{"id":40178,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/note-sagent-technology-inc-and-thomas-m-lounibos.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"note-sagent-technology-inc-and-thomas-m-lounibos","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/note-sagent-technology-inc-and-thomas-m-lounibos.html","title":{"rendered":"Note &#8211; Sagent Technology Inc. and Thomas M. Lounibos"},"content":{"rendered":"<pre>                                      NOTE\n\n$630,000.00\n                                                                   Mountain View\n\n                                                                February 5, 1999\n\n      FOR VALUE RECEIVED, Thomas M. Lounibos promises to pay to Sagent\nTechnology, Inc., a Delaware corporation (the 'Company'), the principal sum of\nSix Hundred Thirty Thousand dollars ($630,000.00), together with interest on the\nunpaid principal hereof from the date hereof at the rate of (4.66%) per annum,\ncompounded semiannually.\n\nPrincipal and interest shall be due and payable on January 28, 2002. Payment of\nprincipal and interest shall be made in lawful money of the United States of\nAmerica.\n\n      The undersigned may at any time prepay all or any portion of the principal\nor interest owing hereunder.\n\n      This Note is subject to the terms of the Option, dated as of December 28,\n1998. This Note is secured in part by a pledge of the Company's Common Stock\nunder the terms of a Security Agreement of even date herewith and is subject to\nall the provisions thereof.\n\n      The holder of this Note shall have full recourse against the undersigned,\nand shall not be required to proceed against the collateral securing this Note\nin the event of default.\n\n      In the event the undersigned shall cease to be an employee, director or\nconsultant of the Company for any reason, this Note shall, at the option of the\nCompany, be accelerated, and the whole unpaid balance on this Note of principal\nand accrued interest shall be immediately due and payable.\n\n      Should any action be instituted for the collection of this Note, the\nreasonable costs and attorneys' fees therein of the holder shall be paid by the\nundersigned.\n\n                                            \/s\/ THOMAS M. LOUNIBOS\n                                            ------------------------------------\n                                            Signature\n\n                                            Thomas M. Lounibos\n                                            ------------------------------------\n                                            Print Name\n\n                                      NOTE\n\n$3,442.95\n                                                                   Mountain View\n\n                                                                February 5, 1999\n\n      FOR VALUE RECEIVED, Thomas M. Lounibos promises to pay to Sagent\nTechnology, Inc., a Delaware corporation (the 'Company'), the principal sum of\nThree Thousand Four Hundred Forty Two dollars and Ninety Five cents ($3,442.95),\ntogether with interest on the unpaid principal hereof from the date hereof at\nthe rate of (4.66%) per annum, compounded semiannually.\n\nPrincipal and interest shall be due and payable on January 28, 2002. Payment of\nprincipal and interest shall be made in lawful money of the United States of\nAmerica.\n\n      The undersigned may at any time prepay all or any portion of the principal\nor interest owing hereunder.\n\n      This Note is subject to the terms of the Option, dated as of March 6,\n1996. This Note is secured in part by a pledge of the Company's Common Stock\nunder the terms of a Security Agreement of even date herewith and is subject to\nall the provisions thereof.\n\n      The holder of this Note shall have full recourse against the undersigned,\nand shall not be required to proceed against the collateral securing this Note\nin the event of default.\n\n      In the event the undersigned shall cease to be an employee, director or\nconsultant of the Company for any reason, this Note shall, at the option of the\nCompany, be accelerated, and the whole unpaid balance on this Note of principal\nand accrued interest shall be immediately due and payable.\n\n      Should any action be instituted for the collection of this Note, the\nreasonable costs and attorneys' fees therein of the holder shall be paid by the\nundersigned.\n\n                                            \/s\/ THOMAS M. LOUNIBOS\n                                            ------------------------------------\n                                            Signature\n\n                                            Thomas M. Lounibos\n                                            ------------------------------------\n                                            Print Name\n\n\n                                      -2-\n\n                                      NOTE\n\n$300,000.00\n                                                                   Mountain View\n\n                                                                February 5, 1999\n\n      FOR VALUE RECEIVED, Thomas M. Lounibos promises to pay to Sagent\nTechnology, Inc., a Delaware corporation (the 'Company'), the principal sum of\nThree Hundred Thousand dollars ($300,000.00), together with interest on the\nunpaid principal hereof from the date hereof at the rate of (4.66%) per annum,\ncompounded semiannually.\n\nPrincipal and interest shall be due and payable on January 28, 2002. Payment of\nprincipal and interest shall be made in lawful money of the United States of\nAmerica.\n\n      The undersigned may at any time prepay all or any portion of the principal\nor interest owing hereunder.\n\n      This Note is subject to the terms of the Option, dated as of September 29,\n1997. This Note is secured in part by a pledge of the Company's Common Stock\nunder the terms of a Security Agreement of even date herewith and is subject to\nall the provisions thereof.\n\n      The holder of this Note shall have full recourse against the undersigned,\nand shall not be required to proceed against the collateral securing this Note\nin the event of default.\n\n      In the event the undersigned shall cease to be an employee, director or\nconsultant of the Company for any reason, this Note shall, at the option of the\nCompany, be accelerated, and the whole unpaid balance on this Note of principal\nand accrued interest shall be immediately due and payable.\n\n      Should any action be instituted for the collection of this Note, the\nreasonable costs and attorneys' fees therein of the holder shall be paid by the\nundersigned.\n\n                                            \/s\/ THOMAS M. LOUNIBOS\n                                            ------------------------------------\n                                            Signature\n\n                                            Thomas M. Lounibos\n                                            ------------------------------------\n                                            Print Name\n\n\n                                      -3-\n\n<\/pre>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[8746],"corporate_contracts_industries":[9513],"corporate_contracts_types":[9539,9544],"class_list":["post-40178","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-sagent-technology-inc","corporate_contracts_industries-technology__software","corporate_contracts_types-compensation","corporate_contracts_types-compensation__employment"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/40178","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=40178"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=40178"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=40178"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=40178"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}