DATA NATIONAL CORPORATION
FORM 10-QSB
December 31, 1996
(a) Exhibits:
10.1 Revolving Note
10.2 Credit and Security Agreement
10.3 Collateral Account Agreement
10.4 Agreement as to Lockbox Service
10.5 Landlord's Disclaimer and Consent
10.6 Support Agreement - Xxxxxxx X. Xxxxx
10.7 Support Agreement - Xxxxxx X. Xxxxxxxx
10.8 Guaranty by Corporation
10.9 Security Agreement for Guaranty
10.10 Security Agreement in Favor of Norwest Bank NA
10.11 Subordination Agreement
10.12 Assignment
REVOLVING NOTE
$500,000 Denver, Colorado
January 3, 1997
For value received, the undersigned, Service Business Systems, Inc., a
Colorado corporation (the "Borrower"), hereby promises to pay on December 31,
1998 to the order of Norwest Business 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 Five Hundred Thousand and No/100 Dollars ($500,000) or, if less, the
aggregate unpaid principal amount of all advances made by the Lender to the
Borrower hereunder, together with interest on the principal amount hereunder
remaining unpaid from time to time, computed on the basis of the actual
number of days elapsed and a 360-day year, from the date hereof until this
Note is fully paid at the rate from time to time in effect under the Credit
and Security Agreement of even date herewith (the "Credit Agreement") by and
between the Lender and the Borrower. The principal hereof and interest
accruing thereon shall be due and payable as provided in the Credit Agreement.
This Note may be prepaid only in accordance with the Credit Agreement.
This Note is issued pursuant, and is subject, to the Credit Agreement,
which provides, among other things, for acceleration hereof. This Note is
the Note referred to in the Credit Agreement.
This Note is secured, among other things, pursuant to the Credit
Agreement and the Security Documents as therein defined, and may now or
hereafter be secured by one or more other security agreements, mortgages,
deeds of trust, assignments or other instruments or agreements.
The Borrower hereby agrees to pay all costs of collection, including
attorneys' fees and legal expenses in the event this Note is not paid when
due, whether or not legal proceedings are commenced.
Presentment or other demand for payment, notice of dishonor and protest
are expressly waived.
SERVICE BUSINESS SYSTEMS, INC.
BY (Signature) /s/Xxxxxx X. Xxxxxxxx
(Name and Title) Xxxxxx X. Xxxxxxxx,
President and CEO
