Document:

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                                                                    Exhibit 10.7
                                    TERM NOTE

                                                      January 13, 2000
$1,200,000.00                                         Worcester, Massachusetts

      FOR VALUE RECEIVED, INTRINSIX CORP., a Massachusetts corporation having
its principal place of business at 33 Lyman Street, Westborough, Massachusetts
01581 (the "Borrower") promises to pay to BANKBOSTON, N.A., a national bank
having an office at 100 Front Street, Worcester, Massachusetts 01608 (the
"Lender"), or order, at the Lender's place of business, the principal sum of ONE
MILLION TWO HUNDRED THOUSAND AND 00/100 DOLLARS ($1,200,000.00), in lawful money
of the United States of America in immediately available funds, with interest on
the unpaid balance hereof at the rates and in the manner hereafter provided.

      The unpaid principal of this Note from time to time outstanding shall bear
interest, payable monthly in arrears, computed on the basis of the actual number
of days elapsed over a year assumed to have 360 days, at a fluctuating annual
rate equal to the "Base Rate" plus one- half percent (.50%). "Base Rate" means
the annual rate of interest announced from time to time by the Lender at its
head office as its Base Rate. Any change in the interest rate will become
effective without notice simultaneously with each change by the Lender in its
Base Rate. The Base Rate is a reference rate established by the Lender and does
not necessarily represent the lowest or best rate being charged to any customer.

      Interest shall be payable monthly in arrears. The Borrower agrees to pay
principal in equal installments of $25,000.00 each plus accrued interest
beginning on February 15, 2000 and continuing on the same day of each month
thereafter. If not sooner paid, the Borrower agrees to pay the unpaid principal
and interest on January 15, 2004.

      Commencing forty-five (45) days after the quarterly accounting period
ending on March 31, 2000 and forty-five (45) days after each quarterly
accounting period thereafter (June 30, September 30, December 31 and March 31 of
each year) the Borrower shall pay to the Lender an amount equal to ten percent
(10%) of each dollar of any Excess Cash Flow (as defined in the Agreement).

      To the extent that any payment is due on a day which is not a Business
Day, an adjustment will be made in accordance with the Modified Following
Business Day Convention so that the due date will be the first following
Business Day. A "Business Day" means a day on which commercial banks settle
payments in New York.

      This Note is issued pursuant to that certain Loan and Security Agreement
between the Borrower and the Lender of even date (the "Agreement") and is
subject to all of the terms and conditions contained in the Agreement. A default
or an Event of Default under the Agreement shall also constitute an Event of
Default hereunder. At its option, and at any time, after an Event of Default has
occurred under the Agreement or this Note, the Lender may declare all
obligations of the Borrower to the Lender, including without limitation all
amounts hereunder, due and payable as provided herein without further action of
any kind, including without notice, demand or presentment.

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      While no Event of Default exists each payment under this Note will be
applied first to interest then due and then to principal. When an Event of
Default exists any payments will be applied to interest and/or principal as
determined by the Lender in its discretion. The Borrower may, at any time and
without penalty, prepay any part or all of the unpaid principal balance of this
Note in multiples of $1,000.00 unless this Note is being paid in full.

      Each payment made hereunder shall be applied first to interest then due on
the unpaid balance of principal and then to principal. If the entire amount of
any required principal and/or interest payment is not paid in full within ten
(10) days after the same is due, the Borrower shall pay to the Lender a late fee
equal to five percent (5.00%) of the required payment, excluding sums due after
demand or upon acceleration.

      Upon default, after demand, after maturity, after judgment has been
rendered on this Note, or upon the occurrence of an Event of Default, the unpaid
principal of all advances shall, at the option of the Lender, bear interest at a
rate which is four (4) percentage points per annum greater than that which would
otherwise be applicable.

      Any deposits or other sums at any time credited by or due from the Lender
to the Borrower, any endorser or guarantor hereof, may at all times be held and
treated as collateral for the payment of this Note and any and all other
liabilities (direct or indirect, absolute or contingent, sole, joint or several,
secured or unsecured, due or to become due, now existing or hereafter arising)
of any such maker to the holder. The Lender may apply or set-off such deposits
or other sums against such liabilities at any time.

      The Borrower and any guarantor hereby grant to the Lender, a lien,
security interest and right of setoff as security for this Note, upon and
against all deposits, credits, collateral and property, now or hereafter in the
possession, custody, safekeeping or control of the Lender. At any time, without
demand or notice, the Lender may set off the same or any part thereof and apply
the same to any of the Obligations (as defined in the Agreement), even though
unmatured and regardless of the adequacy of any other collateral securing the
Obligations. ANY AND ALL RIGHTS TO REQUIRE THE LENDER TO EXERCISE ITS RIGHTS OR
REMEDIES WITH RESPECT TO ANY OTHER COLLATERAL WHICH SECURES THE OBLIGATIONS,
PRIOR TO EXERCISING ITS RIGHT OF SETOFF WITH RESPECT TO SUCH DEPOSITS, CREDITS
OR OTHER PROPERTY OF THE BORROWER AND ANY GUARANTOR, ARE HEREBY KNOWINGLY,
VOLUNTARILY AND IRREVOCABLY WAIVED.

      The Borrower, guarantors, endorsers or other persons now or hereafter
liable for the payment of any of the indebtedness evidenced by this Note,
severally agree, by making, guaranteeing or endorsing this Note or by making any
agreement to pay any of the indebtedness evidenced by this Note, to waive
presentment for payment, protest and demand, notice of protest, demand and of
dishonor and nonpayment of this Note, and consent, on one or more occasions,
without notice of further assent (a) to the substitution, exchange or release of
the collateral securing this Note or any part thereof at any time, (b) to the
acceptance or release by the holder or holders hereof at any time of any
additional collateral or security for or other guarantors of this Note, (c) to
the modification or amendment, at any time and from time to time, of this Note,
the Agreement or any instrument securing this Note at the request of any person
liable thereon, (d) to the granting by the holder hereof of any extension of the
time for payment of this Note or

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for the performance of the agreements, covenants and conditions contained in
this Note, the Agreement or any other instrument securing this Note, at the
request of any person liable thereon, and (e) to any and all forbearances and
indulgences whatsoever. Such consent shall not alter or diminish the liability
of any person.

      The Borrower agrees to pay all reasonable expenses or costs, including
attorneys' fees and costs of collection, which may be incurred by the holder
hereof in connection with the enforcement of any obligations hereunder or
representation with respect to bankruptcy or insolvency proceedings.

      Upon receipt of an affidavit of any officer of the Lender as to the loss,
theft, destruction or mutilation of this Note or any other security document
which is not of public record, and, in the case of any such loss, theft,
destruction or mutilation, upon cancellation of this Note or other security
document, the Borrower will issue, in lieu thereof, a replacement note or other
security document in the same principal amount thereof and otherwise of like
tenor.

      The Lender may at any time pledge or assign all or any portion of the
Lender's rights under this Note and the other loan documents to a Federal
Reserve Bank, provided, however, that no such pledge or assignment shall release
the Lender from the Lender's obligations hereunder or any other loan document.

      The obligations of the Borrower hereunder are secured by all assets of the
Borrower as set forth in the Agreement.

      THE LENDER (BY ITS ACCEPTANCE HEREOF) AND THE BORROWER AGREE THAT THEY,
INCLUDING ANY ASSIGNEE OR SUCCESSOR OF THEM, SHALL NOT SEEK A JURY TRIAL IN ANY
LAWSUIT, PROCEEDING, COUNTERCLAIM, OR ANY OTHER LITIGATION PROCEDURE BASED UPON,
OR ARISING OUT OF, THIS NOTE, ANY RELATED INSTRUMENTS, ANY COLLATERAL OR THE
DEALINGS OR THE RELATIONSHIP BETWEEN THEM. THE LENDER AND THE BORROWER SHALL NOT
SEEK TO CONSOLIDATE ANY SUCH ACTION WITH ANY OTHER ACTION IN WHICH A JURY TRIAL
CANNOT BE OR HAS NOT BEEN WAIVED. THE PROVISIONS OF THIS PARAGRAPH HAVE BEEN
FULLY DISCUSSED BY THE LENDER AND THE BORROWER AND THESE PROVISIONS SHALL BE
SUBJECT TO NO EXCEPTIONS. THE LENDER AND THE BORROWER AGREE THAT THE PROVISIONS
OF THIS PARAGRAPH WILL BE FULLY ENFORCED IN ALL INSTANCES.

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      Executed as a sealed instrument as of the 13th day of January, 2000.

                                          INTRINSIX CORP.

/s/ James P. Quitadamo                    By: /s/ Jim Gobes
------------------------------------          -------------------------
Witness                                       James Gobes, President

/s/ James P. Quitadamo                    By: /s/ Brian Meeks
------------------------------------          -------------------------
Witness                                       Brian Meeks, Treasurer

                                       4<PAGE>

                                                                    Exhibit 10.8

                         SUBORDINATION AGREEMENT (Debts)

      INTRINSIX CORP., a Massachusetts corporation having its principal place of
business at 33 Lyman Street, Westborough, Massachusetts 01581(herein called the
"Borrower") is indebted to the amount indicated to each of the following:

Gintaras Subatis, 10 Bald Hill Farm Road, Sharon, MA 02607        $174,901.43
----------------------------------------------------------        -------------

(herein called the "Creditors" whether there be one or more than one).

      The Borrower and the Creditors have requested BANKBOSTON, N.A., a national
bank having offices at 100 Front Street, Worcester, Massachusetts 01608 (herein
called the "Bank") to grant financial accommodations to the Borrower, and the
Bank has indicated that it is unwilling to do so unless the Borrower and the
Creditors shall Join in this Agreement and the Creditors shall subordinate, to
the extent and in the manner hereinafter set forth, the indebtedness
hereinbefore referred to and also all other indebtedness (except for current or
future salaries or payments made as compensation for employment) of the Borrower
to the Creditors, direct or indirect, absolute or contingent, due or to become
due, now existing or hereafter arising (herein called the "Subordinated Debt")
to all indebtedness of the Borrower to the Bank, direct or indirect, absolute or
contingent, due or to become due, now existing or hereafter arising (herein
called the "Bank Debt") (for the purposes of this Agreement, the term "Bank
Debt" shall include all indebtedness of the Borrower to the Bank, direct or
indirect, absolute or contingent, due or to become due, non-existing or
hereafter arising).

      NOW, THEREFORE, in consideration of the premises and as an inducement to
the Bank to grant financial accommodations to the Borrower, whether by loan or
advance or extension of time for the payment of Bank Debt or otherwise, and in
consideration of the granting thereof, the Borrower and the Creditors warrant to
and covenant with the Bank as follows:

   1. Provided no event of default exists under any agreement or instrument
evidencing the Bank Debt (a "Default"), the Borrower may make regularly
scheduled payments of principal and interest to the Creditors. No prepayments of
any kind, including acceleration after a default, may bc made to the Creditors.
After a Default, the Borrower shall not, directly or indirectly, make any
payment of principal or interest on account of or transfer any collateral for
any part of the Subordinated Debt, the Creditors shall not demand or accept from
the Borrower or any other person any such payment or collateral nor cancel, set
off or otherwise discharge any part of the Subordinated Debt and neither the
Borrower nor the Creditors shall otherwise take or permit any action prejudicial
to or inconsistent with the Bank's priority position over the Creditors created
by this Agreement.

   2. The Creditors hereby assign, transfer and set over to the Bank the
Subordinated Debt, whether evidenced by negotiable or non-negotiable
instruments, securities or other writings, book entries or otherwise, together
with any collateral therefor, and have endorsed or assigned to the Bank and
herewith deposit with it the following:
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   3. The Creditors will not commence or join with any other creditor or
creditors of the Borrower in commencing any bankruptcy, reorganization or
insolvency proceedings against the Borrower. At any meeting of creditors of the
Borrower or in the event of any proceeding, voluntary or involuntary, for the
distribution, division or application of all or part of the assets of the
Borrower or the proceeds thereof, whether such proceeding be for the
liquidation, dissolution or winding up of the Borrower or its business, a
receivership, insolvency or bankruptcy proceeding, an assignment for the benefit
of creditors or a proceeding by or against the Borrower for relief under any
bankruptcy, reorganization or insolvency law or any law relating to the relief
of debtors, readjustment of indebtedness, reorganization, arrangement,
composition or extension or otherwise, if all Bank Debt has not been paid in
full at the time, the Bank is hereby irrevocably authorized at any such meeting
or in any such proceeding:

      (a) To enforce claims comprising Subordinated Debt either in its own name
   or the name or names of any Creditors, by proof of debt, proof of claim, suit
   or otherwise;

      (b) To collect, in accordance with this Agreement, any assets of the
   Borrower distributed, divided or applied by way of dividend or payment, or
   any such securities issued, on account of Subordinated Debt and apply the
   same, or the proceeds of any realization upon the same that the Bank in its
   discretion elects to effect, to Bank Debt until all Bank Debt shall have been
   paid in full, rendering any surplus to the Creditors, pro rata;

      (c) To vote claims comprising Subordinated Debt to accept or reject any
   plan of partial or complete liquidation, reorganization, arrangement,
   composition or extension; and

      (d) To take generally any action in connection with any such meeting or
   proceeding which the Creditors might otherwise take.

   4. Should any payment on account of or any collateral for any part of the
Subordinated Debt be received by the Creditors in violation hereof, such payment
or collateral shall be delivered forthwith to the Bank by the recipient for
application to Bank Debt, in the form received except for the addition of any
endorsement or assignment necessary to effect transfer of all rights therein to
the Bank. The Bank is irrevocably authorized to supply any required endorsement
or assignment which may have been omitted. Until so delivered any such payment
or collateral shall be held by the recipient in trust for the Bank and shall not
be commingled with other funds or property of the recipient.

   5. No part of the Subordinated Debt is evidenced by any instrument, security
or other writing which has not previously been or is not concurrently being
deposited with the Bank; the Creditors are the lawful owners of the Subordinated
Debt and no part thereof has been assigned to or subordinated or subjected to
any other security interest in favor of anyone
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other than the Bank. Until all Bank Debt has been paid in full, the Borrower
shall not issue any instrument, security or other writing evidencing any part of
the Subordinated Debt except at the request of and in the manner requested by
the Bank; and the Creditors shall not assign or subordinate any part of the
Subordinated Debt except to or in favor of the Bank.

   6. The Bank is hereby authorized to demand specific performance of this
Agreement, whether or not the Borrower shall have complied with the provisions
hereof applicable to it, at any time when the Creditors shall have failed to
comply with any provision hereof applicable to them. The Creditors hereby
irrevocably waive any defense based on the adequacy of a remedy at law which
might be asserted as a bar to the remedy of specific performance hereof in any
action brought therefor by the Bank. The Creditors further waive presentment,
notice and protest in connection with all negotiable instruments evidence Bank
Debt or Subordinated Debt to which they may be parties, notice of the acceptance
of this Agreement by the Bank, notice of any loan made, extension granted or
other action taken in reliance hereon and all demands and notices of every kind
in connection with this Agreement, Bank Debt or Subordinated Debt; assent to any
renewal, extension or postponement of the time of payment of Bank Debt or any
other indulgence with respect thereto, to any substitution, exchange or release
of collateral therefor and to the addition or release of any person primarily or
secondarily liable thereon; and agree to the provisions of any instrument,
security or other writing evidencing Bank Debt.

   7. The Borrower and the Creditors shall execute and deliver to the Bank such
further instruments and shall take such further action as the Bank may at any
time or times reasonably request in order to carry out the provisions and intent
of this Agreement.

   8. If all indebtedness of the Borrower to the Bank is at any time or times
hereafter paid in full and thereafter the Borrower again becomes indebted to the
Bank, the provisions of this Agreement shall apply to such new indebtedness
unless before the same is incurred the Creditors notify the Bank in writing to
the contrary. If, in reliance upon this Agreement, the Bank grants loans or
extensions or takes other action, after the death or incapacity of or the
termination of this Agreement by the Creditors, but prior to the receipt by the
Bank of written notice of such death, incapacity or termination, the Bank's
rights shall be the same as they would have been had such death, incapacity or
termination not occurred, and the Borrower and the Creditors shall indemnify the
Bank and save it harmless from and against any loss, cost, liability or expense
which it may have incurred or suffered by reason of any action so taken by it.

   9. If any warranty herein contained shall prove to have been materially false
when made or in the event of a breach by the Borrower or the Creditors in the
performance of any of the terms hereof, the Bank may, at its option, declare all
Bank Debt to be forthwith due and payable, without presentment, demand, protest,
or notice of any kind, notwithstanding any time or credit otherwise allowed.

   10. The rights granted to the Bank hereunder are solely for its protection
and nothing herein contained shall impose on the Bank any duties with respect to
any property of the Borrower or the Creditors received hereunder beyond
reasonable care in its custody and preservation while in the Bank's possession.
The Bank shall have no duty to preserve rights against prior parties in any
instrument or chattel paper received hereunder.

   11. This Agreement is intended to take effect as a sealed instrument, shall
be binding upon the Borrower, the Creditors, their respective executors,
administrators, other legal
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representatives, successors and assigns, shall inure to the benefit of the Bank,
its successors and assigns and shall be construed in accordance with the laws of
the Commonwealth of Massachusetts. The obligations hereby undertaken by the
Creditors shall be their joint and several obligations.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly
executed this 13th day of January, 2000.

BORROWER:                                       CREDITOR:
---------                                       ---------

INTRINSIX CORP.

By: /s/ Jim Gobes                               /s/ Gintaras Subatis
    ---------------------------                 ---------------------------
      James Gobes, President                    Gintaras Subatis

By: /s/ Brian Meeks
    ---------------------------
     Brian Meeks, Treasurer

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