REVOLVING CREDIT NOTE
$5,000,000.00 Princeton, New Jersey
March 13, 1998
The undersigned, XXXXXXXXX TECHNOLOGIES INCORPORATED (the "Maker")
hereby promises to pay to the order of FLEET BANK, N.A. (the "Payee") as and
when due as set forth in the Loan Agreement (as hereinafter defined) the
principal sum of Five Million Dollars ($5,000,000.00) or, if less, the aggregate
principal amount (as shown by Xxxxx's records, which shall constitute prima
facie evidence thereof) of all advances (collectively, the "Advances") made by
Payee under the Revolving Credit provided for in and made pursuant to Section
2.1 of the Revolving Credit Loan Agreement, dated the date hereof, between Maker
and Payee (the "Loan Agreement"), which Advances shall be due and payable in
full on or before the Revolving Credit Expiration Date, as defined in the Loan
Agreement. Capitalized terms used herein and not otherwise defined shall have
the meanings given such terms in the Loan Agreement.
The undersigned further promises to pay to the order of Payee interest
on the unpaid principal amounts of the Advances from the respective dates on
which the Advances are made until such principal amounts have been repaid in
full, payable at the times and rates provided in the Loan Agreement.
Maker hereby waives presentment, demand for payment, notice of dishonor
or acceleration, protest and notice of protest, and any and all other notices or
demands in connection with the delivery, acceptance, performance, default or
enforcement of this Note except any notice expressly required in the Loan
Agreement. This is the Revolving Credit Note mentioned in, and is entitled to
the benefits of, the Loan Agreement.
IN WITNESS WHEREOF, Maker xxxxxx executes this Note on the day and year
first above written.
XXXXXXXXX TECHNOLOGIES INCORPORATED
By: \S\ XXXXXXX XXXXXX
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Name: Xxxxxxx Xxxxxx
Title: President
Attest: \S\ XXXXXXX X. XXXXXXXXX
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Xxxxxxx X. Xxxxxxxxx
Vice President Finance
