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Cell MedX Corp. – ‘10-K’ for 5/31/20 – ‘EX-10.69’

On:  Tuesday, 9/15/20, at 4:06pm ET   ·   For:  5/31/20   ·   Accession #:  1393905-20-276   ·   File #:  0-54500

Previous ‘10-K’:  ‘10-K’ on 9/6/19 for 5/31/19   ·   Next:  ‘10-K’ on 8/30/21 for 5/31/21   ·   Latest:  ‘10-K’ on 9/1/23 for 5/31/23   ·   46 References:   

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

 9/15/20  Cell MedX Corp.                   10-K        5/31/20   84:2.9M                                   Empire Stock Transf… Inc

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                       HTML    495K 
 2: EX-10.68    Loan Agreement and Note Payable Dated April 13,     HTML     28K 
                2020, Among Cell Medx Corp. and Longview                         
                Investment Limited                                               
 3: EX-10.69    Loan Agreement Dated July 3, 2020, Among Cell Medx  HTML     30K 
                Corp. and David Jeffs                                            
 4: EX-10.70    Loan Agreement and Note Payable Dated August 31,    HTML     28K 
                2020, Among Cell Medx Corp. and Tradex Capital                   
                Corp.                                                            
 5: EX-21.1     List of Subsidiaries                                HTML     23K 
 6: EX-31.1     Certification -- §302 - SOA'02                      HTML     27K 
 7: EX-31.2     Certification -- §302 - SOA'02                      HTML     27K 
 8: EX-32.1     Certification -- §906 - SOA'02                      HTML     24K 
 9: EX-32.2     Certification -- §906 - SOA'02                      HTML     24K 
16: R1          Document and Entity Information                     HTML     79K 
17: R2          Consolidated Balance Sheets                         HTML     92K 
18: R3          Consolidated Balance Sheets - Parenthetical         HTML     30K 
19: R4          Consolidated Statements of Operations               HTML     86K 
20: R5          Consolidated Statement of Stockholders' Deficit     HTML     71K 
21: R6          Consolidated Statements of Cash Flows               HTML     97K 
22: R7          Organization and Nature of Operations               HTML     28K 
23: R8          Summary of Significant Accounting Policies          HTML     39K 
24: R9          Related Party Transactions Disclosure               HTML     38K 
25: R10         Inventory Disclosure                                HTML     27K 
26: R11         Other Current Assets Disclosure                     HTML     26K 
27: R12         Equipment Disclosure                                HTML     31K 
28: R13         Unearned Revenue Disclosure                         HTML     40K 
29: R14         Revenue Disclosure                                  HTML     29K 
30: R15         Notes and Advances Payable Disclosure               HTML     46K 
31: R16         Share Capital Disclosure                            HTML     46K 
32: R17         Income Taxes Disclosure                             HTML     39K 
33: R18         Subsequent Event Disclosure                         HTML     27K 
34: R19         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Basis   HTML     26K 
                of Presentation (Policies)                                       
35: R20         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     27K 
                Principles of Consolidation, Policy (Policies)                   
36: R21         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     29K 
                Accounting Estimates, Policy (Policies)                          
37: R22         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     28K 
                Foreign Currency Translations and Transactions,                  
                Policy (Policies)                                                
38: R23         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     27K 
                Revenue Recognition, Policy (Policies)                           
39: R24         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     28K 
                Inventory Valuation, Policy (Policies)                           
40: R25         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     27K 
                Research and Development Costs, Policy (Policies)                
41: R26         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Income  HTML     30K 
                Taxes, Policy (Policies)                                         
42: R27         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Loss    HTML     27K 
                Per Share, Policy (Policies)                                     
43: R28         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     28K 
                Long-lived Assets, Policy (Policies)                             
44: R29         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES:         HTML     27K 
                Equipment, Policy (Policies)                                     
45: R30         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Fair    HTML     28K 
                Value Measurements, Policy (Policies)                            
46: R31         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Stock   HTML     28K 
                Options and Other Stock-based Compensation, Policy               
                (Policies)                                                       
47: R32         SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES: Recent  HTML     27K 
                Accounting Pronouncements (Policies)                             
48: R33         Related Party Transactions Disclosure: Schedule of  HTML     31K 
                Amounts Due to Related Parties (Tables)                          
49: R34         Related Party Transactions Disclosure: Schedule of  HTML     30K 
                Transactions with Related Parties (Tables)                       
50: R35         Equipment Disclosure: Change in book value of the   HTML     30K 
                equipment (Tables)                                               
51: R36         Unearned Revenue Disclosure: Changes to Unearned    HTML     32K 
                Revenue (Tables)                                                 
52: R37         Unearned Revenue Disclosure: Schedule of Loss on    HTML     28K 
                Reacquisition of Distribution Rights (Tables)                    
53: R38         Revenue Disclosure: Schedule of Revenue and         HTML     28K 
                Associated Costs (Tables)                                        
54: R39         Notes and Advances Payable Disclosure: Schedule of  HTML     38K 
                Short-term Loans and Advances Outstanding (Tables)               
55: R40         Share Capital Disclosure: Schedule of Stock Option  HTML     31K 
                Activity (Tables)                                                
56: R41         Share Capital Disclosure: Schedule of Stock         HTML     29K 
                Options Outstanding (Tables)                                     
57: R42         Share Capital Disclosure: Schedule of Warrant       HTML     28K 
                Activity (Tables)                                                
58: R43         Share Capital Disclosure: Schedule of Warrant       HTML     31K 
                Details (Tables)                                                 
59: R44         Income Taxes Disclosure: Schedule of Effective      HTML     32K 
                Income Tax Rate Reconciliation (Tables)                          
60: R45         Income Taxes Disclosure: Schedule of Deferred Tax   HTML     30K 
                Assets and Liabilities (Tables)                                  
61: R46         Organization and Nature of Operations (Details)     HTML     27K 
62: R47         Related Party Transactions Disclosure: Schedule of  HTML     36K 
                Amounts Due to Related Parties (Details)                         
63: R48         Related Party Transactions Disclosure: Schedule of  HTML     34K 
                Transactions with Related Parties (Details)                      
64: R49         Inventory Disclosure (Details)                      HTML     36K 
65: R50         Other Current Assets Disclosure (Details)           HTML     28K 
66: R51         Equipment Disclosure: Change in book value of the   HTML     33K 
                equipment (Details)                                              
67: R52         Unearned Revenue Disclosure: Changes to Unearned    HTML     38K 
                Revenue (Details)                                                
68: R53         Unearned Revenue Disclosure (Details)               HTML     37K 
69: R54         Unearned Revenue Disclosure: Schedule of Loss on    HTML     31K 
                Reacquisition of Distribution Rights (Details)                   
70: R55         Revenue Disclosure: Schedule of Revenue and         HTML     41K 
                Associated Costs (Details)                                       
71: R56         Notes and Advances Payable Disclosure: Schedule of  HTML     46K 
                Short-term Loans and Advances Outstanding                        
                (Details)                                                        
72: R57         Notes and Advances Payable Disclosure (Details)     HTML     41K 
73: R58         Share Capital Disclosure (Details)                  HTML     61K 
74: R59         Share Capital Disclosure: Schedule of Stock Option  HTML     32K 
                Activity (Details)                                               
75: R60         Share Capital Disclosure: Schedule of Stock         HTML     34K 
                Options Outstanding (Details)                                    
76: R61         Share Capital Disclosure: Schedule of Warrant       HTML     30K 
                Activity (Details)                                               
77: R62         Share Capital Disclosure: Schedule of Warrant       HTML     41K 
                Details (Details)                                                
78: R63         Income Taxes Disclosure: Schedule of Effective      HTML     45K 
                Income Tax Rate Reconciliation (Details)                         
79: R64         Income Taxes Disclosure: Schedule of Deferred Tax   HTML     32K 
                Assets and Liabilities (Details)                                 
80: R65         Income Taxes Disclosure (Details)                   HTML     28K 
81: R66         Subsequent Event Disclosure (Details)               HTML     32K 
83: XML         IDEA XML File -- Filing Summary                      XML    151K 
82: EXCEL       IDEA Workbook of Financial Reports                  XLSX     75K 
10: EX-101.INS  XBRL Instance -- cmxc-20200531                       XML    637K 
12: EX-101.CAL  XBRL Calculations -- cmxc-20200531_cal               XML     74K 
13: EX-101.DEF  XBRL Definitions -- cmxc-20200531_def                XML    309K 
14: EX-101.LAB  XBRL Labels -- cmxc-20200531_lab                     XML    543K 
15: EX-101.PRE  XBRL Presentations -- cmxc-20200531_pre              XML    505K 
11: EX-101.SCH  XBRL Schema -- cmxc-20200531                         XSD    149K 
84: ZIP         XBRL Zipped Folder -- 0001393905-20-000276-xbrl      Zip     69K 


‘EX-10.69’   —   Loan Agreement Dated July 3, 2020, Among Cell Medx Corp. and David Jeffs


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



  ex-10.69  

LOAN AGREEMENT

 

THIS LOAN AGREEMENT (this "Agreement") dated this 3rd day of July, 2020

 

BETWEEN:

 

David M. Jeffs of 2615 15th Avenue West, Vancouver, BC  V6K 2Z6, Canada

(the "Lender")

 

OF THE FIRST PART

 

AND

Cell MedX Corp. of 123 W. Nye Lane, Suite 446, Carson City, NV 89706, USA

(the "Borrower")

 

OF THE SECOND PART

 

IN CONSIDERATION OF the Lender loaning certain monies (the "Loan") to the Borrower, and the Borrower repaying the Loan to the Lender, both parties agree to keep, perform and fulfill the promises and conditions set out in this Agreement:

 

Loan Amount & Interest

 

The Lender promises to loan twenty thousand ($20,000.00) CAD, to the Borrower and the Borrower promises to repay this principal amount to the Lender, at such address as may be provided in writing, with interest calculated and compounded monthly on the unpaid principal at the rate of 6.0% per annum.

 

Payment

This Loan will be repaid in full from the first proceeds the Borrower receives through the exercise of any existing warrants currently outstanding for the purchase of the Borrower’s common shares or One (1) year from the execution of this Agreement, whichever event arrives soonest.

 

At any time while not in default under this Agreement, the Borrower may pay the outstanding balance then owing under this Agreement to the Lender without further bonus or penalty.

 

Default

Notwithstanding anything to the contrary in this Agreement, if the Borrower defaults in the performance of any obligation under this Agreement, then the Lender may declare the principal amount owing and interest due under this Agreement at that time to be immediately due and payable.

 

Governing Law

This Agreement will be construed in accordance with and governed by the laws of the Province of British Columbia.


Costs

All costs, expenses and expenditures including, without limitation, the complete legal costs incurred by enforcing this Agreement as a result of any default by the Borrower, will be added to the principal then outstanding and will immediately be paid by the Borrower.

 

Binding Effect

This Agreement will pass to the benefit of and be binding upon the respective heirs, executors, administrators, successors and permitted assigns of the Borrower and Lender. The Borrower waives presentment for payment, notice of non-payment, protest, and notice of protest.

 

Amendments

This Agreement may only be amended or modified by a written instrument executed by both the Borrower and the Lender.

 

Severability

The clauses and paragraphs contained in this Agreement are intended to be read and construed independently of each other. If any term, covenant, condition or provision of this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable, it is the parties' intent that such provision be reduced in scope by the court only to the extent deemed necessary by that court to render the provision reasonable and enforceable and the remainder of the provisions of this Agreement will in no way be affected, impaired or invalidated as a result.

 

General Provisions

Headings are inserted for the convenience of the parties only and are not to be considered when interpreting this Agreement. Words in the singular mean and include the plural and vice versa. Words in the masculine mean and include the feminine and vice versa.

 

Entire Agreement

This Agreement constitutes the entire agreement between the parties and there are no further items or provisions, either oral or otherwise.

 

 

 

 

 

 

 

 

 

 

 

 

 


IN WITNESS WHEREOF, the parties have duly affixed their signatures under hand and seal on this 3rd day of July, 2020.

 

 

SIGNED, SEALED, AND DELIVERED

this 9th day of July, 2020 in front of the person below who is over 18 years of age.

 

_/s/ Heidi Henderson

(signature of witness)

 

WITNESS DETAILS:

Name:

Heidi Henderson

 

Address:

_______________

 

 

Vancouver, BC

 

 

 

 

 

 

/s/ David Jeffs

David M. Jeffs

 

 

 

 

 

 

 

 

 

SIGNED, SEALED, AND DELIVERED

this 9th day of July, 2020 in front of the person below who is over 18 years of age.

 

/s/ Greg Ball

(signature of witness)

 

WITNESS DETAILS:

Name:

Greg Ball

 

Address:

_______________

 

 

Vancouver, BC

 

 

 

 

Cell MedX Corp.

 

 

per: /s/ Joao da Costa

Joao (John) da Costa

 

 

 

 

 

 

 

 

 

 

 C: 

19 Subsequent Filings that Reference this Filing

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

 4/15/24  Cell MedX Corp.                   10-Q        2/29/24   53:2.7M                                   Empire Stock Transf… Inc
 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


27 Previous Filings that this Filing References

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

 4/14/20  Cell MedX Corp.                   10-Q        2/29/20   67:2.2M                                   Empire Stock Transf… Inc
 1/31/20  Cell MedX Corp.                   8-K:1,9     1/29/20    3:69K                                    Empire Stock Transf… Inc
 1/14/20  Cell MedX Corp.                   10-Q       11/30/19   65:2.2M                                   Empire Stock Transf… Inc
 1/14/19  Cell MedX Corp.                   10-Q       11/30/18   55:1.9M                                   Empire Stock Transf… Inc
12/31/18  Cell MedX Corp.                   8-K:1,3,9  12/27/18    3:248K                                   Empire Stock Transf… Inc
 9/13/18  Cell MedX Corp.                   10-K        5/31/18   85:3M                                     Empire Stock Transf… Inc
 1/16/18  Cell MedX Corp.                   10-Q       11/30/17   54:2M                                     Empire Stock Transf… Inc
12/05/17  Cell MedX Corp.                   8-K:5,9    12/01/17    3:111K                                   Empire Stock Transf… Inc
10/17/17  Cell MedX Corp.                   10-Q        8/31/17   59:2.2M                                   Empire Stock Transf… Inc
 8/29/17  Cell MedX Corp.                   10-K        5/31/17   90:3M                                     Empire Stock Transf… Inc
 4/14/17  Cell MedX Corp.                   10-Q        2/28/17   64:2.1M                                   Empire Stock Transf… Inc
 9/29/16  Cell MedX Corp.                   8-K:1,5,9   9/26/16    3:75K                                    Ideal Connection, Inc/FA
 9/13/16  Cell MedX Corp.                   10-K        5/31/16   76:3.5M                                   Ideal Connection, Inc/FA
 4/14/16  Cell MedX Corp.                   10-Q        2/29/16   57:2.5M                                   Ideal Connection, Inc/FA
 3/09/16  Cell MedX Corp.                   8-K:1,3,9   3/03/16    3:342K                                   Ideal Connection, Inc/FA
 1/14/16  Cell MedX Corp.                   10-Q       11/30/15   51:2.4M                                   Ideal Connection, Inc/FA
10/15/15  Cell MedX Corp.                   10-Q        8/31/15   53:2.8M                                   Ideal Connection, Inc/FA
 8/11/15  Cell MedX Corp.                   8-K:5,9     8/11/15    3:172K                                   Ideal Connection, Inc/FA
 1/14/15  Cell MedX Corp.                   10-Q       11/30/14   43:2M                                     Ideal Connection, Inc/FA
12/03/14  Cell MedX Corp.                   8-K:2,3,5,911/25/14    6:525K                                   Ideal Connection, Inc/FA
11/18/14  Cell MedX Corp.                   8-K:1,9    11/13/14    2:48K                                    Ideal Connection, Inc/FA
11/03/14  Cell MedX Corp.                   8-K:1,9    10/28/14    2:60K                                    Ideal Connection, Inc/FA
10/17/14  Cell MedX Corp.                   8-K:1,9    10/16/14    3:407K                                   Ideal Connection, Inc/FA
10/09/14  Cell MedX Corp.                   10-Q        8/31/14   37:2.9M                                   Ideal Connection, Inc/FA
 8/26/14  Cell MedX Corp.                   10-K        5/31/14   37:1.8M                                   Ideal Connection, Inc/FA
10/13/10  Cell MedX Corp.                   S-1/A                  8:1.2M                                   Toppan Merrill/FA
 7/13/10  Cell MedX Corp.                   S-1                   11:921K                                   Toppan Merrill/FA
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Filing Submission 0001393905-20-000276   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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