reasonable credit information directly from the
Customer and will notify OMNICELL within two (2) business days of its receipt
of the name, address and Taxpayer ID number of the prospective Customer if such

 

2

 

additional information is needed. 
To the extent they may legally do so, OMNICELL representatives will
assist in providing any credit information regarding a prospective Customer
which is reasonably requested by GE. 
Upon receipt thereof, GE will review and either approve or reject the
Customer, at GE’s sole discretion, and will notify OMNICELL of its
determination and of the customer credit rating category (as shown on Exhibit
“E”), if applicable, to which it has assigned the prospective Customer.  It is anticipated that seventy-five percent (75%)
of Customer Credit Rating Category, as a proportion of total dollar volume,
will be classified as “A” or “B”. 
Should the actual percentage fall below this percentage, then the
Relationship Managers will meet to discuss changes to this Agreement they deem
necessary to achieve this target.  GE
will complete its review (i) within three (3) business days after receipt of
all information required to complete such review where the Transaction size is
under $250,000; within five (5) business days in the case of any Transaction
where the Transaction size is between $250,000 and $2,000,000 and within ten
(10) business days in the case of any Transaction where the Transaction size is
over $2,000,000 and (ii) as soon as practicable and in no event later than ten
(10) business days after receipt of all information required to complete such
review in the case of any Transaction where the prospective Customer is a
non-hospital healthcare provider.  If GE
fails to meet these time frames on a Transaction, then OMNICELL may take that
specific Transaction to another financing source.  GE may suggest alternative financing structures which enable it
to approve an Application. OMNICELL will advise the Customer of the approval or
rejection of the proposed Transaction, and will deliver to GE the Final
Document Package for each approved Transaction.  GE will provide any notice required to be sent to a prospective
Customer under the Equal Credit Opportunity Act and/or Regulation “B” or other
applicable statute or regulation in the event of a rejected Application.”

 

Section
6:

“6.           FUNDING.  Provided that GE has not revoked its
approval of a Transaction pursuant to Section 5, GE will pay OMNICELL the
Purchase Price of the Transaction, within five (5) business days (or such other
period as the parties mutually agree in writing) following GE’s receipt of the
Final Document Package.”

 

Section
7:

“7.           EQUIPMENT
TITLES AND WARRANTIES.  (a) OMNICELL
hereby (i) consents to the assignment to GE of and all warranty rights in
connection with, the Equipment related to such Transaction, (ii) agrees that,
upon the acceptance of the related System by the applicable Customer, it will
deliver to GE a properly executed Bill of Sale in the form of Exhibit F,
and (iii) agrees that GE will not be liable for any obligations of such
Customer.  (b) OMNICELL will bear all
risk of loss to the System until the date of its acceptance by the
Customer.  (c) In the event any Customer
returns or fails to accept any part of the System for any reason whatsoever
prior to the date on which GE pays the Purchase Price to OMNICELL, GE may
assign its rights to OMNICELL and thereafter will have no further liability to
OMNICELL or to such Customer.”

 

3

 

Section
9:

“9.  SERVICE CONTRACTS.  (a) OMNICELL will offer service contracts to
prospective Customers which provide for Systems service and maintenance and
updated versions of existing Software capabilities (“Service Agreements”); provided,
however, that in the event that the Customer enters into a combined
“Master Rental and Service Agreement,” or any similar document in which there
are obligations to make payments for both (A) the lease of a System and (B) the
provision of related services, the term “Service Agreement” shall refer to such
combined agreement only insofar as it relates to the provision such service,
maintenance and updated versions of existing Software capabilities, and not the
lease of equipment and software.  In the
event that a prospective Customer agrees to enter into a Service Agreement, in
conjunction with a Transaction, which OMNICELL would like GE to finance or bill
and collect on OMNICELL’s behalf, then OMNICELL shall notify GE of such event
and shall provide GE with a copy of the applicable Service Agreement.  Following consultation with OMNICELL, and
provided OMNICELL has requested that GE do the following, and in any event
within five (5) business days, GE shall, at its option, elect (i) to bill and
collect the Service Agreement on behalf of OMNICELL at no charge to OMNICELL or
(ii) fund OMNICELL an amount equal to payments due under the Service Agreement
over its initial term discounted from the due date thereof to the date of
payment at the Standard Rate.

 

(b) If GE elects to bill and collect the
Service Agreement on behalf of OMNICELL, then GE shall provide its customary
billing and collections services in connection with such Service Agreement and
shall remit to OMNICELL all payments actually collected by GE with respect to
such Service Agreement on or before the tenth day of each month following the
month the money is collected.  In the
event that any Customer makes a single payment to GE for amounts owed under the
Transaction and amounts owed to OMNICELL under the Service Agreement and such
payment is insufficient to pay in full the amounts then due to GE and OMNICELL,
then GE shall either (A) apply such payment as directed by the applicable
Customer (which direction may be solicited by GE within a reasonable time after
receipt of such payment) or (B) deduct from the single payment its pro rata
share of such payment based upon the amounts then due to GE and OMNICELL by
such Customer, and remit the remaining amount to OMNICELL.  GE shall have no liability or responsibility
to OMNICELL for any default by the applicable Customer under the applicable
Service Agreement or for any monies related to Service Agreements which are not
actually received by GE.

 

(c) In the event that (i) the Customer
enters into a combined “Master Rental and Service Agreement,” or any similar
document in which there are obligations to make payments for both (A) the lease
of a System and (B) the provision of related services (a “Combined Lease”), and (ii)
under such Combined Lease the Customer is obligated to make payments that are
not broken down between rental payments and service payments, then for purposes
of this Agreement, and specifically the definitions of “Lease” and “Service
Agreement,” seventy-five percent (75%) of each such payment shall be deemed to
relate to the lease of the System and twenty-five percent (25%) shall be deemed
to relate to the provision of services.”

 

4

 

Section
10:

“10.         SYSTEM
UPGRADES AND EARLY TERMINATIONS. 
Notwithstanding anything to the contrary, OMNICELL reserves the right to
enter into additional Leases with a Customer for whom GE has purchased other
Leases.  (a) If any Customer notifies GE
that it wishes to have GE finance the replacement of Equipment originally
subject to a Transaction (the “Original Equipment”) with new Equipment (the
“Upgrade Equipment”), or the original Software (“Original Software”) with
Software which offers new capabilities (as opposed to an updated version of
existing capabilities) (the “New Software”), GE will notify OMNICELL of the
Customer’s request.  Following such
notification, unless an Event of Cancellation has occurred and subject to
credit approval, at GE’s sole discretion, GE will finance, pursuant to paragraph
(c) below, the acquisition by such Customer of Upgrade Equipment and
New Software (if applicable) which will replace, in whole or in part, the
Original Equipment and Original Software (if applicable).

 

(b) [intentionally omitted]

 

(c) If the Upgrade Equipment and New Software
(if applicable) replaces all or in part the Equipment and Software originally
subject to the Transaction, that portion of the Net Book Value of the original
Transaction pertaining to Equipment and Software which has not been replaced
will be added to the Purchase Price of the Upgrade Equipment and New Software
(if applicable) to determine the payments due during the remainder of the term
of the new Transaction.  OMNICELL shall
have no payment obligation to GE.

 

(d) If any Customer notifies GE that it
wishes GE to finance its acquisition of Upgrade Equipment and New Software, GE
will notify OMNICELL of the Customer’s request.  If (i) GE declines to finance the Customer’s acquisition of such
Upgrade Equipment and New Software or (ii) Customer will no longer be using
some or all of the Original Equipment and Original Software and GE will not
allow the entire Net Book Value of the old Transaction to be refinanced under
the new Transaction, GE will: (A) if GE declines to finance the Upgrade, permit
the Customer to terminate the original Transaction without penalty upon the
payment to GE of an amount equal to the Net Book Value of the applicable
Transaction, or (B) in the case of the Customer not using some or all of the
Original Equipment and Original Software, require, as a condition to the credit
approval of the new Transaction, that the Customer terminate the original
Transaction without penalty upon the payment to GE of an amount equal to the
Net Book Value of the applicable Transaction or portion thereof that is not
refinanced.  Upon receipt of the Net
Book Value, GE will pass title to the Original Equipment to OMNICELL (if
applicable) for one dollar ($1.00) free and clear of all liens attributable to
GE, and reassign any financing statements related thereto.

 

(e) If any Customer notifies GE that it
wishes to terminate any Transaction prior to its scheduled expiration date for
any reason other than an upgrade, GE will notify OMNICELL of the Customer’s
request.  Following such notification,
GE will permit the Customer to terminate the applicable Transaction upon (i)
the expiration of a thirty (30) day notice period and (ii) the payment to GE of
an amount equal to the Net Book Value

 

5

 

of the applicable Transaction, plus a fee for early termination of 5%
of the amount funded if such termination occurs in the first year, 4% of the
amount funded if such termination occurs in the second year, 3% of the amount
funded if such termination occurs in the third year, 2% of the amount funded if
such termination occurs in the fourth year and 1 % of the amount funded if such
termination occurs in the fifth year. 
Upon early termination, OMNICELL may purchase the related Equipment back
from GE for one dollar ($1.00) free and clear of all liens attributable to GE.”

 

Section
14(g), (i), (j),(k), (l), (o) and (s):

“(g) OMNICELL will honor any agreements made or warranties given by
OMNICELL under the Lease to any Customer in connection with such Transaction,
provided they are in writing and duly executed.

 

(i) GE will have good title to the Equipment free and clear of all
liens, claims, and encumbrances on the date it is accepted by a Customer,
subject only to (a) the interest of the Customer under the Lease and (b) the
interest of OMNICELL under this Agreement.

 

(j) Neither OMNICELL nor its agents have participated in or have any
knowledge of any fraudulent act in connection with such Transaction.

 

(k) The System will be delivered to and accepted by the named Customer,
properly installed and will be in good working order, condition and repair,
conforming to specifications, reasonable wear and tear excepted, on the date
title to said specific Equipment is transferred to GE.

 

(l) All credit or other information, reasonably relevant to a credit
decision concerning the Customer, known to OMNICELL and which can be lawfully
provided by OMNICELL to GE was disclosed to GE.

 

(o) The financial statements of OMNICELL delivered to GE from time to
time fairly present the financial position of OMNICELL as of the dates thereof
and the results of operations of OMNICELL for the periods covered thereby, all
in conformity with generally accepted accounting principles applied on a
consistent basis.

 

(s) If OMNICELL is a private company, OMNICELL will provide written
notice of a material change in a material portion of its stock or asset
ownership.”

 

Section
16:

“16.         REMARKETING
ASSISTANCE.  (a) Upon the occurrence of
a failure of a Customer to pay GE any amounts owed GE within sixty (60) days
after the applicable due date, upon GE’s request and provided that GE has made
the applicable Equipment legally available, OMNICELL will use commercially
reasonable efforts to obtain physical possession of the System; provided
further, that OMNICELL shall not be required to take any legal
action or to commence any legal proceeding against the Customer to obtain
possession.  GE shall promptly reimburse
OMNICELL for all costs related to taking possession, including but not limited
to deinstallation and transportation.

 

6

 

OMNICELL will then have a first right of refusal to purchase the
Equipment at GE’s Net Book Value. 
Should OMNICELL choose not to purchase the Equipment, OMNICELL will
promptly provide GE with a written estimate of its costs of repair,
refurbishment, insurance and remarketing (“Out-Of-Pocket Costs”).  If GE approves such Out-Of-Pocket Costs,
OMNICELL will repair and refurbish the System, including replacing the existing
Software configuration with its most recent available Software upgrades (if
necessary), and attempt to remarket the System to a third party on a ninety
(90) day basis during the Remarketing Period. 
If the Equipment has not been remarketed by OMNICELL within the ninety
(90) day period, GE and OMNICELL may agree to continue to have OMNICELL
remarket the equipment for additional period(s) or GE shall be able to remarket
the equipment itself.  GE will pay
OMNICELL its previously approved Out-Of-Pocket Costs, but will not be obligated
to pay Out-Of-Pocket Costs which exceed the estimated Out-Of-Pocket Costs by
more than five percent (5%).  If GE does
not approve such Out-Of-Pocket Costs, (i) OMNICELL shall have a right of first
refusal to purchase the Equipment for an amount equal to GE’s Net Book Value,
and (ii) if OMNICELL does not exercise such right of first refusal within ten
(10) days after written notice from GE of such failure to approve the
Out-Of-Pocket Costs, OMNICELL will promptly cause the System to be crated and
safely delivered to a location selected by GE and GE will use commercially
reasonable efforts to remarket the System and distribute the proceeds pursuant
to this Agreement.

 

(b)           In performing its remarketing
responsibilities hereunder: (i) OMNICELL will remarket the System on a
non-discriminatory and non-priority basis, as compared to substantially similar
used equipment and software owned by OMNICELL or another party to whom OMNICELL
may be bound to provide remarketing assistance; (ii) OMNICELL will refurbish
and upgrade the System and make available maintenance service to any subsequent
purchaser or lessee of the Equipment and licensee of the Software at OMNICELL’s
then current market rates; (iii) OMNICELL will grant a valid license to the
Software to any subsequent purchaser or lessee of the Equipment upon such
purchaser’s or lessee’s acceptance of OMNICELL’s standard software license
agreement; (iv) OMNICELL will not permit any lien or encumbrance to attach to
the System by or through OMNICELL, and will waive any right or claim to the
Equipment which may arise in connection with its remarketing services; (v)
OMNICELL will warrant that the System that is delivered to customers will be in
good working order, condition and repair, conforming to specifications
according to OMNICELL’s current warranty policy for used equipment and will
meet all applicable governmental standards; and (vi) OMNICELL will not agree to
any sales price or lease terms without GE’s prior approval.

 

(c)           If OMNICELL, GE, or any other party is able
to remarket the System to a third party, subject to the terms of the applicable
Lease and the UCC, if applicable, the Remarketing Proceeds will be distributed
in the following manner: (i) first, to OMNICELL, to the extent not already paid
or reimbursed by GE, an amount equal to the sum of (A) its approved Out-Of-Pocket
Costs, and (B) any other costs of taking possession, including but not limited
to deinstallation and transportation; (ii) second, to GE, an amount equal to
the applicable Net Book Value; (iii) third, to OMNICELL, any excess Remarketing
Proceeds.”

 

7

 

Section
19:

“19.         TERM AND TERMINATION.  This Agreement shall be effective upon
execution by GE and OMNICELL and shall continue from such effective date for a
period of five (5) years, unless sooner terminated by either party upon the
occurrence of a Termination Event or without cause with ninety (90) days prior
written notice.  Upon the expiration or
termination of this Agreement, the obligations of the parties with respect to
Transactions not funded by GE shall cease, but all obligations with respect to
Transactions which have been funded by GE shall survive.  If this Agreement is terminated upon the
occurrence of a Default by OMNICELL, GE’s sole remedy will be, as to Service
Agreement payments purchased by GE, (i) to require OMNICELL to repurchase all
remaining service fee payments owed to GE by a Customer under all Service
Agreements materially adversely affected by said Termination Event discounted
to the present value using the Standard Rate used when the applicable Service
Agreement was purchased by GE or (ii) to exercise its rights under Section 14B.  Notwithstanding anything in this Agreement
to the contrary, OMNICELL shall not be required to repurchase any rental
payments under any Lease, which rental payments GE is unable to collect due to
the insolvency, bankruptcy, or financial inability to pay of any Customer.”

 

Section 20:

“20.         ASSIGNMENT OF RIGHTS.  The rights and obligations of GE and
OMNICELL under this Agreement may not be assigned without the prior written
consent of the other party; provided that GE may without prior written consent
assign any of its rights hereunder or under any Transaction to an affiliate or
other entity in which a majority of the common stock is owned directly or indirectly
by GE, and OMNICELL may without prior written consent assign any of its rights
to payment hereunder to any party.  GE
may, in its sole discretion, securitize or syndicate its rights under any
Transaction.”

 

(c)           A new Section 14A shall
be added to read as follows:

 

Section
14A:

 

“14A.      REPRESENTATIONS AND WARRANTIES OF OMNICELL
REGARDING SERVICE AGREEMENTS.  OMNICELL
hereby represents, warrants and covenants to GE, its permitted successors and
assigns, as of the date hereof, of the Application and on each date that
payments under a particular Service Agreement (an “Assigned Service Agreement”)
are purchased by GE, that:

 

(a) OMNICELL is a duly organized and validly
existing corporation in its state of incorporation and has full power to enter
into this Agreement and to carry out the transactions contemplated hereby.

 

(b) The execution and delivery of this
Agreement and the performance by OMNICELL of the transactions contemplated
hereby have been duly authorized by all necessary corporate action.

 

8

 

(c) This Agreement constitutes a legal, valid
and binding obligation of OMNICELL enforceable in accordance with its terms.

 

(d) Neither the execution of this Agreement
nor the consummation of the transactions contemplated hereby will constitute
(i) a violation or default of any material statute, rule, or decree of any
court, administrative agency or governmental body to which OMNICELL is subject,
or (ii) a material default with respect to any material indenture, loan
agreement or other agreement to which OMNICELL is bound.

 

(e) All documents relating to the Assigned
Service Agreement, to which OMNICELL is a party or by which it is bound will be
genuine, legal, valid, and binding obligations of OMNICELL.

 

(f) In all documents where OMNICELL is
responsible for obtaining the Customer’s signature, the signature of the named
Customer is, to the best of OMNICELL’s knowledge, genuine, and the individual
signing on behalf of the Customer holds the office set forth below his signature.

 

(g) OMNICELL will (i) honor any agreements
made or warranties given by OMNICELL under the Assigned Service Agreement to
any Customer in connection with such Assigned Service Agreement, and (ii) will
service and maintain the System in accordance with any agreements made or
warranties given by OMNICELL in connection with any Transaction (including,
without limitation, any applicable downtime protection agreements), if the
failure to so service and maintain will give the Customer the right to terminate
the applicable Lease, return the System or avoid liability for any obligations
otherwise owing to GE under such Lease; provided that, in all cases, such
agreements or warranties are in writing and duly executed.  GE’s remedies under applicable law for any
breach by OMNICELL under this Section 14A(g) shall be in addition to any
remedy that might be available under Section 16 or Section 19 hereof.  In the event a Lease is terminated and the
System is returned as described in subpart (ii) above, such System may be
remarketed pursuant to Section 16 and any avoided liabilities
shall be deemed defaulted lease payments in the calculation of Net Book Value
under Section
16.

 

(h) OMNICELL has not received and kept any
rent or other monies from any Customer in respect of any Assigned Service
Agreement (other than any required down payments) which is owed to GE and
OMNICELL will immediately remit any funds owed to GE which it may receive.

 

(i) Neither OMNICELL nor its agents have
participated in or have any knowledge of any fraudulent act in connection with
such Assigned Service Agreement.

 

(j) All credit or other information,
reasonably relevant to a credit decision concerning the Customer, known to
OMNICELL and which can be lawfully provided by OMNICELL to GE was disclosed to
GE.

 

9

 

(k) As of the date hereof, there are no suits
or proceedings pending or, to the knowledge of OMNICELL, threatened in any
court or before any regulatory commission, or other administrative or
governmental agency against or affecting OMNICELL which is reasonably likely to
materially impair OMNICELL’s ability to perform its obligations hereunder or in
connection with any Assigned Service Agreement.

 

(l) All sales, use, or property taxes applicable
to the services assessed or imposed prior to the time GE pays the applicable
purchase price for payments under an Assigned Service Agreement, will have been
paid or will be timely remitted by OMNICELL to the appropriate taxing
authority, and OMNICELL will on request provide GE with proof of such payment
as promptly as possible.

 

(m) The financial statements of OMNICELL
delivered to GE from time to time fairly present the financial position of
OMNICELL as of the dates thereof and the results of operations of OMNICELL for
the periods covered thereby, all in conformity with generally accepted
accounting principles applied on a consistent basis.

 

(n) If OMNICELL is a private company,
OMNICELL will provide written notice of a material change in a material portion
of its stock or asset ownership.”

 

(d)           A new Section 14B shall
be added to read as follows:

 

Section
14B:

 

“14B.      COVENANT OF OMNICELL REGARDING SERVICE
AGREEMENTS.  In the event that an
Assigned Service Agreement is terminated prior to expiration of the stated term
of such Assigned Service Agreement, as a result of a Service Agreement
Termination Event (defined below), then OMNICELL shall, not more than 30 days
after written notice from GE, repurchase the Remaining Unearned Payments
(defined below) from GE for a purchase price equal to the Remaining Unearned
Payments originally purchased by Purchaser with each such payment discounted to
its present value from the date thereof to the date of the repurchase by
OMNICELL at the applicable Standard Rate (the “Repurchase Price”).  Upon receipt of the Repurchase Price, GE
will pass title to such Remaining Unearned Payments to OMNICELL free and clear
of all liens attributable to GE, and reassign any financing statements related
thereto. “Remaining
Unearned Payments” means payments under Assigned Service Agreements
to the extent that: (i) such payments would have come due if not for the early
termination of the applicable Assigned Service Agreement, (ii) such payments
have not been paid by Customer as of the date of such repurchase by OMNICELL,
and (iii) OMNICELL is no longer obligated to perform the obligations relating
to such payments.  “Service Agreement Termination Event”
means the early termination of a Lease as a result of:  (A) an upgrade or early termination as
contemplated by Section 10 or (B) the failure of a Customer to pay GE any
amounts owed GE within sixty (60) days after the applicable due date.”

 

(e)           The following sentence
shall be added at the end of Section 18 of the Program Agreement:  “Notwithstanding anything in this Agreement
to the contrary, OMNICELL shall not

 

10

 

be required to indemnify GE for any failure to collect
rental payments under any Lease due to the insolvency, bankruptcy, or financial
inability to pay of any Customer.”

 

(f)            The following sentence
shall be added at the end of Section 5 of the Program Agreement:  “Upon payment of the Purchase Price by GE,
GE shall be deemed to have received the Final Document Package in form and substance
satisfactory to GE.”

 

(g)           The following sections
of the Program Agreement are deleted in their entirety: Section 14(q) and (r).

 

(h)           Exhibit F to the Program
Agreement is amended and restated in its entirety as set forth in the new Exhibit F attached
hereto.

 

3.             True Sale and Not a Loan.  Each party further covenants and
agrees that it shall treat the sale from the Seller to the Purchaser of the
Lease receivables as a true sale for all purposes, and not as a loan.

 

4.             No Prior Assignment.  By signing below, each party
further represents and warrants to each other party that it has not assigned
any of its rights or obligations under the Program Agreement and that it has
the power and authority to execute this Amendment.

 

5.             Effect of Amendment.   This Amendment shall become effective
retroactively as of June 4, 1999.  The
Program Agreement shall terminate on June 3, 2004, unless otherwise agreed by
the parties in writing.

 

6.             Miscellaneous.  Except as expressly amended pursuant hereto,
the Purchase Agreement shall remain unchanged and in full force and effect and
is hereby ratified and confirmed in all respects.  The parties’ execution and delivery of, or acceptance of, this
Amendment and any other documents and instruments in connection herewith shall
not be deemed to create a course of dealing or otherwise create any express or
implied duty by the parties to provide any other or further amendments,
consents or waivers in the future.

 

11

 

IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be
executed by their duly authorized representatives as of the day and year first
above written.

 

	
  OMNICELL, INC.

  	
   

  	
  GENERAL ELECTRIC CAPITAL

  COPORATION

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Dennis Wolf

  	
   

  	
  By:

  	
  /s/ Daniel Morse

  	
   

  
	
  Name:

  	
  Dennis Wolf

  	
   

  	
  Name:

  	
  Daniel Morse

  	
   

  
	
  Title:

  	
  Executive Vice President of Operations, Finance and Administration
  & CFO

  	
   

  	
  Title:

  	
  Senior VP SVP-Global Risk Manager

  	
   

  
	
   

  

 

S-1

 

EXHIBIT “F”

 

BILL OF SALE

 

Omnicell, Inc. (“Seller”) in consideration of:

 

 

paid by General Electric Company (“Buyer”), receipt of which is
acknowledged, hereby grants, sells, transfers and delivers to the Buyer: (i)
Supplement to Rental Agreement No.
                 ,
(the “Supplement”), between Seller and the customer named below (“Lessee”),
(ii) the related Master Rental Agreement No.     , between
Seller and Lessee, to the extent incorporated into the Supplement, and (iii)
the OmniCell System or Sure-Med System equipment (“Equipment”), as described
below:

 

Master Rental Agreement Number:

 

Master Rental Agreement Date:

 

Supplement to Rental Agreement:

 

Customer Name:

 

Buyer shall have all rights and title to the Equipment, but shall have
no rights in any related software.

 

Seller warrants and represents to Buyer that the title to be conveyed
is good, its transfer is rightful and the Equipment is, has been, or shall be
delivered free from any interest or other lien or encumbrance, other than (a)
the interest of Lessee under the Supplement to Rental Agreement and (b) the
interest of Seller under that certain Program Agreement, executed as of June 4,
1999, and June 7, 1999, by Seller and Buyer, respectively, as amended from time
to time.

 

IN WITNESS WHEREOF, Buyer and Seller have executed this Bill of Sale
this
               
day of
                  .

 

	
  Seller:

  	
  Buyer:

  
	
   

  	
   

  
	
  OMNICELL, INC.

  	
  GENERAL ELECTRIC
  CAPITAL

  CORPORATION

  
	
   

  	
   

  
	
  By:

  	
   

  	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  
	
  Title:

  	
   

  	
   

  	
  Title:

  	
   

  	
   

  
									

 

1

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