REVOLVING LOAN AGREEMENT Date: November 20, 2006 Credit Limit: $6,255.00
Exhibt
4.2
Date:
November
20, 2006
Credit
Limit: $6,255.00
RFG
Acquisition II Inc., a Delaware corporation, promises to pay XXXX X. XXXXXX
(“Lender”), an individual, the sum of SIX THOUSAND, TWO HUNDRED FIFTY-FIVE and
00/100 DOLLARS ($6,255.00) (the “Credit Limit”) or such other principal amount
that may be outstanding, in no case to exceed the Credit Limit, as evidenced
by
the books and records of Lender. Interest shall accrue at a rate of 4.75% per
annum and be calculated based on actual days outstanding and a 360 day year.
The
outstanding principal and interest shall be paid upon the earlier of a
completion of a merger or December 31, 2010. Lender hereby agrees to promptly
extend funds to RFG Acquisition II Inc. as and when requested in a principal
amount not to exceed the Credit Limit.
In
the
event of a default in the payment of any principal or interest, as herein
provided, all sums due shall bear interest at a rate of ten percent (10.0%)
per
annum from the date then due until such payment is made. In the event of a
default in the payment of principal or interest when due, the whole sum of
principal and interest shall become immediately due and payable at the option
of
the Lender. The waiver of any right or rights granted to RFG Acquisition II
Inc.
shall not be deemed to be a continuing waiver of such right or rights. All
such
waivers shall be in writing. Principal and interest shall be payable in US
dollars. If any legal or collection action is instituted on this Revolving
Loan
Agreement, RFG Acquisition II Inc. promises to pay such sum as the court may
fix
as attorney's fees and costs.
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By:
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/s/ Xxxxx
X. Xxxxx
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Date:
November 20, 2006
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Xxxxx
X. Xxxxx
Chief
Financial Officer
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“Lender”
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/s/
Xxxx X. Xxxxxx
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Date:
November 20, 2006
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XXXX
X. XXXXXX, an individual
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DO
NOT DESTROY THIS ORIGINAL AGREEMENT
