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BJCT > SEC Filings for BJCT > Form 8-K on 30-Aug-2013All Recent SEC Filings




Entry into a Material Definitive Agreement, Creation of a Direct

Item 1.01 Entry into a Material Definitive Agreement

On August 28, 2013, Bioject Medical Technologies Inc. ("Bioject") sold to Mark Logomasini (the "Purchaser") a Senior Secured Bridge Promissory Note in the amount of $120,000 (the "Note"). The Note is secured by all the intellectual property of Bioject and its wholly owned subsidiary Bioject Inc. Mr. Logomasini is Bioject's President and Chief Executive Officer and a director. The Note bears interest at the rate of 10% per year with all principal and interest due on or before December 31, 2014, provided that the Note will be prepaid if Bioject can do so but still have adequate cash to fund its ongoing operations for the then forseeable future.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant

(a) See Item 1.01 Entry into a Material Definitive Agreement.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits

The following exhibits are filed herewith and this list is intended to constitute the exhibit index:

10.1    Senior Secured Bridge Promissory Note dated August 28, 2013 issued by
        Bioject Medical Technologies Inc. to Mr. Logomasini.

10.2    Intellectual Property Security Agreement dated August 28, 2013 between
        Bioject Medical Technologies Inc., Bioject Inc. and Mr. Logomasini.

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