Exhibit 10.2
CONVERTIBLE SUBORDINATED PROMISSORY
NOTE MATURITY DATE
FOURTH EXTENSION
AGREEMENT
Whereas, Bioject Medical
Technologies Inc., an Oregon corporation (the
“Company”), borrowed $91,104 from Life Sciences
Opportunities Fund II, L.P., a Delaware Limited Partnership (the
“Lender”), pursuant to that certain Convertible
Subordinated Promissory Note, dated as of December 5, 2007
(the “Note”); and
Whereas, the Maturity Date of the
Note was extended from May 15 2009 to July 15, 2009,
pursuant to an Extension Agreement dated April 6, 2009,
between the Company and the Lender; the Maturity Date of the Note
was further extended from July 15, 2009 to August 15,
2009, pursuant to the Second Extension Agreement dated
July 13, 2009, between the Company and the Lender; and the
Maturity Date of the Note was further extended from August 15,
2009 to August 31, 2009, pursuant to the Third Extension
Agreement dated August 14, 2009, between the Company and the
Lender;
Whereas, no principal and interest
have been paid to date on the Note; and
Whereas, the Company has requested
that the Lender extend the Maturity Date of the Note and all
principal and interest due thereon to September 15,
2009;
For good and valuable consideration,
the Company a
