Shares* IMAGE SENSING SYSTEMS, INC. Common Stock UNDERWRITING AGREEMENTUnderwriting Agreement • May 12th, 2008 • Image Sensing Systems Inc • Measuring & controlling devices, nec • New York
Image Sensing Systems, Inc., a Minnesota corporation (the “Company”), proposes to issue and sell [________] shares (the “Firm Shares”) of the Company’s common stock, $.01 par value per share (the “Common Stock”), to you and to the several other Underwriters named in Schedule I (collectively, the “Underwriters”), for whom you are acting as representatives (the “Representatives”). The Company has also agreed to grant to you and the other Underwriters an option (the “Option”) to purchase up to an additional [______] shares of Common Stock, on the terms and for the purposes set forth in Section 1(b) (the “Option Shares”). The Firm Shares and the Option Shares are referred to collectively herein as the “Shares.”
LOAN AGREEMENTLoan Agreement • May 12th, 2008 • Image Sensing Systems Inc • Measuring & controlling devices, nec • Wisconsin
THIS AGREEMENT is made as of the 1st day of May, 2008, by and between ASSOCIATED BANK, NATIONAL ASSOCIATION, a national banking association (“Bank”) and IMAGE SENSING SYSTEMS, INC., a Minnesota corporation (“Borrower”).
SECURITY AGREEMENTSecurity Agreement • May 12th, 2008 • Image Sensing Systems Inc • Measuring & controlling devices, nec • Wisconsin
This Security Agreement is made as of the 1st day of May, 2008, by IMAGE SENSING SYSTEMS, INC., a Minnesota corporation (hereinafter (“Debtor”) for the benefit of ASSOCIATED BANK, NATIONAL ASSOCIATION (the “Bank”).
PROMISSORY NOTE (Loan)Promissory Note • May 12th, 2008 • Image Sensing Systems Inc • Measuring & controlling devices, nec
FOR VALUE RECEIVED and to evidence disbursements to the undersigned of sums pursuant to a certain Loan Agreement dated even date between the undersigned and the payee hereof (the “Loan Agreement”), the undersigned promises to pay to the order of ASSOCIATED BANK, NATIONAL ASSOCIATION, at its office at 401 East Kilbourn Avenue, Milwaukee, Wisconsin, the sum of Three Million Dollars ($3,000,000.00) lawful money of the United States of America, or so much as may be outstanding, together with interest on the sum owing and unpaid thereon from time to time, all in accordance with the terms, provisions, agreements and conditions of said Loan Agreement, all of which by this reference are incorporated herein as though herein set forth at length.
