Document:

Unassociated Document

    PROMISSORY
      NOTE - CMC III

     

    
      	
              $500,000
                (Five Hundred Thousand
                Dollars)

            	 	
               Dated:
                March 6, 2008

            
	
              Principal
                Amount

            	 	
               State
                of Nevada

            

    

     

    Funding
      Date-
      On or
      before March 10, 2008

    Due
      Date
      of Note
      September 10, 2008

     

    FOR
      VALUE
      RECEIVED, Five Hundred Thousand Dollars ($500,000), the undersigned,
      Indigo-Energy, Inc., a Nevada Corporation, located at 701 N. Green Valley
      Parkway, Suite 200, Henderson, NV 89074 (Borrowers)
      hereby
      promises to pay to the order of Carr Miller Capital LLC, a Corporation or his
      assigns located at 701 Rt-73 South, Suite 410, Marlton, NJ 08053 (Maker)
      the sum
      of $500,000 (Five Hundred Thousand Dollars). Said sum shall be paid in the
      manner following:

     

    This
      Promissory Note shall bear Interest
      at
      twenty percent (20%) per annum from the Funding Date to the Due Date. Interest
      payments shall be paid to Maker at monthly intervals commencing 30 days from
      Funding Date. Borrowers may pre-pay any or all of the Principal Amount without
      penalty.

     

    At
      the
      Due Date Borrower will repay the Note in the following manner:

     

    Borrower
      will repay the Principal Amount along with accrued Interest within 10 days
      of
      the Due Date via check to the Makers address above.

     

    Additionally,
      the Maker shall receive 11 (eleven) shares of Borrowers common stock for each
      dollar amount of the Principal Amount wit) in thirty (30) days of disbursement
      of the funds, such stock to be restricted by Rule 144 and to be distributed
      per
      the attached Schedule A.

     

    This
      Note
      shall at the option of the Maker be immediately due and payable upon the
      occurrence of any of the following:

     

    
      	1-  	
              Breach
                of any condition of any of the security
                interest.

            

    

    
      	 	 

    

    
      	2-  	
              Upon
                the insolvency, dissolution, or liquidation of the
                Borrowers.

            

    

     

    
      
        
        

      

      
        1

        
          

        

      

      
        
        

      

    

    Wire
      Instructions for receipt of funds by Borrower are:

     

    [redacted]

     

    In
      the
      event this note shall be in default, and placed with an attorney for collection,
      then the Borrower agrees to pay all reasonable attorney fees and costs of
      collection. Payments not made within 10 days of due date shall be subject to
      a
      late charge of 10% of said payment. All payments hereunder shall be made to
      the
      Maker.

     

    The
      Borrowers agree to be fully bound hereunder until this note shall be fully
      paid
      and waive demand, presentment and protest and all notices thereto and further
      agrees to remain bound, notwithstanding any extension, renewal, modification,
      waiver, or other indulgence by the Maker or upon the discharge or release of
      the
      Borrowers, or upon the exchange, substitution, or release of any collateral
      granted as security for this Note. No modification or indulgence by Maker shall
      be binding unless in writing, and any indulgence for one occasion shall not
      be
      an indulgence for any other or future occasion. This Note shall take effect
      as a
      sealed instrument and shall be construed, governed, and enforced in accordance
      with the laws tithe State of Nevada.

     

    
      	
              Signed
                the date recorded below:

            	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
              Steve
                Durdin, CEO 

              Indigo-Energy,
                Inc.

            	 	
              Date

            	 	 
	 	 	 	 	 
	
              Accepted
                by Maker Cart Miller Capital, LLC,

            	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	
              Everett
                Miller, Principal 

            	 	
              Date
                

            	 	
              TIN
                #

            

    

    

    
      
        
        

      

      
        2

        
          

        

      

      
        
        

      

    

    Schedule
      A

    Promissory
      Note CMC III

     

    [redacted]

     

    
      
         

      

      
        3Exhibit
      10.28

     

    [ION
      LETTERHEAD]

     

    December
      19, 2007

     

    Norm
      Corn

    Chief
      Executive Officer

    [Address]

    [City,
      State Zip]

    

    Dear
      Norm:

     

    The
      purpose of this letter is to clarify your relationship with Ion Networks,
      Inc.(the “Company”) in the 6 months from the closing of the sale of
      substantially all of the assets ( the “Sale”) of the Company to Cryptek,
      Inc.(“Cryptek”). You will continue to serve as Chief Executive Officer of the
      Company at your current salary with all benefits that are provided to you by
      the
      Company through its relationship with Adminstaff. In addition to your services
      listed below, you will continue to administer the public filings of the Company,
      subject to review by the Board of Directors of the Company (the “Board”), as
      well as with the Company’s accountants and attorneys. Such filings will include,
      without limitation, filings required as a result of the Sale. In light of the
      changed direction of the Company as contemplated by the Proxy Statement dated
      December 11, 2007 presented to shareholders, your services will now include
      your
      active involvement in the potential utilization of the Company’s public company
      status in order to effectuate a merger, consolidation, combination, exchange
      of
      shares or other possible transaction (the “Transaction”) with an unaffiliated
      third party. In connection therewith, you will work with Mr. Patrick Delaney,
      the Company’s Chief Financial Officer, the Board, the Company’s attorneys and
      accountants and, if called for by the Board, any investment banker offering
      advice and/or fairness opinions to consummate the Transaction. The Company
      also
      recognizes that despite your best efforts, a Transaction may not be completed
      for any number of reasons, including a decision by the Board that it is not
      in
      the best interests of the Company’s shareholders. If that is the case, you will
      work, if and to the extent directed by the Board, to take such other and further
      actions, including the distribution of the remaining cash proceeds of the Sale
      to the shareholders of the Company and to effectuate an ordinary liquidation
      of
      the Company, including deregistering the Company as a public company. Towards
      that end, you will keep the Board current on the budgetary requirements of
      the
      Company and will make provision for payment of the net proceeds distributable
      to
      stockholders in accordance with the Company’s Articles of Incorporation, as
      determined by the Board in conjunction with legal counsel. 

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    If
      for
      any reason, the closing of the Sale to Cryptek does not occur on or before
      January 31, 2008, this letter agreement will be null and void.

     

    It
      is
      recognized and agreed that your current agreements with Company provide for
      a
      severance payment under certain circumstances (the “Severance”). It is agreed
      that 50% of such entitlement will be paid within 3 business days of the closing
      of the Sale and that 50% will be paid at the expiration of the term of this
      engagement. The Company further agrees that if the Board determines that you
      have completed your duties before the expiration of the six month engagement,
      it
      will pay you your remaining salary for the six month term and the second half
      of
      the severance payment at or about the time of such determination. 

     

    Provided
      that the Company complies with the terms hereof, you waive any other or further
      claim with respect to the Severance, or any other claim to compensation or
      benefits except as provided herein. The Company recognizes that although the
      foregoing is intended to be your primarily responsibility for the next 6 months,
      it may not require your full time and attention. Recognizing this possibility,
      the Company consents in your engaging in other activates that are not in any
      way
      in conflict with the responsibilities set forth above and that will not detract
      from the time and energies needed to fulfill your obligations to the Company.
      You acknowledge that you have the opportunity to carefully review the above,
      and
      if you deem appropriate to seek your own legal advice and counsel in connection
      with this agreement. This agreement shall be governed by and construed in
      accordance with the laws of the State of New Jersey and may not be amended
      except by a duly executed amendment singed by the parties. 

     

    
      	 	 	 
	 	
              ION
                NETWORKS, INC.

            
	 
 	 
 	 
 
	 	By:  	/s/ Stephen M. Deixler
	 	 	
              

            
	 	 	 
	 	 	 
	
            	
            	/s/
              Norm Corn 
	 	
              
Norm
              Corn

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00140-of-00352.parquet"}]]