AMENDED & RESTATED TERM NOTE
Execution
Version
FORM OF
AMENDED & RESTATED TERM
NOTE
$__________________
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Atlanta,
Georgia
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May
19, 2010
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FOR VALUE
RECEIVED, the undersigned, EASYLINK SERVICES INTERNATIONAL CORPORATION, a
Delaware corporation (the “Borrower”), hereby
promises to pay to ______________ (the “Lender”) or its
registered assigns, at the office of ____________ at ________________________,
(i) on the Maturity Date (as defined in the Revolving Credit and Term Loan
Agreement dated as of May 19, 2009, as the same may be amended, restated,
supplemented or otherwise modified from time to time, the “Credit Agreement”),
among the Borrower, the lenders from time to time party thereto and SunTrust, as
administrative agent for the lenders, the aggregate unpaid principal amount of
the Term Loan made by the Lender to the Borrower pursuant to the Credit
Agreement, and (ii) on each date specified in the Credit Agreement prior to
the Maturity Date, the principal amount of the Term Loan made to the Borrower by
the Lender pursuant to the Credit Agreement and payable to the Lender on such
date as specified therein, in each case in lawful money of the United States of
America in immediately available funds, and to pay interest from the date hereof
on the principal amount thereof from time to time outstanding, in like funds, at
said office, at the rate or rates per annum and payable on such dates as
provided in the Credit Agreement. In addition, should legal action or
an attorney-at-law be utilized to collect any amount due hereunder, the Borrower
further promises to pay all reasonable and documented out-of-pocket costs of
collection, including the reasonable and documented out-of-pocket attorneys’
fees actually incurred by the Lender.
Upon the
occurrence and during the continuance of an Event of Default, the Borrower
promises to pay interest, on demand, at a rate or rates provided in the Credit
Agreement.
All
borrowings evidenced by this Amended and Restated Term Note and all payments and
prepayments of the principal hereof and the date thereof shall be endorsed by
the holder hereof on the schedule attached hereto and made a part hereof or on a
continuation thereof which shall be attached hereto and made a part hereof, or
otherwise recorded by such holder in its internal records; provided, that the failure of the
holder hereof to make such a notation or any error in such notation shall not
affect the obligations of the Borrower to make the payments of principal and
interest in accordance with the terms of this Amended and Restated Term Note and
the Credit Agreement.
This
Amended and Restated Term Note is issued in connection with, and is entitled to
the benefits of, the Credit Agreement which, among other things, contains
provisions for the acceleration of the maturity hereof upon the happening of
certain events, for prepayment of the principal hereof prior to the maturity
hereof and for the amendment or waiver of certain provisions of the Credit
Agreement, all upon the terms and conditions therein specified.
This
Amended and Restated Term Note is an amendment and restatement of, and replaces
in its entirety, that certain Term Note executed by Borrower in favor of Xxxxxx
dated May 19, 2009, in the original principal amount of ________________________
Dollars ($_______________), and is not intended to serve as a novation or an
accord and satisfaction of the indebtedness evidenced thereby.
(Signature
on following page)
THIS
AMENDED AND RESTATED TERM NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND
GOVERNED BY THE LAWS OF THE STATE OF GEORGIA AND ANY APPLICABLE LAWS OF THE
UNITED STATES OF AMERICA.
EASYLINK
SERVICES INTERNATIONAL
CORPORATION,
a Delaware corporation
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By:
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/s/ Xxxx X. Xxxxxxx
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Name:
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Xxxx X. Xxxxxxx
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Title:
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Chief Financial Officer
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[CORPORATE
SEAL]
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LOANS AND
PAYMENTS
Date
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Amount and
Type of Loan
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Payments of
Principal
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Unpaid
Principal
Balance of
Note
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Name of Person
Making
Notation
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