EXHIBIT A
REVOLVING CREDIT NOTE
$5,000,000 December 30, 1998
FOR VALUE RECEIVED, Performance Technologies, Incorporated, a Delaware
corporation (the "Borrower"), hereby promises to pay to The Chase Manhattan Bank
(the "Bank"), for account of its Lending Office provided for by the Credit
Agreement dated as of December 30, 1998 between the Borrower and the Bank (the
"Credit Agreement"), or order, at the Payment Office the principal sum of Five
Million and No/100 Dollars ($5,000,000) or such portion thereof as may have been
advanced by the Bank pursuant to Article 2 of the Credit Agreement, in lawful
money of the United States of America and in immediately available funds, on the
dates and in the amounts provided in the Credit Agreement, and to pay interest
on the unpaid principal amount hereof from time to time outstanding, at such
office, in like money and funds, for the period commencing on the date of this
Note until such principal sum shall be paid in full, at the rates per annum and
on the dates provided in the Credit Agreement.
The amount, type and date of each Loan made by the Bank to the
Borrower, and each payment made on account of the principal thereof, shall be
recorded by the Bank on its books and, prior to any transfer of this Note,
endorsed by the Bank on the schedule attached hereto or any continuation
thereof, provided, however, that the failure of the Bank to endorse the schedule
shall not affect or impair the Borrower's obligation to repay any Loan or any
interest thereon or any other amount due under the Credit Agreement.
This Note is the Note referred to in the Credit Agreement and evidences
all Loans made by the Bank thereunder. Capitalized terms used in this Note have
the respective meanings assigned to them in the Credit Agreement.
The Credit Agreement provides for the acceleration of the maturity of
this Note upon the occurrence of certain events and for prepayments of Loans
upon the terms and conditions specified therein.
This Note shall be governed by and construed in accordance with the
laws of the State of New York.
PERFORMANCE TECHNOLOGIES, INCORPORATED
By:_________________________________
Name:_______________________________
Title:______________________________
ANNEX TO NOTE
--------------- -------------- ----------- ----------- ----------- ----------
Principal Principal Unpaid
Date of Loan Type of Loan Amount Amount Principal Notation
of Loan Paid or Amount Made By
Prepaid
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
--------------- -------------- ----------- ----------- ----------- ----------
EXHIBIT B
ANNUAL COMPLIANCE CERTIFICATE
This Compliance Certificate is rendered to The Chase Manhattan Bank
(the "Bank") by Performance Technologies, Incorporated (the "Borrower") pursuant
to ss. 8.06(a)(iii) of the Credit Agreement between The Bank and the Borrower
dated December ___, 1998 (the "Credit Agreement").
The undersigned hereby certifies that in respect of the fiscal year
ending December ___, 19___ (the "Year"):
1. The Borrower was in compliance xxxxxx.xx. 10.01, 10.02, 10.03 and
10.04 of the Credit Agreement as at the end of the Year [except
-----------------].
2. No "Default" or "Event of Default" (as defined in the Credit
Agreement) occurred during the Year [except
----------------].
Dated: _____________, 19___
PERFORMANCE TECHNOLOGIES, INCORPORATED
By:_________________________________
Name:_______________________________
Title:______________________________
EXHIBIT C
QUARTERLY COMPLIANCE CERTIFICATE
This Compliance Certificate is rendered to The Chase Manhattan Bank
(the "Bank") by Performance Technologies, Incorporated (the "Borrower") pursuant
to ss. 8.06(b)(iii) of the Credit Agreement between the Bank and the Borrower
dated December ___, 1998 (the "Credit Agreement").
The undersigned hereby certifies that in respect of the fiscal quarter
ending _____________, 19___ (the "Quarter"):
1.The Borrower was in compliance xxxxxx.xx. 10.01, 10.02, 10.03 and
10.04 of the Credit Agreement as at the end of the Quarter [except
------------].
2. No "Default" or "Event of Default" (as defined in the Credit
Agreement) occurred during the Quarter [except
--------------].
Dated: ______________, 19___
PERFORMANCE TECHNOLOGIES, INCORPORATED
By:________________________________
Name:______________________________
Title:_____________________________
SCHEDULE 1
SCHEDULE OF SUBSIDIARIES AND
INVESTMENTS IN SUBSIDIARIES (ss. 7.07)
PTI Virgin Island Corp. (Foreign Sales Corp.)
NO OTHER ACTIVE SUBSIDIARIES WITH ASSETS OR OPERATIONS
NO INVESTMENTS IN SUBSIDIARIES
SCHEDULE 2
EXISTING CREDIT ARRANGEMENTS AND LIENS (ss. 7.08)
-------------------- ----------------------------------------- ----------------- -----------
Start Date Collateral Description Monthly Payment Term
-------------------- ----------------------------------------- ----------------- -----------
--------------------------------------------------------------------------------------------
U.S. Bancorp Leasing and Financial
-------------------------------------------------------------------------------- -----------
-------------------- ----------------------------------------- ----------------- -----------
1/96 Production and data processing/ $2,242.15 48 months
computer equipment
-------------------- ----------------------------------------- ----------------- -----------
--------------------------------------------------------------------------------------------
Chase Manhattan Bank
-------------------------------------------------------------------------------- -----------
-------------------- ----------------------------------------- ----------------- -----------
Line of Credit: machinery, equipment,
fixtures accounts, inventory, general
intangibles, chattel paper and
insurance.
Electrovert Hydrocleaner
-------------------- ----------------------------------------- ----------------- -----------
--------------------------------------------------------------------------------------------
City of Rochester
--------------------------------------------------------------------------------------------
-------------------- ----------------------------------------- ----------------- -----------
$80,000 Loan from City of Rochester
secured by Chase Manhattan Bank Letter
of Credit
-------------------- ----------------------------------------- ----------------- -----------
GUARANTIES
NONE
SCHEDULE 3
SCHEDULE OF HAZARDOUS MATERIALS (ss. 7.12)
None
SCHEDULE 4
SCHEDULE OF PARTNERSHIPS AND JOINT VENTURES (ss. 7.17)
None
SCHEDULE 5 (ss. 7.20)
