500,000.00 Sunnyvale, California April 24, 1998 FOR VALUE RECEIVED, Xerographic Laser Images, a Delaware Corporation ("Borrower"), hereby promises to pay to the order of Oak Technology, Inc., a Delaware corporation ("Lender"), the principal sum of...Promissory Note and Agreement • May 13th, 1998 • Xerographic Laser Images Corp /De/ • Computer peripheral equipment, nec • California
This Note and Agreement is being entered into in connection with the Plan of Reorganization and Agreement of Merger dated as of January 29, 1998 (as the same may be amended, restated, supplemented or otherwise modified pursuant to the terms thereof, the"Reorganization Agreement") by and between Borrower, Lender, OTI Acquisition Corporation and certain party stockholders of Borrower. Capitalized terms used herein and not otherwise defined shall have the respective meanings set forth in the Reorganization Agreement.
