InvestorsHub Logo
Followers 245
Posts 55847
Boards Moderated 12
Alias Born 04/12/2001

Re: scion post# 42

Wednesday, 01/14/2004 3:17:57 PM

Wednesday, January 14, 2004 3:17:57 PM

Post# of 202
Agreement for Commitment to Purchase Aggregate of $10,000,000 of 5% Promissory Notes


November 13, 2003

Calypte Biomedical Corporation
------------------------------

Ticker: CYPT
Exchange: OTC Bulletin Board


Agreement for Commitment to Purchase Aggregate of
$10,000,000 of 5% Promissory Notes


Securities: 5% Notes, each with 12 month term (the "Notes")
---------- of the Issuer

Issuer: Calypte Biomedical Corporation (the "Issuer")
------

Purchaser: Marr Technologies, B.V.
---------

Commitment Amount: $10,000,000
-----------------

Use of Proceeds: General Corporate Purposes
---------------

This agreement is executed and binding as of this 13th day of November 2003.

Calypte Biomedical Corporation
("Issuer") A Delaware Corporation

By: /s/ Jay Oyakawa
----------------------------------------

Title: President and CEO
---------------------------

Marr Technologies, B.V.
("Purchaser")

By: /s/ J.K. Basnet

----------------------------------------

Title: Authorised Signatory
..................................................

Janak K. Basnet, a director of Marr Technologies Limited and Marr Group Holdings Limited, has sole voting and dispositive power with respect to 2,432,095 or approximately 1.8% of the 136,381,689 shares of common stock of the Company outstanding.



Join InvestorsHub

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.