EXHIBIT 10.14(a)
NOTE
$500.000 As of March 17, 1998
FOR VALUE RECEIVED, the undersigned Think New Ideas. Inc., with an address
at 00 Xxxx 00xx Xxxxxx (the "Borrower") hereby unconditionally promises to pay
on such date as may be required pursuant to Section 2.4 of the Loan Agreement
(as hereinafter defined), to the order of Omnicom Finance Inc., a Delaware
corporation (the "Creditor") with offices at 000 Xxxxxxx Xxxxxx, Xxx Xxxx, XX
00000 at said address or at such other address as the Lender may from time to
time designate, in lawful money of the United States and in immediately
available funds, the principal amount of FIVE HUNDRED THOUSAND DOLLARS
($500,000) DOLLARS.
The undersigned further agrees to pay interest in like money at such
office on the unpaid principal amount hereof from the date hereof at the
applicable rate determined in accordance with Section 2.3 of the Loan Agreement
and on the date specified in Section 2.4 of the Loan Agreement.
Whenever any payment to be made hereunder shall be stated to be due on a
Saturday, Sunday or a public or bank holiday (any other day being a "Business
Day"), such payment may be made on the next succeeding Business Day.
This Note is the Note referred to in the Loan Agreement of even date
herewith between the Borrower and Creditor (as amended from time to time, the
"Loan Agreement") and is entitled to the benefits thereof and is subject to the
mandatory prepayment in whole or in part as provided therein. All capitalized
terms used in this Note shall have the meanings ascribed to them in the Loan
Agreement. The provisions of the Loan Agreement are incorporated herein by
reference.
Upon the occurrence and continuance of any one or more of the Events of
Default specified in the Loan Agreement, all amounts then remaining unpaid on
this Note may be declared to be, or may automatically become, immediately due
and payable as provided therein.
Presentment, demand, protest and notice of dishonor are hereby waived by
the Borrower.
This Note shall be governed by and construed according to the laws of the
State of New York.
Think New Ideas, Inc.
By: /s/ Xxxxxx Xxxxxxx
----------------------------
Title: C.F.O.
