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Cell MedX Corp. – ‘10-Q’ for 11/30/19 – ‘EX-10.54’

On:  Tuesday, 1/14/20, at 3:14pm ET   ·   For:  11/30/19   ·   Accession #:  1393905-20-9   ·   File #:  0-54500

Previous ‘10-Q’:  ‘10-Q’ on 10/15/19 for 8/31/19   ·   Next:  ‘10-Q’ on 4/14/20 for 2/29/20   ·   Latest:  ‘10-Q’ on 4/15/24 for 2/29/24   ·   19 References:   

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/14/20  Cell MedX Corp.                   10-Q       11/30/19   65:2.2M                                   Empire Stock Transf… Inc

Quarterly Report   —   Form 10-Q   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-Q        Quarterly Report                                    HTML    331K 
 2: EX-10.53    Loan Agreement and Note Payable Dated September 4,  HTML     26K 
                2019                                                             
 3: EX-10.54    Loan Agreement and Note Payable Dated September 6,  HTML     26K 
                2019                                                             
 4: EX-10.55    Loan Agreement and Note Payable Dated September     HTML     26K 
                16, 2019                                                         
 5: EX-10.56    Loan Agreement and Note Payable Dated September     HTML     26K 
                19, 2019                                                         
 6: EX-10.57    Loan Agreement and Note Payable Dated September     HTML     26K 
                20, 2019                                                         
 7: EX-10.58    Loan Agreement and Note Payable Dated October 30,   HTML     26K 
                2019                                                             
 8: EX-10.59    Loan Agreement and Note Payable Dated October 30,   HTML     26K 
                2019, With Rain Communications Corp.                             
 9: EX-31.1     Certification -- §302 - SOA'02                      HTML     23K 
10: EX-31.2     Certification -- §302 - SOA'02                      HTML     23K 
11: EX-32.1     Certification -- §906 - SOA'02                      HTML     19K 
12: EX-32.2     Certification -- §906 - SOA'02                      HTML     19K 
58: R1          Document and Entity Information                     HTML     68K 
37: R2          Consolidated Balance Sheets                         HTML     79K 
24: R3          Consolidated Balance Sheets - Parenthetical         HTML     27K 
46: R4          Consolidated Statements of Operations               HTML     72K 
57: R5          Consolidated Statement of Stockholders' Deficit     HTML     57K 
36: R6          Consolidated Statements of Cash Flows               HTML     85K 
23: R7          Organization and Nature of Operations               HTML     28K 
47: R8          Related Party Transactions Disclosure               HTML     39K 
53: R9          Inventory Disclosure                                HTML     24K 
21: R10         Other Current Assets Disclosure                     HTML     22K 
39: R11         Equipment Disclosure                                HTML     29K 
54: R12         Unearned Revenue Disclosure                         HTML     32K 
48: R13         Revenue Disclosure                                  HTML     26K 
22: R14         Notes and Advances Payable Disclosure               HTML     49K 
40: R15         Share Capital Disclosure                            HTML     53K 
55: R16         Subsequent Event Disclosure                         HTML     22K 
49: R17         Organization and Nature of Operations: Going        HTML     24K 
                Concern (Policies)                                               
25: R18         Related Party Transactions Disclosure: Schedule of  HTML     31K 
                Amounts Due to Related Parties (Tables)                          
38: R19         Related Party Transactions Disclosure: Schedule of  HTML     28K 
                Transactions with Related Parties (Tables)                       
64: R20         Equipment Disclosure: Amortization schedule for     HTML     29K 
                the equipment (Tables)                                           
43: R21         Unearned Revenue Disclosure: Changes to Unearned    HTML     30K 
                Revenue (Tables)                                                 
27: R22         Revenue Disclosure: Schedule of Revenue and         HTML     25K 
                Associated Costs (Tables)                                        
32: R23         Notes and Advances Payable Disclosure: Schedule of  HTML     41K 
                Short-term Loans and Advances Outstanding (Tables)               
65: R24         Share Capital Disclosure: Schedule of Stock Option  HTML     31K 
                Activity (Tables)                                                
44: R25         Share Capital Disclosure: Schedule of Stock         HTML     27K 
                Options Outstanding (Tables)                                     
28: R26         Share Capital Disclosure: Schedule of Warrant       HTML     26K 
                Activity (Tables)                                                
33: R27         Share Capital Disclosure: Schedule of Warrant       HTML     31K 
                Details (Tables)                                                 
63: R28         Organization and Nature of Operations: Going        HTML     23K 
                Concern (Details)                                                
45: R29         Related Party Transactions Disclosure: Schedule of  HTML     33K 
                Amounts Due to Related Parties (Details)                         
52: R30         Related Party Transactions Disclosure: Schedule of  HTML     28K 
                Transactions with Related Parties (Details)                      
60: R31         Inventory Disclosure (Details)                      HTML     36K 
35: R32         Other Current Assets Disclosure (Details)           HTML     25K 
20: R33         Equipment Disclosure: Amortization schedule for     HTML     30K 
                the equipment (Details)                                          
51: R34         Unearned Revenue Disclosure: Changes to Unearned    HTML     31K 
                Revenue (Details)                                                
59: R35         Unearned Revenue Disclosure (Details)               HTML     24K 
34: R36         Revenue Disclosure: Schedule of Revenue and         HTML     32K 
                Associated Costs (Details)                                       
19: R37         Notes and Advances Payable Disclosure: Schedule of  HTML     41K 
                Short-term Loans and Advances Outstanding                        
                (Details)                                                        
50: R38         Notes and Advances Payable Disclosure (Details)     HTML     37K 
61: R39         Share Capital Disclosure (Details)                  HTML     39K 
42: R40         Share Capital Disclosure: Schedule of Stock Option  HTML     28K 
                Activity (Details)                                               
62: R41         Share Capital Disclosure: Schedule of Stock         HTML     30K 
                Options Outstanding (Details)                                    
31: R42         Share Capital Disclosure: Schedule of Warrant       HTML     27K 
                Activity (Details)                                               
26: R43         Share Capital Disclosure: Schedule of Warrant       HTML     32K 
                Details (Details)                                                
41: R44         Subsequent Event Disclosure (Details)               HTML     22K 
56: XML         IDEA XML File -- Filing Summary                      XML    104K 
30: EXCEL       IDEA Workbook of Financial Reports                  XLSX     43K 
13: EX-101.INS  XBRL Instance -- cmxc-20191130                       XML    571K 
15: EX-101.CAL  XBRL Calculations -- cmxc-20191130_cal               XML     63K 
16: EX-101.DEF  XBRL Definitions -- cmxc-20191130_def                XML    251K 
17: EX-101.LAB  XBRL Labels -- cmxc-20191130_lab                     XML    436K 
18: EX-101.PRE  XBRL Presentations -- cmxc-20191130_pre              XML    395K 
14: EX-101.SCH  XBRL Schema -- cmxc-20191130                         XSD    108K 
29: ZIP         XBRL Zipped Folder -- 0001393905-20-000009-xbrl      Zip     53K 


‘EX-10.54’   —   Loan Agreement and Note Payable Dated September 6, 2019


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



  ex-10.54  

LOAN AGREEMENT

September 6, 2019

 

Rain Communications Corp. (the “Lender”) with an address at 1130 West Pender Street, Unit 820, Vancouver, BC V6E 4A4, advanced USD$15,000 (the “Principal Sum”) to Cell MedX Corp. (the “Borrower”) of 123 W. Nye Ln, Suite 446, Carson City, NV 89706.  The Lender advanced the funds on September 6, 2019.

 

The Borrower agrees to repay the Principal Sum on demand, together with interest calculated and compounded monthly at the rate of 6% per year (the “Interest”) calculated from September 6, 2019 (the “Effective Date”). The Borrower is liable for repayment of the Principal Sum, accrued Interest, and any additional costs that the Lender incurs in trying to collect the amount owed to him under the terms of this Loan Agreement.

 

The Borrower acknowledges that at any time, the Lender may, in its sole discretion, provide the Borrower with written instructions to convert any payment of Principal Sum, and/or Interest (together the “Convertible Amount”) into restricted units of common stock in the capital of the Borrower. The Convertible Amount will be converted into fully paid, non-assessable and, subject to the United States securities laws, restricted units of common stock in the capital of the Borrower on the terms and at a conversion price of the then current private placement offering.

 

The Borrower will evidence the debt and its repayment of the Principal Sum and the Interest with a promissory note in the attached for.

 

LENDER

 

BORROWER

Rain Communications Corp.

 

Cell MedX Corp.

 

 

 

Per:

 

Per:

 

 

 

 

 

 

/s/ Raph Biggar

 

/s/ Yanika Silina

Raph Biggar, President

 

Yanika Silina, CFO

 

 

 

 

 

 


PROMISSORY NOTE

Principal Amount:  USD$15,000

September 6, 2019

 

 

FOR VALUE RECEIVED Cell MedX Corp., (the “Borrower”) promises to pay on demand to the order of Rain Communications Corp. (the “Lender”) the sum of $15,000 lawful money of the United States of America (the “Principal Sum”) together with the Interest accrued on the Principal Sum calculated from September 6, 2019 (“Effective Date”) both before and after maturity, default and judgment at the Interest Rate as defined below.

 

For the purposes of this promissory note, Interest Rate means 6 per cent per year.  Interest at the Interest Rate must be calculated and compounded monthly not in advance from and including the Effective Date (for an effective rate of 6.2% per annum calculated monthly), and is payable together with the Principal Sum when the Principal Sum is repaid.

 

The Borrower may repay the Principal Sum, and the Interest in whole or in part at any time.

 

Any time prior to this Promissory Note being repaid the Lender may, in its sole discretion, provide the Borrower with written instructions to convert any payment of Principal Sum, and/or Interest into restricted units of common stock in the capital of the Borrower. Payments will be converted into fully paid, non-assessable and, subject to United States securities laws, restricted units of common stock in the capital of the Borrower (the “Conversion Units”) on the terms and at a conversion price of the then current private placement offering.

 

The Borrower waives presentment, protest, notice of protest and notice of dishonor of this promissory note.

 

 

 

BORROWER

Cell MedX Corp.

 

Per:

 

 

/s/ Yanika Silina

Yanika Silina, CFO

 

 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-Q’ Filing    Date    Other Filings
Filed on:1/14/20
For Period end:11/30/19
9/6/1910-K
 List all Filings 


19 Subsequent Filings that Reference this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 1/16/24  Cell MedX Corp.                   10-Q       11/30/23   46:2.3M                                   Empire Stock Transf… Inc
10/16/23  Cell MedX Corp.                   10-Q        8/31/23   42:1.9M                                   Empire Stock Transf… Inc
 9/01/23  Cell MedX Corp.                   10-K        5/31/23   73:3.2M                                   Empire Stock Transf… Inc
 6/29/23  Cell MedX Corp.                   10-Q        2/28/23   53:2.5M                                   Empire Stock Transf… Inc
 5/19/23  Cell MedX Corp.                   10-Q       11/30/22   53:2.4M                                   Empire Stock Transf… Inc
 4/19/23  Cell MedX Corp.                   10-Q        8/31/22   51:2.2M                                   Empire Stock Transf… Inc
 4/07/23  Cell MedX Corp.                   10-K        5/31/22   90:3.6M                                   Empire Stock Transf… Inc
 4/11/22  Cell MedX Corp.                   10-Q        2/28/22   56:2.5M                                   Empire Stock Transf… Inc
 1/12/22  Cell MedX Corp.                   10-Q       11/30/21   54:2.4M                                   Empire Stock Transf… Inc
10/14/21  Cell MedX Corp.                   424B3                  1:365K                                   Empire Stock Transf… Inc
10/14/21  Cell MedX Corp.                   10-Q        8/31/21   50:2.2M                                   Empire Stock Transf… Inc
10/12/21  Cell MedX Corp.                   424B3                  1:705K                                   Empire Stock Transf… Inc
 8/30/21  Cell MedX Corp.                   10-K        5/31/21   83:3.7M                                   Empire Stock Transf… Inc
 4/09/21  Cell MedX Corp.                   424B3                  1:501K                                   Empire Stock Transf… Inc
 4/09/21  Cell MedX Corp.                   10-Q        2/28/21   56:2.8M                                   Empire Stock Transf… Inc
 3/04/21  Cell MedX Corp.                   S-1                   78:3.8M                                   Empire Stock Transf… Inc
 1/14/21  Cell MedX Corp.                   10-Q       11/30/20   53:2M                                     Empire Stock Transf… Inc
10/15/20  Cell MedX Corp.                   10-Q        8/31/20   51:1.9M                                   Empire Stock Transf… Inc
 9/15/20  Cell MedX Corp.                   10-K        5/31/20   84:2.9M                                   Empire Stock Transf… Inc
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