EXHIBIT 10.2
Exhibit A to
Fourth Amendment to
Credit and Security Agreement
REVOLVING NOTE
$2,000,000
Minneapolis, Minnesota
April 29, 1999
For value received, the undersigned, MEDAMICUS, INC., an Minnesota
corporation (the "Borrower"), hereby promises to pay ON DEMAND, or if demand is
not sooner made, as provided under the Credit Agreement (defined below) to the
order of NORWEST CREDIT, INC., a Minnesota corporation (the "Lender"), at its
main office in Minneapolis, Minnesota, or at any other place designated at any
time by the holder hereof, in lawful money of the United States of America and
in immediately available funds, the principal sum of Two Million Dollars
($2,000,000) or, if less, the aggregate unpaid principal amount of all Advances
made by the Lender to the Borrower under the Credit and Security Agreement dated
as of March 5, 1996 by and between the Lender and the Borrower (as the same may
be amended, supplemented or restated from time to time, the "Credit Agreement")
together with interest on the principal amount hereunder remaining unpaid from
time to time (computed on the basis of actual days elapsed in a 360-day year)
from the date of the initial Advance until this Note is fully paid at the rate
from time to time in effect under the Credit Agreement.
This Note is issued in replacement of and in substitution for, but
not in payment of, that certain Revolving Note of the Borrower dated June 17,
1998, payable to the order of the Lender in the principal amount of $1,500,000.
This Note is the Revolving Note as defined in the Credit Agreement
and is subject to the Credit Agreement.
MEDAMICUS, INC.
By
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Xxxxx X. Xxxxxxx
Its President