Common use of Line of Credit Clause in Contracts

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. Borrower agrees for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally only in writing by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXDario Echeverry, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; President of PHONE 1, Inc, and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONSyed Arshad Naqvi, Xxxxx Xxxxxxxxx Officer of PHONE 1, INC. Borrower agrees agrxxx xx xx xxable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. credit Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's Lenders office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXPatrick Verderico, PRESIDENTPresident/SECRETARY OF ICEO of Integrated Packaging Assembly Coxxxxxxxxx; xxx Xxncent R. Lepore, Controller/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONSecretary of Integrated Packaging Assexxxx Xxxxxxxxxxx. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that That Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested either orally or in writing by Borrower or as provided in this paragraphby an authorized person. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's ’s office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.

Line of Credit. This Agreement Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this Agreement Note may be requested orally by Borrower or as provided by an authorized person in this paragraph. All oral requests shall be confirmed in writing on accordance with the day of the requestDevelopment Incentive Agreement. All communications, instructions, instructions or directions by telephone or otherwise to Lender are to be directed to Lender's Xxxxxx’s office shown above. The following persons currently party or parties are authorized to request advances and authorize payments under the line of credit until Lender Xxxxxx receives from Borrower, Borrower at Lender's Xxxxxx’s address shown above, above written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONor . Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lenderperson. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's Xxxxxx’s internal records, including daily computer print-outsprintouts. Lender will have no obligation to advance funds under this Agreement Note if: (Aa) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement Development Incentive Agreement made in connection with the signing of this AgreementNote; (Bb) Borrower or any guarantor ceases doing business or is insolvent; (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; (Dd) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (Ee) Lender in good faith believes xxxxx xxxxx itself insecureinsecure under this Note or any other agreement between Lender and Borrower.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized xxx xxthorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written xxxxten notice of revocation of their xxxxx authority: ANY ONE OF THE FOLLOWINGScott J. Loucks, Chief Financial Officer of TECHNOLOGY RESEARCX XXXXXXXXXXX: XXXX XXXXXXXand Scott .J. Loucks, PRESIDENTSecretary of TECHNOLOGY RESEARCH CORPORATION/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. XXXXURXX, X.X. de C.V. Borrower agrees to be liable for all sums either: (A) advanced in accordance advancex xx xxxordance with the instructions of an authorized person parson or (B) credited to any of Borrower's accounts with LenderLendxx. The Xhe unpaid principal balance owing on xxxxx xn this Agreement at any xx xxx time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outsprint- outx. Lender Xxnder will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.:

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement Note may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's Xxxxxx’s office shown above. The following persons person currently are is authorized to request advances and authorize payments under the line of credit until Lender Xxxxxx receives from Borrower, at Lender's Xxxxxx’s address shown above, written notice of revocation of their his or her authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXXxxxx X. Xxxxxx, PRESIDENTPresident/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. Borrower CEO of Coast Financial Holdings, Inc. Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's Xxxxxxxx’s accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's Xxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender lender are to be directed to Lenderlender's office shown above. The following persons currently are authorized authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXKARL B. GEMPERLI, PRESIDENT/SECRETARY OF I/OMAGIC President & CEO of ELECSYS CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONTODD X. XXXXXXX, Xxxx President & CFO. FUNDS ARE TO BE DISBURSED AT BXXXXXXX'X XXXXXST AND LOAN OFFICER'S APPROVAL. A MONTHLY BORROWING BASE CERTIFICATED IS REQUIRED. Borrower agrees to the liable for all sums either: (A) CHANGE IN TERMS AGREEMENT Loan No. 2000206013 (Continued) Page 0 advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lenderlender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any ay other loan with Lender; or (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences Note is a revolving line of credit. credit "master note." Advances under this Agreement Note may be requested orally only in writing by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the requestby an authorized person. All communications, instructions, instructions or directions by telephone or otherwise to Lender are to be directed to Lender's office shown aboveat 000 Xxxxxxxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxx 00000. The following persons currently are authorized to request advances and authorize payments under the line Line of credit Credit until Lender receives from Borrower, Borrower at Lender's address shown above, above written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. Xxxxx Xxxxxx or P. OF FINANCE OF I/OMAGIC CORPORATIONXxxx Xxxxx. Borrower agrees to be liable for all sums either: either (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited pursuant to the Loan Agreement to any of Borrower's deposit accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (Aa) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including the Loan Agreement and any other agreement made in connection with the signing of this AgreementNote; (Bb) Borrower or any guarantor ceases doing business or is insolvent; (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; or (Dd) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecurepursuant to the Loan Agreement.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested either orally or in writing by Borrower or as provided in this paragraphby any authorized person. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently party or parties are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, Borrower at Lender's address shown above, above written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX. XXXXX XXXXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONPresident; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONXXXX XXXXXXXX, CFO. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outsprintouts. Lender will have no obligation to advance funds under this Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Agreement or any agreement Agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (Bb) Borrower or any guarantor ceases doing business or is insolvent; , (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraphby an authorized person. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently party or parties are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, Borrower at Lender's address shown above, above written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX. XXXXX X. XXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; XXXXXX X. XXXXXXXXX, CHIEF FINANCIAL OFFICER; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONXXXXX XXXXXXXX, CONTROLLER. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; , (Bb) Borrower or any guarantor ceases doing business or is insolvent; , (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.or

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons person currently are is authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their his or her authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXJamex X. Xxxxxxxx, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. Xxairman of the Board of Gerimed of America, Inc. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal Internal records, including Including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in In default under the terms of oh this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise CHANGE IN TERMS AGREEMENT (Continued) Page 2 ================================================================================ attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement Note evidences a revolving line of creditxxxx xx xxxxxx. Advances under this Agreement Note may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender receives from Borrower, Borrower at Lender's address shown above, above written notice of revocation of their authority: ANY ONE KENNETH WALZ, DIRECTOR OF THE FOLLOWING: XXXX XXXXXXXFINANCE; EDUARD A. JAEGER, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONPRESIDENT & CEO; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONXXX XXXXXS E. KREIG, JR., VP FXXXXXX, XXX XXX PREVIOUSLY MENTIONED. Borrower agrees Xxxxxxxx xxxxxx xx xe liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.;

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may my be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONMxxxxxx Xxxxxxxxx; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONDxxx Xxxxxx. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.or

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXALEX N. WATT, PRESIDENTExecutive VP/SECRETARY OF I/OMAGIC CORPORATIONSecretary of FAFCO, INC.; NANCY I. GARVIN, Vice Presixxxx xx Xxxxnce of FAFCO, INC.; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONFREEMAN A. FORD, Xxxxxxxxx xx XXFCO, INC. Borrower agrees to be liable for all sums eithersxxx xxxxxx: (AX) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement Note may be requested orally only in writing by Borrower Xxxxxxxx or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to LenderXxxxxx's office shown above. The following persons currently are authorized authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender Xxxxxx receives from Borrower, at LenderXxxxxx's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXXxxxxxx Xxxxxx, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONPresident of Ministry Partners Investment Corporation, a California Corporation; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONXxxx X. Xxxxxxxx, Chairman of Ministry Partners Investment Corporation, a California Corporation. Borrower Any authorized officer may request advances. Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2003 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements. FULL BANKING RELATIONSHIP REQUIREMENT. The terms of this note include the requirement that Borrower maintain their full depository relationship with Lender.

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement Note may be requested either orally or in writing by Borrower or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's ’s office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's ’s address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXMxxxxxx Xxxxxxxxxx, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONChief Financial Officer of Niku Corporation; Jxxxxx Xxxxxx; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONNxxxx Xxxxx. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement Note may be requested either orally or in writing by Borrower or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's ’s office shown above. The following person or persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's ’s address shown above, written notice of revocation of their such authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXXxxx X. Xxxxxxxx, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONXx, CEO and President of TOROTEL PRODUCTS, INC.; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONH Xxxxx Xxxxxxx, CFO and Secretary of TOROTEL PRODUCTS, INC. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this Agreement may be requested either orally or in writing by Borrower or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's ’s office shown above. The following persons person currently are is authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's ’s address shown above, written notice of revocation of their his or her authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXGXXXX X. XXXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC President of SYNERGETICS, INC. (MISSOURI CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION). Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally only in writing by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXDAVID DERRICK, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONChief Executive Ofxxxxx xx XXXXTEMDX, INC.; CHAD OLSEN, Controller of REMOTEXXX, XXX.; MICHAEL ACTON, Chief Financial Xxxxxxx xx XXMOTEMDX, INC.; and XXXXXXXX JAMES DALTON, President of REMOXXXXX, XXX. Draws to be taken on approved invoices presented to Citizens National Bank from the following companies: CP Baker Securities, Inc, RemoteMXx, Xxx., Dynamic Source Manufacturing and Advanta Design Group, Inc. lender may advance funds under this note to (ACTUAL SIGNATUREi) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONpay itself interest, (ii) make deposits into the Account (as defined below) if it contains less than the required compensating balance, and (iii) to pay itself fees and other amounts that may be owed to it. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested either orally or in writing by Borrower or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons person currently are is authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their his or her authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXJOAN SULLIVAN GARRET, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONPresident of MEDAIRE, INC. Borrower agrees for all sums eitherto be liable fox xxx xxxx xxther: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement Note evidences a revolving line of credit. Advances under this Agreement Note may be requested orally only in writing by Borrower Xxxxxxxx or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to LenderXxxxxx's office shown above. The following persons person currently are authorized is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender Xxxxxx receives from Borrower, at LenderXxxxxx's address shown above, written notice of revocation of their his or her authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONAuthorized Signer . Borrower Any authorized officer may request advances. Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Agreement Note at any time may be evidenced by endorsements on this Agreement Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement Note if: (A) Borrower or any guarantor is in default under the terms of this Agreement Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this AgreementNote; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2003 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested either orally or in writing by Borrower Bxxxxxxx or as provided in this paragraph. All Lender may, but need not, require that all oral requests shall be confirmed in writing on the day of the requestwriting. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's Lxxxxx’s office shown above. The following persons currently are authorized Bxxxxxxx agrees to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXX, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATION; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATION. Borrower agrees be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown aboveabovx. The Xxx following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from BorrowerBorroxxx, at xt Lender's address shown aboveaboxx, written xxitten notice of revocation of their authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXScott J Loucks, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONOFO of Tecxxxxxxx Xxxxxxch Corporation; and XXXXXXXX (ACTUAL SIGNATURE) X [Illegible Signature] V. P. OF FINANCE OF IScott J Loucks, Secretary xx Xxxxxxxxxx Research Corporation/OMAGIC CORPORATION. Honduras, S.A. de C.V. Borrower agrees for all to be liabxx xxx xll sums either: (AIA) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with LenderLxxxxx. The Xhe unpaid principal balance principxx xxxance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including xxxxxding daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) ICI any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.)

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement may be requested orally by Borrower or as provided in this paragraph. All oral requests shall be confirmed in writing on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's ’s office shown above. The following person or persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's ’s address shown above, written notice of revocation of their such authority: ANY ONE OF THE FOLLOWING: XXXX XXXXXXXXxxxxxx X Xxxxxx, PRESIDENT/SECRETARY OF I/OMAGIC CORPORATIONAgent of Foundation Healthcare, Inc., Manager of Foundation Surgery Affiliates, LLC; and XXXXXXXX (ACTUAL SIGNATURE) Xxxxxxx X [Illegible Signature] V. P. OF FINANCE OF I/OMAGIC CORPORATIONXxxxxx, Agent of Foundation Healthcare, Inc., Manager of Foundation Surgical Hospital Affiliates, LLC, Manager of Foundation Surgical Hospital Holdings, LLC, Manager of East El Paso Physicians’ Medical Center, LLC. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (A) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Agreement or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.