Document:

Filed by Automated Filing Services Inc. (604) 609-0244 - XLR Medical Corp. - Exhibit 10.2

 Leonard Reiffel

  602 Deming Place

  Chicago, Illinois 60614

 September 2, 2005

	 VIA FEDERAL EXPRESS 	  
	  	  
	 President 	 Mr. Logan B. Anderson 
	 Exelar Medical Corporation 	 XLR Medical Corp. 
	 Suite 204, 1480 Gulf Road 	 3199 E. Warm Springs Road, Suite 200 
	 Point Roberts, Washington 98281 	 Las Vegas, Nevada 89120 

 Re:      Technology Transfer Agreement

Gentlemen,

     Reference is hereby made to that certain Technology Transfer Agreement dated March 25, 2004 (the "TTA"), by and between Exelar Corporation ("Exelar"), Exelar Medical Corporation ("EMC"), and myself, and to that
certain Secured Promissory Note dated March 25, 2004 (the "Note").

     Exelar and EMC have defaulted on their obligations to me under the TTA, including without limitation the obligation to pay amounts due pursuant to the Note. Formal notice is hereby given to each of EMC and XLR Medical
Corp., pursuant to Section 1 of the Note, of my intent to exercise my rights and remedies under the Note, including without limitation foreclosing on, and causing a reconveyance to me of, as applicable, the assets, patents and patent applications
pledged to me thereunder, on or after the fifth day following receipt of this notice, failing EMC's or XLR's full performance under the TTA and the Note by such date.

     Please refer any questions regarding this matter to my counsel, Fredric D. Tannenbaum, at 312-899-1613.

 

	
cc: 		 Mr. William B. Houston 

        Cane & Associates 

        Mr. Stephen F.X. O'Neill 

        Mr. Fredric D. TannenbaumFiled by Automated Filing Services Inc. (604) 609-0244 - XLR Medical Corp. - Exhibit 10.8

 NOTICE OF DISPOSITION OF
  COLLATERAL

 Pursuant to Section 59(10) of the Personal Property Security

  Act of British Columbia

	 TO: 	 689158 B.C. Ltd. (the "Debtor") 
	  	 c/o O'Neill & Taylor Law Corporation 
	  	 Suite 1880 - 1055 West Georgia Street 
	  	 Vancouver, BC V6E 3P3 
	  	 

	
	 AND TO: 	 TSI Medical Corp. 
	  	  810 Peace Portal Drive, Suite 202 
	  	 Blaine, Washington 98230 
	  	 

	
	 AND TO: 	 XLR Medical Corp. (formerly known as TSI Medical Corp.) 
	  	 Suite 3400 - 666 Burrard Street Vancouver, BC V6C 2X8 

TAKE NOTICE THAT THE PERSONAL PROPERTY SET FORTH IN Schedule "A" has been seized by The Charles F. White Corporation on the 23rd day of September 2005 under the provisions of the following:

	 	 (a) 	 a Loan Agreement dated the 8th day of March, 2005
        between The Charles F. White Corporation (the "Creditor") and the Debtor;

	 	 	 
	 	 (b) 	 a U.S. $500,000 Promissory Note dated the 8th
        day of March, 2005 issued by the Debtor;

	 	 	 
	 	 (c) 	 a Guarantee dated the 8th day of March, 2005 from
        XLR Medical Corp., formerly known as TSI Medical Corp. (the "Guarantor")
        to the Creditor;

	 	 	 
	 	 (d) 	 a Share Pledge Agreement dated the 8th day of March,
        2005 between the Guarantor and the Creditor; and

	 	 	 
	 	(e) 	a Forbearance And Amendment Agreement (the "Forbearance
        Agreement") dated the 28th day of February, 2005 between the Debtor, the
        Creditor and the Guarantor.

	 	 	 
	 	(together the "Security Agreement")

 

	 1. 	 The amount required to satisfy the obligations secured
        under the Security Agreement is US$699,233.24, detailed as per Schedule
        "B", together with interest at the rate of $216.99 per day from September
        15 to September 23, 2005.

	 	 
	 2. 	 The following default has cause the Security Agreement
        to become enforceable: default in payment of the balance owing from the
        Debtor to the Creditor on or before March 31, 2005 as specified in the
        Forbearance Agreement.

	 	 
	 3. 	 The actual or estimated expenses of enforcing the
        Security Agreement, holding, repairing, processing, and preparing the
        collateral for disposition is $2,000.00.

	 	 
	4. 	 Upon payment of the amounts shown in paragraphs 1
        and 3 hereof, namely US$699,233.24 plus CAD$2,000.00 in cash or
        certified cheque prior to our disposition of the collateral, you may redeem
        the collateral.

	 	 
	 5. 	 The sum actually in arrears exclusive of the operation
        of any acceleration clause in the Security Agreement is US$699,233.24.

PLEASE BE ADVISED THAT unless the collateral is redeemed it will be disposed of by private sale on or after October 17, 2005;

This notice is provided to you in accordance with the Personal Property Security Act and amendments thereto.

Dated: September 26, 2005

 The Charles F. White Corporation 

  by: its solicitors, Boughton Law Corporation

per: Alan H. Brown

 SCHEDULE A

	
1. 		
Share Certificate 60 for 275,000 Shares of Techniscan, Inc.

	
	 	 
	
2. 		
Share Certificate 61 for 551,420 Shares of Techniscan, Inc.

	

SCHEDULE B

The Charles F. While Corporation

  Summary of Loans to XLR / TSI Medical Corp. 

  At Close of Business on September 14, 2005

  (in $US)

	  	  	 	  	 	 	Number of Days 		 	Accrued Interest 	
	  	Date of issuance 	 	Principal Amount 		 	Outstanding 		 	@ 12% Per Annum 	
	 	 	 	 		 	 		 	 	
	Note #1	November 26, 2003 	 $	50,000.00 		 	658 		 $	10,7:0.00 	
	 	 	 	 		 	 		 	 	
	Note #2 	February 2, 2004 	 	55,000.00 		 	590 		 	10,652.04 	
	 	 	 	 		 	 		 	 	
	Note #3	February 20, 2004 	 	20,000.00 		 	572 		 	3,755.44 	
	 	 	 	 		 	 		 	 	
	Note #4 	March 2, 2004 	 	325,000.00 		 	561 		 	59,853.72 	
	  	 	 	  	 	 	 		 	  	 
	Note #5 	March 6, 2004 	 	50,000.00 	 	 	557 	 	 	9,142.69 	 
	 	 	 	 		 	 	 	 	 	
	  	  	 	500,000.00 		 	  	 	 	94,203.89 	
	 	 	 	 		 	 	 	 	 	
	  	July 2, 2004, interest at 24% per annum 	 	80,000.00
    	 	 	439 		 	23,066.45
    	 
	 	 	 	 	 	 	 	 	 	 	 
	  	  	 $	580,000.00
    	 	 	  	 	 $	 117,270.33	 
	  	  	 	  	 	 	  	 	 	  	 
	  	Note: interest accrues daily at 	 	$ 216.99Exhibit 10.1

 

[TGC
Letterhead]

 

October 11, 2005

 

 

Sovereign Bank, N.A.,

Preston Center

6060 Sherry Lane

Dallas, Texas 75225

 

Re:                               TGC Industries, Inc. Promissory Note and
Business Loan Agreement

 

Ladies and Gentlemen:

 

Reference is made to that certain Promissory
Note (as amended, restated, extended, supplemented or otherwise modified in
writing from time to time, the “Note”) and Business Loan Agreement (as amended,
restated, extended, supplemented or otherwise modified in writing from time to
time, the “Agreement”),
both dated September 16, 2005, among TGC Industries, Inc. (“Borrower”) and
Sovereign Bank, N.A., (the “Lender”). 
Capitalized terms used herein shall, unless otherwise indicated, have
the respective meanings set forth in the Note and the Agreement, respectively.

 

Section 1.              Requests by Borrower.

 

(a)           In connection with the Borrower’s issuance of up to
6,325,000 shares of its common stock pursuant to the Underwriting Agreement by
and between the Borrower and Oppenheimer & Co, Inc., as representative of
the underwriters (the “Offering”), Borrower has requested that Lender waive
compliance with the “Change in Material Ownership” sub-section of the “DEFAULT”
section of the Note that states that any change in ownership of twenty-five
percent (25%) or more of the Borrower’s common stock is an event of default.

 

(b)           For the term of the Agreement, except for those assets
included in the Assignment of Accounts Receivable and Intangibles described in
the “COLLATERAL” section of the Note, Borrower has requested that Lender waive
compliance with the “Properties” sub-section under the “REPRESENTATION AND
WARRANTIES” section of the Agreement that states that the Borrower’s properties
are free and clear of all Security Interest, and the Borrower has not executed
any security documents or financing statements relating to such properties.

 

(c)           With regard to the current litigation against the Borrower
involving the death of an employee, as described in Exhibit “A” attached
hereto, Borrower has requested that Lender waive compliance with item (2) of
the “Notices of Claims and Litigation” sub-section under the “AFFIRMATIVE
COVENANTS” section of the Agreement that states that the Borrower will inform
the Lender in writing of any threatened litigation, claims, investigations,
administrative proceedings or similar actions affecting the Borrower.

 

(d)           For the term of this Agreement, Borrower has requested
that Lender waive compliance with item (3) of the “Continuity of Operations”
sub-section under the “NEGATIVE COVENANTS” section of the Agreement that states
that the Borrower shall not pay any dividends on Borrower’s stock.

 

(e)           In connection with the Offering, Borrower has requested
that Lender waive compliance

 

1

 

with
the “Change of Ownership” sub-section under the “DEFAULT” section of the
Agreement that states that any change in ownership of twenty-five percent (25%)
or more of the Borrower’s common stock is an event of default.

 

Section 2.              Waiver.   Subject to the terms and conditions set forth herein, the Lender
executing this letter hereby agrees to waive (the “Waiver”) the
following requirements, events of default or anticipated events of default:

 

(a)           in the “Change in
Material Ownership” sub-section of the “DEFAULT” section of the Note that any
change in ownership of twenty-five percent (25%) or more of the Borrower’s
common stock is or will be an event of default in connection with the Offering;

 

(b)           in the “Properties”
sub-section under the “REPRESENTATION AND WARRANTIES” section of the Agreement
that the Borrower’s properties, except for those assets included in the
Assignment of Accounts Receivable and Intangibles described in the “COLLATERAL”
section of the Note, are free and clear of all Security Interest, and the Borrower
has not executed any security documents or financing statements relating to
such properties, for the term of the Agreement;

 

(c)           in item (2) of the “Notices of Claims and Litigation”
sub-section under the “AFFIRMATIVE COVENANTS” section of the Agreement that the
Borrower will inform the Lender in writing of any threatened litigation,
claims, investigations, administrative proceedings or similar actions affecting
the Borrower, in connection with the litigation against the Borrower involving
the death of an employee, as described in Exhibit “A” attached hereto.

 

(d)           in item (3) of the “Continuity
of Operations” sub-section under the “NEGATIVE COVENANTS” section of the
Agreement that the Borrower shall not pay any dividends on Borrower’s stock,
for the term of the Agreement; and

 

(e)           in the “Change of
Ownership” sub-section under the “DEFAULT” section of the Agreement that any
change in ownership of twenty-five percent (25%) or more of the Borrower’s
common stock is or will be an event of default, in regard to the Offering.

 

Section 3.              No Impairment.  The
Waiver hereby granted by Lender does not, other than to the extent expressly
waived or amended hereby, (a) constitute a waiver or modification of any
other terms or provisions set forth in the Note or the Agreement, (b) impair
any right that Lender may now or hereafter have under or in connection with the
Note or the Agreement, or (c) impair the Lender’s rights to insist upon
strict compliance with the Note or the Agreement.

 

Section 4.              Counterparts.       This
letter may be signed in any number of counterparts, each of which shall be
deemed an original, but all of which together shall constitute one and the same
instrument.  THIS LETTER SHALL BE GOVERNED BY AND CONSTRUED IN
ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS.

 

2

 

[Remainder of Page Intentionally Left Blank;

Signature Pages to Follow.]

 

3

 

Please execute a copy of this letter in the
space provided below to acknowledge your agreement to the foregoing.

 

 

	
   

  	
  Sincerely,

  
	
   

  	
   

  
	
   

  	
  TGC
  INDUSTRIES, INC., as Borrower

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By:

  	
  /s/
  Wayne A. Whitener

  	
   

  
	
   

  	
   

  	
  Wayne A. Whitener, Chief
  Executive Officer

  

 

4

 

Agreed to and acknowledged this 12th
day of October, 2005 and effective as of September 16, 2005.

 

	
  SOVEREIGN
  BANK, N.A., as
  Lender

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
  By:

  	
  /s/ Stephanie B. Velasquez

  	
   

  	
   

  
	
  Name:

  	
  Stephanie B. Velasquez

  	
   

  
	
  Title:

  	
  President – Park Cities

  	
   

  
				

 

5

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