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Cell MedX Corp. – ‘10-K’ for 5/31/20 – ‘EX-10.70’

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-10.70’   —   Loan Agreement and Note Payable Dated August 31, 2020, Among Cell Medx Corp. and Tradex Capital Corp.


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



  ex-10.70  

 

LOAN AGREEMENT

August 31, 2020

 

Tradex Capital Corp., (the “Lender”) with an address at 1177 W. Hastings Street, Suite 2288, Vancouver, BC V6E 2K3, advanced USD$65,000 (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 August 31, 2020.

 

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 August 31, 2020 (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 form.

 

LENDER

BORROWER

Tradex Capital Corp.

Cell MedX Corp.

 

 

Per:

Per:

 

 

 

 

/s/ William Friesen

/s/  Yanika Silina

Name: Rick Donaldson

Yanika Silina, CFO

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 


 

 

PROMISSORY NOTE

 

Principal Amount: USD$65,000

August 31, 2020

 

 

FOR VALUE RECEIVED Cell MedX Corp., (the “Borrower”) promises to pay on demand to the order of Tradex Capital Corp., (the “Lender”) the sum of $65,000 lawful money of the United States of America (the “Principal Sum”) together with the Interest accrued on the Principal Sum calculated from August 31, 2020 (“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-K’ Filing    Date    Other Filings
Filed on:9/15/20
8/31/2010-Q,  NT 10-K
For Period end:5/31/20NT 10-K
 List all Filings 


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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