[G LOGO] GE HEALTHCARE FINANCIAL SERVICES
INTERNAL CONTRACT REFERENCE NUMBER 8516199
INTERNAL ORDER REFERENCE NUMBER 861-108592
Dated as of August 10, 2001
FOR VALUE RECEIVED, ROCKWELL MEDICAL TECHNOLOGIES, INC. ("Maker"), located at 30142
WIXOM ROAD, WIXOM, MI 48393, promises, jointly and severally if more than one, to pay to the order of
GE Healthcare Financial Services, a component of General Electric Company, or any subsequent holder hereof
(each, a "Payee") at its mailing address at P.O. Box 641419, Mail Code W-490, Pittsburgh, PA 15264-1419 or
at such other place as Payee may designate, the principal sum of ONE MILLION AND 00/100THS
DOLLARS ($1,000,000.00), or, if less, the aggregate unpaid principal amount of all advances made by Payee to
Maker, as shown on Exhibit A attached hereto, with interest on the unpaid principal balance from time to time
outstanding, from and including the date hereof.
Advances under this Promissory Note shall be made from time to time by Payee either to Maker or directly to
vendors on Maker's behalf, upon Payee's receipt of Maker's written request on Exhibit B to advance such
principal amount (said request to be delivered at least ten (10) days prior to the date the advance is to be made).
Each advance shall be noted by Payee on Exhibit A attached hereto. Advances will continue until the "Principal
Payment Commencement Date", defined as the earlier of a) six months from the date of this Promissory Note
stated above or b) total advances have been made equaling the principal sum disclosed in the first paragraph. No
further advances will be made under this Promissory Note after the Principal Payment Commencement Date.
The interest rate with respect to this Promissory Note will be established for each individual advance on Exhibit
A, based on the following formula: 8.33% per annum plus or minus, as applicable, the number of points that the
yield on five year U.S. Treasury Constant Maturities on the date of the advance, is above or below 4.